NorthAmOil - North America Oil & Gas

Venezuelan opposition urges revocation of US oil sector licences

Venezuela's primary opposition coalition has urged the United States to rescind licences permitting energy firms, including Chevron, to operate within the country. This move aims to exert pressure on President Maduro after the disputed election.

US seeking 6mn barrels of crude for reserve, says report

The US government administration will try and source up to 6mn barrels of crude for the Strategic Petroleum Reserve (SPR).

Mitsubishi, ExxonMobil mulling collaboration on world’s largest low-carbon project

Japan’s Mitsubishi Corp. has inked a deal with ExxonMobil for acquisition of a stake in the oil company’s huge blue hydrogen and ammonia project planned for Baytown, Texas.

Trans Mountain ships 28mn extra barrels of crude

The Trans Mountain expansion (TMX) has shipped 28mn extra barrels of crude from Canada’s West Coast since the pipeline’s full opening in June.

NorthAmOil: ExxonMobil finds no hydrocarbons in highly touted Persephone well off Newfoundland

ExxonMobil finds no hydrocarbons in highly touted Persephone well off Newfoundland

A remote exploration well off Newfoundland that had excited industry observers has no hydrocarbons, says ExxonMobil Canada.

Federal judge temporarily blocks Biden rule to limit flaring

A federal judge has temporarily halted a Biden administration rule announced this spring to reduce methane emissions on federal and Native land.

Woodside opens talks for partnerships on Driftwood LNG project

Australia’s Woodside Energy is ramping up its search for partners on its Driftwood LNG project.

MidOcean Energy increases stake in Peru LNG

MidOcean Energy, an LNG company formed by US private equity fund EIG, has raised its stake in Peru LNG.

Texas LNG moves towards FID following new offtake agreement

Texas LNG Brownsville has secured another offtake agreement giving it sufficient contractual commitments to move ahead with the final investment decision.

US mulls Chevron licence suspension in Venezuela, sources say

The Biden administration is considering suspending Chevron Corp's licence to extract oil in Venezuela as part of efforts to pressure President Nicolas Maduro's government into dialogue with the opposition in the wake of the July 28 disputed election.

Gas takeaway capacity from Permian is increasing

​Some gas is already flowing in the Matterhorn Express Pipeline from the Permian basin to Katy near Houston on the Gulf Coast. It is expected to enter full service later this month.

LatAmOil: Chevron lobbies for continued Venezuelan operations despite post-election turmoil

Chevron lobbies for continued Venezuelan operations despite post-election turmoil

In the wake of Venezuela's disputed presidential election, US oil giant Chevron has intensified its lobbying efforts in Washington, urging officials to allow its continued operations in the crisis-stricken South American country.

TC Energy says pipeline stake sale to Indigenous group delayed

TC Energy Corp. has announced that its announced equity interest purchase transaction with an Indigenous-owned investment partnership has been delayed “due to an identified transaction structuring issue within the NGTL partnership”.

APA agrees to sell non-core Permian assets for $950mn

APA Corporation has agreed to sell non-core producing properties in the Permian Basin to an undisclosed buyer for $950mn, prior to customary closing adjustments.

Targa Resources declines takeover interest from Williams, says report

Williams Cos, the major midstream company, has apparently expressed an informal interest in taking over its smaller rival Targa Resources, but its interest was rejected.

NorthAmOil: Hurricane Francine shuts in 39% of oil production in US Gulf of Mexico

Hurricane Francine shuts in 39% of oil production in US Gulf of Mexico

Hurricane Francine made landfall on Wednesday afternoon (September 11) in central Louisiana with winds of up to 92 mph (148 km/h).