NorthAmOil - North America Oil & Gas
High oil prices have helped shale drillers increase their profits in the first quarter of the year, but the industry remains cautious amid rising costs.
US-based ConocoPhillips has filed a lawsuit against the State of Alaska in a bid to prevent it from publicly releasing data associated with some of its wells on the North Slope.
Super-major BP has formed a joint venture with industrial gas supplier Linde this week to develop a carbon capture and storage facility in Texas.
US independent Diamondback Energy has struck a deal to acquire all of the publicly held common units in Rattler Midstream that it does not own already.
The US Energy Information Administration is predicting oil output from the Permian Basin, which spans Texas and New Mexico, will jump by 88,000 barrels per day on May to hit a record 5.22mn bpd in June.
San Diego-headquartered Sempra Energy announced this week that it had signed a heads of agreement with Poland’s PGNiG on the purchase of 3mn tonnes per year of LNG from two projects over a 20-year period.
NewsBase takes a brief look at some of the economic and political fallout from the Russia-Ukraine war, with a focus on regional markets for jet fuel and diesel around the world.
Chevron announced on May 17 that it had taken a final investment decision on the Ballymore project in the US Gulf of Mexico.
Chevron announced on May 17 that it had taken a final investment decision (FID) on the Ballymore project in the US Gulf of Mexico.