NorthAmOil - North America Oil & Gas
Gulf Coast braces for Hurricane Laura
Offshore oil and gas producers in the US Gulf of Mexico – as well as refiners on the coast – have suspended operations as Tropical Storm Laura strengthened into a hurricane and made its approach.
ExxonMobil dropped from Dow
Super-major ExxonMobil will be dropped from the Dow Jones Industrial Average (DJIA) prior to the start of trading on August 31.
US rig count rises for first time since March
The US’ active oil and gas rig count rose in the week up to August 21 according to oilfield services firm Baker Hughes, marking the first increase in 24 weeks, or since early March.
NRG: Looking to the future
Although rattled by the international oil and gas price collapse, governments and investors continue to press forward – either through new legislation or new projects
US firms sign Iraq energy deals
Panama Canal marks Neopanamax transit milestone
The SK Resolute LNG carrier completed a transit last week that marked the 10,000th journey by a Neopanamax vessel through the Panama Canal since its expansion.
Cheniere’s Midship subsidiary requests extension to complete pipeline
Midship Pipeline, a subsidiary of US LNG exporter Cheniere Energy, has asked the Federal Energy Regulatory Commission for an extension until December 2022 to complete its natural gas pipeline.
Petronet reportedly considering scaling back Tellurian investment
India’s Petronet LNG is reportedly considering scaling back a proposed investment in US-based Tellurian’s Driftwood LNG project, which had previously been pegged at around $2.5bn.
Canada Energy Regulator forecasts 6.6% decline in country’s production
The Canada Energy Regulator has forecast that the country’s oil production will average 4.38mn barrels per day over the whole of 2020, which would mark a 6.6% year-on-year decline on 2019.
Chaparral enters bankruptcy protection for second time
Shale driller Chaparral Energy has joined the ranks of US oil and gas producers filing for Chapter 11 bankruptcy protection.
Southwestern buys Montage to expand in Appalachia
Southwestern Energy has agreed to buy Montage Resources in the latest sign of an uptick in US oil and gas mergers and acquisitions. Southwestern will acquire Montage in an all-stock transaction valued at more than $200mn.
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