NorthAmOil - North America Oil & Gas
Royal Dutch Shell has proposed exploring for oil and gas in state waters offshore Alaska, around five years after it abandoned its last attempt at exploration off the state’s coast.
Shale gas producer EQT has reportedly put in a bid for gas properties and a pipeline stake in the Appalachian Basin, both of which are being sold by Chevron.
The US Energy Information Administration (EIA) has raised its crude price forecast for the whole of 2020. However, it also lowered the price forecast for 2021 slightly compared to its previous projections.
Calgary-based Calfrac Well Services has postponed a vote on a recapitalisation plan proposed by its management from September 17 to September 29. The delay came after Texas-based Wilks Brothers launched an unsolicited takeover bid for the company.
North Dakota’s oil production rose above 1mn barrels per day in July, according to state data reported this week. This marked the first output increase in two months for the state.
Oil and gas operations in the US Gulf of Mexico and on the Gulf Coast were shut in again this week as Hurricane Sally passed through the region and made landfall in Alabama.