NorthAmOil - North America Oil & Gas
Bermuda-based GeoPark initiates cash tender offer for 5.5% senior notes due 2027
GeoPark Limited, a Bermuda-based energy company listed on the NYSE under the ticker GPRK, has launched a cash tender offer for its outstanding 5.5% Senior Notes maturing in 2027.
Trump's return to White House draws polarised Latin American response
Latin America has split over Donald Trump's White House return, with a handful of leaders rushing to embrace the new president while others eye his protectionist agenda with alarm.
Trump says United States does not need Venezuelan oil
Trump indicated that the US could halt oil purchases from Venezuela as part of efforts to weaken Maduro’s regime, declaring: “We don’t need it.”
Traders divert six US LNG cargoes from Asia to Europe
Higher European prices and poor demand in Asia for LNG have resulted in traders diverting at least six US LNG cargoes already this month.
Japan eyes long-term LNG supply from Alaska
Japan is actively seeking a long-term supply of LNG from Alaska, as a $44bn LNG project in the US state progresses after years of delays.
Trump announces 25% tariffs on Mexico and Canada from February 1
US President Trump has announced plans to impose 25 per cent tariffs on Mexico and Canada from February 1, citing concerns over immigration and fentanyl flows into the United States, while also taking steps to rename the Gulf of Mexico.
COMMENT: Trump demands Europe import more US LNG, as the EU proposes banning Russian LNG completely. Neither will happen.
US President Donald Trump wants Europe to buy more US gas or face tariffs, and ten EU member states have again called for an end to all Russian imports. Neither of these things are going to happen. Europe remains hooked on Russian gas.
BP to slash global workforce by 5%
BP plans to cut more than 5% of its global workforce as part of a cost-reduction drive led by CEO Murray Auchincloss.
Chevron's $300mn Venezuela tax bill raises questions as Rubio vows to axe licence
Marco Rubio, Donald Trump's nominee for secretary of state, has called for a reassessment of Chevron's sanctions waiver in Venezuela, as fresh concerns emerge over the oil major's tax payments to Caracas.
North American LNG integral to satisfying soaring global demand
Exports of LNG from North America are forecast to jump by almost 70% by 2040, according to new research published by Energy Intelligence.
US LNG revival expected following Trump’s return to office
As US president-elect Donald Trump prepares to return to office, the country’s LNG industry is expected to undergo a new wave of expansion
CNRL unveils $4.2bn capital budget for 2025, including CCS spending
Canadian Natural Resources Ltd (CNRL) said last week that it had set an operating capital budget of CAD6bn ($4.2bn) for 2025, including CAD90mn ($62.8mn) for carbon capture and storage (CCS) projects.
US imports record volumes of Canadian oil
US imports of crude oil from Canada hit a record high of 4.42mn barrels per day (bpd) in the week up to January 3, data from the US Energy Information Administration (EIA) showed.
Colombia's Ecopetrol, JPMorgan to halve ADR conversion costs
Colombia’s state-controlled oil company Ecopetrol announced on January 15 that it has reached an agreement with JPMorgan Chase Bank N.A. to temporarily lower conversion costs for its American Depositary Receipts (ADRs) by 50%.
Enbridge planning for oil pipeline capacity boost if US drilling ramps up
Midstream player Enbridge is making plans to rapidly boost capacity on its US oil pipeline system in the event of a new drilling boom in the country brought about by the upcoming change of administration.
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