NorthAmOil - North America Oil & Gas
Kimmeridge makes new offer for SilverBow reportedly worth $2.1bn
Kimmeridge Energy Management has submitted a new bid to purchase SilverBow Resources, SIlverBow confirmed in a press release. The offer values the Eagle Ford shale oil and gas producer at almost $2.1bn.
EQT, Equitrans Midstream to combine in $5.5bn deal
The largest natural gas producer in the US, EQT Corp, has agreed to buy Equitrans Midstream in a deal worth around $5.5bn. It will be an all-stock transaction with a combined company enterprise value of more than $35bn.
LNG Canada set to begin commissioning activities
Shell-led LNG Canada is nearly finished with construction work and will be commencing commissioning and start-up activities shortly, the company revealed in a statement on March 7.
Regulator asks Venture Global for clarification on Calcasieu Pass terminal
LNG developer Venture Global has been asked by the Federal Energy Regulatory Commission to provide more clarity on the basis for its filing of confidential documents concerning the Calcasieu Pass LNG export terminal.
Suncor signs oilsands deal with First Nation
Oilsands giant Suncor has signed an agreement with the Fort McKay First Nation that the oilsands giant says could lead to its first-ever oil project on Native lands. Suncor is the second largest oil producer in Canada.
Antitrust concerns raised again for US mergers
Almost 50 Democratic congressional lawmakers have asked the Federal Trade Commission (FTC) to probe a spate of oil and gas company mega-mergers, which they say may harm competition and consumers with higher prices.
Shutdown of controversial Michigan pipeline could harm US ties, says Canada
In a court filing, Canada has said that the closure of Enbridge’s Line 5 in Michigan could hamper relations with the US.
US produced more oil in 2023 than any country for sixth consecutive year
The US produced more oil than any country at any time for the past six years in a row, according to the US Energy Information Administration.
Freeport’s feedgas usage drops as restart remains unclear
The Freeport LNG terminal’s feedgas intake was down by close to 50% over the last week, data from the London Stock Exchange revealed.
NextDecade aims for final investment decision before year end on Rio Grande LNG’s fourth train
US LNG developer NextDecade Corporation is seeking a positive final investment decision during the second half of 2024 for the fourth train at its Rio Grande LNG terminal, the company revealed.
Chevron resumes drilling operations in Venezuela amid US regulatory pressures
US oil company Chevron Corp. has resumed drilling operations in the Orinoco belt region of Venezuela, aiming to bolster production amid looming regulatory pressures from Washington.
EQT to curtail production as gas prices flounder
EQT announced that it had made the strategic decision to curtail about 1bn cubic feet (28.3mn cubic metres) per day of gross production of gas beginning in late February.
Exxon seeks arbitration in Chevron take-over of Hess
ExxonMobil has filed for arbitration to claims rights in the Chevron take -over of Hess, including Hess’ valuable rights to 30% of the Stabroek Block project off Guyana.
Enbridge to invest $500 mn to bolster Gulf of Mexico presence
Pipeline operator Enbridge will spend $500mn to improve its pipelines and storage and storage assets to bolster its US Gulf Coast operations.
Trans Mountain to start line fill next month
Canada’s Trans Mountain Expansion (TMX) much-delayed pipeline will start line fill in April, says MEG Energy Corp.
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