NorthAmOil - North America Oil & Gas

Orsted completes Texas wind farm that will supply ExxonMobil

Denmark’s Orsted announced last week that it had completed its Sage Draw wind project in Texas. The majority of the output from the 120-wind turbine project will be sold to super-major ExxonMobil to help power its Permian Basin operations.

Takeover deal for LNGL collapses, putting company in danger

A planned takeover deal for Australia-headquartered LNG Ltd (LNGL) has collapsed, after the buyer, LNG9, failed to secure financing for the transaction and withdrew its bid.

Further Canadian output cuts expected

Canadian producers are expected to shut in more output, even though the country has not committed to mandatory cuts to support the OPEC+ supply agreement.

Oil plunges again after IEA paints bleak picture

OPEC+ cuts deep into global supply, but not deep enough

Oil prices give up early gains as analysts say new OPEC+ production cuts not big enough