NorthAmOil - North America Oil & Gas

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Oil & Gas

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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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Biden’s LNG permit pause halted by US court

3 July 2024

President Biden’s LNG permit approval pause for US LNG exports to non-Free Trade Agreement countries has been halted by a ruling made on July 1 by a federal judge.

US court asked to delay Citgo auction proceedings amid investor bid evaluations

2 July 2024

A motion filed with a US court seeks to postpone a pivotal hearing on the auction of shares in the parent company of Citgo Petroleum, a US-based refiner technically owned by Venezuelan state-run oil company PDVSA, until September 19.

US Supreme Court weakens federal regulators, bolstering business interests

2 July 2024

The conservative majority of the US Supreme Court has overturned a 40-year-old landmark decision – the Chevron deference – that made it easier for the federal government to regulate the environment

Cedar LNG takes positive FID

1 July 2024

A positive final investment decision was announced by indigenous majority-owned Cedar LNG for its 3.3mn tonne per year floating LNG project located in British Columbia on the territory of the Haisla Nation.

Quantum Capital strikes deal to purchase Caerus

27 June 2024

US-based private equity company Quantum Capital Group will buy Caerus Oil and Gas, according to sources.

Biden administration announces $850mn to reduce methane from oil and gas sector

27 June 2024

The Biden administration has announced $850mn in grants to help stop methane emissions from the oil and gas sector.

Alberta regulator estimates 17% growth in oil sands production within a decade

27 June 2024

The Alberta Energy Regulator projects that oil sands production will grow by more than 17% within a decade.

Shell greenlights CCS projects in Alberta

27 June 2024

Shell Canada will proceed with two carbon capture and storage projects in Alberta.

Texas NGL pipeline no longer included in Energy Transfer’s purchase of WTG Midstream

27 June 2024

Energy Transfer has announced that the 20% interest in the BANGL pipeline, which was subject to a right of first offer, will not be included in its acquisition of WTG Midstream, a Permian operator.

Exxon-Hess arbitration panel not yet complete

27 June 2024

The arbitration panel that is to hear ExxonMobil’s objection to rival Chevron buying Hess’ Guyana assets remains incomplete, according to a report.

Trans Mountain reshuffling oil flows to North America from Iraq, Brazil

27 June 2024

US West Coast refiners are replacing their heavy oil imports from Iraq with cheaper crude from Canada because of the expanded Trans Mountain pipeline from Alberta’s oilsands to the Pacific Ocean in British Columbia.

Energy Investor Kimmeridge buys majority stake in Commonwealth LNG

26 June 2024

New York-based asset manager and energy investor Kimmeridge has purchased a majority stake in the proposed Commonwealth LNG terminal in Cameron Parish, Louisiana the firm announced.

Canada’s oil and gas sector “muzzled” by new greenwashing law

25 June 2024

New federal legislation in Canada has spooked the oil ad gas sector so much that some prominent companies and lobby groups have dramatically reduced their online and social media presence.

Fossil fuel use reaches global high

25 June 2024

A new report finds that fossil fuel energy use rose to a record high in 2023, despite efforts to combat climate change.

Global gas flaring at highest level in five years

25 June 2024

In 2023, the volume of gas flared globally rose by 9bn cubic metres to 148 bcm, the highest level since 2019, according to a new World Bank report. This is despite efforts to curtail the practice because of climate change.

G&A Investments pursues $1.5bn claim against PDV Holding in Texas court amid Citgo auction

24 June 2024

G&A Strategic Investments, a creditor of Venezuela, has initiated legal action in Texas to reclaim $1.5bn from defaulted promissory notes issued by PDVSA, Venezuela's state oil company, targeting US-based Citgo parent PDV Holding.

Nicaragua's President Ortega condemns US sale of Citgo as “illegal confiscation”

19 June 2024

Nicaraguan President Daniel Ortega issued a statement on June 18 denouncing the forced sale of Citgo Petroleum Corporation as illegal and an act of confiscation driven by what he termed "colonialist and imperialist policies" of the United States.

Warren Buffett increases Occidental Petroleum stake to almost 29%

19 June 2024

Warren Buffett’s Berkshire Hathaway has increased its ownership stake in Occidental Petroleum to almost 29%

Canada oil, gas emissions cap could limit production, Alberta says

19 June 2024

The Canada federal government's plan for a nationwide emissions cap will likely, by 2030, cut oil production by over 626,000 barrels per day, and cut gas output by 62.3mn cubic metres per day of gas per day

China urges US to lift Venezuela sanctions, condemns Citgo sale

19 June 2024

China's Ministry of Foreign Affairs on June 18 issued a statement criticising United States sanctions on Venezuela, urging Washington to immediately halt its interference in Venezuela's domestic affairs and the auction sale of PDVSA-owned Citgo.

Federal judge dismisses Exxon climate lawsuit against activist investor

19 June 2024

A federal judge in Houston has tossed a climate lawsuit filed by Exxon Mobil against the activist investor Arjuna Capital.

Gas flows in Mountain Valley pipeline

19 June 2024

Gas is flowing in the controversial Mountain Valley pipeline just days after its operation was approved by federal regulators.

Edited by

Anna Kachkova

Editor

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