Page 1 - NorthAmOil Week 20 2022
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Issue 704 19•May•2022 Week 20
Staying cautious
High oil prices helped shale drillers increase their profits in the first quarter
of the year, but the industry remains cautious amid rising costs.
Deepwater FID
Chevron has taken a final investment decision on the Ballymore project in
the deepwater US Gulf of Mexico.
Record high
The US Energy Information Administration is predicting oil output from the
Permian Basin will hit a record 5.22mn bpd in June.
Preliminary deal
Sempra Energy has signed a heads of agreement with Poland’s PGNiG on the
purchase of 3mn tonnes per year of LNG from two of its projects.
