NorthAmOil Top Story archive

19 December 2018, Week 50, Issue 539

Institutional investors in US super-major ExxonMobil have said they will call for a reduction in the firm’s GHG emissions to bring the company in line with its competitors. 

13 December 2018, Week 49, Issue 538

The US has become a net exporter of crude oil and refined products for the first time in decades – though this is likely to be short-lived. At the same time, imports have fallen, the US Energy...

29 November 2018, Week 47, Issue 536

TransCanada is asking the courts if it can continue preliminary construction work on the stalled Keystone XL pipeline. 

15 November 2018, Week 45, Issue 534

The Newfoundland and Labrador government has received a record C$1.38 billion (US$1.05 billion) worth of offshore exploration bids.

08 November 2018, Week 44, Issue 533

Calgary-based Imperial Oil’s profit more than doubled in the third quarter of 2018 compared with the same quarter a year ago thanks to booming production at its Kearl oil sands project in northern...

01 November 2018, Week 43, Issue 532

Harbor Island, owned by the Port of Corpus Christi, is set to become the first onshore location in the US capable of servicing fully laden very large crude carriers (VLCCs). The Port of Corpus...

19 October 2018, Week 41, Issue 530

Canada’s MEG Energy has rejected Husky Energy’s takeover offer, saying that it “significantly” undervalues the company. Calgary-based MEG is now planning to start a strategic review with the goal...

11 October 2018, Week 40, Issue 529

Several energy companies halted crude production in the US Gulf of Mexico as Hurricane Michael strengthened and made its away through the region this week.

04 October 2018, Week 39, Issue 528

Encana said this week that it had struck a deal to sell its San Juan Basin assets in New Mexico to privately held DJR Energy for US$480 million.

27 September 2018, Week 38, Issue 527

According to a regulatory filing, Plains All American will begin operations on its expanded Sunrise pipeline in West Texas on November 1. The Houston-based pipeline operator will add 500,000 bpd...

06 September 2018, Week 35,Issue 524

Total and its partners are selling their interests in the Joslyn oil sands project in Alberta for C$225 million (US$171 million). 

30 August 2018, Week 34, Issue 523

Genesis Energy said this week that it had entered into an agreement to sell midstream assets in Wyoming’s Powder River Basin to an affiliate of Silver Creek Midstream for US$300 million.

23 August 2018, Week 33, Issue 522

One of Canada’s largest defined benefit pension funds is paying C$1.87 billion (US$1.44 billion) for a stake a pipeline that transports oil from the Permian Basin to refineries and export...

16 August 2018, Week 32, Issue 521

Cenovus Energy is selling its Pipestone business and Wembley natural gas assets in northwestern Alberta for C$625 million (US$476 million) as it works to further pay down its debt. 

09 August 2018, Week 31, Issue 520

Deep Gulf Energy is being sold by private equity firm First Reserve for over US$1.2 billion to Kosmos Energy. The US Gulf of Mexico transaction marks Kosmos’ entry into the recovering region.