U.S. Producers Prove Better Swing Supplier Than Previously Thought
Dan Eberhart, Forbes, June 1,2020
Today, investor demands are focused on returns, not growth, and capital markets are primarily closed — and were even before the Covid-19 crisis — to all but the strongest shale players. That means the industry largely must live within its means now and not outspend internal cash flow.
Qatar Petroleum Signs Landmark LNG Deals
Matthew V. Veazey, Rigzone, June 2, 2020
Qatar Petroleum (QP) reported Monday that it has signed a trio of liquefied natural gas (LNG) shipbuilding agreements whose scale is unprecedented. The deals with Daewoo Shipbuilding and Marine Engineering (DSME), Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) will reserve a major portion of the “Big Three” South Korean shipyards’ LNG ship construction capacity for QP through 2027, QP noted in a written statement. QP added the agreements will secure more than 100 ships with a value exceeding 70 billion Qatari riyals (approximately USD 19.2 billion). The state-owned firm pointed out the new LNG carriers will help it to satisfy fleet requirements for ongoing expansion projects in Qatar’s North Field and in the United States
Novagold on defensive after short seller shreds its Alaska project
Frik Els, Mining.Com, June 1, 2020
Novagold on Monday said it’s preparing a full response to a scathing report from J Capital Research that accuses managers of the Vancouver-based explorer of “systematically” misleading investors about its proposed Alaska gold mine over the last 15 years.
Novagold says Donlin “is regarded to be one of the largest, highest-grade, and most prospective known open pit gold deposits in the world” and once in production, is expected to produce an average of more than one million ounces per year over a 27-year mine life.
At entry deadline, Alaska’s political primary is stocked with candidates
James Brooks, Anchorage Daily News, June 1, 2020
Across the state, 127 candidates have registered to run in the primary election’s 51 statehouse races, according to a preliminary count published by the Division of Elections on Monday night. That’s two fewer than appeared on the ballot in the 2018 primary.