NorthAmOil - North America Oil & Gas
Chevron exits Myanmar
Equinor receives licence from oil regulator for “significant” discovery off Newfoundland
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued a licence to Equinor for the Cappahayden K-67 discovery. The board estimates that it holds about 385mn barrels of recoverable oil.
Bakken holds back US oil production growth
North Dakota’s Bakken shale field is holding back the US’s oil production growth
Biden acknowledges oil will remain necessary in the US
US President Joe Biden has conceded that oil will be needed in America for some time yet, despite the energy transition.
ConocoPhillips profits double in 2022
ConocoPhillips saw doubled profits in 2022 of $18.7bn as crude prices rose, its highest earnings in a decade. This was compared with a year earlier when profits were $8.1bn. ConocoPhillips spun off its refining business in 2012.
NuStar to move 600,000 bpd from the Permian in 2024 to Gulf Coast
NuStar Energy plans to transport 600,000 barrels per day of crude from the Permian Basin to the Gulf Coast in 2024 for refining or export, company executives said.
Nearly 200 permits in New Mexico violate federal law, says appeals court
A federal appeals court said the government wrongly ignored the dangers of greenhouse gas and other hazardous emissions when it issued permits to drill nearly 200 oil and gas wells in New Mexico.
Freeport restarts liquefaction in Train 3, ending 8-month halt
Freeport LNG revealed on February 3 that it has restarted the liquefaction process of Train 3 at the Texas liquefied natural gas export plant.
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