NorthAmOil - North America Oil & Gas
Nicaragua's President Ortega condemns US sale of Citgo as “illegal confiscation”
Nicaraguan President Daniel Ortega issued a statement on June 18 denouncing the forced sale of Citgo Petroleum Corporation as illegal and an act of confiscation driven by what he termed "colonialist and imperialist policies" of the United States.
Warren Buffett increases Occidental Petroleum stake to almost 29%
Warren Buffett’s Berkshire Hathaway has increased its ownership stake in Occidental Petroleum to almost 29%
Canada oil, gas emissions cap could limit production, Alberta says
The Canada federal government's plan for a nationwide emissions cap will likely, by 2030, cut oil production by over 626,000 barrels per day, and cut gas output by 62.3mn cubic metres per day of gas per day
China urges US to lift Venezuela sanctions, condemns Citgo sale
China's Ministry of Foreign Affairs on June 18 issued a statement criticising United States sanctions on Venezuela, urging Washington to immediately halt its interference in Venezuela's domestic affairs and the auction sale of PDVSA-owned Citgo.
Federal judge dismisses Exxon climate lawsuit against activist investor
A federal judge in Houston has tossed a climate lawsuit filed by Exxon Mobil against the activist investor Arjuna Capital.
Gas flows in Mountain Valley pipeline
Gas is flowing in the controversial Mountain Valley pipeline just days after its operation was approved by federal regulators.
Oil states sue US to halt proposed rule that firms must guarantee to pay for dismantling old wells
The rule would mostly affect smaller companies without the investment grade ratings or enough proven reserves to meet credit criteria.
Trans Mountain hopes to sell 30% stake to Indigenous tribes, says Alberta premier
Canada’s Ottawa government is looking to sell a 30% stake in the Trans Mountain pipeline system to Indigenous groups, said Alberta’s premier. Ottawa had previously said it would try and sell the government-owned project.
Venezuela's Citgo faces imminent ownership transfer amid US court auction
Venezuela stands on the brink of losing one of its most prized assets, Citgo Petroleum Corporation, following a protracted legal battle in the United States that underscores the country's tumultuous economic and political landscape.
Aramco and ADNOC advance their LNG portfolios
ADNOC and Aramco are competing for LNG offtake while the Emirati firm progresses with its own liquefaction project.
Canada poised to stake bigger claim in northeast Asia’s LNG market
Canada’s LNG industry is set to play the role of a crucial supplier to Asian buyers, according to industry participants at the Global Energy Show in Calgary.
Pembina Pipeline to make investment decision on Cedar LNG in June
Calgary-based Pembina Pipeline Corp. is expected to take a final investment decision later in June on the proposed $4bn Cedar LNG project.
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