NorthAmOil - North America Oil & Gas
Comstock reportedly selling Bakken assets
US-based Comstock Resources is offering properties in North Dakota’s Bakken play for sale, according to marketing materials.
Talos wins Gulf Coast CCS contract
Talos Energy announced this week that it had been selected as the winning bidder on a carbon capture and storage (CCS) project on the Texas Gulf Coast, along with its partner, Carbonvert.
US House of Representatives approves framework of $3.5 trillion budget resolution
The US House of Representatives has voted 220-212 along party lines for a Democrat-led $3.5 trillion budget resolution that is sure to include significant elements to bolster renewable energy. The vote took place on August 24.
EPA to propose lower biofuel mandate levels
The US Environmental Protection Agency is expected to propose to President Biden that America’s biofuel blending mandates should be lowered to below this year’s levels, two sources familiar with the matter told Reuters.
NorthAmOil: Growth amid uncertainty for the oil sands
Production in Alberta – home to the oil sands – reached an all-time record of 3.53mn barrels per day on average in the first half of 2021. This marked a 5.7% increase on the same period of 2020.
Biden administration battles in courts over federal leasing pause
The administration of US President Joe Biden is appealing against a court decision overturning its moratorium on federal oil and gas leasing, even as another lawsuit is launched against the government.
Citgo posts first profit in seven quarters
Citgo Petroleum, the US refining business of Venezuela’s state-owned PdVSA, has reported a narrow second-quarter profit of $3mn, its first in seven quarters.
Judge overturns Willow approval
A federal judge has overturned the US government’s approval of ConocoPhillips’ proposed Willow oil project in the National Petroleum Reserve-Alaska (NPR-A), citing issues with the company’s environmental analysis for the plan.
Enbridge close to Line 3 replacement start-up
Canada’s Enbridge could bring the Line 3 replacement oil pipeline online in September, bringing relief to Alberta’s oil sands producers.
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