LNG

Enbridge Inc., the Canada-based North American natural gas and oil pipeline company, said it was securing more US LNG feed-gas supply contracts but also expects Western Canada to help fill the Asian supply and for a smoother pathway to the Gulf Coast for the huge Canadian oil resources.

The Saudi Arabian Oil Company, Saudi Aramco, reported a 44 percent drop in annual profits, though still earned a net $49 billion in 2020 as it posted record oil and natural gas output even as revenues were affected by lower crude oil prices and sales tumbled because of the economic slump caused by Covid-19.