NorthAmOil - North America Oil & Gas

Panama introduces dry canal project amidst canal’s water level woes

Equinor to swap onshore assets in the US, pay $500mn to EQT

Equinor will swap its operated assets in the Marcellus and Utica shale plays and pay $500mn cash to EQT for 40% of EQT’s non-operated assets in the Northern Marcellus shale

Imminent start-up of Canada’s TMX pipeline may impact Iraq

Canada’s Trans Mountain Expansion (TMX), to start up on May 1, will triple pipeline capacity for exporting heavy oil-sands crude from Alberta to Pacific coast. This may affect the prospects of a similar grade of crude from OPEC member Iraq.

Superfund for climate damage? Advocates say yes

Polluters may have to pay compensation to taxpayers for climate damage under new laws being considered in four US states.

Biden increases financial assurance by $6.9bn for offshore oil & gas decommissioning

The Biden administration has ruled that offshore oil and gas industry will have to produce $6.9bn in new financial assurances to protect American taxpayers from offshore decommissioning costs on the Outer Continental Shelf

Chevron-Hess merger may be postponed due to arbitration over Guyana Stabroek block stake

Hess Corporation reported in a filing to the US Securities and Exchange Commission (SEC) that its acquisition by Chevron Corporation may be delayed until 2025.

What next for oil markets after Iranian strike on Israel?

For the time being, traders have apparently shrugged off fears of a direct war between Israel and Iran, but escalation is still a significant risk.

Cedar LNG to receive liquefaction equipment from Chart Industries

Pembina Pipeline and Haisla Nation have taken another key step forward with the development of their proposed floating LNG facility in Kitimat, British Columbia with the announcement that Chart Industries will supply liquefaction equipment.

Israeli attack on Iran to cost Biden re-election over possible oil price hike

After Iran's unprecedented attack on Israel in the early hours of Sunday, April 14, global concerns are growing about Israel's retaliatory action that has already pushed oil prices above $90 per barrel.