NorthAmOil - North America Oil & Gas
The US Federal Energy Regulatory Commission (FERC) has granted Trans-Foreland Pipeline, a unit of Marathon Petroleum, more time to convert the mothballed Kenai LNG export terminal in Alaska to imports.
The oil and gas industry is assessing the impact of the Inflation Reduction Act, which has been signed into law by US President Joe Biden.
Canada’s Enbridge has won a victory in its ongoing battle with the State of Michigan to keep its Line 5 pipeline operating after a judge rejected Michigan’s bid to move jurisdiction over the lawsuit to a state court.
Audubon Engineering announced on August 17 that it had been awarded a contract by LLOG Exploration Offshore to support the Salamanca floating production system (FPS) project in the US Gulf of Mexico.
The Canadian government is exploring options for how to deal with tailings ponds in northern Alberta. And this week, the country’s oil sands industry outlined proposals to release treated water from the tailings ponds into the Athabasca River.
Australia’s Santos announced this week that it had taken a final investment decision on Phase 1 of the Pikka oil project on Alaska’s North Slope.
Phillips 66 announced this week that it had made a non-binding offer to acquire all publicly owned common units of pipeline operator DCP Midstream.
UK-based Centrica has signed a heads of agreement to buy 1mn tonnes per year of LNG from the US’ Delfin Midstream.
ExxonMobil is reportedly considering expanding its trading operations globally amid elevated commodity prices.
The US Gulf of Mexico is reported to have been hit by infrastructure outages. A leak at a booster station in Louisiana is reported to have led to operations on two oil pipelines being suspended.
Privately owned Freeport LNG is reported to have retracted the force majeure it had declared after an explosion at the liquefaction and export facility in June.
Alberta’s oil production hit a new record of 3.6mn barrels per day (bpd) on average in the first half of 2022, according to a new report from ATB Economics.
UK-based Centrica has signed a heads of agreement (HoA) to buy 1mn tonnes per year (tpy) of LNG from the US’ Delfin Midstream.
Following a blaze that has destroyed at least 40% of the Matanzas Supertanker Base, Cuba stands to run low on power plant fuel. The consequences could lead the US to reconsider sanctions policy.