NorthAmOil - North America Oil & Gas
Coastal GasLink to deliver Montney gas by end of 2023
The Coastal GasLink will be completed by the end of December. The line is currently 90% complete, said Coastal GasLink in a press release. TC Energy is the owner.
New Mexico, Alaska regulators fine companies over gas flaring, blowout and leak
New Mexico regulators have levied an unprecedented fine over flaring. The $40.3mn fine, against Ameredev, a Texas E&P, is the highest ever.
Trans Mountain heavy crude initially likely to be exported to US not Asia
Most Canadian crude from the Trans Mountain pipeline expansion (TMX) is likely to be exported to the US West Coast not Asia, analysts and traders have told Reuters.
Tellurian says it will secure equity partners for Driftwood before 2024
US LNG developer Tellurian says it aims to draw in equity partners before year-end for Phase 1 of its proposed Driftwood LNG project planned for the west bank of the Calcasieu River south of Lake Charles, Louisiana.
Permian Basin deals heat up
Dealmaking is heating up in the Permian basin of Texas and New Mexico. Producers are cash-rich and seeking to bolster their reserves, while some are also seeking to rationalise or consolidate their holdings.
ExxonMobil warns drop in profits on natgas prices
Supermajor ExxonMobil has signalled that its profits will be hit hard by weaker prices for natural gas after a record 2022, when Russia’s invasion of Ukraine sent prices soaring and boosted oil and gas earnings to records highs.
ExxonMobil prepares to drill off eastern Canada this month
ExxonMobil is preparing to drill the Gale N-66 well, 365 km off St John’s, Newfoundland, this month.
Patterson-UTI Energy to buy global drill bit company Ulterra from Blackstone
Houston-based Patterson-UTI provides oilfield services and products to oil and natural gas exploration and production companies in the US and other select countries, including contract drilling, pressure pumping and directional drilling services.
ExxonMobil to develop US lithium-rich acreage in Tetra Technologies deal
Oil supermajor ExxonMobil will develop more than 6,100 lithium-rich acres (24.9 square km) in the US with Tetra Technologies, reports Reuters in an exclusive report. The land is in Arkansas.
OPEC+ members plan deeper cuts ahead of meeting
The two top oil producers in OPEC+, Saudi Arabia and Russia, have announced plans to prolong or make additional supply cuts in August as they seek to boost the price of crude.
Gulfstream LNG awarded export approval
The US Department of Energy has granted export approval to Gulfstream LNG, a greenfield LNG export project located in Louisiana currently under development.
Suncor probing cyber attack amid warnings of Russia-aligned hacks on Canada’s oil and gas sector
Suncor Energy is still actively investigating a cybersecurity attack affecting transactions at Petro-Canada retail gasoline stations throughout Canada.
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