NorthAmOil - North America Oil & Gas

Canadian Natural says Trans Mountain expansion start-up will be delayed

Canadian Natural Resources expects the Trans Mountain expansion project to be delayed until the second quarter of next year, or even later.

Diamondback, Five Point partner on independent water infrastructure platform in Midland basin

Diamondback Energy and Five Point Energy, a private equity firm, have formed a joint venture, Deep Blue Midland Basin.

Vital Energy expands in Permian

Shale driller Vital Energy has agreed to purchase $1.165bn of assets in the Permian Basin of west Texas and New Mexico.

Freeport LNG’s gas intake cut significantly for four days in a row

The US’s second largest LNG facility Freeport LNG has had its gas intake cut sharply for a fourth day in a row on September 12, according to data from the London Stock Exchange Group (LSEG).

US was world’s top LNG exporter in first half of 2023

The US was the leading exporter of LNG globally in the first half of 2023.

Tellurian shifts to allow non-equity holders of Driftwood to purchase offtake agreements

US LNG developer Tellurian is changing course on financing for its long-delayed Driftwood LNG project planned for the west bank of the Calcasieu River south of Lake Charles in Louisiana.

Chevron buys majority stake in largest green hydrogen storage project

Oil supermajor Chevron has purchased a majority stake in the ACES Delta project in central Utah, which is slated to be the world’s largest green hydrogen storage plant.

Chevron buys majority stake in largest green hydrogen storage project

US senator calls on top oilfield services firms to quit ties with Russia

The head of the US senate foreign relations committee has demanded to know why the US’s top three oilfield services companies continued working in Russia after the conflict began in Ukraine, and called on them to “cease all investments” there.

NorthAmOil: Enbridge to become North America’s largest gas provider with $14bn deal

Biden administration moves to restrict Alaska drilling

The administration of US President Joe Biden has unveiled plans to restrict drilling across a portion of Alaska, while ConocoPhillips is pushing ahead with efforts to develop the Willow project.

Viper expands footprint with $1bn mineral, royalty acquisition

Viper Energy Partners announced this week that it had agreed to acquire certain mineral and royalty interests from affiliates of Warwick Capital Partners and GRP Energy Capital in a cash and stock deal worth over $1bn.

Enbridge to become North America’s largest gas provider with $14bn deal

Canada’s Enbridge has struck a deal to acquire three utilities – East Ohio Gas (EOG), Questar Gas and its related Wexpro companies and Public Service Co. of North Carolina (PSNC) – from Dominion Energy for a combined $14bn.