NorthAmOil - North America Oil & Gas
Quantum Capital strikes deal to purchase Caerus
US-based private equity company Quantum Capital Group will buy Caerus Oil and Gas, according to sources.
Biden administration announces $850mn to reduce methane from oil and gas sector
The Biden administration has announced $850mn in grants to help stop methane emissions from the oil and gas sector.
Alberta regulator estimates 17% growth in oil sands production within a decade
The Alberta Energy Regulator projects that oil sands production will grow by more than 17% within a decade.
Shell greenlights CCS projects in Alberta
Shell Canada will proceed with two carbon capture and storage projects in Alberta.
Texas NGL pipeline no longer included in Energy Transfer’s purchase of WTG Midstream
Energy Transfer has announced that the 20% interest in the BANGL pipeline, which was subject to a right of first offer, will not be included in its acquisition of WTG Midstream, a Permian operator.
Exxon-Hess arbitration panel not yet complete
The arbitration panel that is to hear ExxonMobil’s objection to rival Chevron buying Hess’ Guyana assets remains incomplete, according to a report.
Trans Mountain reshuffling oil flows to North America from Iraq, Brazil
US West Coast refiners are replacing their heavy oil imports from Iraq with cheaper crude from Canada because of the expanded Trans Mountain pipeline from Alberta’s oilsands to the Pacific Ocean in British Columbia.
Energy Investor Kimmeridge buys majority stake in Commonwealth LNG
New York-based asset manager and energy investor Kimmeridge has purchased a majority stake in the proposed Commonwealth LNG terminal in Cameron Parish, Louisiana the firm announced.
Canada’s oil and gas sector “muzzled” by new greenwashing law
New federal legislation in Canada has spooked the oil ad gas sector so much that some prominent companies and lobby groups have dramatically reduced their online and social media presence.
Fossil fuel use reaches global high
A new report finds that fossil fuel energy use rose to a record high in 2023, despite efforts to combat climate change.
Global gas flaring at highest level in five years
In 2023, the volume of gas flared globally rose by 9bn cubic metres to 148 bcm, the highest level since 2019, according to a new World Bank report. This is despite efforts to curtail the practice because of climate change.
G&A Investments pursues $1.5bn claim against PDV Holding in Texas court amid Citgo auction
G&A Strategic Investments, a creditor of Venezuela, has initiated legal action in Texas to reclaim $1.5bn from defaulted promissory notes issued by PDVSA, Venezuela's state oil company, targeting US-based Citgo parent PDV Holding.
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