NorthAmOil - North America Oil & Gas

Canada proposes curbs on ‘inefficient’ fossil fuel subsidies

The Canadian government on July 24 unveiled a controversial framework for eliminating “inefficient” fossil fuel subsidies.

US gas prices fall 34% in first half of 2023, says EIA

The average monthly spot natural gas price at the US benchmark Henry Hub fell 34%, or $1.12, per million British thermal units (mmBtu) to $2.18/mmBtu between January and June, according to the Energy Information Administration.

TC Energy sells 40% of Columbia Gas, Columbia Gulf to GIP for $5.2bn

TC Energy has entered into an agreement to monetise a 40% interest in its Columbia Gas Transmission and Columbia Gulf Transmission systems.

US energy secretary calls again for additional oil supplies

US Energy Secretary Jennifer Granholm has called again for additional crude supplies because of volatile markets.

US Bureau of Land Management proposes higher costs for leases

The US Bureau of land Management (BLM) is proposing costlier oil and gas leasing on public land to abide by the Inflation Reduction Act (IRA), signed into law in August 2022.

Biden admin mulls new restrictions on Gulf of Mexico due to whales

The American Petroleum Institute (API), EnerGeo Alliance and National Ocean Industries Association (NOIA) are objecting to what they say are the Biden administration’s proposed “baseless” restrictions on energy operations in the Gulf of Mexico.

Chevron sets new quarterly record in Permian

Chevron set a new quarterly record for Permian Basin production, of 772,000 barrels of oil equivalent per day in the second quarter of 2023. It was an 11% increase year on year.

ExxonMobil plans to double LNG production by 2030

ExxonMobil has ambitious plans to produce around 40mn tonnes per year of LNG by the end of the decade, the company’s senior vice-president of LNG marketing, Andrew Barry, told Nikkei Asia on July 19.

Alberta premier: province will not recognise Ottawa’s net-zero mandates

Tensions are still high between Alberta, Canada’s oilpatch, and the federal government over net-zero mandates.

NorthAmOil: Alberta premier says province will not recognise Ottawa’s net-zero mandates

Oklahoma may sue gas marketers over manipulation

Oklahoma may sue natural gas marketers over alleged manipulation during a winter storm that hit the central US in 2021.

Chevron to acquire PDC Energy in $6.3bn deal

Chevron is to acquire PDC Energy in an all-stock deal worth $6.3bn.

ExxonMobil to pay $4.9bn for Denbury, carbon capture and storage company

ExxonMobil will become the largest owner-operator of carbon dioxide (CO2) pipelines in the US with its recently announced $4.9bn purchase of Denbury.