NorthAmOil - North America Oil & Gas
Elliott warns Citgo value eroding as court weighs $7.3bn takeover bid
Elliott Investment Management is urging a US court to expedite its takeover bid for Citgo Petroleum, warning that the Venezuela-owned refiner's assets are losing value whilst creditors await a potentially superior offer that may never materialise.
Energy Transfer selects KBR, Technip to build Lake Charles LNG
Energy Transfer has selected a consortium comprising KBR and Technip Energies as the engineering, procurement and construction contractors for its proposed Lake Charles LNG export project.
Amber Energy’s Citgo takeover bid faces fierce creditor opposition
A proposed court agreement that would allow a US hedge fund to gain control of oil refiner Citgo Petroleum from Venezuela has come under fire from the company's creditors, who dubbed Amber Energy's bid economically unviable and legally deficient.
Venture Global tells Edison it must wait until April for delivery of LNG cargoes
US LNG upstart Venture Global has notified its European foundation customer Edison that contracted LNG cargo deliveries will be delayed until April 2025.
Cheniere’s Corpus Christi expansion project gets key federal approval
US LNG producer Cheniere Energy has been granted authorisation by federal regulators to open operation of a supply line for its Corpus Christi Stage 3 LNG plant in Texas.
NorthAmOil: ExxonMobil seeks buyers for portion of Bakken assets
Venezuelan opposition leader lashes out at oil firms for their involvement with Maduro
Leading Venezuelan dissident Maria Corina Machado has taken aim at international oil companies operating in the South American nation, urging them to reconsider their ties with the “criminal regime” of President Nicolas Maduro.
Dealmaking pace slows as acquisition targets dwindle
The pace of upstream mergers and acquisitions in the US slowed considerably in the third quarter of 2024, amid fewer targets for companies still seeking to consolidate.
Kinder Morgan to boost Southern US gas transportation, storage capacity
Kinder Morgan is moving forward with billions of dollars’ worth of natural gas transportation and storage capacity expansions across the Southern US, including a newly sanctioned gas pipeline expansion.
ExxonMobil seeks buyers for portion of Bakken assets
ExxonMobil has confirmed that it is seeking buyers for a portion of its assets in the Bakken unconventional play in North Dakota.
ExxonMobil secures US’ largest offshore CO2 storage lease
ExxonMobil said on October 10 that it had secured access to the US’ largest offshore carbon dioxide (CO2) storage lease, having signed an agreement with the Texas General Land Office (GLO).
ConocoPhillips moves to secure priority in Citgo auction proceeds
ConocoPhillips has lodged a court motion to maintain its near-top position amongst creditors vying for proceeds from the sale at auction of shares in Citgo Petroleum's Venezuela-owned parent company.
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