NorthAmOil - North America Oil & Gas
Ottawa to end further Trans Mountain expansion funding after 70% cost increase
The Canadian government said on February 18 that it was not direct any more public funding to construction of the Trans Mountain pipeline expansion after the project’s costs had risen by 70%.
Petrobras kicks off Gulf stake sale
Brazil’s state-owned Petrobras said on February 16 that it had launched the non-binding phase of a process to sell its 20% stake in MP Gulf of Mexico, a joint venture with the US’ Murphy Oil, which owns the remaining 80%.
Alberta reportedly planning to toughen oil sands emissions standards
The Alberta government is reportedly planning to close a loophole that allowed oil sands miners to claim millions of dollars’ worth of credit for their emissions.
Colgate reportedly considering sale or merger
Private equity-backed Colgate Energy is reportedly considering a sale, as well as continuing to explore the possibility of an initial public offering.
Crescent to buy Uinta Basin assets for $815mn
US independent Crescent Energy announced this week that it had struck a deal to buy assets in the Uinta Basin from Verdun Oil Company II, which were previously owned by EP Energy, for $815mn.
ConocoPhillips supplies Bakken gas to bitcoin miner
US independent ConocoPhillips is supplying natural gas from North Dakota’s Bakken play to a bitcoin mining project, it emerged this week.
NorthAmOil: Alberta reportedly planning to toughen oil sands emissions standards
The provincial government of Alberta is reportedly planning to toughen its greenhouse gas (GHG) emissions standards for oil sands mines.
Bakken Energy, Mitsubishi Power partner with indigenous group on hydrogen
Bakken Energy and Mitsubishi Power Americas have said that they are partnering with the Mandan, Hidatsa, and Arikara (MHA) Nation, an indigenous group, on a clean hydrogen project.
Biden administration pushes on with lease sale plans
The administration of US President Joe Biden is continuing to plan for future federal oil and gas lease sales despite a court ruling in January that invalidated the first lease sale it held.
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