NorthAmOil - North America Oil & Gas

Chevron sets new quarterly record in Permian

Chevron set a new quarterly record for Permian Basin production, of 772,000 barrels of oil equivalent per day in the second quarter of 2023. It was an 11% increase year on year.

ExxonMobil plans to double LNG production by 2030

ExxonMobil has ambitious plans to produce around 40mn tonnes per year of LNG by the end of the decade, the company’s senior vice-president of LNG marketing, Andrew Barry, told Nikkei Asia on July 19.

NorthAmOil: Alberta premier says province will not recognise Ottawa’s net-zero mandates

Alberta premier: province will not recognise Ottawa’s net-zero mandates

Tensions are still high between Alberta, Canada’s oilpatch, and the federal government over net-zero mandates.

Oklahoma may sue gas marketers over manipulation

Oklahoma may sue natural gas marketers over alleged manipulation during a winter storm that hit the central US in 2021.

Chevron to acquire PDC Energy in $6.3bn deal

Chevron is to acquire PDC Energy in an all-stock deal worth $6.3bn.

ExxonMobil to pay $4.9bn for Denbury, carbon capture and storage company

ExxonMobil will become the largest owner-operator of carbon dioxide (CO2) pipelines in the US with its recently announced $4.9bn purchase of Denbury.

Mountain Valley case appealed before US Supreme Court

Equitrans Midstream, the operator of the Mountain Valley Pipeline (MVP), has asked the US Supreme Court for an emergency decision on a federal court’s latest ruling, last week, which halted construction of the almost completed gas pipeline.

US shale oil activity likely to decline later in 2023 – EIA

US shale oil production is likely to decline slightly later in 2023, according to the Energy Information Administration’s (EIA) latest drilling productivity report.

BP, Shell initiate arbitration claims against Venture Global LNG

BP and Shell are pursuing arbitration claims against Venture Global LNG, according to Reuters.

Cheniere Energy sets sights on new gas pipeline to support LNG expansion

US LNG exporter Cheniere Energy is considering constructing a new pipeline to feed its Sabine Pass expansion project in Louisiana to other pipelines in key shale gas production areas in an effort to diversify its risk Reuters reported on July 19.

Tellurian: Driftwood is likely the last big US LNG project to join construction wave

US LNG developer Tellurian feels its Driftwood LNG project based in Louisiana is likely the last of the large proposed LNG export projects in the US with a viable chance of shipping supplies internationally by the end of the decade.

Chevron choosing to buy rather than build LNG processing facilities

Chevron head of global gas Freeman Shaheen says the company is fine with buying US LNG on long-term contracts versus building its own domestic export terminal, Reuters reported on July 15.

More than 75% of oil, gas production in US Gulf has lower than average GHG intensity – new analysis

More than three-quarters of oil and gas production in the US Gulf of Mexico exhibits lower greenhouse gas intensity compared to the US Gulf-wide average. This is according to a new analysis by S&P Global Commodity Insights.

NextDecade to proceed with $18.4bn Texas LNG project

NextDecade Corp. has made a positive final investment decision to construct the first three liquefaction trains (Phase 1) at the company’s 27mn tpy Rio Grande LNG (RGLNG) export facility on the US Gulf Coast.

Pinnacle adds processing capacity in Midland basin

Pinnacle Midstream II is expanding its Dos Picos system and processing complex with the construction of an additional natural gas processing plant, Train II. The Dos Picos complex is in the Midland basin in west Texas, in the Permian.

Mountain Valley Pipeline halted again

Construction has once again been halted on the Mountain Valley Pipeline (MVP). A federal court in Richmond, Virginia has again halted construction of the line, and this time the dispute could end up at the Supreme Court.

Two New Mexico counties account for 29% of Permian Basin crude production

Two counties in New Mexico account for 29% of Permian Basin crude production, according to the Energy Information Administration (EIA).

Cheniere avoiding Panama Canal for LNG amid delays

Cheniere Energy is avoiding the Panama Canal to transport LNG from the US Gulf of Mexico to Asia, the LNG exporter’s chief operating officer, Corey Grindal, has told reporters in Vancouver, Canada.

NorthAmOil: Buffett to control US LNG plant in $3.3bn transaction

Buffett to control US LNG plant in $3.3bn transaction

Berkshire Hathaway Energy (BHE) has agreed to buy Dominion Energy’s 50% limited partnership stake in Cove Point LNG in Maryland for $3.3bn.

Centrica signs 15-year LNG supply deal with Delfin Midstream

Centrica plc, the parent company of British Gas, has agreed to a 15-year LNG supply deal with US-based LNG export project developer Delfin-Midstream, Reuters reported on July 11.

Coastal GasLink to deliver Montney gas by end of 2023

The Coastal GasLink will be completed by the end of December. The line is currently 90% complete, said Coastal GasLink in a press release. TC Energy is the owner.

New Mexico, Alaska regulators fine companies over gas flaring, blowout and leak

New Mexico regulators have levied an unprecedented fine over flaring. The $40.3mn fine, against Ameredev, a Texas E&P, is the highest ever.

Trans Mountain heavy crude initially likely to be exported to US not Asia

Most Canadian crude from the Trans Mountain pipeline expansion (TMX) is likely to be exported to the US West Coast not Asia, analysts and traders have told Reuters.