NorthAmOil - North America Oil & Gas

IPC calls on Canadian federal government for more CCS incentives

International Petroleum Corp (IPC), an oil sands producer, has called on the federal government of Canadian Prime Minster Justin Trudeau for more incentives for carbon capture and storage.

ConocoPhillips to delay minor construction at Willow

ConocoPhillips has agreed to delay some construction at the Willow oilfield on Alaska ‘s North Slope until April 4 while a federal court considers whether to halt the work this winter.

Spain’s Repsol scraps plans for LNG terminal on Canada’s east coast

Madrid-based Repsol has decided against developing an LNG terminal on Canada’s east coast. The terminal would have been exported LNG from Saint John in New Brunswick, Canada across the Atlantic to Europe.

Canada may not need more major oil pipelines, says senior executive

A senior oil executive has said that Alberta may not need more major pipelines once the Trans Mountain expansion has been built.

Construction delayed for NextDecade’s Rio Grande LNG facility

NextDecade’s Rio Grande LNG terminal in Texas has suffered a setback with construction pushed back as the company is now expecting a final investment decision before the end of the second quarter.

Ksi Lisims LNG project in British Columbia moves ahead with environmental review

The Ksi Lisims LNG export project, led by the Nisga’a Nation, has been given the green light by the British Columbian government to enter environmental review for the $10bn floating LNG project in Canada’s northern Pacific coast.

Sempra launches Port Arthur LNG project

Sempra Infrastructure Partners has reached a final investment decision for the development, construction and operation of the Port Arthur LNG phase 1 project in Jefferson County, Texas.

NorthAmOil: ConocoPhillips' Alaska Willow project okayed, more of Arctic off-limits to oil leasing

ConocoPhillips' Alaska Willow project okayed, more of Arctic off-limits to oil leasing

The Biden administration has approved a scaled-back version of ConocoPhillips’ $7bn Willow project in Alaska, the US Department of Interior said on March 13.

Ottawa orders Imperial to halt leak at Kearl oil sands mine

Canadian federal inspectors have ordered Imperial Oil immediately to halt seepage from a tailings pond at its Kearl oil-sands mine. The inspectors have said that the leak has likely been harmful to wildlife.

Biden’s budget seeks to end oil and gas subsidies

US President Joe Biden's 2024 budget seeks to end oil and gas subsidies. The president’s budget, however, is a proposal and would have to be accepted by both houses of Congress, which is unlikely.

Cost of Trans Mountain oil pipeline rises by 44% in a year

The estimated cost of the Trans Mountain oil pipeline expansion in Canada has risen by 44% to an estimated $22.35bn. This is according to the owner, the government’s Trans Mountain Corp.

Venture Global moves ahead with second phase of Plaquemines LNG

Venture Global LNG will proceed with the second phase of the Plaquemines LNG export terminal in Louisiana, the company revealed on March 13. Having secured $7.8bn in project financing a final investment decision (FID) was made.

Company seeks $20bn compensation from Canada for LNG terminal denial

The companies behind the $10.1bn GNL Québec and Gazoduq projects in Québec are seeking $20bn in compensation from the federal government of Canada for turning down an LNG terminal, Énergie Saguenay.

Shell announces final investment decision on Dover in US Gulf of Mexico

Shell has announced the final investment decision for Dover, a planned subsea tieback to the Shell-operated Appomattox production hub in the US Gulf of Mexico.

Pembina and Haisla Nation’s Cedar LNG project in Canada receives environmental approval

The proposed $2.4bn Cedar LNG project to be developed by the Haisla Nation indigenous group and Pembina Pipeline in Kitimat, British Columbia has been granted environmental approval by the provincial government.

Qilak LNG plans $5bn LNG facility in Alaska

Qilak LNG has revealed it is seeking to build a 4mn tonne per year LNG export terminal in Alaska’s North Slope to be completed by the end of the decade.

Freeport LNG receives restart approval for final liquefaction train

Freeport LNG, the US’s second-largest LNG export terminal, was granted regulatory approval for the restart of liquefaction train 1 on March 8. It was the only remaining liquefaction train that had not been restarted yet at the 15mn tpy facility.

NorthAmOil: Canadian Natural Resources reports record profits for 2022

Canadian Natural Resources reports record profits for 2022

Canadian Natural Resources Ltd (CNRL) has reported record full-year profits for 2022 despite oil prices that decreased towards the end of the year from a 14-year-high.

Occidental announces carbon capture hub on Gulf Coast

Occidental subsidiary 1PointFive has announce d a plan to develop a carbon capture, utilisation and sequestration hub in south-east Texas on the Gulf Coast.

Enbridge to expand Flanagan South, build oil terminal on Gulf

Enbridge is negotiating with shippers for incremental contract capacity of 95,000 barrels per day on the Flanagan South Pipeline. The oil pipeline runs from Flanagan in Illinois to Cushing, Oklahoma.

SilverBow to operate two rigs in 2023, drill more oil

SilverBow Resources is to operate two drilling rigs throughout 2023, up from an average of 1.5 rigs in 2022. Houston-based SilverBow explores, develops and produces oil and gas in the Eagle Ford and Austin Chalk formations in south Texas.

Chevron, Talos to more than double their Texas carbon capture project

Chevron, Talos Energy and Carbonvert have more than doubled the size of their carbon capture, utilisation and sequestration (CCUS) project in Texas.

Gulfport Energy expects 2-6% net production increase in 2023

Gulfport Energy expects a 2-6% net production increase in 2023 compared with 2022. That would amount to an increase of 1,000mn cubic feet (28,317 cubic metres) per day to 1,040 mmcf (39,644 cubic metres) per day, the company said.