NorthAmOil - North America Oil & Gas

Cheniere reportedly loads commissioning cargo from Corpus Christi Train 3

Leading US LNG exporter Cheniere Energy has reportedly loaded the commissioning cargo from the third liquefaction train at its Corpus Christi terminal in Texas.

Tough times for Alberta

Alberta’s oil producers are battling to survive a particularly challenging year, and the province is now considering ways to embrace greener industries, with implications for the provincial oil industry’s future.

Whitecap buying Torc for $442mn

Canada’s Whitecap Resources announced this week that it had struck a deal to acquire Torc Oil & Gas in an all-stock deal valued at around CAD565mn ($442mn).

Newfoundland and Labrador government offers lifeline to West White Rose

The government of the Canadian province of Newfoundland and Labrador announced last week that it would provide CAD41.5mn ($32.4mn) worth of funding for Husky Energy’s stalled West White Rose project.

88 Energy prepares to drill at Project Peregrine following farm-out

Australia-based 88 Energy is making progress with its Project Peregrine development in the National Petroleum Reserve-Alaska (NPR-A) on the state’s North Slope.

NRG: Oil market strategising

Policy decisions made this past week will have both long and short-term ramifications for the wider energy sector.

Chevron follows ExxonMobil in capex cut

Chevron followed rival super-major ExxonMobil in announcing a cut to its capital expenditure budget last week.

Despite friction, OPEC+ reaches output compromise

Maverick acquires FourPoint in all-equity deal

Maverick Natural Resources announced this week that it had acquired FourPoint Energy, the largest producer in the Western Anadarko Basin, spanning Oklahoma and Texas.

Fight over Enbridge’s Line 5 intensifies as Line 3 replacement receives final permit

The fight over Enbridge’s Line 5 has intensified in recent weeks, with Enbridge filing a legal challenge against a Michigan order to shut down the pipeline as a review of its proposed tunnel under the Straits of Mackinac is extended.

Suncor raises spending, production guidance for 2021

Suncor Energy, like fellow major Canadian producer Imperial Oil, Suncor is cautiously planning to raise capex and production next year.

ExxonMobil cuts capex amid $17-20bn write-down

ExxonMobil unveiled reduced capital expenditure plans for the coming years this week, as it warned of write-downs worth $17-20bn on assets across the Americas in its fourth-quarter earnings.

Sempra to combine US, Mexican LNG subsidiaries

California-based Sempra Energy has announced this week that it is simplifying its energy infrastructure business – a plan that entails combining its two LNG subsidiaries into a single unit.

Pioneer sets emissions reduction targets

Pioneer Natural Resources, one of the US’ largest independent shale producers, has unveiled new targets for reducing its greenhouse gas (GHG) emissions.

Shale producers pivot towards gas

Certain major US shale producers are sharpening their focus on natural gas production on a stronger outlook for gas prices while the country’s oil industry remains under greater pressure.

Tellurian withdraws application for Permian gas pipeline

LNG developer Tellurian has asked US federal energy regulators to withdraw its application to build the Permian Global Access gas pipeline, which would connect to its proposed Driftwood LNG terminal in Louisiana.

NRG: While OPEC meets, life goes on

OPEC rift delays talks with partners

Enbridge begins work on another solar-powered compressor station

Enbridge announced last week that it had broken ground on the Heidlersburg solar project – the company’s second solar facility that will be built to supply part of the power needs for a compressor station serving one of its pipelines.

Shell reportedly ready to begin Louisiana refinery shutdown

Royal Dutch Shell may begin the permanent shutdown of its refinery in Convent, Louisiana next week, according to sources familiar with the plant’s operations that were cited by Reuters.

Chesapeake, Williams resolve midstream contract dispute

Pipeline operator Williams said this week that it had reached a resolution with Chesapeake Energy, which is currently in Chapter 11 bankruptcy protection.

Suncor to assume Syncrude operatorship by end of 2021

Canada’s Suncor Energy has said it will become the operator of the Syncrude Canada joint venture by the end of 2021.

Imperial to raise production, spending in 2021

Imperial Oil – one of Canada’s largest oil producers – has unveiled plans to cautiously raise capital expenditure and production in 2021 as it bets on demand continuing to recover.

Steps forward for major pipelines

A key permit for Enbridge’s Line 3 replacement has been granted, while TC Energy has struck a major deal for indigenous participation in Keystone XL.

GlobalData sees South America overtaking North America on oil production

The combination of Guyana’s new oilfields and output from Brazil’s pre-salt region could help push South America’s oil output beyond that of North America within four years, according to new research.