NorthAmOil - North America Oil & Gas

Suncor sets net-zero emissions target

Canada’s Suncor Energy has unveiled a new target of net-zero greenhouse gas (GHG) emissions by 2050.

Cimarex, Cabot announce surprise $7.4bn merger

US shale players Cabot Oil & Gas and Cimarex Energy have announced a merger of equals valued at roughly $7.4bn. The all-stock transaction will create a company with an enterprise value of around $17bn.

Oasis to exit Permian Basin

Oasis Petroleum announced last week that it had struck a series of deals to sell its entire position in the Permian Basin for a combined total of up to $481mn.

NorthAmOil: Cimarex, Cabot announce surprise merger

US shale players Cabot Oil & Gas and Cimarex Energy have announced a merger of equals valued at roughly $7.4bn.

GECF rejects IEA call to end upstream investment

Biden opts against further Nord Stream 2 pressure

EIA forecasts slight tight oil output increase in June

The US Energy Information Administration (EIA) has projected that tight oil output from the country’s seven leading shale formations will rise by 26,000 barrels per day in June compared with May, reaching 7.73mn bpd.