NorthAmOil - North America Oil & Gas

3 June 2023

Re-elected Alberta premier warns Trudeau on climate change

1 June 2023

Alberta premier Danielle Smith’s United Conservative Party (UCP) won re-election in the provincial oil-patch’s elections on May 29. And Smith, a conservative, immediately lambasted the climate change policies of Ottawa.

Dramatic reduction of methane emissions among US oil, gas producers – new analysis

1 June 2023

Reported methane and greenhouse gas intensities in the US oil and gas sector have declined 28% and 30% respectively between 2019 and 2021. This is despite an increase in natural gas and total hydrocarbon production.

Mountain Valley Pipeline in debt ceiling bill passed by House

1 June 2023

The US House of Representatives on Wednesday, May 31 evening passed a debt ceiling bill by a 314-117 margin.

Equinor shelves Bay du Nord in surprise decision

1 June 2023

Equinor has shelved the $12bn Bay du Nord oil drilling project off Newfoundland and Labrador for up to three years.

Commonwealth LNG anticipates export licence in June

1 June 2023

Commonwealth LNG revealed that it believes the US Department of Energy (DOE) will grant it a licence to export LNG before the end of June.

EIA: US natural gas prices to rise amid higher LNG exports

31 May 2023

Domestic prices for US natural gas are expected to rise amid increasing exports of LNG, the Energy Information Administration predicted on May 24, Reuters reports.

ConocoPhillips to purchase remaining 50% of Surmont, locking out Suncor

31 May 2023

ConocoPhillips will exercise its pre-emption right to purchase the remaining 50% interest in the Surmont oil sands thermal project in Alberta from TotalEnergies EP Canada Ltd for about $3bn.

US Supreme Court narrows Clean Water Act in victory for oil, gas

31 May 2023

The US Supreme Court has significantly narrowed the scope of the Clean Water Act. The ruling is expected to ease permitting for oil and gas drilling.

Shareholders reject Norway fund's bid to have ExxonMobil, Chevron adopt stricter climate targets

29 May 2023

Shareholders have rejected an attempt by the world’s largest investment fund, Norway’s $1.4 trillion sovereign wealth fund, to push ExxonMobil and Chevron to adopt stricter climate targets.