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Husky Energy Delays Projects, Cuts Upstream Capex by $900M

Mar 13, 2020

Canadian oil and gas company has cut its CAPEX and production guidance for 2020 amid the volatile oil market environment. The cuts will be made in its upstream business with projects put on hold in China, Indonesia, and Canada.The company has slashed its 2020 capital program reduced by $900 million; represents 33% reduction in upstream spending. Husky Energy now expects to spend between $1,75 billion and $1…

ExxonMobil Shelves Canada LNG Export Project

Dec 20, 2018

U.S. oil major ExxonMobil has withdrawn its WCC liquefied natural gas (LNG) export project in Canada from an environmental assessment, it said on Thursday, effectively signalling that the project has been shelved.The so-called WCC LNG export…

Venezuela, Mexico Divert Crude to U.S. as Canadian Barrels Get Stuck

Oct 26, 2018

Cash-strapped state-run oil companies in Mexico and Venezuela have begun diverting crude historically processed for domestic use and sending it to U.S. refiners now facing transportation constraints to secure similar grades from Canada, data shows…

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