LNGL abandons Fisherman’s Landing LNG project in Queensland

Liquefied Natural Gas Ltd. (LNGL), Perth, has decided to abandon the Fisherman’s Landing project at the Port of Gladstone in Queensland. The proposed development was to have been a midscale, 3.5 million-tonne/year LNG plant—the fourth in the Gladstone area. Source: News

US House members ask trade envoy to consider energy in NAFTA talks

More than 50 members of the US House of Representatives asked US Trade Representative Robert E. Lighthizer to consider North American energy independence as he begins talks with representatives from Canada and Mexico about modernizing the North American Free Trade Agreement. Source: News

MARKET WATCH: NYMEX, Brent oil prices rise slightly in thin holiday trading

Oil prices rose slightly on May 29 in thin trading volumes because of the Memorial Day holiday in the US as well as UK and China holidays. Both benchmark crude oil prices in New York and London dropped on May 30 as typical trading resumed. Oil continued falling in early May 31 trading. Source: […]

Husky Energy approves West White Rose, adds discovery

Husky Energy Inc. expects to start oil production from its West White Rose project offshore Newfoundland and Labrador in 2022 with a gross peak production rate of 75,000 b/d in 2025. Source: News

Another above-normal Atlantic hurricane season likely, NOAA forecasts

The US Atlantic region is likely to experience another above-normal hurricane season this year, National Oceanic & Atmospheric Administration forecasters said. For the upcoming Atlantic hurricane season from June 1 through Nov. 30, they forecast a 45% chance of an above-normal season, a 35% chance of a near-normal period, and only a 20% chance of […]