North America ///
Three U.S. shale producers are raising output as Biden looks to tame oil prices
Continental Resources Inc., Hess Corp. and Matador Resources Co. signaled plans to raise production from U.S. shale basins, a potential harbinger of things to come as Big Oil prepares to report results later this week.
Liberty Oilfield posts best sales in years on fracing boom
Liberty Oilfield Services Inc. posted its best quarterly sales since going public more than four years ago as the global energy crisis spurs a boom in demand for fracing.
Shell's 13-year journey from discovery to first oil shows why U.S. output remains flat
The difference in business models of shale wells and offshore projects explains why it’s so difficult for oil giants such as Shell to quickly ramp up production when geopolitical disruptions like Russia’s war in Ukraine upend markets.
API awards Gary Heminger its Gold Medal Award for Distinguished Achievement
The American Petroleum Institute has awarded its Gold Medal for Distinguished Achievement – its highest honor and leadership recognition – to Gary R. Heminger, former chairman and CEO of Marathon Petroleum Corporation.
Biden administration says oil leasing to resume on federal land
The Biden administration said it would resume plans for oil and gas drilling on federal lands after a federal appeals court granted a White House request to allow the administration to use a revamped metric for calculating the potential cost to society of greenhouse gas emissions.
Exxon activist investor calls on U.S. shale industry to produce more
The activist investor that forced a board shakeup at Exxon Mobil Corp. to accelerate a move to clean energy is calling on U.S. shale to produce more.
Texas asks 19 finance firms for details on fossil-fuel stances
Any company that fails to respond within 60 days “will be presumed to be boycotting energy companies,” according to a statement released on Wednesday.
Marathon petroleum shuts oil pipeline after leak in Illinois
Marathon Pipe Line Inc. has shut down a pipeline in Illinois that leaked crude oil into a local canal, the company said on Saturday.
Biden wants U.S. oil to drill more. Here’s why they’re holding back
The war in Ukraine has touched off a feud between the White House and U.S. oil industry as many companies reap record profits from rising prices despite pumping less crude than before the pandemic.
CERAWeek: Secretary Granholm outlines strategy for energy transition/security
U.S. Energy Secretary Jennifer Granholm discussed a strategy to expedite the energy transition and ensure global energy security at the CERAWeek by S&P Global energy conference.
U.S. energy chief calls for more oil output amid ‘war footing’
The top U.S. energy official openly called on oil and natural gas producers to boost supply amid an energy crisis sparked by Russia’s invasion of Ukraine.
U.S. oil executives meet with Biden officials as crude soars
Oil industry executives are meeting with U.S. officials this week as surging energy prices and mounting national security concerns bring together two groups that have had a distant relationship since Biden’s inauguration.
Security for U.S. and Europe begins with new energy policy
It is high time that the U.S. forges a new energy policy, based on facts and common sense, says Gulf Energy Information President John Royall.
Biden called to unleash shale to counter deepening energy crisis
The chorus is growing from America’s oil executives for President Joe Biden to throw the federal government’s weight behind an industry he once deliberately shunned: U.S. shale.
Canada sanctions Rosneft and Gazprom, nixes Russia trade status
Canada is ratcheting up sanctions on Russia in response to the invasion of Ukraine in coordination with Western allies, unveiling new restrictions on energy companies and steep tariffs on exports.
API letter calls on Biden administration to support American energy leadership
Ahead of Tuesday’s State of the Union Address, API sent a letter to administration officials outlining steps key regulatory agencies should take to ensure long-term American energy leadership and security.
U.S. shale growth faces headwinds on costs and equipment, EOG says
Inflation and brisk competition for the most-sophisticated drilling gear will hinder U.S. oil-supply expansion this year, according to shale giant EOG Resources Inc.
Exxon to build $400 million Wyoming carbon-capture project after delay
Exxon Mobil Corp. reached a final investment decision on expanding a carbon capture facility at LaBarge in Wyoming with the $400 million project expected to start up by 2025.
'These waters are hot': U.S. auction opens offshore wind rush
Now, oil companies that have decades of expertise pulling crude from coastal waters are turning their attention to wind. Oil companies can drill wells that turn up empty, but renewable firms know the wind is there. They just have to harness it.
Chevron targets 5 U.S. well sites in project to curb emissions
Chevron Corp. is looking to show it can lower methane emissions at five oil well sites in Texas and Colorado as part of an industry push into “responsibly sourced” gas.
Biden delays oil permits as gasoline prices surge amid Ukraine crisis
The Biden administration has delayed issuing permits for new oil and gas drilling on federal land, a move that could complicate efforts to tame gasoline prices that are poised to top $4 per gallon amid the Russia-Ukraine conflict.
