NorthAmOil - North America Oil & Gas

Viper to buy Sitio for $4.1bn in Permian boost

Diamondback’s Viper Energy subsidiary is expanding its minerals and royalties presence via the $4.1bn acquisition of Sitio Royalties

Petronas denies Canada exit, reaffirms commitment to LNG investment

Malaysian energy giant Petroliam Nasional Bhd (Petronas) has rejected claims that it is planning to exit Canada, asserting its long-term commitment to the country’s energy sector

EOG to expand in Utica with $5.6bn Encino acquisition

EOG Resources has struck a deal to acquire Encino Acquisition Partners from the Canada Pension Plan Investment Board and Encino Energy for $5.6bn.

IGU on LNG risks and opportunities

Venture Global begins site work at CP2 after federal approval

Ambitious US LNG producer Venture Global has reached another milestone announcing that it has broken ground on Calcasieu Pass 2 its third LNG facility.

Nigeria increases crude exports to US following technical issues at Dangote refinery

Nigeria has increased its crude exports to the US to 364,000 barrels per day from 358,000 bpd following a reduction of daily fuel production at 650,000 bpd Dangote refinery between April and May.

Japan’s JERA expresses interest in Alaska LNG project

Japan’s largest oil and gas trader, JERA, has indicated it is interested in purchasing LNG from the proposed Alaska LNG project, as a delegation of top energy and government officials prepares to travel to the US for negotiations.

Iraqi-US relations sour following deal with Kurdistan Regional Government

Iraq’s position on the US oil sector investment has soured, with the country filing a lawsuit on May 26 that accused the US government of allowing companies under its control to agree to oil exploration and production deals directly with the KRG.

Chevron shareholder votes illustrate declining appetite for investor resolutions

Chevron shareholders have rejected three stockholder proposals, illustrating the declining investor appetite for proposals on ESG matters.

Glenfarne selects Worley for additional Alaska LNG pipeline work

Glenfarne Alaska LNG announced on May 27 that it had selected Worley to carry out additional engineering work and prepare a final cost estimate for the planned Alaska LNG pipeline.

Cheniere strikes deal to buy gas from CNRL

US LNG exporter Cheniere Energy has struck a deal to buy natural gas from Canadian Natural Resources Ltd (CNRL).

Chevron ends Venezuelan oil production, investment, exports

Chevron has ended its oil production contracts in Venezuela, after its US licence to operate there was cancelled.

Chevron ends Venezuelan oil production, investment, exports

Chevron has ended its oil production contracts in Venezuela, after its US licence to operate there was cancelled.

Citgo auction extended as Venezuela's PDVSA wins key US court battle in $1.5bn debt dispute

A US federal judge has extended the deadline for bidding on Citgo Petroleum's parent company until June 2, following a significant New York court ruling that has reduced litigation risks surrounding Venezuela's most valuable overseas asset.

Quebec reconsiders reviving LNG export terminal in eastern Canada

Quebec finds itself in a seesaw battle as the province weighs whether to push ahead with the revival of the Energie Saguenay LNG project.

Venezuela's Citgo auction extended as US court ruling reduces litigation risk

A US federal judge has extended the bidding deadline for the sale of shares in Citgo Petroleum, Venezuela’s most valuable foreign asset, granting prospective buyers until June 2, 2025, to submit revised proposals

Woodfibre LNG receives first modules from China

Canada’s Woodfibre LNG project has reached another milestone with the delivery of the first seven modules to the location site.

South Africa proposes buying LNG from US as part of bilateral trade deal

South Africa has offered to buy liquefied natural gas (LNG) from the United States over a 10-year period as part of proposals to secure a trade deal, according to a ministerial statement posted on the government news agency SA News' website.

US invites Japan, South Korea and Taiwan to Alaska for energy talks amid trade tensions

Donald Trump has long urged allies including Japan and South Korea to increase purchases of American energy, frequently tying these demands to tariffs and broader trade discussions.

INTERVIEW: Revamping oil and gas learning

The University of Calgary, located in Canada’s oil and gas heartland of Alberta, will relaunch its oil and gas engineering major this September, after suspending the programme in 2021 because of dwindling enrolment numbers.

BLOG: Efforts to tackle methane emissions continue, despite Trump’s regulatory rollback

Momentum behind improved methane monitoring, quantification and mitigation continues to build in the US – even without the same regulatory pressure.

Renewables could cut Mexico's dependence on US gas imports, study shows

Mexico could reduce reliance on imported US natural gas by 20% through renewable energy expansion, achieving Mexican President Claudia Sheinbaum's target of 45% clean electricity generation by 2030

Enbridge selling $516mn stake in Westcoast pipeline to indigenous groups

Canada’s Enbridge has struck a deal to sell a 12.5% stake in its Westcoast gas pipeline system to Stonlasec8 Indigenous Alliance, a group representing 36 First Nations in British Columbia, for CAD715mn ($516mn).

Continental files lawsuit against Hess, alleging fraud

Privately owned shale producer Continental Resources has filed a lawsuit alleging that it has been defrauded out of up to $69mn through a series of deals that Hess had made with its subsidiaries.

China’s Guangdong Pearl River strikes LNG deal with ConocoPhillips

China’s Guangdong Pearl River Investment Management Group has signed a 15-year LNG sale and purchase agreement with ConocoPhillips, with supply thought likely to be coming from the US.