NorthAmOil - North America Oil & Gas
Jamie Dimon calls US LNG pause "enormously naive"
Jamie Dimon, the chief executive of leading US investment bank JPMorgan Chase, harshly criticised President Biden’s LNG pause in his annual letter to shareholders.
Cedar LNG moves ahead with notice to proceed issued to EPC contractors
Pembina Pipeline and its partner the Haisla Nation have issued a notice to proceed to engineering, procurement, and construction contractors Black & Veatch and Samsung Heavy Industries for its Cedar LNG project the partners revealed.
Crude oil prices remain in motion amid Middle East uncertainty
Fresh talks between Israel and Hamas at the start of the week prompted Brent and WTI prices to slip from higher prices during the previous week, but a lack of progress in the talks by mid-week and a pending new attack by Israel prompted concern.
Enterprise Products to construct new Delaware Basin gas facility, receives deepwater port licence for SPOT project
Enterprise Products Partners is to construct the Mentone West 2 gas processing plant in the Delaware Basin, which is in the Permian in Texas.
Trans Mountain pipeline expansion to start up May 1
Trans Mountain Corp, the owner of the Trans Mountain pipeline, has announced that the start-up of the CAD34bn ($22.2bn) project’s expansion will be May 1.
ExxonMobil signals first-quarter results will be weaker
Exxon Mobil, the US’s largest oil company, has warned that its first quarter results will be weaker because of lower oil and gas prices as well as a large loss in fuel derivatives.
FTC requests more information in $7.4bn Chesapeake-Southwestern deal
The Federal Trade Commission (FTC) is seeking more information on the $7.4bn merger of Chesapeake Energy and Southwestern Energy. The companies have said this will delay the closing date of their deal until the second half of 2024.
Diamondback may power Permian operations with nuclear power
Diamondback Energy and Oklo have signed a letter of intent for supplies of 50 MW of nuclear power for the oil company’s operations in the Permian Basin.
US Energy Department halts purchases to refill Strategic Petroleum Reserve
The US Department of Energy has stopped two planned purchases to refill the Strategic Petroleum Reserve this coming August and September, acquisitions that had been announced in mid-March.
US launches methane waste prevention rule
The Biden administration has issued a final rule to limit methane waste from oil and gas drilling sites on federal and Native lands.
Oil, gas activity relatively unchanged in Q1: Dallas Fed
According to the Dallas Fed energy survey, activity in the oil and gas sector in the bank’s region remained largely stagnant in the first quarter of 2024. The business activity index was 2.0, indicating minimal growth during the quarter.
US gas production rose by 4% in 2023, in line with 2022: EIA
US natural gas production grew by 4% in 2023, or 5.0bn cubic feet per day, to average 125.0 bcfpd, according to the EIA.
SilverBow declines newest Kimmeridge proposal, in advance of proxy fight
The board of directors of Eagle Ford driller SilverBow Resources Inc. has again rejected a latest proposal from asset manager Kimmeridge to merge it with Kimmeridge Texas Gas
US is world’s top crude producer, but the acceleration is slowing
The US has produced more oil than any country for the last six years, despite President Joe Biden’s climate policies. But the gains are slowing as shale plays mature. Even so, America could still surprise the market and continue to plough ahead.
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