NorthAmOil - North America Oil & Gas
Oilfield services firms Schlumberger and Baker Hughes have both reported better-than-expected results for the fourth quarter of 2020, and have predicted that a gradual recovery will take place over the course of 2021.
Calgary-based Enerplus announced this week that it had agreed to buy Bruin E&P HoldCo. for $465mn. Privately owned Bruin is a pure-play company focused on the Williston Basin in North Dakota.
New US President Joe Biden has announced a moratorium on new oil and gas leasing on federal land and in federal waters as part of a series of measures aimed at slowing climate change.
In a series of executive orders to slow climate change, President Joe Biden has established the latter as a national security priority.
US-based Hess has reported a net loss of $97mn in the fourth quarter of 2020. This was up from a loss of $222mn in the same quarter of 2019 and a loss of $243mn in the third quarter of 2020.
The new administration of US President Joe Biden has started taking steps that will affect oil and gas leasing on federal land and in federal waters.
Congestion in the Panama Canal delaying shipments of LNG from the US Gulf Coast to Asia is among the factors contributing to record-high spot prices for the super-chilled fuel in Northeast Asia.
Canadian producers Suncor Energy and Husky Energy – now part of Cenovus Energy – have filed a lawsuit against the provincial government of Newfoundland and Labrador, alleging that they overpaid royalties for the White Rose project.
Biden takes office in the face of US concerns about competition in Mexico's energy markets – and a Mexican leader’s determination to uphold his own preference for state-owned companies.