NorthAmOil - North America Oil & Gas

Glencore signs 20-year supply deals with Commonwealth and Kimmeridge

Swiss commodities giant Glencore has inked a non-binding agreement to purchase 2mn tonnes per year of LNG from US firm Commonwealth LNG in addition to an equal volume of natural gas from Kimmeridge Texas Gas.

Contractor Kiewit settles lawsuit with Venture Global over disclosures to Shell

US construction contractor Kiewit has settled a lawsuit with upstart US LNG developer Venture Global.

US Federal Trade Commission to approve Chevron's acquisition of Hess

The US Federal Trade Commission is expected to approve Chevron's $53bn acquisition of Hess as early as this week, according to sources familiar with the matter.

Chevron's payments to three African oil producers exceeded its US tax, royalty bill in 2023

Energy transition slows as global oil and gas industry refocuses on fossil fuels – report

Venture Global signs deal with Gastrade for regasification capacity at new Greek terminal

Upstart US LNG developer Venture Global has agreed to a 5-year deal with Greece’s Gastrade to regasify up to 1mn tonnes per year.

Canadian miner Gold Reserve withdraws from Citgo auction

Canadian mining firm Gold Reserve has withdrawn its bid for Venezuela-owned Citgo Petroleum shares in a US court-organised auction, citing judicial delays and uncertainties in the sale process, sources familiar with the matter report.

US special master to contest Venezuela's bid to delay Citgo sale

The court-appointed special master overseeing the Citgo auction is set to oppose a recent Venezuelan government motion to postpone the sale, sources close to the matter report.

US may be mulling Chevron licence suspension in Venezuela

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

Almost 10% of GOM gas production remains shut after Hurricane Francine

Around 9.68% of gas production and 5.62% of oil production in the US Gulf of Mexico was still shut in as of September 17 after Hurricane Francine’s passage.

Chevron CEO slams Biden gas policies

Chevron’s CEO, Michael Wirth, has slammed President Joe Biden's administration for "attacks on the natural gas” industry.