NorthAmOil - North America Oil & Gas

NorthAmOil: Exxon aims to become a leading lithium producer for EVs

Exxon aims to become a leading lithium producer for EVs

US supermajor Exxon Mobil's goal is to become a major lithium producer for electric vehicle batteries. Lithium is the major component in today’s EV batteries.

WhiteHawk announces $54mn purchase of core Marcellus gas assets

WhiteHawk Energy has announced the purchase of additional Marcellus Shale natural gas mineral and royalty assets for $54mn.

North America’s LNG export capacity likely to more than double by 2027

North America’s LNG is likely to more than double by 2027, said the US Energy Information Administration (EIA). The agency considers the US, Canada and Mexico to be North America.

Trans Mountain re-starts work on pipeline in British Columbia

Work has resumed after a stoppage on the Trans Mountain oil pipeline expansion in western Canada. The Canada Energy Regulator had ordered owner Trans Mountain to halt work because of environmental and safety issues.

Chevron exploring sale of Haynesville assets in east Texas

Chevron is considering selling all of its Haynesville assets in east Texas. If such a sale of the shale acreage proceeds, the supermajor would indeed be slimming down after agreeing in late October to purchase Hess for $53bn in stock.

Sempra’s Port Arthur LNG terminal faces hurdle as court removes emissions permit

An emissions permit for US energy company Sempra’s Port Arthur LNG facility has been removed by a US Court potentially throwing a spanner in the project’s construction.

US appeals court orders Gulf oil sale to proceed

The US Court of Appeals for the 5th Circuit has ordered the Biden administration to carry out a Gulf of Mexico auction within 37 days.

Pieridae abandons Goldboro LNG project in Nova Scotia

Canadian energy company Pieridae has revealed that it will halt plans to build the Goldboro LNG project in Nova Scotia as the company begins the process of selling its Goldboro subsidiary and its associated assets, permits, and licences.

Shell, BP, Edison request US and EU intervention in dispute with Venture Global

The long-running dispute between Venture Global and its European customers BP, Edison and Shell has seen another escalation with the three European companies requesting intervention from the US-EU Task Force on Energy Security.

US oil majors to continue betting big on oil

“We’re going to recover more oil at a lower cost, which is good for the US economy.” This was according to Exxon Mobil chairman and CEO Darren Woods when asked recently about the supermajor’s planned purchase of Pioneer Natural Resources.

Canada regulator halts work on section of Trans Mountain, WCS-WTI differential is wider amid delays

The Canada Energy Regulator (CER) has ordered Trans Mountain Corp. to halt work on a small section of the Trans Mountain pipeline because of environmental and safety issues in a wetland in British Columbia.

NorthAmOil: Judge rejects legal challenge to ConocoPhillips’ Willow

Judge rejects legal challenge to ConocoPhillips’ Willow

A federal judge has ruled that ConocoPhillips’ vast Willow oil project on the North Slope of Alaska can proceed.

Crescent Point to acquire Montney-oriented Hammerhead for $1.85bn

Crescent Point Energy will acquire Hammerhead Energy, an oil and liquids-rich Alberta Montney producer, for $1.85bn.

BlackRock to invest in Occidental direct air capture project in Texas

Private equity firm BlackRock is to invest in Occidental Petroleum’s direct air capture (DAC) project in Texas, a decarbonisation technology.

Renewable-diesel unit started up at Chevron’s El Segundo refinery

Chevron Lummus Global has finished the conversion and start-up of a diesel hydrotreater for producing renewable fuels at its El Segundo refinery near Los Angeles. The refinery can also still produce conventional diesel.

What is pushing oil price down?

The price of crude oil has fallen 6.6% in the week ending November 10, with Brent closing below $80 a barrel for the first time since July. Only a few months ago analysts were predicting triple-digit prices. Now that looks like a dream.

Kinder Morgan to buy NextEra Energy Partners' south Texas gas pipelines for $1.8bn

Kinder Morgan (KMI), the US pipeline operator, said it will buy NextEra Energy Partners’ gas pipelines in southern Texas, STX Midstream, for $1.82bn. The deal is expected to close in the first quarter of 2024.

What is pushing oil price down?

The price of crude oil has fallen 6.6% in the week ending November 10, with Brent closing below $80 a barrel for the first time since July. Only a few months ago analysts were predicting triple-digit prices. Now that looks like a dream.