NorthAmOil - North America Oil & Gas
Canadian flip-flopping on LNG leaves Japan, Korea hanging
US positioned to become world’s largest LNG exporter as three more projects look set to be approved
Freeport LNG receives approval for partial restart of two units
Canada’s federal, oilpatch tension still hindering progress on emissions and carbon capture
In Canada, tension between the Alberta and federal governments is still delaying talks on emissions and the carbon capture and storage technology needed to reduce CO2 pollution from the province’s oil and gas sector.
Chevron to deliver eight cargoes of Venezuelan oil to US this month
The US major Chevron is on track to send eight cargoes of Venezuelan crude oil to the US in February, with delivery volumes averaging more than 100,000 barrels per day.
US LNG producer Tellurian reports fourfold increase in production
Shell starts up Vito in US Gulf of Mexico
Shell Offshore has announced that production has started at the Vito floating production facility in the US Gulf of Mexico.
Williams, Chevron to partner on shale and deepwater gas deals
Williams, the midstream gas company, has partnered with supermajor Chevron to aid in the development of the Haynesville shale play and in production from the deepwater US Gulf of Mexico.
INEOS buys $1.4bn of oil and gas assets in Eagle Ford play
INEOS Energy is entering US oil and gas production for the first time with the acquisition of a portion of Chesapeake Energy’s remaining oil and gas assets in the Eagle Ford shale, located in south Texas, for $1.4bn.
India’s GAIL may buy stake in US LNG export facility
GAIL, India’s largest gas distributor, is mulling whether to buy a maximum 26% stake in a US-based project for LNG or a liquefaction plant. This is according to a GAIL document seen by news agencies.
Keyera to start up new Western Canadian condensate pipeline
Canadian midstream player Keyera is in the process of starting up a new natural gas liquids (NGL) and condensate pipeline.
Suncor to reduce 20% contractor work force in 2023
Suncor Energy is targeting a 20% reduction in its contractor workforce in the current year as it deals with inflationary pressures and supply chain issues that are driving costs upwards, according to the company’s interim CEO, Chris Smith.
Fossil fuel consumption subsidies in 2022 were at record high of $1 trillion
According to the International Energy Agency, worldwide subsidies for fossil fuel consumption increased dramatically in 2022, surpassing $1 trillion for the first time.
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