NorthAmOil - North America Oil & Gas
Ovintiv announces $880mn Eagle Ford sale
Independent producer Ovintiv announced this week that it had struck a deal to sell its assets in the Eagle Ford shale to Validus Energy for $880mn.
US senator calls on Biden to permit diesel swaps with Venezuela
A member of the US Senate has pressed the administration of President Joe Biden to roll back some of the sanctions imposed on Venezuela and its oil industry.
Decarbonisation in the spotlight for oil sands players
Canadian oil sands producers Suncor Energy and Imperial Oil have been in the news in recent days for reasons related to decarbonisation.
Annova LNG scraps export terminal plan
The field of new LNG export terminal proposals continues to thin in the US, with Annova LNG scrapping its project in South Texas this week.
Chevron stops funding for Kitimat LNG
Chevron announced last week that it was stopping directing funding to the proposed Kitimat LNG project on the British Columbia coast in Western Canada.
NorthAmOil: Decarbonisation in the spotlight for oil sands players
Two leading Canadian oil sands producers – Suncor Energy and Imperial Oil – are in the news for reasons related to decarbonisation.
EOG emphasises cautious approach, top-performing wells
US independent EOG Resources has sought to reassure investors that it would only return to growth mode once oil markets are balanced – potentially in 2022.
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.
Shell edges closer to petchem complex completion
Royal Dutch Shell’s petrochemical plant in Pennsylvania is now more than 70% complete, and scheduled for start-up sometime in 2022, the super-major told media last week.
Mountain Valley extension scores legal victory
A proposed extension of the Mountain Valley pipeline, known as the MVP Southgate project, has won a legal victory in the 4th US Circuit Court of Appeals.
US LNG’s resilience during the pandemic
The latest figures from the US Energy Information Administration illustrate the resilience of US LNG during the first months of the COVID-19 pandemic.
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