NorthAmOil - North America Oil & Gas
Opposition mounts to Tilbury LNG expansion
Canadian election heightens oil sector concerns
The re-election of the Liberal Party has deepened the oil and gas sector’s uncertainty about the future.
GAC acquires second Alberta SAGD project
Greenfire Acquisition Corp. (GAC) has successfully acquired its second steam-assisted gravity drainage (SAGD) oil sands project in northern Alberta.
Shell aims to wrap up US Gulf repairs this year
Royal Dutch Shell has said it expects to resume production from some of its assets in the Mars corridor of the US Gulf of Mexico this year.
First Nations enter LNG NL project
First Nation groups from Canada’s eastern Newfoundland and Labrador Province have announced plans to invest in a local liquefied natural gas that will target the European market.
US manufacturers call for restrictions on LNG exports
Laredo snaps up Permian acreage from Pioneer
Laredo Petroleum has signed of a sale and purchase agreement (SPA) to acquire around 20,000 net acres (80.94 square km) in the Permian Basin from Pioneer Natural Resources.
NorthAmOil: ConocoPhillips snaps up Shell’s Permian assets
Royal Dutch Shell has agreed to sell its portfolio of shale assets in the US’ Permian Basin to ConocoPhillips for $9.5bn in cash.
Gulf Coast refiners make progress on restarts, damage assessments from Ida
Refiners on the US Gulf Coast have continued to assess the damage from Hurricane Ida – which hit the region at the end of August – and will make repairs and bring facilities back online.
Chevron to more than triple low-carbon investments
Super-major Chevron will more than triple its planned spending on lower-carbon energy to $10bn by 2028, but is not yet ready to adopt a net-zero target.
Diamondback accelerates stock buyback programme
Shale driller Diamondback Energy announced this week that it had accelerated plans to return 50% of its free cash flow to shareholders, bringing them forward to the fourth quarter of this year.
Suncor partners with indigenous groups to buy Northern Courier stake
Canada’s Suncor Energy announced this week that it had signed agreements with eight indigenous communities to acquire all of TC Energy’s 15% equity interest in the Northern Courier Pipeline Limited Partnership in Alberta.
FortisBC scales back Tilbury LNG expansion plan
Canada’s FortisBC has filed a detailed project description for the Phase 2 expansion at its small-scale Tilbury LNG facility with regulatory authorities, scaling back capacity from prior plans.
Morgan Stanley warns of further gas, LNG price volatility risk
Investment bank Morgan Stanley warned this week that low inventories and the imminent arrival of the winter heating season leave room for further upside volatility for gas and LNG prices.
Investment firm Warwick buying Eagle Ford assets for $450mn
Warwick Investment Group announced this week that it had agreed to buy operated oil and gas assets in the Eagle Ford shale play from privately owned Rosewood Resources for around $450mn.
New Fortress battles to advance LNG plans
New Fortress Energy is running into regulatory issues and environmental opposition to its LNG plans in both the US and Puerto Rico.
NGTL updates Canadian regulator on West Path expansion
Nova Gas Transmission Ltd, a subsidiary of Canada’s TC Energy, has told regulators that shipper contracts still support the latest phase of its West Path expansion plans despite increasingly ambitious emissions reduction goals.
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