Page 1 - NorthAmOil Week 46 2021
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Issue 680 18•November•2021 Week 46
Seeking allies
The US wants to co-ordinate with major Asian crude buyers to oversee the
release of strategic reserves in order to bring prices down.
Pipeline disruptions
Heavy rain and flooding disrupted oil and gas pipeline operations in Western
Canada this week, taking pipelines including Trans Mountain offline.
Lease sale
The Biden administration’s first Gulf of Mexico lease sale attracted $191.7mn
in high bids for 308 blocks, marking the most active lease sale since 2014.
Project updates
Freeport LNG is partnering with Talos Energy to develop a carbon capture
and storage facility, while a 25.7% stake in the plant is changing hands.
