NorthAmOil - North America Oil & Gas

24 September 2021

Canadian election heightens oil sector concerns

23 September 2021

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

23 September 2021

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

23 September 2021

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

23 September 2021

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.

Laredo snaps up Permian acreage from Pioneer

23 September 2021

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

21 September 2021

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

17 September 2021

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

17 September 2021

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

17 September 2021

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

17 September 2021

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

17 September 2021

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

17 September 2021

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

17 September 2021

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

17 September 2021

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

17 September 2021

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.