NorthAmOil - North America Oil & Gas
Biden reportedly weighs stricter climate rules for new LNG exports
The Biden administration is reviewing the climate criteria for approval of new or expanded LNG export facilities, according to reports.
Chesapeake to buy Southwestern for $7.4bn
Chesapeake Energy will buy Southwestern Energy in an all-stock transaction worth $7.4bn, making Chesapeake the largest US natural gas producer overtaking EQT Corp.
Exxon Mobil, Chevron to take up to $6.6bn in write-downs
ExxonMobil and Chevron – the two largest US oil companies – are taking multi-billion-dollar impairment charges to assets in the fourth quarter. This is in large part because of problems in California, they said.
US oil production still climbing despite drilling slowdown
US oil production will reach new highs in 2024 and 2025, forecasts the US government. That is although drilling is slowing down and some fear that the shale revolution is dimming.
APA to acquire Callon Petroleum for $4.5bn
APA Corp. will buy Callon Petroleum Co., a Permian Basin shale oil driller, for $2.6bn. APA says it will retire Callon’s $1.9bn in debt, giving the all-stock transaction a value of around $4.5bn.
Lobbying under way as US clean hydrogen rules in debate
A public hearing will be held in late March on the US Treasury Department’s new and controversial clean hydrogen guidance, unveiled just before Christmas. And fierce lobbying is now under way to try and influence the final rules.
REM: Lobbying under way as US clean hydrogen rules in debate
Venezuela denounces US Supreme Court decision on Citgo auction
Venezuela's government rebuffed the recent acceptance by the US Supreme Court for ten additional creditors to partake in the proceeds distribution arising from the auction of Citgo shares, the US-based subsidiary of the state-owned PDVSA.
US tops global LNG exports in 2023 with record year
The US was the world’s largest exporter of LNG in 2023 with record exports pushing it ahead of the other LNG heavyweights Qatar and Australia. Shipments of the super-chilled fuel climbed by 14.7% in 2023 to reach a record high of 88.9mn tonnes.
Cedar LNG selects Samsung Heavy Industries and Black & Veatch for FLNG unit
Cedar LNG has awarded an engineering, procurement and construction contract to US LNG infrastructure company Black & Veatch and South Korean shipbuilder Samsung Heavy Industries for the construction and delivery of the project’s floating LNG unit.
Shell supports BP in dispute with Venture Global over LNG deliveries
The long-running dispute between US gas upstart Venture Global LNG and several contractual customers has taken another escalation with Shell filing a letter to US energy regulators on January 2.
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