Page 1 - NorthAmOil Week 31 2022
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Issue 715 04•August•2022 Week 31
Canadian consolidation
Privately owned Strathcona Resources is reportedly acquiring Serafina
Energy for $1.8bn, which would represent its largest deal to date.
Focusing on returns
Occidental Petroleum intends to use its proceeds to pay off debt and increase
cash distribution to shareholders rather than upstream expansion.
New exploration
Equinor is continuing exploration work off Canada’s Newfoundland and
Labrador, having recently completed an appraisal well in the area.
Back to work
A US regulator this week gave approval for Freeport LNG to partially resume
operations following an explosion and a fire in June.
