NorthAmOil - North America Oil & Gas
Toronto-listed Condor kicks off multi-well programme in Uzbekistan
Toronto-listed Condor Energies has started a multi-well drilling programme in Uzbekistan as it seeks to expand gas and condensate reserves and increase production capacity.
Blue Water bids $10bn for Venezuela’s Citgo, offers bondholders cash and equity
Blue Water Acquisition Corp., a special purpose acquisition company, has submitted a $10bn offer for PDV Holding, the parent company of Venezuelan refiner Citgo Petroleum, including a $3.2bn settlement for holders of a defaulted Venezuelan bond
Venezuela reports crude output growth amid US sanctions and regional tensions
State-owned Petróleos de Venezuela (PDVSA) reported that the country’s crude oil production continues to expand despite ongoing sanctions and external pressures
A tale of two majors
BP has been unable to sell its stake in Rosneft despite pledging to leave Russia in 2022, while ExxonMobil, forced out of Sakhalin-1 the same year, may now be invited back under new Kremlin rules.
Chevron’s return helps push Venezuela’s oil exports to highest since November
Venezuela’s crude exports climbed to their strongest level since November, topping 900,000 barrels per day (bpd) in August, after Washington granted Chevron a licence to resume shipments to the United States
ConocoPhillips selected by Monkey Island LNG to provide liquefaction technology
Louisiana-based Monkey Island LNG has chosen ConocoPhillips to provide its optimized cascade process liquefaction technology to be used at its export facility.
US introduces bill to aid LNG exports to Taiwan
A bipartisan bill was introduced by two Senators on September 5 seeking to boost LNG exports to Taiwan.
Canada considers LNG export terminal in Saint John
New Brunswick’s Minister of Natural Resources is touting the eastern province for an LNG export terminal.
Canada’s Woodfibre LNG sees costs skyrocket as construction hits halfway point
The delivery of four more plant modules comes with a new cost estimate of a 73% increase for the project.
ConocoPhillips to cut global workforce by 20-25%
ConocoPhillips confirmed to several media outlets on September 3 that it was planning to reduce its global workforce by 20-25%.
Plains to buy 55% in EPIC Crude for $1.6bn
A subsidiary of Plains All American Pipeline and Plains GP Holdings has agreed to buy a 55% non-operated stake in EPIC Crude Holdings from Diamondback Energy and Kinetik Holdings for around $1.57bn.
Cenovus’ plan to take over MEG faces opposition
Cenovus Energy has agreed to acquire MEG Energy but the deal is not guaranteed to close.
EQT to buy LNG from Rio Grande Train 5
US gas producer EQT announced on September 3 that it had agreed to buy LNG from the proposed fifth train at NextDecade’s Rio Grande LNG.
Maduro accuses US of plot to seize Venezuela’s oil
Maduro said the White House is “fabricating a narrative” about drug trafficking to mask its true intentions
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