NorthAmOil - North America Oil & Gas

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Oil & Gas

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Overview

The publication continues to provide weekly coverage of upstream, midstream and downstream news, spanning shale oil and gas, LNG, oil sands, transport by pipeline and rail, company performance and regional energy policy – on both national and state or provincial levels. NorthAmOil provides regular updates on the status of major proposed projects in both the US and Canada. The publication also looks at more distant prospects, such as offshore Arctic drilling.

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Engie stalls $7bn US LNG deal after government pressure

28 October 2020

France’s Engie has reportedly delayed signing a $7bn contract to buy US LNG from NextDecade following pressure from the French government.

Services giants post third-quarter losses

22 October 2020

The US’ largest oilfield services firms, Schlumberger, Halliburton and Baker Hughes, have all reported a further set of losses for the third quarter of 2020.

Kinder Morgan receives green light to start Acadiana construction

22 October 2020

Kinder Morgan has received permission from the US Federal Energy Regulatory Commission (FERC) to begin construction on the Acadiana natural gas expansion project in Louisiana.

ConocoPhillips sets net-zero emissions goal

22 October 2020

ConocoPhillips, the largest independent US oil and gas producer, has unveiled a goal of net-zero greenhouse gas (GHG) emissions from its operations by 2050.

Merit SI completes solar plant for Enbridge compressor station

22 October 2020

Houston-based sustainable infrastructure company Merit SI announced last week that it had completed construction on a solar power plant that will directly help power a compressor station on a natural gas pipeline.

Ottawa approves Nova Gas Transmission expansion

22 October 2020

The Canadian government has approved a CAD2.3bn ($1.7bn) expansion of the Alberta portion of TC Energy’s Nova Gas Transmission Ltd (NGTL) gas-gathering and transportation system.

US oil and gas M&A activity gains momentum

22 October 2020

Two further major M&A deals involving US oil producers have been confirmed over the past week as consolidation picks up.

NRG: Challenges ahead

20 October 2020

Certain developments in recent days illustrate the scale of ongoing challenges for the oil and gas industry, but various players are forging ahead undeterred.

Unplanned outages plague LNG plants

16 October 2020

A handful of liquefaction terminals around the world are dealing with unplanned outages.

ConocoPhillips reportedly in talks to take over Concho

15 October 2020

According to a Bloomberg report, ConocoPhillips is in talks to acquire shale producer Concho Resources, with a deal potentially coming in the next few weeks.

Diamondback’s third-quarter update shows output bottoming

15 October 2020

Diamondback Energy released an operational update on its third-quarter performance this week. The results show that the company’s production fell slightly on the previous quarter to 287,300 barrels of oil equivalent per day.

Some construction allowed to resume on Mountain Valley pipeline

15 October 2020

The US Federal Energy Regulatory Commission (FERC) has given Equitrans Midstream permission to resume some construction on the Mountain Valley pipeline from Virginia to West Virginia.

US oil and gas operations recover from latest hurricane-related outages

15 October 2020

Oil and gas production was coming back online in the US Gulf of Mexico this week following the latest weather-related disruptions, this time caused by Hurricane Delta.

Recovery remains elusive for Alberta

15 October 2020

Alberta’s oil output remains below what it was prior to the COVID-19 pandemic and the path forward looks increasingly challenging for the province’s producers.

Options for Permian Basin gas

14 October 2020

The Permian Basin is set to experience a net decline in production this year and does not need as much pipeline capacity as anticipated, but it is exporting more gas to Mexico and deliveries may continue to increase.

NextDecade targets carbon neutrality at proposed Rio Grande LNG project

14 October 2020

Houston-based NextDecade announced last week that it would be targeting carbon neutrality at its proposed Rio Grande LNG project in Brownsville, Texas.

NRG: Countervailing forces

13 October 2020

Oil prices and energy demand are under pressure on both sides from storms, COVID-19 outbreaks and climate concerns.

Cameron LNG re-opens only to shut again ahead of Hurricane Delta

8 October 2020

An LNG cargo was shipped from Sempra Energy’s Cameron LNG terminal in Louisiana on October 5, the first since it was shut down in response to Hurricane Laura. However, the terminal is now being shut again ahead of Hurricane Delta.

Pioneer cuts more jobs

8 October 2020

Pioneer Natural Resources, a leading Permian Basin-focused shale driller, has reportedly laid off 300 more people this week.

Chevron edges ahead of ExxonMobil to become largest US oil company

8 October 2020

Chevron has overtaken ExxonMobil to become the US’ largest oil and gas company by market capitalisation. Chevron was valued at $142bn on October 7, edging ahead of ExxonMobil at $141.6bn.

Deals close as US industry consolidation gains momentum

8 October 2020

The closing of Chevron’s acquisition of Noble Energy comes as M&A activity in the US energy industry appears to be picking up.

TC Energy offers to buy remainder of TC PipeLines

7 October 2020

North American midstream player TC Energy has proposed buying all of the shares of TC PipeLines, an indirect subsidiary and master limited partnership (MLP), that it does not already own.

Edited by

Anna Kachkova

Editor

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