NorthAmOil - North America Oil & Gas

Kerry challenges oil industry to prove carbon capture and storage

US climate envoy John Kerry has challenged the oil industry to show that it can use carbon capture and storage within enough time to help ward off climate change.

NorthAmOil: Kerry challenges oil industry to prove carbon capture and storage

Wildfires still rage in Alberta, with new outages reported

Wildfires in Alberta have resurged, with some companies reporting new outages while other say they have restored production.

US Department of Energy soliciting bids to replenish Strategic Petroleum Reserve

The US Department of Energy is soliciting bids for 3mn barrels of oil to replenish Strategic Petroleum Reserve. Awards are to be issued in June, with deliveries set for August.

ONEOK to purchase Magellan Midstream for $18.8bn

ONEOK has agreed to merge with Magellan Midstream Partners in a cash-and-stock transaction valued at approximately $18.8bn including assumed debt of around $5bn.

Biden approves key permit for Mountain Valley gas pipeline

The administration of President Joe Biden has approved a key permit for the Mountain Valley gas pipeline, providing the $6.6bn project momentum.

Alaska LNG project clears legal hurdle over climate concerns

Alaska LNG took another step forward on May 16 when a US appeals court rejected a lawsuit brought forward by environmental groups challenging the federal approvals needed for the construction of the $39bn project to move ahead.

Cheniere and KOSPO sign long-term LNG sale and purchase deal

Cheniere Energy revealed on May 16 that its subsidiary Cheniere Marketing International has made a long-term LNG sale and purchase agreement with Korea Southern Power Co. (KOSPO).

Vital Energy expands Permian footprint with $540mn purchase

Vital Energy has agreed to acquire the assets of Forge Energy II Delaware, an EnCap portfolio company, further expanding Vital’s Permian Basin focus and establishing a core operating position in the Delaware Basin.

Retired US admiral warns international community will have to respond to Iran seizing tankers

Tehran grabs three vessels in 19 days from Gulf waters.