NorthAmOil - North America Oil & Gas

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Oil & Gas

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Overview

The publication continues to provide weekly coverage of upstream, midstream and downstream news, spanning shale oil and gas, LNG, oil sands, transport by pipeline and rail, company performance and regional energy policy – on both national and state or provincial levels. NorthAmOil provides regular updates on the status of major proposed projects in both the US and Canada. The publication also looks at more distant prospects, such as offshore Arctic drilling.

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Comstock reportedly selling Bakken assets

26 August 2021

US-based Comstock Resources is offering properties in North Dakota’s Bakken play for sale, according to marketing materials.

Talos wins Gulf Coast CCS contract

26 August 2021

Talos Energy announced this week that it had been selected as the winning bidder on a carbon capture and storage (CCS) project on the Texas Gulf Coast, along with its partner, Carbonvert.

US House of Representatives approves framework of $3.5 trillion budget resolution

25 August 2021

The US House of Representatives has voted 220-212 along party lines for a Democrat-led $3.5 trillion budget resolution that is sure to include significant elements to bolster renewable energy. The vote took place on August 24.

EPA to propose lower biofuel mandate levels

25 August 2021

The US Environmental Protection Agency is expected to propose to President Biden that America’s biofuel blending mandates should be lowered to below this year’s levels, two sources familiar with the matter told Reuters.

NorthAmOil: Growth amid uncertainty for the oil sands

24 August 2021

Production in Alberta – home to the oil sands – reached an all-time record of 3.53mn barrels per day on average in the first half of 2021. This marked a 5.7% increase on the same period of 2020.

Biden administration battles in courts over federal leasing pause

20 August 2021

The administration of US President Joe Biden is appealing against a court decision overturning its moratorium on federal oil and gas leasing, even as another lawsuit is launched against the government.

Citgo posts first profit in seven quarters

20 August 2021

Citgo Petroleum, the US refining business of Venezuela’s state-owned PdVSA, has reported a narrow second-quarter profit of $3mn, its first in seven quarters.

Judge overturns Willow approval

20 August 2021

A federal judge has overturned the US government’s approval of ConocoPhillips’ proposed Willow oil project in the National Petroleum Reserve-Alaska (NPR-A), citing issues with the company’s environmental analysis for the plan.

Enbridge close to Line 3 replacement start-up

20 August 2021

Canada’s Enbridge could bring the Line 3 replacement oil pipeline online in September, bringing relief to Alberta’s oil sands producers.

BP, Equinor reiterate low-carbon focus

19 August 2021

European energy giants BP and Equinor have both talked up their plans to produce low-carbon oil and gas at an industry event this week

BPCL steps up US crude imports

19 August 2021

India’s state-run Bharat Petroleum Corporation Ltd (BPCL) is increasing its purchases of US crude oil to meet rising domestic fuel demand, Reuters reported this week.

ConocoPhillips reportedly seeks buyer for Williston assets

19 August 2021

US-based ConocoPhillips has reportedly put its oil assets in the Williston Basin up for sale.

NorthAmOil: US oil industry groups file lawsuit against Biden

17 August 2021

US oil industry groups have filed a lawsuit against the administration of US President Joe Biden for halting oil and gas lease sales on federal land and in federal waters.

Biofuels absent in bipartisan infrastructure bill

16 August 2021

Biofuels are in danger of getting left behind in the US. The trillion-dollar infrastructure bill recently passed by the Senate contained almost nothing whatsoever for biofuels

ExxonMobil, Chevron reportedly pursue renewable fuels without refinery upgrades

13 August 2021

Super-majors ExxonMobil and Chevron are reported to be exploring ways to ramp up their renewable fuels production at their existing refineries, without the need for costly upgrades.

TC Energy, Irving partner on Eastern Canadian decarbonisation

13 August 2021

Canadian pipeline operator TC Energy has signed a memorandum of understanding (MoU) with refiner Irving Oil on potential joint development of projects aimed at reducing greenhouse gas (GHG) emissions in Eastern Canada.

Kenney dismisses idea of abandoning oil

12 August 2021

Alberta Premier Jason Kenney has said it would be impossible for countries such as Canada to abandon fossil fuels.

US LNG players flag up current trends

12 August 2021

US LNG producers discussed various gas market trends that are driving their plans during their second-quarter earnings calls recently.

Chesapeake returns to acquisitions with Vine deal

12 August 2021

Chesapeake Energy announced this week that it had struck a deal to buy Haynesville shale player Vine Energy in a zero premium transaction valued at around $2.2bn.

ExxonMobil weighs net zero pledge, launches shale sale

11 August 2021

Super-major ExxonMobil is reportedly considering making a pledge to pursue net zero greenhouse gas (GHG) emissions. This comes as the company finds itself under growing pressure from investors over its stance on decarbonisation.

House Democrats seek more clean energy spending

11 August 2021

The US Senate has passed a bipartisan infrastructure bill with electricity grid spending – and already House Democrats are lining up to push for more clean energy spending as the legislation continues to wend its way through Congress

NRG NorthAmOil: ExxonMobil weighs net zero pledge

10 August 2021

Super-major ExxonMobil is reportedly considering making a pledge to pursue net zero greenhouse gas (GHG) emissions. This comes as the company finds itself under growing pressure from investors over its stance on decarbonisation.

BHP approves capex spending for Trion, Shenzi North projects

10 August 2021

Australia’s BHP has approved plans to spend more than $800mn on work at two fields in the Gulf of Mexico, Trion and Shenzi North.

Profits roll in for shale drillers

6 August 2021

Shale drillers are reporting their results for the second quarter of 2020, and profits are piling up. This comes as a result of stronger oil demand and prices, thereby helping to lift profits.

Super-majors beat profit expectations

6 August 2021

US-headquartered super-majors Chevron and ExxonMobil both beat analyst expectations with their latest quarterly results.

Edited by

Anna Kachkova

Editor

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