NorthAmOil - North America Oil & Gas

US regulators approve request to convert Kenai LNG plant to imports

The US Federal Energy Regulatory Commission (FERC) approved a proposal in the second half of December to convert the mothballed Kenai LNG export facility in Alaska to imports on a limited basis.

Shale consolidation continues over Christmas with Diamondback deals

Consolidation of the US shale industry continued over the 2020-21 festive season, with Diamondback Energy announcing on December 21 that it had struck separate deals to acquire QEP Resources and all assets of Guidon Operating.

Georgia Senate runoff a game-changer for Biden

The Democrats’ double victory in Georgia’s runoff election narrowly hands them control of the Senate, making it significantly easier for US President-elect Joe Biden to proceed with his legislative agenda.

Port of Corpus Christi approves oil export terminal plan

The Port of Corpus Christi on the Texas Gulf Coast finalised leasing and pipeline easement agreements in the second half of December for a proposed deepwater crude export terminal.

Kinder Morgan starts up Permian Highway pipeline

Kinder Morgan announced this week that its Permian Highway gas pipeline had entered full commercial service on January 1.

OPEC+ allows Kazakhstan to raise output by 10,000 bpd in Feb and March

A long, strange year: 2020 in review

NewsBase’s editors are marking the start of 2021 with a review of how each of the regions covered by our organisation was affected by the events of the past 12 months.

NRG: Energy markets edge cautiously into a new year

Concerns about energy demand and OPEC+ production quotas continue to exert pressure on oil prices, despite the debut of the COVID-19 vaccine

Texas players make midstream moves

Several separate midstream developments have been reported in Texas in the past few days, focused on natural gas gathering and transmission.

BP buys majority stake in leading US carbon offset player

Super-major BP has acquired a majority stake in Finite Carbon, the largest developer of forest carbon offsets in the US.

Another step forward for New Jersey LNG-by-rail project

The Delaware River Basin Commission (DRBC) voted last week to approve a permit for construction of Delaware River Partners’ LNG export terminal in Gibbstown, New Jersey.

Trudeau steps up decarbonisation efforts

Canadian Prime Minister Justin Trudeau has unveiled a decarbonisation plan that will see the carbon tax gradually rise over the coming decade, with implications for the oil industry.

Parsley prepares to lay off staff as part of merger

Parsley Energy will lay off most of its Austin, Texas workforce as part of its takeover by Pioneer Natural Resources.