NorthAmOil - North America Oil & Gas

Chevron’s Venezuela payments expose secret Biden-era sanctions loophole

The Biden administration discreetly allowed Chevron Corp. to send hundreds of millions of dollars to Venezuela’s government, despite a US licence explicitly banning such payments, according to people familiar with the matter

Brookfield Infrastructure sells US gas pipeline stake for total exit of $1.7bn

Brookfield Infrastructure has agreed to sell its remaining 25% interest in a US gas pipeline to an existing co-owner, marking a complete exit from the business.

US to expand oil, gas development in Alaska

The US Department of the Interior has announced plans to expand oil and gas exploration across millions of acres in Alaska, reversing restrictions set by the previous Biden administration.

LNG Canada to begin cool down phase ahead of commissioning

Shell-operated LNG Canada is set to receive the Maran Gas Roxana tanker on April 1 to begin cooling down the plant as the final stage before LNG production commences.

US court recommends Red Tree’s $3.7bn bid as Citgo auction baseline

A federal court official in Delaware has advised Judge Leonard Stark to set Red Tree Investments’ $3.7bn bid as the starting point for the next round of the Citgo Petroleum share auction

US jet fuel imports reach two-year high amid surge from Nigeria's Dangote refinery

Jet fuel imports into the United States rose to their highest level in two years in March, following a sharp increase in shipments from Nigeria’s Dangote refinery,

Taiwan to import Alaska LNG project gas, pressure on Korea to follow suit

Taiwan has agreed to collaborate with the Alaska Gasline Development Corporation on a $44bn pipeline project in a move now expected to bolster its leverage in tariff negotiations with the United States.

OPEC+ announces new cuts to balance out higher output

OPEC+ has unveiled a fresh strategy to enforce additional production cuts, aimed at counterbalancing an uptick in output among its member nations.

NextDecade gets permit reinstated by court for Rio Grande LNG project

Houston-headquartered NextDecade has had its permit for the Rio Grande LNG project in Texas reinstated by a court ruling.

Canadian government invests CAD200mn in Cedar LNG Project

Cedar LNG, a joint venture between Pembina Pipeline and the Haisla Nation has been granted CAD200mn in financing from the Canadian government under its Strategic Innovation Fund, Mark Carney’s administration announced.

Venture Global granted export licence for CP2

US LNG producer Venture Global has been granted a conditional export licence for its Calcasieu Pass 2 facility in Louisiana.

Greenpeace must pay $660mn over Dakota Access protests

After an unexpectedly short trial, a North Dakota jury has ordered Greenpeace to pay $660mn to Texas-based midstream firm Energy Transfer for the green group's involvement in the Dakota Access pipeline protests.

Venezuela faces Chevron’s imminent exit amid declining oil production

Chevron faces an abrupt departure from Venezuela after the US Treasury revoked its special licence, a move analysts say could significantly impact on the Latin American country's already fragile economy.

Venezuela’s Maduro escalates attacks on Exxon

Venezuela’s government continues to target Exxon Mobil, accusing the US energy giant of fuelling diplomatic tensions with Guyana over the disputed Essequibo region.

China has not imported LNG from US for 40 days

China has not imported LNG from the US for 40 days, marking the longest halt in nearly two years, amid escalating trade tensions between the two countries.

New natural gas reserves take Canada into world’s top 10

Fresh analysis of the Montney, Duvernay and Deep Basin formations in Alberta has revealed a significantly larger resource base than previously estimated

USGS estimates of undiscovered hydrocarbons in Wyoming, southern Montana

There is still an estimated 47mn barrels of oil and 876bn cubic feet of gas to be discovered in formations under Wyoming and parts of southern Montana as well as parts of western South Dakota and Nebraska, said the US Geological Survey (USGS).

Major oil discovery on Alaska’s North Slope

A partnership led by APA Corporation has made a significant oil discovery on Alaska’s North Slope, with the Sockeye-2 exploratory well confirming a high-quality reservoir.

Chevron buys 5% of Hess as Stabroek dispute with Exxon continues

Cheniere completes first train at Corpus Christi expansion project

The US’s largest LNG producer Cheniere Energy has achieved substantial completion of the first of seven liquefaction trains at the Corpus Christi LNG Stage 3 expansion project.

Ukraine seen turning to US LNG imports as damage to gas infrastructure mounts

Mounting damage to Ukraine’s natural gas production facilities is forcing Kiev to turn increasingly to gas imports from its European allies – as was recently illustrated by the agreement between Naftogaz and Poland’s Orlen.

Japan, Province of Alberta sign MoU at Houston’s CERAWeek energy conference

Alberta Premier Danielle Smith alongside the chairman and CEO of the Japan Organisation for Metals and Energy Security (JOGMEC), Ichiro Takahara, in mid-March agreed and have signed an MoU at the Houston-based CERAWeek energy conference.

Alaska LNG officials to meet Asian partners in late March

Officials from the Alaska LNG project are slated to arrive in Japan later this month to charm potential investors in the long-stalled project.

LNG and AI to drive US natural gas use to new records

Demand for US natural gas is expected to continue climbing to record highs amid increased use of LNG and AI.

Petrobras begins talks on long-term LNG deal with US suppliers

Brazil’s state-owned Petrobras is in the midst of discussions with US LNG suppliers on a long-term import agreement.