NorthAmOil - North America Oil & Gas

9 April 2021

USTR report voices concern about challenges faced by US companies in Mexico

8 April 2021

The Office of the US Trade Representative (USTR) said in a report that Washington was concerned about the increasing number of obstacles facing US-based investors seeking a foothold in Mexico’s oil and gas industry.

Pioneer strikes another Permian mega-deal

8 April 2021

Shale producer Pioneer Natural Resources is consolidating its leading position in the Permian Basin through another major acquisition.

Sempra to sell infrastructure unit stake to KKR for $3.4bn

8 April 2021

US-based Sempra Energy said this week that it had agreed to sell a 20% interest in its Sempra Infrastructure Partners unit to global investment firm KKR for $3.37bn in cash.

Whitecap agrees to buy Kicking Horse for $238mn

8 April 2021

Canada’s Whitecap Resources announced this week that it had struck a deal to acquire Kicking Horse Oil & Gas for CAD300mn ($238mn) in cash and shares. The acquisition is aimed at enhancing Whitecap’s position in the Montney play.

NorthAmOil: Another mega-deal for Pioneer

6 April 2021

Pioneer Natural Resources announced last week that it had struck a deal to buy DoublePoint Energy for $6.4bn in cash and stock.

ConocoPhillips expects higher output, profit hit in first quarter

1 April 2021

ConocoPhillips, the US’ largest independent oil and gas company, released a preliminary update on its upcoming first-quarter results this week.

Canada’s Supreme Court upholds federal carbon tax

1 April 2021

The Supreme Court of Canada has ruled that the federal government can impose a country-wide carbon tax despite legal challenges from three provinces.

NextDecade partnering with Occidental on CO2 offtake, storage

1 April 2021

NextDecade announced last week that it had signed a term sheet with Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental Petroleum, for the offtake and storage of carbon dioxide (CO2) from the planned Rio Grande LNG project in Texas.

Callon sets new ESG targets

1 April 2021

US independent producer Callon Petroleum has unveiled a new set of environmental, social and governance (ESG) targets, including a 40-50% reduction in greenhouse gas emissions intensity by 2025.