NorthAmOil - North America Oil & Gas
USTR report voices concern about challenges faced by US companies in Mexico
The Office of the US Trade Representative (USTR) said in a report that Washington was concerned about the increasing number of obstacles facing US-based investors seeking a foothold in Mexico’s oil and gas industry.
Pioneer strikes another Permian mega-deal
Shale producer Pioneer Natural Resources is consolidating its leading position in the Permian Basin through another major acquisition.
Sempra to sell infrastructure unit stake to KKR for $3.4bn
US-based Sempra Energy said this week that it had agreed to sell a 20% interest in its Sempra Infrastructure Partners unit to global investment firm KKR for $3.37bn in cash.
Whitecap agrees to buy Kicking Horse for $238mn
Canada’s Whitecap Resources announced this week that it had struck a deal to acquire Kicking Horse Oil & Gas for CAD300mn ($238mn) in cash and shares. The acquisition is aimed at enhancing Whitecap’s position in the Montney play.
NorthAmOil: Another mega-deal for Pioneer
Pioneer Natural Resources announced last week that it had struck a deal to buy DoublePoint Energy for $6.4bn in cash and stock.
ConocoPhillips expects higher output, profit hit in first quarter
ConocoPhillips, the US’ largest independent oil and gas company, released a preliminary update on its upcoming first-quarter results this week.
Canada’s Supreme Court upholds federal carbon tax
The Supreme Court of Canada has ruled that the federal government can impose a country-wide carbon tax despite legal challenges from three provinces.
NextDecade partnering with Occidental on CO2 offtake, storage
NextDecade announced last week that it had signed a term sheet with Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental Petroleum, for the offtake and storage of carbon dioxide (CO2) from the planned Rio Grande LNG project in Texas.
Callon sets new ESG targets
US independent producer Callon Petroleum has unveiled a new set of environmental, social and governance (ESG) targets, including a 40-50% reduction in greenhouse gas emissions intensity by 2025.
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