NorthAmOil - North America Oil & Gas
Impact of judge’s block of Biden pause on LNG projects approval is likely to be limited
President Biden’s LNG permit approval pause for US LNG exports to non-Free Trade Agreement nations was recently halted by a ruling by a federal judge, but the impact may be limited.
Microsoft to buy 500,000 DAC carbon credits from Oxy
Big tech giant Microsoft will acquire 500,000 carbon credits from Occidental Petroleum over six years, said 1PointFive, Occidental’s carbon capture and storage subsidiary.
Potential air quality violations at 60% of New Mexico’s Permian operations
The New Mexico Environment Department said there are potential air quality violations at around 60% of the oil and gas facilities inspected in the western Permian Basin.
ConocoPhillips, Alaska sue to block Biden Arctic plan
ConocoPhillips and the state of Alaska have sued to challenge federal regulations on oil and gas leasing in the National Petroleum Reserve-Alaska.
Devon Energy to purchase Grayson Mill assets in Bakken for $5bn
Devon Energy has agreed to purchase some of the assets of Grayson Mill Energy, which is owned by private equity firm EnCap, in a cash-and-stock deal worth $5bn. Grayson Mill is focussed on the Williston Basin in the Bakken, the shale play.
Texas oil sector recovers after Beryl, minimal damage
Storm Beryl’s impact on Texas oil and gas operations has been minimal, according to several reports.
Gas flows to Freeport LNG fall to near zero as Hurricane Beryl hits Texas coast
Natural gas inflowing to the Freeport LNG terminal dropped to almost zero in the leadup to Hurricane Beryl’s arrival on Texas’s east coast.
US extends LPG export licence to Venezuela amid diplomatic talks
The US Treasury Department's Office of Foreign Assets Control (OFAC) has issued licence 40C, extending authorisation for the export and re-export of liquefied petroleum gas (LPG) to Venezuela until July 8, 2025.
LNG Canada moves one step closer to completion with final weld of first train
LNG Canada has moved another step closer to delivering its first cargo with the final weld completed on the facility’s first liquefaction train.
White House mulls measures to tackle Russian oil shadow fleet
US President Joe Biden’s Treasury Department is looking to take new steps to prevent Russia from using its so-called “dark fleet” of ageing oil tankers with opaque ownership to circumvent sanctions.
ExxonMobil attains highest market cap for US oil companies
ExxonMobil has emerged as the top-ranking oil company globally for June 2024, data from Statista showed, surpassing its peers with a market capitalisation of $497.62bn.
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