NorthAmOil - North America Oil & Gas

Spotlight shines on US LNG as Europe grapples with gas questions

US LNG is in the spotlight as Europe urgently considers how it can reduce dependence on Russian gas in the wake of Moscow’s attack on Ukraine.

IEA members to release 60mn barrels amid Ukraine conflict

International Energy Agency (IEA) members led by the US agreed on March 1 to a co-ordinated release of crude oil from emergency stockpiles.

Chevron to buy biodiesel company for $3.15bn

Chevron, the US oil and gas supermajor, will buy Iowa-based biodiesel maker Renewable Energy Group for $3.15bn in cash or $61.50 per share.

Unmoved by Ukraine conflict, OPEC+ sticks to its guns

NorthAmOil: IEA members to release 60mn barrels amid Ukraine conflict

International Energy Agency members led by the US agreed on March 1 to a co-ordinated release of crude oil from emergency stockpiles.

Alberta forecasts first budget surplus in eight years amid rising oil prices

The Canadian province of Alberta is expecting a budget surplus in the 2022-23 fiscal year as rising oil prices and growing production boost provincial resource revenue.

Ovintiv reportedly considering options for Uinta Basin properties

Shale producer Ovintiv is reportedly exploring options for its acreage in Utah’s Uinta Basin and is seeking to hire an investment bank to help with the process.

US Supreme Court rejects Dakota Access appeal

The US Supreme Court has refused to consider an appeal against a previous ruling from a federal appeals court on Energy Transfer’s Dakota Access pipeline.

Chevron to pursue upstream asset certification, carbon capture investment

Two separate announcements made by Chevron over the past few days illustrate the super-major’s increasing focus on cleaner forms of energy.

BP starts up Herschel expansion

BP announced the start-up of the Herschel expansion project in the US Gulf of Mexico on February 22.