NorthAmOil - North America Oil & Gas
Targa to buy Blackstone’s interest in Grand Prix NGL pipeline
Targa Resources will buy Blackstone Energy Partners’ 25% stake in Targa’s Grand Prix NGL Pipeline for $1.05bn in cash.
Hilcorp nets one federal, six state gas tracts in Cook Inlet sale
Hilcorp Alaska, a unit of Hilcorp Energy of Texas, has won a federal exploration lease and six state leases in Cook Inlet, an area of natural gas production for the domestic Alaska market.
EIA reports US proven reserve increases for 2021
According to a new report by the Energy Information Administration, proven reserves of US crude oil and lease condensate increased by 6.2bn barrels (16%), from 38.2bn barrels to 44.4bn barrels as of the end of 2021.
Marathon closes purchase of Ensign’s Eagle Ford assets for $3bn
Marathon Oil has closed the acquisition from Ensign Natural Resources of Eagle Ford shale acreage for $3bn in cash. The deal had been announced in early November.
TC Energy restarts Keystone pipeline Cushing extension following spill
TC Energy has completed repairs, inspections and testing of the ruptured Keystone pipeline Cushing extension and has now proceeded with a controlled restart.
Extreme weather closes Suncor refinery in Colorado until March
Extreme cold weather in the US has knocked Suncor’s refinery offline in Commerce City, Colorado.
Pathways Alliance takes step forward with CCS plan
Canada’s Pathways Alliance has is set to begin evaluating a proposed carbon dioxide storage site after signing an agreement with the provincial government of Alberta.
Japan LNG deals agreed with US, Oman
US government authorises Sempra to re-export gas from LNG terminals on Mexico’s Pacific coast
US-based Sempra Energy recently secured authorisation from the US government to pump natural gas by pipeline to Mexico for re-export as LNG.
ExxonMobil, Chevron unveil plans to raise spending in 2023
US-based super-majors ExxonMobil and Chevron have announced plans to raise their capital expenditures next year.
TC Energy restarts sections of Keystone pipeline following spill
TC Energy has restarted operations in sections of the Keystone pipeline unaffected by the spill of 14,000 barrels in rural northern Kansas. The Canadian company said that it had told regulators and customers of its plan.
Canada ends support for international fossil fuels projects
Canada has ended financial support for international fossil fuel projects, including oil and gas, said the Ottawa government.
Biden administration starts to ban federal buildings from using natural gas
The administration of President Joe Biden is seeking to ban federal buildings from using fossil fuels. Natural gas is typically used for heating and cooking.
Pembina, KKR to sell stake in western Canada gas pipeline
Calgary-based pipeline operator Pembina Pipeline’s joint venture with KKR has agreed to sell its 50% share in the Key Access Pipeline System (KAPS) to Stonepeak Partners for CAD662.5mn ($484.8mn). Stonepeak is a private equity firm.
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