NorthAmOil - North America Oil & Gas
Cape Town refinery to receive rare shipment of US crude
The first US oil shipment to South Africa since 2021 is on its way to the country’s Astron Energy refinery, located in Cape Town, according to tracking data provided by energy data provider Kpler and Refinitiv Eikon.
Agreement puts Canada's Condor Energies on path to stepping up gas production in Uzbekistan
ExxonMobil says IEA's 2050 net zero emissions scenario “unlikely”
Oil supermajor ExxonMobil has said that a scenario of net-zero emissions by 2050 globally is “unlikely”. The comment came in a filing to the US Securities and Exchange Commission (SEC) in response to a proxy advisor.
Chevron to buy shale firm PDC for $7.6bn
Chevron has agreed to buy the shale firm PDC Energy in an all-stock transaction that is valued at $6.3bn, or $72 per share. The total enterprise value of the transaction, including debt, is $7.6bn.
Western Midstream to sanction new cryogenic plant in Delaware basin
Western Midstream Partners (WES) has announced the sanctioning of a new cryogenic processing plant in the North Loving area of cryogenic processing plant with a capacity of 7.1mn cubic metres per day in North Loving, West Texas.
Biden administration invests $251mn in carbon capture and storage
The Biden administration has announced $251mn in funds for carbon capture and storage (CCS) projects in seven states, including a large project by oil supermajor BP.
Chord Energy to purchase Williston Basin assets for $375mn from ExxonMobil subsidiary
A Chord Energy subsidiary has agreed to buy acreage in the Williston shale basin of North Dakota from ExxonMobil’s subsidiary XTO Energy and affiliates.
Energy Transfer criticises US denial of Lake Charles LNG extension
US midstream company Energy Transfer has denounced the Department of Energy’s decision to deny an export permit extension for the pipeline operator’s Louisiana LNG export project in a filing on May 22.
Report: US Gulf of Mexico oil production leads globally with lowest emissions intensity
The greenhouse gas intensity of US oil production, particularly in the US Gulf of Mexico, is significantly lower compared to most other regions around the world.
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