NorthAmOil - North America Oil & Gas
Chesapeake launches $1bn worth of stock buybacks
Shale producer Chesapeake Energy has authorised the repurchase of up to $1bn of its stock. The move is the latest to illustrate the focus on shareholder returns among shale drillers.
Chevron unveils 2022 capex budget of $15bn
Chevron has unveiled a capital expenditure and exploratory budget of $15bn for 2022.
CFIUS delays Shell’s sale of refinery to Pemex
Shell's Deer Park refinery is not likely to be transferred to Mexicos' Pemex by year-end as anticipated, as CFIUS has delayed approval.
ExxonMobil steps up emissions-cutting plans in medium-term corporate strategy
ExxonMobil announced this week that it had finalised its corporate plans until 2027. The plans envisage the super-major doubling its earnings and cash flow by 2027 compared with 2019 levels while stepping up emissions reductions.
Biden administration proposes changes to federal leasing programme
The administration of US President Joe Biden has published the findings of its review of the country’s federal oil and gas leasing programme.
Cenovus announces nearly $515mn of asset sales
Canada’s Cenovus Energy has reached separate agreements to sell nearly CAD660mn ($515mn) worth of upstream and downstream assets.
Shell completes $9.5bn Permian sale to ConocoPhillips
A subsidiary of Royal Dutch Shell has completed the sale of its Permian Basin business to ConocoPhillips for $9.5bn in cash.
Enbridge fights pipeline battles on two fronts
The Canada Energy Regulator rejected pipeline operator Enbridge’s proposal to change how it allocates capacity on its Mainline system this week, while a separate dispute over its Line 5 continues in Michigan.
NorthAmOil: Canadian regulator rejects Enbridge’s Mainline contracting plan
The Canada Energy Regulator (CER) has rejected Enbridge’s proposal to change how it allocates capacity on its Mainline system.
TC Energy seeks damages for Keystone XL cancellation
Canada’s TC Energy is seeking to recoup more than $15bn in damages from the US government for the withdrawal of the cross-border permit for its Keystone XL oil pipeline, which effectively killed off the project.
Paloma to buy Goodrich for $480mn
A subsidiary of privately owned Paloma Partners has struck a deal to acquire Goodrich Petroleum for around $480mn.
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