NorthAmOil - North America Oil & Gas

Mexican firm seeks US approval to import gas for LNG export

Gato Negro Permitium Uno has recently submitted a request to the United States Department of Energy to export natural gas to Mexico.

Oil execs back candidate Donald Trump

Oil executives are increasingly hoping to help elect the Republican candidate ex-president Donald Trump as president in November. He would take office in January. His opponent, President Joe Biden, has a mixed record on oil and gas.

The US States has more than two centuries of oil supply, says IER

The US has 227 years of technically recoverable oil reserves, according to the free market think-tank, the Institute for Energy Research.

Phillips 66 to buy Pinnacle Midstream from Energy Spectrum Capital

Phillips 66 of Houston has agreed to acquire Pinnacle Midland Parent LLC from private equity firm Energy Spectrum Capital for $550mn in cash.

Chesapeake Energy to slash jobs

Chesapeake Energy this week began laying off staff after completing the divestiture of its oil assets in 2023. Gas prices have also tumbled.

Exxon under fire from $1bn shareholder

CalPERS, the US’s biggest public pension plan, has said it will vote against all ExxonMobil board members at the oil company’s upcoming annual meeting on May 29.

Hess-Chevron $53bn deal in the crosshairs

Hess is holding a shareholder meeting on May 28, and some of its investors are balking at backing the company’s $53bn acquisition by Chevron until there is clarity about Chevron’s arbitration with ExxonMobil.

NorthAmOil: Hess-Chevron $53bn deal in the crosshairs

Gulfstream LNG receives regulatory approval to start pre-filing

Gulfstream LNG has been granted approval by the US Federal Regulatory Commission to commence the pre-filing process.

ADNOC takes 11% stake in NextDecade’s Rio Grande LNG

The United Arab Emirates’ state-run Abu Dhabi National Oil Company has purchased an 11.7% interest in NextDecade’s Rio Grande LNG project in Texas from Global Infrastructure Partners.

First tanker loads oil from Canada's expanded Trans Mountain pipeline

An Aframax chartered from Dubai’s Emarat Maritime has commenced loading the first oil from Canada’s Trans Mountain Expansion pipeline, which started commercial service on May 1.

Golden Pass LNG builder files for bankruptcy

Zachry Holdings, the main contractor constructing Golden Pass LNG, a joint project of ExxonMobil and QatarEnergy, has filed for bankruptcy protection.

Crescent Energy to buy SilverBow in $2.1bn transaction

SilverBow Resources will be purchased by rival Crescent Energy in a deal worth $2.1bn. The deal will create the second largest operator in the Eagle Ford shale, the companies said.

US court decision adds complexity to Citgo ownership auction

A US District Court judge ruled on May 17 that bidders participating in the auction for US-based refiner Citgo Petroleum must disclose whether their binding offers encompass the claims of Venezuela bondholders involved in a separate legal action