NorthAmOil - North America Oil & Gas
Low US gas prices upend acquisitions, drillers scale back rigs
The US may have seen a sudden uptick in natural gas prices since the third week of February, when Henry Hub gas prices had plummeted around 78% since August of 2022.
Canada’s Baytex targets higher output, acquires Ranger
Calgary-based Baytex Energy is planning to produce 87,500 barrels of oil equivalent per day (boepd) on average in 2023. This would represent a 5% increase over the previous year’s figure.
Occidental increases spending budget, delays CO2 capture project
Occidental Petroleum will hike its capital spending in 2023, from $4.5bn in 2022 to $6.2bn, including on its Direct Air Capture (DAC) project.
MEG likely to exceed 2023 production targets
MEG Energy will likely exceed its 2023 annual average production target on the back of a strong performance and high efficiency levels, the company’s chief operating officer, Darlene Gates, has said.
Denbury announces new CCUS agreements
Denbury Inc. has announced several new agreements related to its carbon capture, utilisation and storage business (CCUS).
Oil and gas sale in US Gulf of Mexico on March 29
The US Bureau of Ocean Energy Management (BOEM) will hold an oil and gas lease sale in the Gulf of Mexico on March 29, 2023, it has announced.
Venture Global signs LNG supply agreements with China Gas Holdings
Venture Global LNG and China Gas Holdings, a leading natural gas operator in China, have announced two 20-year LNG sales and purchase agreements.
Gulfstream LNG applies to export 4mn tpy of LNG
Gulfstream LNG Development is seeking approval to export up to 4mn tonnes per year from a facility in Louisiana.
Cheniere subsidiaries to expand LNG exports from Sabine Pass
Subsidiaries of Cheniere Energy are to expand liquefied natural gas (LNG) exports from the Sabine Pass Liquefaction (SPL) project in Cameron Parish, Louisiana.
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