NorthAmOil - North America Oil & Gas
Alberta wildfires halt 3.7% of Canada's oil, gas production
Alberta, Canada’s oilpatch, has been undergoing wildfires that have shut in at least 3.7% of national oil and gas production as well as some pipelines. The halted production is an estimated 319,000 barrels of oil equivalent per day.
US pipeline regulator seeks to tighten methane rules
The US pipeline regulator has proposed new rules to tighten methane leaks, and they are already being questioned by Republican lawmakers.
Enbridge reaches toll agreement with Mainline shippers
Enbridge Inc said it has reached a toll agreement with shippers for its Mainline oil pipeline system out to 2028.
Four oil sands producers beat expectations in first quarter
Three out of four major oil sands oil producers have posted higher-than-expected profits on tight supplies of crude and rising demand.
Canada launches formal probe into Imperial’s oil sands leak
Canada’s federal government has opened a formal investigation into Imperial Oil’s leak from an oil-sands tailings pond leak at its Kearl site. This means that a prosecution could occur.
Shale driller EOG Resources tops first-quarter estimates
EOG Resources’ revenue rose to $6bn in the first three months of 2023, up 52% on a year earlier and beating analysts’ average estimates of $5.5bn.
ConocoPhillips profit down from a year ago despite tight supplies
Oil and gas producer ConocoPhillips posted first-quarter 2023 earnings and adjusted earnings of $2.9bn, or $2.38 per share, compared with first-quarter 2022 earnings of $5.8bn, or $4.39 per share.
Democrats raise concerns with Biden administration over climate impact of LNG
Over 40 Democrat lawmakers have asked the Biden administration to more carefully analyse the climate and environmental justice impacts of the expansion of the LNG industry across the country.
Sempra mulls delaying Cameron LNG Phase 2 amid growing costs and labour crunch
Sempra infrastructure is considering pushing back a final investment decision on expanding the Cameron LNG plant in Hackberry, Louisiana as projects on the Gulf Coast deal with a mounting labour and supply crunch.
Venture Global selects Worley to construct Phase 1 of CP2 LNG
US LNG exporter Venture Global LNG announced on May 10 that it has selected Australian contractor Worley as the winning bid for a reimbursable engineering, procurement, and construction (EPC) contract for Phase 1 of the CP2 LNG project.
Follow us online