Page 1 - NorthAmOil Week 13 2022
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Issue 697 31•March•2022 Week 13
SPR again
US President Joe Biden has announced the largest ever release of crude from
the country’s Strategic Petroleum Reserve in a bid to lower oil prices.
Montney deal
Calgary-based Vermilion Energy has agreed to acquire Leucrotta
Exploration in a deal valued at $382mn.
aking up
W
Shell announced on March 29 that it had started production from the
PowerNap project in the US Gulf of Mexico.
Construction kickoff
US-based Tellurian has begun construction on its Driftwood LNG terminal
on Louisiana’s Gulf Coast.
