TransCanada announced Thursday it had booked a US $2.1 billion charge related to its now-rejected Keystone XL pipeline.
Despite keeping its earnings positive, the chemical products manufacturer saw its quarterly revenues decline by 23 percent.
The arrangements come as U.S. LNG export projects are increasingly under pressure amid the continuing rout in global commodity prices.
The energy sector won’t repeat last year’s mistake of rapidly boosting production the next time the price of oil hits $60 a barrel, said the chairman and CEO of EOG Resources.
In its annual Energy Outlook released Wednesday, BP projected shale gas production around the world will grow 5.6 percent a year, and by 2035, half the growth in shale energy will come from outside the United States.
Janet Yellen said the economy had become “less supportive of growth,” but left open the possibility that cheap oil combined with lower interest rates could provide a boost.
The U.S. Energy Information Administration said that oil inventories fell by 800,000 barrels to 502 million barrels in commercial storage.
If Eni goes ahead with the auction, the business could attract private equity firms and utility companies, sources said.