NorthAmOil - North America Oil & Gas

Shale drillers report higher profits, boost dividends

US shale producers are reporting stronger profits as commodity prices stay at multi-year highs. And most are keeping their spending reined in.

Super-majors report highest quarterly profits in years

US-based super-majors Chevron and ExxonMobil have posted their highest quarterly profits in years.

Canadian giants post performance improvements

Canada’s four leading oil sands producers – Canadian Natural Resources Ltd (CNRL), Suncor Energy, Cenovus Energy and Imperial Oil – have all posted third-quarter profits that have marked improved performances.

US senators eye Latin American and Caribbean LNG markets

Five members of the US Senate have re-introduced a measure designed to expedite the permit process for small-scale LNG exports.

Southwestern to buy GEP Haynesville for $1.85bn

Southwestern Energy announced on November 4 that it had struck a deal to buy GEP Haynesville, a joint venture between GeoSouthern and Blackstone Group unit GSO Capital, for $1.85bn in cash and stock.

Pioneer to sell Delaware Basin assets to Continental in shale mega-deal

Pioneer Natural Resources has struck a deal to sell its assets in the Permian’s Delaware sub-basin to Continental Resources for $3.25bn.

US LNG feed gas demand hits six-month high amid Sabine Pass Train 6 commissioning

Feed gas demand at US liquefaction and export terminals is reported to have hit a six-month high of 11.8bn cubic feet (334mn cubic metres) last week.

Halliburton in talks to replace ExxonMobil at West Qurna

NorthAmOil: North American producers report improved performances on higher prices

Earnings season is in full swing, and a growing number of North American producers are reporting stronger performances thanks to commodity prices being at multi-year highs.

Biden must convince COP26 that the US can lead on climate

As the UN climate talks at COP 26 in Glasgow get under way, President Joe Biden has a tricky task. He wants to try to position the US as a global leader on the issue, but his own climate plan is held up in a deeply divided US Congress.