NorthAmOil - North America Oil & Gas
Trump imposes 25% tariffs on Venezuelan oil and gas buyers, extends Chevron licence
US President Donald Trump has announced a sweeping 25 per cent tariff on any country purchasing oil or gas from Venezuela, escalating his administration's economic pressure on the South American country and its international trading partners.
Canada PM Carney seeks to appease oil and gas industry
Canada’s new prime minister Mark Carney is so far taking a more business-friendly approach to the country’s oil and gas sector. Canada is the world’s fourth largest oil producer.
Occidental divests $905mn of DJ Basin assets to Elk Range Royalties
Elk Range Royalties has announced a landmark acquisition of a mineral and royalty position of around 250,000 net royalty acres in the DJ Basin from affiliates of Occidental.
Trump meets US oil executives to talk energy policy, tariffs
US President Donald Trump has met with leading oil executives at the White House to discuss his administration’s energy strategy, focusing on deregulation, permitting reforms, and trade policies.
Validus Energy to acquire 89 Energy assets in $850mn deal
Validus Energy has agreed to purchase the Anadarko Basin assets of 89 Energy III for $850mn, further expanding its presence in the US mid-continent oil and gas sector, according to reports.
Chevron’s Venezuela payments expose secret Biden-era sanctions loophole
The Biden administration discreetly allowed Chevron Corp. to send hundreds of millions of dollars to Venezuela’s government, despite a US licence explicitly banning such payments, according to people familiar with the matter
Brookfield Infrastructure sells US gas pipeline stake for total exit of $1.7bn
Brookfield Infrastructure has agreed to sell its remaining 25% interest in a US gas pipeline to an existing co-owner, marking a complete exit from the business.
US to expand oil, gas development in Alaska
The US Department of the Interior has announced plans to expand oil and gas exploration across millions of acres in Alaska, reversing restrictions set by the previous Biden administration.
LNG Canada to begin cool down phase ahead of commissioning
Shell-operated LNG Canada is set to receive the Maran Gas Roxana tanker on April 1 to begin cooling down the plant as the final stage before LNG production commences.
US court recommends Red Tree’s $3.7bn bid as Citgo auction baseline
A federal court official in Delaware has advised Judge Leonard Stark to set Red Tree Investments’ $3.7bn bid as the starting point for the next round of the Citgo Petroleum share auction
US jet fuel imports reach two-year high amid surge from Nigeria's Dangote refinery
Jet fuel imports into the United States rose to their highest level in two years in March, following a sharp increase in shipments from Nigeria’s Dangote refinery,
Taiwan to import Alaska LNG project gas, pressure on Korea to follow suit
Taiwan has agreed to collaborate with the Alaska Gasline Development Corporation on a $44bn pipeline project in a move now expected to bolster its leverage in tariff negotiations with the United States.
OPEC+ announces new cuts to balance out higher output
OPEC+ has unveiled a fresh strategy to enforce additional production cuts, aimed at counterbalancing an uptick in output among its member nations.
NextDecade gets permit reinstated by court for Rio Grande LNG project
Houston-headquartered NextDecade has had its permit for the Rio Grande LNG project in Texas reinstated by a court ruling.
Canadian government invests CAD200mn in Cedar LNG Project
Cedar LNG, a joint venture between Pembina Pipeline and the Haisla Nation has been granted CAD200mn in financing from the Canadian government under its Strategic Innovation Fund, Mark Carney’s administration announced.
Venture Global granted export licence for CP2
US LNG producer Venture Global has been granted a conditional export licence for its Calcasieu Pass 2 facility in Louisiana.
Greenpeace must pay $660mn over Dakota Access protests
After an unexpectedly short trial, a North Dakota jury has ordered Greenpeace to pay $660mn to Texas-based midstream firm Energy Transfer for the green group's involvement in the Dakota Access pipeline protests.
Venezuela faces Chevron’s imminent exit amid declining oil production
Chevron faces an abrupt departure from Venezuela after the US Treasury revoked its special licence, a move analysts say could significantly impact on the Latin American country's already fragile economy.
Venezuela’s Maduro escalates attacks on Exxon
Venezuela’s government continues to target Exxon Mobil, accusing the US energy giant of fuelling diplomatic tensions with Guyana over the disputed Essequibo region.
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