NorthAmOil - North America Oil & Gas
Summit Midstream sells Utica position for $625mn to MPLX
Summit Midstream has sold its Utica position for $625mn to MPLX. This includes its approximately 36% interest in Ohio Gathering Company, and about an 38% interest in Ohio Condensate Company.
Next Wave’s innovative alkylate plant is online in Texas
Next Wave Energy Partners, a portfolio company of Energy Capital Partners, has brought online its ethylene-to-alkylate production facility, known as Project Traveller and located adjacent to the Houston Ship Channel in Pasadena, Texas.
Big Oil increasingly talks down energy transition
Big Oil is increasingly talking down the energy transition as profits and production soar and as ESG falls out of favour
Biden administration gives carmakers more time to phase out gasoline cars
Carmakers will have more time to phase out internal combustion engine cars under new rules unveiled by the Biden administration’s Environmental Protection Agency.
Woodside eyes major increase of North American LNG purchases
Australia’s Woodside Energy is shifting its focus to North America for procurement of LNG supplies amid a challenging environment for construction of new LNG projects in the domestic market, Japan’s Nikkei Asia reported.
16 states sue Biden administration over LNG permit pause
A group of 16 Republican-led states has sued the Biden administration over its pause on federal permits for new LNG facilities that export the super-chilled gas.
Enbridge enters JV connecting Permian Basin gas supply to growing LNG and Gulf Coast demand
Enbridge has agreed with WhiteWater/I Squared Capital and MPLX LP to form a joint venture that will develop, construct, own and operate natural gas pipeline and storage assets connecting the Permian to LNG terminals.
CNOOC and ExxonMobil file arbitration proceedings against Chevron over Stabroek Block holdings
CNOOC has joined with ExxonMobil to file an arbitration claim against Chevron over its right to acquire the 30% stake in the Stabroek Block offshore Guyana held by Hess Corporation following its acquisition of the company.
Corporate confidentiality issues impact Chevron’s bid for Hess
Corporate confidentiality issues are impacting Chevron’s bid for Hess.
Imperial to shut down key Winnipeg pipeline for three months
Imperial Oil will close down a section of its Winnipeg Products Pipeline for three months for repair.
TotalEnergies acquires carbon storage business from Talos Energy
TotalEnergies has agreed to acquire for $148mn all of Talos Low Carbon Solutions, an early-mover American company that is focused on carbon capture and storage.
Permian Basin output keeps rising
The US’s main oil-producing region, the Permian Basin in west Texas and New Mexico, is forecast to add 8,000 barrels of oil per day output in April, for a total of 6.1mn bpd.
Exxon-Chevron dispute overshadows CERAWeek
It’s the talk of CERAWeek in Houston. ExxonMobil and Chevron are still locked in an unprecedented dispute over the ‘crown jewel’ in Chevron’s $56bn bid for Hess late last year - Hess’ 30% stake in the vast Stabroek field, off Guyana.
Sinochem buys one of first cargoes from Trans Mountain
Sinochem Group of China has acquired one of the first oil cargoes that will be shipped through the expanded Trans Mountain pipeline in Canada.
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