NorthAmOil - North America Oil & Gas
Canadian Natural Resources reports record profits for 2022
Canadian Natural Resources Ltd (CNRL) has reported record full-year profits for 2022 despite oil prices that decreased towards the end of the year from a 14-year-high.
Occidental announces carbon capture hub on Gulf Coast
Occidental subsidiary 1PointFive has announce d a plan to develop a carbon capture, utilisation and sequestration hub in south-east Texas on the Gulf Coast.
Enbridge to expand Flanagan South, build oil terminal on Gulf
Enbridge is negotiating with shippers for incremental contract capacity of 95,000 barrels per day on the Flanagan South Pipeline. The oil pipeline runs from Flanagan in Illinois to Cushing, Oklahoma.
SilverBow to operate two rigs in 2023, drill more oil
SilverBow Resources is to operate two drilling rigs throughout 2023, up from an average of 1.5 rigs in 2022. Houston-based SilverBow explores, develops and produces oil and gas in the Eagle Ford and Austin Chalk formations in south Texas.
Chevron, Talos to more than double their Texas carbon capture project
Chevron, Talos Energy and Carbonvert have more than doubled the size of their carbon capture, utilisation and sequestration (CCUS) project in Texas.
Gulfport Energy expects 2-6% net production increase in 2023
Gulfport Energy expects a 2-6% net production increase in 2023 compared with 2022. That would amount to an increase of 1,000mn cubic feet (28,317 cubic metres) per day to 1,040 mmcf (39,644 cubic metres) per day, the company said.
Mexico increases imports of US-produced MTBE in 2022
Mexico increased the amount of MTBE imported from US producers last year, thereby increasing its reliance on its northern neighbour for octane enhancement programmes.
Chesapeake signs 15-year LNG supply deal with Gunvor
Oklahoma-headquartered shale gas producer Chesapeake Energy Corp. announced on March 6 that it has reached a 15-year LNG supply agreement with Swiss commodity trader Gunvor Group.
Venezuela’s use of imported US naphtha rising as shipments of Iranian condensate decline
Venezuela has become increasingly dependent on naphtha imported from the US as a diluent for heavy crude oil as condensate shipments from have declined.
Global energy sector emissions reach new high in 2022
Global energy-related CO2 emissions reached a new record in 2022 of 36.8bn tonnes, inching up 0.9% from the previous year’s level, the International Energy Agency reported last week.
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