NorthAmOil - North America Oil & Gas

Cheniere reportedly loads commissioning cargo from Corpus Christi Train 3

Leading US LNG exporter Cheniere Energy has reportedly loaded the commissioning cargo from the third liquefaction train at its Corpus Christi terminal in Texas.

Tough times for Alberta

Alberta’s oil producers are battling to survive a particularly challenging year, and the province is now considering ways to embrace greener industries, with implications for the provincial oil industry’s future.

Whitecap buying Torc for $442mn

Canada’s Whitecap Resources announced this week that it had struck a deal to acquire Torc Oil & Gas in an all-stock deal valued at around CAD565mn ($442mn).

Newfoundland and Labrador government offers lifeline to West White Rose

The government of the Canadian province of Newfoundland and Labrador announced last week that it would provide CAD41.5mn ($32.4mn) worth of funding for Husky Energy’s stalled West White Rose project.

88 Energy prepares to drill at Project Peregrine following farm-out

Australia-based 88 Energy is making progress with its Project Peregrine development in the National Petroleum Reserve-Alaska (NPR-A) on the state’s North Slope.

NRG: Oil market strategising

Policy decisions made this past week will have both long and short-term ramifications for the wider energy sector.

Chevron follows ExxonMobil in capex cut

Chevron followed rival super-major ExxonMobil in announcing a cut to its capital expenditure budget last week.

Despite friction, OPEC+ reaches output compromise

Maverick acquires FourPoint in all-equity deal

Maverick Natural Resources announced this week that it had acquired FourPoint Energy, the largest producer in the Western Anadarko Basin, spanning Oklahoma and Texas.

Fight over Enbridge’s Line 5 intensifies as Line 3 replacement receives final permit

The fight over Enbridge’s Line 5 has intensified in recent weeks, with Enbridge filing a legal challenge against a Michigan order to shut down the pipeline as a review of its proposed tunnel under the Straits of Mackinac is extended.

Suncor raises spending, production guidance for 2021

Suncor Energy, like fellow major Canadian producer Imperial Oil, Suncor is cautiously planning to raise capex and production next year.