NorthAmOil - North America Oil & Gas
Driftwood LNG’s supply deal with Gunvor terminated
A 10-year LNG supply agreement between Driftwood LNG, the subsidiary of US LNG developer Tellurian, and Gunvor Singapore Pte Ltd has been annulled, according to a filing by Tellurian to the US Securities and Exchange Commission on August 1.
ExxonMobil reports drop in second-quarter profit
Supermajor ExxonMobil posted its results for the second quarter of 2023 on July 28. The company’s second-quarter earnings came in at $7.9bn, or $1.94 per diluted share, falling short of analyst expectations.
ConocoPhillips raises production forecast despite profit miss
US-based ConocoPhillips has raised its production forecast for the whole of 2023 slightly to 1.80-1.81mn barrels of oil equivalent per day, from prior guidance of 1.78-1.80mn boepd.
AER data show Alberta’s oil production at seven-year low
Oil production in the Canadian province of Alberta fell to a seven-year low in June amid maintenance at oil sands sites, though the data are also incomplete.
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