NorthAmOil - North America Oil & Gas
EIA sees North American LNG export capacity more than doubling by 2029
Planned liquefaction capacity additions in North America will see total capacity across the continent more than double by 2029, the US Energy Information Administration (EIA) said last week.
US court rulings deepen legal battle over Citgo
A New York federal court has ordered Venezuela’s state-owned oil company, PDVSA, to pay $2.86bn to holders of defaulted bonds
US oilfield services firms SLB, Halliburton beat analyst expectations in third quarter
US-based oilfield services giants SLB and Halliburton both beat analyst expectations with their third-quarter results, released over the past week.
US utility CenterPoint to sell Ohio gas distribution assets for $2.6bn
Utility CenterPoint Energy has agreed to sell its Ohio natural gas local distribution company, Vectren Energy Delivery of Ohio, to National Fuel Gas for $2.62bn.
US pipeline player Williams to invest in Louisiana LNG project
US pipeline company Williams is partnering with Woodside Energy to invest in the Louisiana LNG project.
JERA to purchase US shale-gas assets for $1.5bn
Under the agreement, JERA will acquire 100% of the interests held by Williams Companies and GEP Haynesville II in the South Mansfield gas field, located in Louisiana’s Haynesville Shale basin.
India, US near major trade deal cutting tariffs to 15–16% if New Delhi will limit Russian crude imports
India and the United States are close to finalising a long-awaited bilateral trade deal that could sharply lower tariffs on Indian exports to about 15–16% from the current average of 50%
Venezuela tells Trinidad and Tobago to pay for gas, rejects US mediation
Venezuelan Vice President Delcy Rodríguez warned Trinidad and Tobago that they must pay for Venezuelan gas if they wish to access it
Venture Global gets approval to add natural gas in final block of Plaquemines
US LNG giant Venture Global has been given the green light by federal regulators to begin adding natural gas into the firm’s Plaquemines LNG plant.
Citgo and Venezuela urge court to dismiss Elliott subsidiary’s low bid
The challenge comes as the court works to finalise the sale of PDV Holding, Citgo’s parent company, to compensate up to 15 creditors affected by Venezuela’s debt defaults and expropriations
Gold Reserve challenges Citgo auction over alleged conflict of interest
The company filed a complaint on October 20, alleging that the firms overseeing the sale received roughly $170mn in fees from parties with a vested interest in the outcome
Court throws out permit for Commonwealth LNG
State review ordered to assess the project’s emissions impact on nearby communities.
NextDecade take FID on Train 5 at Rio Grande plant
US LNG producer NextDecade has taken a positive final investment decision (FID) on Train 5 at its Rio Grande LNG export terminal in Brownsville, Texas.
US judge orders PDVSA to pay $2.86bn as Citgo auction faces new scrutiny
The decision, issued on October 17 by the Southern District of New York, follows a previous judgment upholding the validity of Venezuela’s defaulted bonds. The debt in question is backed by shares in Citgo Petroleum
US oil companies return to Iraq as American military plans withdrawal
Major US oil companies return to Iraq with ExxonMobil signing Majnoon field development agreement on October 8, as American military prepares withdrawal by September 2026 amid intensifying US-China competition.
India to expand US energy imports amid tensions over Russian oil
India is seeking to boost its purchases of crude oil and natural gas from the US as part of a broader effort to diversify energy sources and ease tensions following US President Donald Trump’s criticism of New Delhi’s continued imports of
Venezuelan bonds surge as investors bet on political shifts and US pressure
The rally marks a dramatic turnaround for debt that has languished in default since 2017, when US and international sanctions effectively blocked the country from any restructuring process
Viper reportedly exploring sale of US assets beyond Permian
Viper Energy, the mineral and royalties arm of US shale producer Diamondback Energy, is reportedly exploring a sale of its assets outside of the prolific Permian Basin.
ARM Energy to build Mustang Express pipeline to US Gulf Coast
ARM Energy has made a final investment decision on the Mustang Express natural gas pipeline in Texas.
Strathcona withdraws from battle for Canada’s MEG
Strathcona Resources has terminated its hostile takeover bid for MEG Energy after rival bidder Cenovus energy sweetened its own takeover offer for MEG.
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