NorthAmOil - North America Oil & Gas
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.
Shale producer Pioneer Natural Resources is consolidating its leading position in the Permian Basin through another major acquisition.
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.
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.
Pioneer Natural Resources announced last week that it had struck a deal to buy DoublePoint Energy for $6.4bn in cash and stock.
ConocoPhillips, the US’ largest independent oil and gas company, released a preliminary update on its upcoming first-quarter results this week.
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 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.
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.