NorthAmOil - North America Oil & Gas
A US judge has approved Chesapeake Energy’s Chapter 11 bankruptcy plan this week, giving lenders control of the firm, whose value has risen since it first filed for bankruptcy protection last year.
Occidental Petroleum, which set out details of how it would achieve net-zero emissions from its operations late last year, has provided more details on the role carbon capture and storage (CCS) will play in its plans.
US crude prices are up at $53 per barrel, but leading shale drillers have said they will proceed with restraint, and have urged their peers to do the same.
Companies and countries alike are taking steps forward with various oil and gas plans, though some continue to tread carefully in uncertain market conditions.
After a tough 2020, this year has started relatively positively for the LNG industry.
Production from Alberta’s oil sands hit a record high in November 2020 according to provincial data.
A federal auction of oil leases in the Arctic National Wildlife Refuge (ANWR) in Alaska this week drew limited interest from producers.