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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Petrobras kicks off Gulf stake sale

19 February 2022

Brazil’s state-owned Petrobras said on February 16 that it had launched the non-binding phase of a process to sell its 20% stake in MP Gulf of Mexico, a joint venture with the US’ Murphy Oil, which owns the remaining 80%.

Alberta reportedly planning to toughen oil sands emissions standards

19 February 2022

The Alberta government is reportedly planning to close a loophole that allowed oil sands miners to claim millions of dollars’ worth of credit for their emissions.

Colgate reportedly considering sale or merger

19 February 2022

Private equity-backed Colgate Energy is reportedly considering a sale, as well as continuing to explore the possibility of an initial public offering.

Crescent to buy Uinta Basin assets for $815mn

18 February 2022

US independent Crescent Energy announced this week that it had struck a deal to buy assets in the Uinta Basin from Verdun Oil Company II, which were previously owned by EP Energy, for $815mn.

ConocoPhillips supplies Bakken gas to bitcoin miner

18 February 2022

US independent ConocoPhillips is supplying natural gas from North Dakota’s Bakken play to a bitcoin mining project, it emerged this week.

NorthAmOil: Alberta reportedly planning to toughen oil sands emissions standards

15 February 2022

The provincial government of Alberta is reportedly planning to toughen its greenhouse gas (GHG) emissions standards for oil sands mines.

Bakken Energy, Mitsubishi Power partner with indigenous group on hydrogen

13 February 2022

Bakken Energy and Mitsubishi Power Americas have said that they are partnering with the Mandan, Hidatsa, and Arikara (MHA) Nation, an indigenous group, on a clean hydrogen project.

Biden administration pushes on with lease sale plans

13 February 2022

The administration of US President Joe Biden is continuing to plan for future federal oil and gas lease sales despite a court ruling in January that invalidated the first lease sale it held.

Cenovus reports fourth-quarter loss on one-time charge

11 February 2022

Canada’s Cenovus Energy has posted a net loss of CAD408mn ($320mn) for the fourth quarter of 2021, down from a profit of CAD551mn ($433mn) in the third quarter of last year and a loss of CAD153mn ($120mn) in the final quarter of 2020.

Canadian government rejects Quebec LNG project

11 February 2022

The Canadian government has rejected GNL Québec’s Énergie Saguenay LNG project. The move follows a rejection from the provincial government of Quebec in July 2021 and could spell the project’s demise.

Canadian oil exports via Gulf Coast reach record highs

11 February 2022

Canadian producers are reported to have exported record crude volumes from the US Gulf Coast at the end of 2021 but continue to face some pipeline capacity constraints.

TotalEnergies exits North Platte project in Gulf

10 February 2022

France’s TotalEnergies announced on February 10 that it has decided not to sanction its North Platte project in the US Gulf of Mexico.

Crescent Point reportedly seeks to sell assets

9 February 2022

Canadian light oil producer Crescent Point Energy is reportedly seeking to sell some of its assets in Alberta and Saskatchewan.

NorthAmOil: Crescent Point reportedly seeks to sell assets

9 February 2022

Canadian light oil producer Crescent Point Energy is reportedly seeking to sell some of its assets in Alberta and Saskatchewan.

Cedar LNG awards FEED contract

9 February 2022

Canada’s Cedar LNG announced this week that it had awarded a front-end engineering and design (FEED) contract to Black & Veatch and Samsung Heavy Industries for its proposed floating LNG (FLNG) project.

US on track for LNG dominance

5 February 2022

The US is on track to be the world’s leading producer of LNG this year, with the Calcasieu Pass terminal preparing to export its first cargo.

ExxonMobil, Chevron see earnings bolstered by oil prices

5 February 2022

ExxonMobil and Chevron reported fourth-quarter profits, bolstered by stronger oil and gas prices, but some ongoing challenges have been reflected in the results.

ConocoPhillips beats expectations with fourth-quarter results

4 February 2022

ConocoPhillips has reported earnings of $2.6bn, or $1.98 per share, for the fourth quarter of 2021.

US judge annuls federal Gulf of Mexico lease sale

4 February 2022

A US federal judge has annulled the first Gulf of Mexico lease sale held by the administration of US President Joe Biden.

Enbridge partners with indigenous group on Alberta carbon storage hub

4 February 2022

Canada’s Enbridge has announced that it is partnering with the First Nation Capital Investment Partnership (FNCIP) – a group formed by four First Nations – to advance the proposed Open Access Wabamun Carbon Hub in Alberta.

Newfoundland and Labrador not ruling out Bay du Nord participation

4 February 2022

The government of Newfoundland and Labrador is not ruling out participating in Equinor’s Bay du Nord project in the offshore Flemish Pass Basin.

Earthstone to buy Bighorn Permian for $860mn

4 February 2022

Earthstone Energy announced on January 31 that it had agreed to acquire the assets of privately owned Bighorn Permian Resources for around $860mn.

Pressure builds on Biden to prioritise climate and energy provisions of Build Back Better

2 February 2022

Pressure is building within President Joe Biden’s own party for the White House to prioritise the climate and energy provision of the Build Back Better bill, stalled for more than a month in the US Senate.

Edited by

Anna Kachkova

Editor

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