NorthAmOil - North America Oil & Gas

Valero to switch all fuel exports to Mexico away from cross-border rail

US-based Valero is looking to gain more control over its fuel transportation and distribution routes in Mexico, a company representative said last week.

US LNG in pursuit of competitive edge

Last week’s CERAWeek by IHS Markit conference heard how current and future producers of US LNG are trying to get ahead of the global competition.

Chevron continues Noble consolidation with midstream deal

Chevron has struck an agreement to acquire all the outstanding shares of Noble Midstream Partners that it does not already own.

NorthAmOil: Chevron to acquire remainder of Noble Midstream

Chevron has struck an agreement to acquire all the outstanding shares of Noble Midstream Partners that it does not already own.

OPEC+ largely maintains cuts with new deal

Chevron invests in energy transition initiatives

Super-major Chevron announced a series of moves and investments related to the energy transition over the past week.

Regulators ban fracking in Delaware River watershed

The Delaware River Basin Commission (DRBC) voted to permanently ban hydraulic fracturing last week, asserting that shale gas development near the waterway, which supplies drinking water for more than 13mn people, would pose an unacceptable risk.

EOG beats profit estimates for fourth quarter

Shale producer EOG Resources has reported a net profit of $337mn for the fourth quarter of 2020, down from a profit of $637mn in the same quarter of 2019 but up from a loss of $43mn in the third quarter of 2020.

ExxonMobil to focus on “advantaged” projects, boosting shareholder value

Super-major ExxonMobil has outlined its priorities between now and 2025 – boosting cash flow and earnings, increasing its dividend, reducing debt and funding “advantaged” projects.

CNRL posts fourth-quarter profit, reports Keystone XL charge

Canadian Natural Resources Ltd (CNRL) posted a net profit of CAD749mn ($592mn) for the fourth quarter of 2020, but reported a charge related to the Keystone XL pipeline.

Venezuelan sanctions to stay in place

A White House official has indicated that the Biden administration will not make any major changes with respect to Venezuelan sanctions in the near future.