NorthAmOil - North America Oil & Gas
More obstacles in Alaska as Biden administration restricts NPR-A leasing
The administration of US President Joe Biden has overturned a Trump-era policy to open up more of the NPR-A to drilling.
Schlumberger posts increased first-quarter profit on increased drilling
Oilfield services giant Schlumberger reported a higher first-quarter profit last week against the backdrop of rising oil prices bolstering demand for drilling equipment and services.
ExxonMobil receives certification for gas from Permian project
ExxonMobil announced this week that about 200mn cubic feet (5.7mn cubic metres) per day of natural gas output at its Poker Lake project in the New Mexico portion of the Permian Basin has received independent certification from MiQ.
US DoE unveils contracts awarded under second emergency SPR sale
The US Department of Energy (DoE) has awarded 12 contracts for 30mn barrels from the Strategic Petroleum Reserve (SPR) as part of an emergency release previously announced at the start of April.
TC Energy and GreenGasUSA to develop RNG transport hubs
Canada’s TC Energy and GreenGasUSA, an owner and operator of renewable natural gas (RNG) value chain assets, have announced a strategic collaboration for the development of RNG transportation hubs.
CNRL achieves CAD100bn market valuation
Canadian Natural Resources Ltd (CNRL) reached a market valuation of over CAD100bn ($78bn) after rising 1.9% on April 20 to an all-time high.
KOGAS strikes deal for US LNG supply with BP
State-owned Korea Gas (KOGAS) has struck a deal to buy US-produced LNG from BP.
CNOOC confirms end to Flemish Pass Basin exploration
China National Offshore Oil Corp. (CNOOC) has confirmed to Canadian media that it is exiting the Flemish Pass Basin offshore Newfoundland and Labrador.
NorthAmOil: CNOOC confirms end to Flemish Pass Basin exploration
China National Offshore Oil Corp. (CNOOC) has confirmed to Canadian media that it is exiting the Flemish Pass Basin offshore Newfoundland and Labrador.
Biden administration restarts onshore lease sales
The administration of US President Joe Biden has relaunched federal onshore lease sales, but with less acreage on offer than the industry had asked for.
Baker Hughes posts higher profit but falls short of analyst expectations
Oilfield services company Baker Hughes has posted adjusted net income of $145mn, or $0.15 per share, for the first quarter of 2022.
Halliburton beats expectations with first-quarter profit
Oilfield services giant Halliburton has reported an 85% year-on-year increase in adjusted net income for the first quarter of 2022.
ConocoPhillips challenges permit for Santos’ Pikka project
ConocoPhillips is appealing against a land use permit issued by the state government of Alaska in a move that could block development of Santos’ $3bn Pikka oil project on the state’s North Slope.
Emissions intensity comes to the forefront for new Canadian projects
Major new oil and gas projects in Canada can increasingly expect their success in terms of obtaining federal approvals to hinge on their emissions intensity.
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