NorthAmOil - North America Oil & Gas
Citgo boards and Venezuelan opposition lobby US to halt share auction amid creditor dispute
Venezuelan opposition members and the supervisory boards of US refiner Citgo Petroleum have reportedly engaged with US officials and lawmakers in recent days, aiming to delay a court-ordered auction of shares to satisfy creditors.
Shell: LNG Canada could deliver first cargo early
Canada’s first LNG export terminal could be coming online earlier than expected, an executive at the Shell-led project revealed.
Altagas, Vopak reach positive FID on Ridley Island Energy Export Facility
AltaGas Ltd. and Royal Vopak have reached a positive final investment decision on the Ridley Island Energy Export Facility, a large-scale liquefied petroleum gas and bulk liquids terminal with rail, logistics and marine infrastructure.
US oil and gas industry reduces emissions intensity – new study
A new report finds that the US oil and gas industry is emitting less per barrel of oil equivalent produced.
ConocoPhillips-Marathon deal expands Shale 4.0 era
The new era, Shale 4.0, has now taken root more than ever and it has also broadened. Some analysts also say the big US deals may be petering out.
Aramco in talks with Tellurian and NextDecade as it seeks to expand US LNG footprint
State-run supermajor Saudi Aramco is holding negotiations with Tellurian and NextDecade as it looks to expand its LNG portfolio in the US.
TC Energy to spin off North American crude pipeline business
Shareholders of Calgary-based TC Energy have voted to spin off a North American oil pipeline business. South Bow Corp.’s signature asset will be the 622,000-barrel-per-day Keystone oil pipeline.
OPEC+ extends cuts, to unwind voluntary limits
OPEC+ has extended most of its cuts through 2025, but will begin to unwind voluntary additional restrictions
Coastal GasLink seeking to borrow $2.9bn in Canada’s biggest corporate bond deal
KKR-backed Coastal GasLink is preparing to borrow in what will be Canada's biggest ever corporate bond deal.
Aethon Energy to purchase Tellurian’s upstream assets for $260 million
Aethon Energy Management, a Dallas-headquartered private investment firm, will purchase Tellurian’s integrated upstream assets at a cost of $260mn.
US Democrats investigate alleged manipulation of oil, gas prices
Congressional Democrats have initiated a probe into potential collusion and market manipulation allegations involving prominent US oil corporations and the Organisation of Petroleum Exporting Countries.
Industry study says stringent emissions cap in Canada could cost $181bn in 10 years
A new report, by S&P Global Commodity Insights for the Canadian Association of Petroleum Producers (CAPP), finds that a stringent emissions cap could cut GDP contributions by CAD247bn ($181bn) in just 10 years.
ConocoPhillips to buy Marathon Oil Corp. for $22.5bn
ConocoPhillips has agreed to buy Houston-based Marathon Oil Corp. for $22.5bn in an all-stock deal inclusive of $5.4bn of net debt. Consolidation has swept the US oil and gas sector.
Dissident shareholders fail at Exxon meeting
ExxonMobil, in its shareholder meeting on May 29, successfully beat off dissident shareholders who wanted to unseat the board and CEO Darren Woods.
Energy Transfer to buy WTG Midstream for $3.25bn
Energy Transfer LP has agreed to buy WTG Midstream Holdings in a transaction valued at around $3.25bn from affiliates of Stonepeak, the Davis Estate and Diamondback Energy.
Glenfarne asks FERC for 5-year extension to build Texas LNG plant
New York-headquartered Glenfarne Group has requested regulators for a five-year extension for the construction of its proposed Texas LNG export terminal.
Cape of Good Hope emerges as top route for US LNG cargoes to Asia
US LNG exporters have pivoted to shipping cargoes to Asia around the Cape of Good Hope in the first half of 2024.
Venezuela opposition mulls Citgo bankruptcy move to halt asset sale at auction
Venezuela’s opposition is contemplating a strategic move that could throw a wrench into the sale of its prized US assets. Inside sources suggest that Citgo Petroleum Corp.’s holding company is considering a drastic step: filing for bankruptcy.
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