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Turkey signs LNG deal with US supermajor ExxonMobil placing question mark over Russian gas supplies
Ankara has ambition to make country an energy supply powerhouse based on re-exports.
Fight over Stabroek stake could drag into 2025
ExxonMobil’s CEO has publicly said the dispute with Chevron over Hess’ Guyana oil assets could last until 2025.
NorthAmOil: Trans Mountain pipeline to provide higher prices for Canadian crude 'for years'
Trans Mountain pipeline to provide higher prices for Canadian crude 'for years'
The newly opened Trans Mountain pipeline extension will deliver higher prices for Canadian crude “for years” to come, said an executive for Meg Energy.
Crescent Point to divest non-core Saskatchewan assets to Saturn
Crescent Point Energy says it is selling non-core assets in Saskatchewan to Saturn Oil & Gas for CAD600mn in cash. The assets include Flat Lake and Battrum.
Biden administration to re-start SPR purchases
The Biden administration will restart purchases of crude for the Strategic Petroleum Reserve. This is because oil prices have decreased.
US Transocean signs extension at record dayrate for Gulf of Mexico work
Deepwater driller Transocean has inked yet another extension surpassing the $500,000 dayrate threshold for operations in the US Gulf of Mexico.
Chevron treads cautiously in Venezuela amid regulatory shifts
US oil behemoth Chevron is opting for a cautious stance regarding new capital expenditure in Venezuela in light of newly reimposed sanctions, despite being allowed to operate in the country by a separate licence issued in November 2022.
Shell sold “phantom” carbon credits: FT
Oil supermajor Shell sold millions of ‘ phantom’ supposedly linked to Canada’s largest oil sands companies.
Exxon, Chevron execs want clearer rules on low-carbon energy subsidies
Top executives at US oil supermajors Exxon Mobil and Chevron say the US needs clearer rules on energy subsidies needed for the energy transition.
FTC’s OPEC collusion allegations regarding ex-CEO of Pioneer referred to Justice Department
The Federal Trade Commission’s allegations that Scott Sheffield colluded with officials from the Organisation of the Petroleum Exporting Countries to increase oil prices has been referred to the JUstice Department.
Civitas inks deal to sell Denver-Julesburg assets for $215mn
Civitas Resources has signed a deal to sell some of its Denver -Julesburg Basin assts for $215mn.
Chesapeake to increase curtailments in second quarter
Chesapeake Corp. intends to increase its gas production cutbacks to approximately 400mn cubic feet per day this quarter following a modest profit in the initial quarter of 2024 and stagnant commodity prices.
Biden administration completes aggressive methane reporting standards
The US Environmental Protection Agency has finalised stricter methane reporting standards that could increase how many oil and gas companies pay fees for extra methane emissions by 2026.
Touchstone Exploration moves to acquire Trinity Exploration and Production
Canadian oil and gas firm Touchstone Exploration is moving to acquire all ordinary share capital in Trinity Exploration and Production; a company with all of its onshore and offshore assets based in Trinidad and Tobago
What do EU methane rules mean for global gas suppliers?
There is particular complexity in how the rules will be applied for US LNG exports, as exporters often do not produce the gas that they supply globally, and lack the data on emissions upstream.
Cheniere’s profits dip due to poor commodity prices
Houston-based Cheniere Energy, the US’s biggest producer and exporter of LNG, reported a first-quarter fall in profits of 91% year on year, the company announced in its quarterly earnings report.
US LNG exports dip in April
The US’s LNG exports fell in April slipping to 6.19mn tonnes according to data from the London Stock Exchange Group.
US Democratic lawmakers unveil report on Big Oil, climate change
After a US congressional investigation spanning years, revealed that major oil corporations privately acknowledged the inconsistency between their public promises to reduce greenhouse gas emissions and their actual business strategies.
NorthAmOil: Newfoundland and Labrador launch 41-block offshore exploration licensing round
Newfoundland and Labrador launch 41-block offshore exploration licensing round
The Canada-Newfoundland and Labrador Offshore Petroleum Board has unveiled a Call for Bids for exploration licenses in the offshore Eastern Newfoundland region.
Trans Mountain pipeline expansion opens for business
The Trans Mountain pipeline expansion (TMX) started operating commercially on May 1. This was according to an announcement from the owner Trans Mountain Corp.
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