NorthAmOil - North America Oil & Gas
Bill advances to prevent China buying oil from US emergency stockpile as Sino-American tensions continue
The US House of Representatives has passed a bill to stop China from buying oil from the US’s Strategic Petroleum Reserve
Chesapeake Energy to sell Eagle Ford assets to WildFire Energy for $1.425bn
Chesapeake Energy has announced that it will sell the Brazos Valley region of its Eagle Ford asset to WildFire Energy for $1.425bn. Chesapeake expects the transaction to close in the first quarter of 2023.
Federal regulators approve Transco gas pipeline expansion, appeal likely
The Federal Energy Regulatory Commission has approved Transcontinental Gas Pipe Line’s Regional Energy Access expansion project in the north-eastern US.
BP ups oil production in deepwater Gulf of Mexico
Oil supermajor BP has doubled oil production from the deepwater 15-year-old Thunder Horse project in the Gulf of Mexico. Production, for the first time in over a year, has been increased to more than barrels of oil equivalent per day.
Venture Global’s proposed expansion of LNG export terminal receives preliminary environmental OK
Venture Global’s proposed expansion of an under-construction LNG export terminal in Louisiana has received preliminary environmental approval from regulators at the Federal Energy Regulatory Commission.
ExxonMobil prepares to launch $2bn refinery expansion in Texas
ExxonMobil will soon launch a $2bn refinery expansion in Beaumont, on the Gulf Coast of Texas, reports Reuters.
British Columbia and First Nations reach Montney deal
British Columbia (BC) in Canada has announced a land, water and resource management agreement with the Blueberry River First Nations Indigenous group for the Montney shale play.
US-Venezuela relations appear to be shifting
US-Venezuelan ties have moved in a positive direction since late December, and recent developments may signal additional progress.
ConocoPhillips reportedly open to exploring deal for selling Venezuelan crude oil in US
ConocoPhillips is open to exploring a deal to sell Venezuelan oil in the US, sources familiar with the matter have confirmed.
IEA expects an inflection in oil markets in 2023 when demand will exceed supply
The International Energy Agency reports that oil demand this year will grow by 1.9mn bpd, to a record 101.7mn bpd, and supply by 1mn bpd, to 101.1mn bpd, in its first monthly report for 2023 released on January 18.
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