NorthAmOil - North America Oil & Gas

PTT delays FID on Ohio cracker but reiterates commitment

A US subsidiary of Thailand’s PTT has reportedly delayed a final investment decision on a proposed petrochemical project in Ohio.

Canada forecast to see 2021 drilling rebound after 2020 lows

Data from the Canadian Association of Oilwell Drilling Contractors show that 2020 will be the worst year on record for drilling in the country, but the group forecasts a slight rebound in 2021.

Finally, an FID for ECA LNG

ECA LNG, Sempra’s joint venture with its Mexican subsidiary IEnova, has become the first party to push an LNG export project to the FID stage since the beginning of 2020.

Ovintiv reportedly puts Eagle Ford assets up for sale

Denver-based Ovintiv – which was formerly based in Calgary and known as Encana – has reportedly put its assets in the Eagle Ford shale up for sale.

Gulfport files for bankruptcy protection

Shale gas producer Gulfport Energy has filed for Chapter 11 bankruptcy protection, joining the growing list of bankruptcies that have resulted from this year’s industry downturn.

Tellurian reportedly in supply talks with Asian buyers

US-based Tellurian is reportedly in talks with unidentified Asian buyers to sell almost half of its output from its proposed Driftwood LNG terminal on the Gulf Coast.

CCS technology gains momentum

NRG: Fading optimism

Enbridge sets net-zero emissions target

Calgary-based Enbridge has joined the growing list of energy companies to adopt a target of net-zero greenhouse gas (GHG) emissions.

Cenovus to sell Marten Hills oil assets in Alberta

Cenovus Energy announced this week that it had struck a deal to sell its Marten Hills oil assets in northern Alberta to Headwater Exploration for cash and common share equity consideration of around CAD100mn ($76mn) in total.

Oil and gas industry starts preparing for Biden presidency

Joe Biden’s apparent victory in the US presidential election has implications for the oil and gas industry.

Occidental posts larger-than-expected loss, sets net-zero target

Occidental Petroleum has reported a net loss of $3.8bn, or $4.07 per diluted share, for the third quarter of 2020, and has also unveiled a target of net-zero greenhouse gas emissions, including Scope 3 emissions from its customers.

Latin America experts see Biden pushing Mexico on US energy investments

Several Latin America observers have speculated that US President-elect Joe Biden may push harder than the incumbent Donald Trump to uphold the interests of US companies seeking to invest in Mexico’s energy sector.