NorthAmOil - North America Oil & Gas
Reports of potential Civitas-SM merger showing M&A opportunities remain in US shale
Civitas Resources and SM Energy are reportedly in talks over a potential merger, showing that M&A opportunities still remain for shale players.
Repsol deepens US ties to revive frozen operations in Venezuela
Spanish energy giant Repsol is stepping up its efforts to restore operations in Venezuela, recalibrating its strategy to align more closely with the priorities of the administration of President Donald Trump.
Colombia's exports of oil and petroleum products plummeted in August
Colombia’s petroleum product exports fell 25.8% compared with a year earlier, with crude oil volumes reaching 11.2mn barrels representing a 24.4% year-on-year decrease.
Argentina expands support in YPF lawsuit
The Argentinian treasury attorney's office has secured support from a dozen countries and international organisations in its appeal against a US court ruling this summer that could force the country to surrender its stake in state-owned YPF.
Chevron reportedly seeking to sell pipeline assets in US’ DJ Basin
Chevron is reportedly seeking to sell a set of pipeline assets in the Denver-Julesburg Basin.
Berkshire Hathaway to buy US firm Occidental’s OxyChem unit for $9.7bn
Berkshire Hathaway has agreed to buy Occidental Petroleum’s chemical business, OxyChem, for $9.7bn in cash.
US supreme court to hear ExxonMobil Cuba asset seizure case
The US Supreme Court agreed on October 3 to hear ExxonMobil's lawsuit seeking compensation from Cuban state-owned entities for petroleum assets nationalised in 1960, valued at over $700mn currently
US court upholds ruling against PDVSA in expropriation dispute
The US Court of Appeals for the DC Circuit ruled that PDVSA functions as an “alter ego” of the Venezuelan state, meaning that the country effectively took Helmerich’s assets in breach of international law
EU prepares for winter of heavy US LNG reliance
The EU is preparing for a winter of heavier dependence on US LNG as pipeline flows from Russia and Algeria weaken and storage levels remain under pressure.
US political momentum and African reforms open new chapter for energy investment
The current political momentum in the US and comprehensive regulatory reforms across Africa’s energy sector are aligning to open a new chapter in transatlantic investment.
India emerges as key buyer of Iranian crude despite US pressure
India has re-emerged as a significant buyer of Iranian crude oil, joining China in defying renewed American efforts to curb Tehran’s energy exports, according to Iranian officials.
Canada pumps the brakes on Quebec LNG project
Canadian officials have cooled on proposed plans for an LNG plant in Quebec.
LNG Canada expected to start second liquefaction train soon
LNG Canada is preparing to begin start-up of its second liquefaction train, a spokesperson for the Shell-led facility.
Shell doubles down on LNG predicting demand to rise by 60% by 2040
CEO predicts LNG’s role as a transition fuel will grow and comprise 20% of global natural gas sales by 2040.
Brazil to boost LPG imports for subsidy scheme
Brazil’s main LPG distributors will increase imports, largely from the United States, to supply demand expected from the government’s Gas do Povo subsidy, executives said during Liquid Gas Week in Rio de Janeiro.
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