NorthAmOil - North America Oil & Gas
Biden administration approves LNG exports from Alaska project
The Biden administration gave the green light on April 13 to exports of LNG from the Alaska LNG project to countries with which the US does not have a free trade agreement. The majority of the LNG produced at the facility would be shipped to Asia.
Cyberattackers may have targeted Canadian gas distribution station
Pro-Russia hackers – purportedly working with a Russian spy agency – claim to have breached a Canadian gas pipeline company. This is according to leaked US documents from the Pentagon.
ExxonMobil has been considering purchase of shale producer Pioneer
ExxonMobil has been eyeing a potential purchase of Pioneer Natural Resources that would make the supermajor the largest player in the Permian Basin.
ConocoPhillips predicts major cash flow gains, up to 5% output growth
ConocoPhillips has said it expects to generate around $115bn in free cash flow for distribution over the next decade while also increasing annual oil and gas output by up to 5%.
Enbridge CEO says pipeline business has robust growth opportunities
Enbridge’s CEO, Greg Ebel, said that the Canadian company’s oil pipeline business has robust opportunities for growth opportunities. He said that oil output in Permian Basin in Texas and New Mexico and Western Canada should continue to expand.
Diamondback eyes selling Permian assets
Diamondback Energy is considering selling non-core assets in the western Permian Basin for as much as $1bn.
Private equity firm NGP considers $7bn Permian sales
NGP Energy Capital Management is reportedly eyeing the sale of two Permian Basin-oriented oil producers.
Oklahoma shuts in 12 disposal wells
Oklahoma regulators have shut in 12 disposal wells in the Arbuckle formation following several recent tremors.
Tellurian seeks Japanese and Indian investment for Driftwood LNG project
US LNG developer Tellurian is holding discussions with Japanese and Indian companies on potential investment in Tellurian’s planned Driftwood LNG terminal, the company’s CEO Octavio Simoes told Nikkei on April 11.
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