NorthAmOil - North America Oil & Gas

LLOG announces first output from Spruance

PetroChina reportedly weighing exit from Australia, Canada

State-owned PetroChina is reported to be considering exiting its investments in Australia and Canada in a bid to divert funds to more profitable opportunities elsewhere.

Questions and accusations plague St. Croix Refinery auction

NorthAmOil: Resource boost and refinery confusion

Hibernia receives major resource boost

Amid US push, France calls on oil producers to increase output

Cheniere, Venture Global make LNG progress as Chevron becomes buyer

The US LNG industry continues to take strides forward, with Cheniere Energy announcing an FID on its Corpus Christi expansion, while Chevron has struck deals to buy LNG from both Cheniere and Venture Global.

Percussion reportedly puts Permian Basin acreage up for sale

Private equity-backed Percussion Petroleum II is reportedly seeking buyers for acreage in the prolific Permian Basin that could be worth up to $1.5bn.

Canada’s Parliamentary Budget Officer: Trans Mountain pipeline no longer profitable

The Canadian government-owned Trans Mountain oil pipeline is no longer profitable as a result of cost overruns and delays to its expansion project, according to a report released on June 22 by the country’s Parliamentary Budget Officer.

Biden calls for three-month suspension of federal gasoline, diesel taxes

US President Joe Biden this week called for Congress to suspend federal gasoline and diesel taxes for three months amid soaring average gasoline prices that have reached close to $5 per gallon ($1.32 per litre) on a nationwide basis.

US, Canada and allies discuss price cap on Russian oil

The US has held talks with Canada and other allies to consider imposing a price cap on Russian oil in the latest attempt to limit Moscow’s energy revenue amid the ongoing war in Ukraine.