NorthAmOil - North America Oil & Gas

EQT buying Chevron’s Appalachian assets

EQT announced this week that it had agreed to buy Chevron’s assets in the gas-rich Appalachian Basin for $735mn.

Engie stalls $7bn US LNG deal after government pressure

France’s Engie has reportedly delayed signing a $7bn contract to buy US LNG from NextDecade following pressure from the French government.

NRG: Time for guarded optimism

Services giants post third-quarter losses

The US’ largest oilfield services firms, Schlumberger, Halliburton and Baker Hughes, have all reported a further set of losses for the third quarter of 2020.

Kinder Morgan receives green light to start Acadiana construction

Kinder Morgan has received permission from the US Federal Energy Regulatory Commission (FERC) to begin construction on the Acadiana natural gas expansion project in Louisiana.

ConocoPhillips sets net-zero emissions goal

ConocoPhillips, the largest independent US oil and gas producer, has unveiled a goal of net-zero greenhouse gas (GHG) emissions from its operations by 2050.

Merit SI completes solar plant for Enbridge compressor station

Houston-based sustainable infrastructure company Merit SI announced last week that it had completed construction on a solar power plant that will directly help power a compressor station on a natural gas pipeline.

Ottawa approves Nova Gas Transmission expansion

The Canadian government has approved a CAD2.3bn ($1.7bn) expansion of the Alberta portion of TC Energy’s Nova Gas Transmission Ltd (NGTL) gas-gathering and transportation system.

US oil and gas M&A activity gains momentum

Two further major M&A deals involving US oil producers have been confirmed over the past week as consolidation picks up.