NorthAmOil - North America Oil & Gas

Oil and gas outlook improves, but cost increases continue, according to Dallas Fed

Activity in the oil and gas sector rose in third quarter 2023, according to oil and gas executives at 147 firms responding to the Dallas Fed Energy Survey.

Milestone Carbon announces carbon sequestration hub in Midland Basin

Milestone Carbon will develop a CO2 sequestration hub in the southwestern Midland Basin in Texas.

ExxonMobil, SABIC petrochemical complex to use solar power

BP’s solar plant Peacock in Texas will sell all of the electricity it generates under a long-term power purchase agreement to the nearby Gulf Coast Growth Ventures (GCGV), a 50:50 joint venture between ExxonMobil and SABIC.

NorthAmOil: ExxonMobil, SABIC petrochemical complex to use solar power

Trans Mountain pipeline approved for route change

The Trans Mountain pipeline has gained regulatory approval for a route change request, potentially avoiding a months-long delay. The approval for the expansion's changed route was granted by the Canada Energy Regulator (CER).

Canadian oil exports up amid Saudi, Russia squeeze

Canada’s oil exports out of US Gulf terminals will surge in October because of overseas demand increasing with production cuts by Saudi Arabia and Russia.

Biden’s relationship with oil and gas put to test

President Joe Biden and the US oil and gas industry have a complex relationship that is currently being tested in the Gulf of Mexico, where a lease sale was recently delayed because of rare whales.