NorthAmOil - North America Oil & Gas
Oil prices surge on Trump threat to slap tariffs on Russian oil
Should tariffs come into force, Russian flows to its key customers could drop, tightening supply and potentially prompting OPEC+ to act to stabilise the market, according to Rystad.
Vitol mulls $3bn sale of US shale producer
International commodities trader Vitol is considering the $3bn sale of its remaining US shale business. VTX Energy Partners produces oil and gas from US shale plays.
Focus on Haynesville as Trump boosts prospects of US LNG
There are early signs that the Haynesville, the US gas basin in east Texas and Louisiana, is seeing more activity.
Beijing blocks BlackRock's Panama port deal amid US-China tensions
The proposed sale of two key Panamanian ports by Hong Kong-based CK Hutchison to a consortium led by BlackRock has hit a roadblock, as China exerts pressure to halt the deal.
India's GAIL to receive Qatar LNG deliveries this month, plans more deals
India’s gas transmission and distribution company GAIL (India) is due to begin receiving Qatari LNG this month, marking the start of a new round of contracts designed to meet the country’s growing energy needs.
Federal judge rules against Biden-era Gulf of Mexico oil and gas auction
A US federal judge has ruled that a major Biden-era oil and gas lease sale in the Gulf of Mexico was improperly approved, citing failures to fully assess environmental impacts, including effects on climate change and an endangered whale species.
WhiteHawk Energy expands Marcellus shale holdings
WhiteHawk Energy has announced a $118mn acquisition that doubles its stake in its Marcellus shale mineral and royalty interests across 475,000 acres (193 sq km) in Pennsylvania’s Washington and Greene counties.
Germany’s SEFE agrees to buy LNG from Delphin under 15-year deal
US LNG producer Delphin Midstream has signed a 15-year heads of agreement deal to supply 1.5mn tonnes per year of LNG to Berlin-headquartered Securing Energy for Europe.
Venture Global requests FERC permission to start Calcasieu Pass
The US’s second-largest LNG producer Venture Global has requested approval from federal regulators to begin operations at the firm’s Calcasieu Pass LNG export terminal and its TransCameron pipeline project in Louisiana.
Shell targets 5% annual increase in LNG sales over next 5 years
Shell is aiming for a 4-5% annual increase in LNG sales over the next five years, stated the supermajor’s finance chief, Sinead Gorman.
Trading firm Vitol enters bidding race in Citgo auction, Red Tree selected as stalking horse
Vitol, a prominent trading firm, has entered the bidding race to acquire US refiner Citgo and filed a request with a federal court seeking further details on the stalking horse bid.
US tariffs on Venezuelan oil put China, India, Spain in spotlight
Washington’s move to impose 25% secondary tariffs on nations purchasing Venezuelan oil and gas has drawn sharp reactions, particularly from China, the top buyer of the South American country’s crude.
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