NorthAmOil - North America Oil & Gas
US upstream M&A sails on with $30bn in 2Q24 – Enverus
US upstream mergers and acquisitions have experienced heightened activity for three consecutive quarters, with transactions surpassing $30bn, according to a recent report by Enverus Intelligence Research.
Canada may delay Trans Mountain pipeline sale until after 2025 election
The Canadian government may delay the sale of the Trans Mountain oil pipeline until after the 2025 federal elections.
Freeport LNG resumes full operations
The US’s second-largest LNG export terminal Freeport LNG is back operating at full production.
Occidental to sell Delaware Basin assets to Permian Resources for $818mn
Occidental has agreed to sell Delaware Basin assets in Texas and New Mexico to Permian Resources for around $818mn.
Vital Energy to expand in Permian with $1.1bn bolt-on acquisition
Vital Energy and Northern Oil and Gas have agreed with private equity-backed Point Energy Partners to buy Point's Delaware Basin assets for $1.1bn cash.
US refills strategic oil stockpile to 2022 levels
The US’s Biden administration has refilled some of the Strategic Petroleum Reserve, which had been drawn down following the energy crisis and high crude prices following Russia’s invasion of Ukraine.
US presidential contender Kamala Harris reverses on fracking ban
Vice President Kamala Harris, the Democratic presidential nominee apparent, has reversed herself on her call for a fracking ban.
Helmerich & Payne to acquire KCA Deutag
Helmerich & Payne (H&P) is to acquire UK-based KCA Deutag International for $1.97bn in cash
US, UK called out on hypocrisy on climate pledges as they ramp up oil and gas exploration to record levels
The US and UK have been accused of hypocrisy as they blow through their carbon budget allowances and issue record amounts of oil and gas exploration licences, The Guardian reports, according to a new report from energy consultant Rystad and the IISD.
Kamala Harris more critical of oil, gas than Biden
Kamala Harris, the presumptive Democratic nominee for the White House, took little time before zeroing in on the oil industry.
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