North America ///

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.

Buffett dives deeper into Occidental with share purchases

Warren Buffett’s Berkshire Hathaway Inc. snapped up 18.1 million additional shares of Occidental Petroleum Corp., giving the conglomerate a 14.6% stake in the oil giant.

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.

The last barrel: The Trifecta for U.S. gas producers

Craig Fleming

The abundant supply of natural gas in the U.S is starting to pay dividends, in spades. The U.S. became the world’s number-one exporter of liquefied natural gas for the first time ever in December.

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.

2022 Forecast: U.S. activity to jump as oil prices surge, companies adjust to energy transition

Craig Fleming, Kurt Abraham

Despite higher oil prices, U.S. shale operators have (until recently) resisted ramping-up drilling activity and remained disciplined with capital expenditures.

Diamondback Energy to maintain ‘flat’ Permian oil production

Diamondback Energy Inc. Chairman and CEO Travis Stice said the shale driller will maintain flat production in the Permian Basin this year.

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