Steady As She Goes -- June 14, 2018

Active rigs:

$66.96↑	6/14/2018	06/14/2017	06/14/2016	06/14/2015	06/14/2014
Active Rigs	62	55	28	75	187

RBN Energy: will Petronas' stake finally make the LNG Canada export project a reality?

Now, with LNG demand on the upswing and the need for additional LNG capacity in the early-to-mid 2020s apparent, the co-developers of LNG Canada — Shell, PetroChina, Korea Gas and Mitsubishi — have attracted a new and significant investor: Petronas, Malaysia’s state-owned oil and gas company and owner of Progress Energy Canada, which has vast gas reserves in Western Canada. Today, we continue our review of efforts to send natural gas and crude oil to Asian markets with a fresh look at the LNG project and TransCanada’s planned Coastal GasLink pipeline, which will deliver gas to it.