NorthAmOil - North America Oil & Gas
LatAmOil: New Fortress Energy faces market backlash
New Fortress Energy faces market backlash
New Fortress Energy (NFE) faced a harsh market reaction on August 9 as its shares tumbled 25% on the New York-based Nasdaq. The plunge followed the company's revelation of a $80.75mn net loss in its second-quarter report.
ExxonMobil post-pandemic recovery driven by Stabroek operations
ExxonMobil's resurgence following the COVID-19 pandemic has been significantly bolstered by its operations in Guyana, particularly within the Stabroek Block, a Bloomberg report by Kevin Crowley found.
Shell takes FID on injecting water into Gulf of Mexico field
Shell Offshore Inc has decided to move forward with a 'waterflood' project at its Vito asset in the US Gulf of Mexico. This approach involves injecting water into the reservoir to push out more oil. The project is set to start in 2027.
Citgo protection extended as court-ordered auction looms
The US Treasury Department has prolonged its shield over Citgo Petroleum from creditors until November 12. This extension comes as the court-mandated auction of shares in the Houston-based refiner's parent company nears its final stages.
NorthAmOil: Industry-first technology in US Gulf of Mexico may open ultra-high pressure offshore fields
Industry-first technology in US Gulf of Mexico may open ultra-high pressure offshore fields
First oil and gas are now being produced from a field in the US Gulf of Mexico so deep that the equipment must withstand record ultra-high pressures.
Pipeline companies talking to data centres regarding direct gas supply – Bloomberg
US pipeline giants Energy Transfer and Williams Cos. are in talks with operators of energy-hungry data centres about building gas pipelines directly to the centres to feed on-site gas-fired power plants
Occidental beats profit forecasts by 34%
Occidental Petroleum in its second quarter earnings beat Wall Street expectations for profit by 34%.
Canada to fund $8.71mn study into oil sands mines’ impact on Indigenous health
The Canadian federal government will fund an Indigenous-led study into whether and how oil sands development impacts Indigenous health in Alberta. There are fears of increased rates of cancer downstream from oil sands mines.
Tourmaline Oil to acquire Crew Energy in $950mn gas deal
Canada’s Tourmaline Oil will acquire Crew Energy, a Montney shale gas player, for $950mn (CAD1.3bn).
Rivals not expected to challenge Woodside’s bid for Tellurian
Australia’s Woodside Energy is not expected to face any competitor bids in its purchase of US LNG developer Tellurian.
Maduro leaks alleged US-Venezuela deal, oil shipments normal as post-election dispute continues
The Biden administration's strategy for re-engaging with Venezuela has been thrust into the spotlight following a contentious presidential election, with President Nicolas Maduro revealing a previously undisclosed agreement signed in Qatar last year.
Impact of Trans Mountain expansion on crude trade routes remains in flux
The impact of the expansion of the Trans Mountain oil pipeline (TMX) from Alberta to the Pacific remains in flux.
CVR Energy and creditor group lead in $21bn Citgo auction
The hotly contested auction for Citgo Petroleum, Venezuela's prized US refining asset, has entered its final stages with two leading bids emerging, according to people familiar with the matter.
US appeals court scraps regulatory approval of Transco expansion
A US federal appeals court overturned the Federal Energy Regulatory Commission’s approval of Transcontinental Gas Pipeline Co.’s almost $1bn Regional Energy Access expansion. Transco is a Williams Co subsidiary.
US Court of Appeals vacates permits for two LNG projects
A US Appeals Court vacated federal regulatory permits for Next Decade’s Rio Grande LNG project and Glenfarne’s Texas LNG plant
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