NorthAmOil - North America Oil & Gas
Major shale producers starting to see signs of Permian slowdown
Certain leading shale producers in the Permian Basin are starting to see a slowdown in productivity and volume gains, according to recent results.
ExxonMobil, Chevron profits beat expectations
ExxonMobil and Chevron, the two largest US oil companies, have posted soaring profits because of high oil and natural gas prices and post-pandemic demand super-charged in Europe by the energy crisis following Russia’s invasion of Ukraine.
Gas producers hope to start stalled development in British Columbia’s Montney shale
Natural gas firms are hoping to restart development in British Columbia’s Montney shale play and secure licences in time for the winter drilling season.
Occidental, Natural Resource Partners may develop CO2 sequestration hub on Gulf Coast
Occidental’s Low Carbon Ventures subsidiary (OLCV) and Natural Resource Partners (NRP) will evaluate and potentially develop a permanent CO2 sequestration hub on the Gulf Coast in southeast Texas.
Denbury to provide CO2 transport, sequestration in blue methanol project in Louisiana
Denbury Carbon Solutions has executed a definitive agreement with Lake Charles Methanol (LCM) to provide CO2 transportation and sequestration for LCM’s planned blue methanol project near Lake Charles, Louisiana.
Marathon to purchase Ensign’s Eagle Ford assets for $3bn
Marathon Oil has agreed to acquire the Eagle Ford shale assets of Ensign Natural Resources for $3bn cash. The assets – in the core of the play – nearly double Marathon’s Eagle Ford position and are adjacent to its existing wells.
Services giants beat third-quarter profit forecasts
Oilfield services giants SLB, Halliburton and Baker Hughes beat analyst forecasts with their third-quarter profits, buoyed by a pick-up in drilling activity.
Follow us online