NorthAmOil - North America Oil & Gas
Fight over Line 5 pipeline intensifies
Enbridge has asked the Canadian government for support in its legal battle with the State of Michigan over the Line 5 pipeline.
Ovintiv reportedly nears Eagle Ford sale
US independent Ovintiv is reportedly at the advanced stage of talks over a potential sale of its acreage in South Texas’ Eagle Ford shale for over $800mn.
Valero, BlackRock join CCS pipeline partnership
US refiner Valero Energy and BlackRock Global Energy & Power Infrastructure Fund III have announced this week that they are partnering with Navigator Energy Services to develop an industrial-scale carbon capture and storage (CCS) pipeline system.
NorthAmOil: US rig counts down but production bouncing back
The US’ active rig count edged down by one last week, according to oilfield services firm Baker Hughes. This marked the first time the US rig count had fallen since November.
Tourmaline CEO sees more oilpatch M&A opportunities
Tourmaline Oil’s CEO, Mike Rose, believes that there are still plenty of oil and gas acquisition targets in Western Canada currently, but warned that this could change if crude prices continue their upward trajectory.
Oil sands maintenance could help prop up oil prices in April
Upcoming maintenance on Canada’s oil sands facilities could help prop up crude prices, which have been rising recently amid tightening supplies, and were bolstered last week by the OPEC+ decision to largely maintain output cuts.
Chevron sets out strategy
Super-major Chevron set out a strategy that will involve a focus on higher returns and lower carbon intensity at its annual investor meeting, held this week.
Follow us online