NorthAmOil - North America Oil & Gas
Tellurian may sell Haynesville assets to finance Driftwood LNG
Tellurian has asked its financial advisor, Lazard, to explore opportunities for the sale of the company's upstream business in the Haynesville shale in Louisiana and Texas.
Moody’s expects Red Sea disruptions to cause oil price volatility
Ongoing tensions in the Red Sea may lead to volatility of oil prices amid trade disruptions in the area and elevated shipping, insurance and freight costs.
US reports lower LNG exports in January amid cold weather and outages
US LNG exports fell in January to 8.3mn tonnes, slipping from a record output of 8.7mn in December, according to ship tracking data from the London Stock Exchange.
Republicans attempt to overturn Biden’s halt on LNG export approvals
US House Republicans are seeking to reverse the Biden administration’s pause on US LNG export approvals with legislation introduced on February 1 that calls for LNG export reviews to be removed from the Department of Energy’s authority.
US to seize over 500,000 barrels of Iranian illegally trafficked oil
The US Justice Department said that it was seizing more than 500,000 barrels of sanctioned Iranian crude oil that American officials said was illegally trafficked to provide funding for the country's Islamic Revolutionary Guard Corps.
Biden’s LNG pause rattles Canadian producers, could create opportunities
The US pause on LNG exports has rattled Canadian producers, who fear that Canada and British Columbia (BC) could follow suit. But some say the pause actually creates opportunities, since Canada already considers emissions when assessing permits.
Last-minute delays plague Trans Mountain, AIMCo may buy stake
Last-minute delays are plaguing the Trans Mountain pipeline expansion project in Canada.
EnCap mulls $5-bn sale of Grayson Mill
EnCap Investments is considering a sale of shale producer Grayson Mill Energy. The Bakken-oriented privately held oil and gas producer – one of the largest in the play – may be worth about $5bn, including debt.
FTC to probe Occidental, CrownRock merger
The Federal Trade Commission (FTC) will scrutinise Occidental Petroleum Corp’s pending $12bn purchase of CrownRock, announced in December.
Legislation advances for higher oil and gas royalty rates in New Mexico
Legislation has advanced in New Mexico, home to part of the Permian Basin, to increase royalty rates by 25% for drilling on state land.
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