NorthAmOil - North America Oil & Gas

COP28: ExxonMobil CEO rails against fossil fuel phase-out, tells summit to focus on emissions

ExxonMobil’s CEO, Darren Woods, has told the COP28 meet in Dubai that the world should focus on reducing emissions rather than phasing out fossil fuel.

COP28 leader defends controversial remarks

Sultan al-Jaber, the oil executive who is leading the COP28 climate summit in Dubai, has rocked the conference with highly controversial remarks that there is “no science” that phasing out fossil fuels is necessary.

COP28: Major oil companies pledge to cut methane emissions

About half of the world's oil firms, totalling almost 50 companies, have committed to achieving "near zero" methane emissions and discontinuing routine flaring in their operations by 2030, and achieving net zero by 2050.

OPEC+ extends voluntary cuts as Brazil prepares to join

The group failed to agree on an additional cut that would apply to all members, so leading producers have once again decided to cut over and above the OPEC+ quotas

NorthAmOil: Alberta unveils CCUS initiative as COP28 opens in Dubai

Alberta unveils CCUS initiative as COP28 opens in Dubai

Canada's main oil-producing province, Alberta, has unveiled a new initiative aimed at reducing emissions tied to climate change.

Chevron, Shell are hampering efforts by US to refill the SPR, says report

Major oil companies are delaying return of their borrowed barrels to the Strategic Petroleum Reserve (SPR).

ExxonMobil reverses course on methane emissions oversight

ExxonMobil has opted to participate in the UN's primary programme for reporting methane emissions, aiming to project a more transparent image following a period of resisting external scrutiny of its climate change efforts.

Canada’s oil, gas producers to drill 8% more wells next year

Canada’s oil and gas producers will drill 8% more wells next year, in large part because of greater access to pipelines such as the Trans Mountain expansion, said the Canadian Association of Energy Contractors.

Delfin, ARC sign long-term LNG and gas agreements with Gunvor, Cheniere

Delfin Midstream Inc. and Gunvor Group have announced that Gunvor Singapore Pte has entered into a long-term LNG sale and purchase agreement with Delfin LNG.

Pemex’s Texas Deer Park refinery hits 16-year operational peak

The Deer Park refinery, nestled in Houston, Texas, has achieved its most impressive operational and financial performance in over 16 years after Mexico’s state-owned energy major Pemex took over the facility.

Output growth expected in western Canada with more takeaway

Alberta's oil sands production is once again challenging the existing pipeline capacity, especially to the Pacific Coast. This is a familiar scenario for Canadian producers, but will soon change.

Gulf of Mexico spill shuts in seven producers, 3% of the region’s production

An oil spill in the Gulf of Mexico is now estimated at 1.1mn gallons or more, and it has shut in six producers.

NorthAmOil: Gulf of Mexico spill shuts in seven producers, 3% of the region’s production

Kimmeridge backs Chesapeake acquisition of Southwestern

Kimmeridge Energy Management, an active and outspoken US oil and gas investor, said a merger of Chesapeake Energy and Southwestern Energy would create one of the industry’s most sought-after stocks.

ConocoPhillips seeks more time for possible Willow pause

ConocoPhillips Alaska is seeking more time if there is a halt of the company’s Willow project in Alaska.

Freeport LNG receives federal approval to restart full operations

US LNG producer Freeport LNG was granted approval by the Federal Energy Regulatory Commission on November 22 to return to service its Phase II infrastructure.

Karoon to acquire stake in Gulf of Mexico assets for $720mn

Australia-based Karoon Energy has announced deals worth $720mn to purchase stakes in offshore oil and gas fields in the US Gulf of Mexico from LLOG Exploration.

NorthAmOil: Exxon aims to become a leading lithium producer for EVs

Exxon aims to become a leading lithium producer for EVs

US supermajor Exxon Mobil's goal is to become a major lithium producer for electric vehicle batteries. Lithium is the major component in today’s EV batteries.

WhiteHawk announces $54mn purchase of core Marcellus gas assets

WhiteHawk Energy has announced the purchase of additional Marcellus Shale natural gas mineral and royalty assets for $54mn.

North America’s LNG export capacity likely to more than double by 2027

North America’s LNG is likely to more than double by 2027, said the US Energy Information Administration (EIA). The agency considers the US, Canada and Mexico to be North America.

Trans Mountain re-starts work on pipeline in British Columbia

Work has resumed after a stoppage on the Trans Mountain oil pipeline expansion in western Canada. The Canada Energy Regulator had ordered owner Trans Mountain to halt work because of environmental and safety issues.

Chevron exploring sale of Haynesville assets in east Texas

Chevron is considering selling all of its Haynesville assets in east Texas. If such a sale of the shale acreage proceeds, the supermajor would indeed be slimming down after agreeing in late October to purchase Hess for $53bn in stock.

Sempra’s Port Arthur LNG terminal faces hurdle as court removes emissions permit

An emissions permit for US energy company Sempra’s Port Arthur LNG facility has been removed by a US Court potentially throwing a spanner in the project’s construction.