NorthAmOil - North America Oil & Gas
Wildfire nears Canada’s oil sands capital, but winds shifting
A wildfire has approached Canada’s largest oil producing region of Canada prompting the evacuation since May 14 of around 6,600 people from Fort McMurray, in Alberta.
Alleged collusion over US oil prices as FTC doubles down
Chuck Schumer, US Senate majority leader, has again called for the Federal Trade Commission (FTC) to scrutinise more than ever the acquisition by Chevron of Hess.
Kinetic increases capacity in Permian’s Delaware basin
Kinetik Holdings has added to its Delaware basin natural gas processing capacity, inked a 15-year gathering and processing services agreement, and agreed to divest its 16% equity from the Gulf Coast Express (GCX) pipeline.
ExxonMobil to drill deepwater well off Newfoundland
ExxonMobil is preparing to drill a single exploratory well off remote Newfoundland.
Anticipation builds ahead of decisive OPEC+ meeting
Speculation is rife as the group prepares to decide whether or not it should stick to the current 2.2mn bpd of cuts
Vertex will revert Mobil renewables refinery to conventionals
Vertex Energy will temporarily return its renewable-diesel refinery in Alabama back to conventional petroleum-based service by the end of the year. This is because of higher margins in conventional diesel.
EIA slightly lowers WTI forecast for 2024, 2025
The US Energy Information Administration has lowered its oil price forecast for West Texas Intermediate in a recent report.
Trans Mountain specs need changing, say major drillers
Chevron, Canadian Natural Resources and Suncor Energy say that the specifications of the oil transported in the newly opened Trans Mountain pipeline extension are inadequate.
Oil sands output to increase slowly then plateau in 2030 – S&P
Oil sands output is expected to plateau in around 2030 at 3.8mn barrels per day (bpd). Until then, output will increase by a total of 500,000 bpd.
Excelerate Energy reveals expansion plans with 12 new regasification projects
US LNG firm Excelerate Energy has ambitious expansion plans with the firm hoping to add 12 new regasification projects the company revealed during its first quarter earnings call.
Sempra could replace Bechtel for construction of Cameron LNG expansion project
US energy infrastructure firm Sempra is considering replacing construction firm Bechtel for the building of its Cameron LNG expansion project.
Panama Canal seeks to increase transit volumes from US LNG producers
US LNG producers are seeking to increase volumes shipped through the Panama Canal and are currently in the midst of negotiations with the canal’s authorities to secure additional slots.
Sinopec in talks for stake in Canada’s Cedar LNG
China’s state-owned oil, gas and petrochemical giant Sinopec is reported by Reuters to be negotiating for an equity stake and an offtake agreement for LNG at the planned Cedar LNG facility in Kitimat, British Columbia.
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