NorthAmOil - North America Oil & Gas

Plains, Oryx partner in Permian

Plains All American Pipeline and Oryx Midstream announced this week that they had agreed to merge their operations in the prolific Permian Basin into a new joint venture.

Penn Virginia to acquire Lonestar for $370mn

Penn Virginia announced this week that it had agreed to acquire Lonestar Resources US for $370mn in an all-stock transaction in Texas’ Eagle Ford shale play.

Chesapeake joins gas certification push

Chesepeake Energy is the latest US natural gas producer to announce that it will certify some of its output as responsibly sourced gas.

Shell proposes second CCS project for Alberta

Royal Dutch Shell has proposed building a large-scale carbon capture project to capture emissions from its Scotford refinery and chemical plant.

Tellurian terminates agreement with TotalEnergies

US-based Tellurian said in a federal filing this week that it had terminated stock and LNG purchase agreements that it had previously signed with France's TotalEnergies for the proposed Driftwood LNG export terminal in Louisiana.

Chevron reportedly considers closing Pasadena refinery unit

Chevron is reported to be considering permanently shutting down the fluidic catalytic cracker (FCC) at its 112,229 barrel per day (bpd) refinery on the Houston Ship Channel in Pasadena, Texas.

NorthAmOil: Chevron reportedly considers closing Pasadena refinery unit

Chevron is reported to be considering permanently shutting down the fluidic catalytic cracker at its 112,229 barrel per day refinery on the Houston Ship Channel in Pasadena, Texas.

USMCA signatories remain concerned about Mexico’s energy policy

Washington and Ottawa are paying close attention to the Mexican president’s displays of favour for Pemex and other state-owned companies, according to US and Canadian trade officials.

EQT rolls out four-year net-zero plan

Pittsburgh-based EQT, an independent natural gas producer and pipeline operator, says it intends to bring its net carbon emissions down to zero in just four years.

Suncor, Cenovus put cost of net-zero pledge at nearly $60bn

The Canadian oil sands industry will need to spend approximately CAD75bn ($59.75bn) to reduce its net greenhouse gas emissions to zero by 2050, according to the heads of Suncor Energy and Cenovus Energy.

TC Energy to seek $15bn in compensation for cancellation of Keystone XL

TC Energy (Canada) has taken the first step towards seeking compensation from the US government for the revocation of a cross-border permit for the Keystone XL oil pipeline.

North Dakota sues federal government over BLM’s cancellation of lease auctions

North Dakota has filed suit against the federal government, seeking compensation for the losses it has sustained as a result of the cancellation of auctions for oil and gas leases.

Pieridae Energy considering “new direction” for Goldboro LNG

Pieridae Energy (Canada) is considering several options for the Goldboro LNG export terminal in Nova Scotia after failing to decide whether to proceed with the project by the deadline of June 30.

Big Oil faces more heat in the US on climate

Just days after a senior Exxon lobbyist described efforts to undercut climate action in the US, the heat is being turned up on Big Oil. The US was the largest producer of oil globally in 2020, so the stakes are high.

NorthAmOil: EQT aims for net zero by 2025

Pittsburgh-based EQT, an independent natural gas producer and pipeline operator, intends to bring its net carbon emissions down to zero in just four years.

OPEC+ plans in disarray as meeting is cancelled

Delfin requests delay to FLNG plan

US-based Delfin LNG has asked federal energy regulators for more time, until September 2022, to bring the onshore facilities related to its proposed floating LNG (FLNG) export project off the coast of Louisiana into service.

North American pipeline players explore hydrogen

Several pipeline operators in North America have started experimenting with hydrogen in anticipation of its wider adoption in the future.

Chevron reportedly selling $1bn of conventional Permian assets

Super-major Chevron is selling two sets of conventional oil and gas assets in the Permian Basin, Reuters reported this week citing sources familiar with the matter.

ConocoPhillips cuts capex despite oil price increase

ConocoPhillips, the US' largest independent oil producer, has reduced its capital expenditure guidance for 2021 by $200mn to $5.3bn from $5.5bn previously.

Are US sanctions on Venezuela likely to be lifted any time soon?

Venezuelan President Nicolas Maduro is showing signs of willingness to make political concessions ahead of the November elections – and a determination to load the dice in his administration’s favour.

Supreme Court sides with PennEast Pipeline on land acquisition

The US Supreme Court has ruled that federally approved gas pipeline projects can seize state-owned land required for national infrastructure. The ruling came in the case of PennEast Pipeline vs the State of New Jersey.

Cheniere touts ESG progress

US LNG producer Cheniere Energy has provided an update on its progress on environmental, social and governance (ESG) initiatives in its 2020 corporate responsibility report, ‘Built for the challenge’, which was published this week.

Southwestern commits to RSG in Appalachia

Southwestern Energy announced last week that it had struck a deal with Project Canary to certify all of its Appalachian Basin shale gas output as being responsibly sourced.

NorthAmOil: Southwestern commits to RSG in Appalachia

Southwestern Energy announced last week that it had struck a deal with Project Canary to certify all of its Appalachian Basin shale gas output as being responsibly sourced.