North America News


Husky Cuts Long-term Spend to Boost Cash Flow

May 28, 2019

Husky Energy Inc on Tuesday nearly doubled its free cash flow target over five years as it cut its planned capital spending at a time when investors have been calling on oil and gas companies to shore up capital for buybacks and dividends.Oil…

Pemex's Oil Exports Tumble

May 28, 2019

Pemex's oil exports dropped by 11% in April compared to the previous month, while production slipped by 0.9%, data from the Mexican state oil firm showed on Friday.Exports of Maya crude, the only type Pemex has been selling abroad for almost a year…

Oxy Plans to Sell Parts of Anadarko

May 28, 2019

Occidental Petroleum snatched up some of the richest shale oilfields in Texas when it beat out rival Chevron Corp in a bidding war to acquire Anadarko Petroleum.It also quadrupled its debt - to $40 billion - at a time when investors are calling for spending cuts and higher dividends…

Pemex Promised $7.3 Billion in Tax Relief

May 24, 2019

Mexico's government aims to give $7.3 billion in tax relief to heavily indebted state oil company Pemex, according to a document seen by Reuters on Thursday, in an effort to cool fears over its financial viability and the impact on the wider economy…

Mexico Punishes Former Pemex CEO

May 23, 2019

Mexico's government has punished the former chief executive of state oil firm Petroleos Mexicanos for misuse of public funds in the purchase of fertilizer business Fertinal, according to three people with knowledge of the matter.The Public Administration…

U.S. Shale Oil Production to Grow 16%

May 22, 2019

United States shale operators are on track to increase oil production by 16 percent in 2019, according to analysis by energy research firm Rystad Energy.The growth in US onshore production from the first quarter through the fourth quarter could come in at around 1…

DNV GL Hires Energy, Utilities Managers

May 17, 2019

DNV GL announced on Friday it has added two new key account managers for Energy North America. Elizabeth Kaiga will work with a wide range of accounts that include utilities, renewable developers, financial organizations and large corporations…

Pemex Requests $8bn Loan Amid Heavy Uncertainty

May 16, 2019

Petróleos Mexicanos’ (Pemex) US$8 billion bank loan comes amid heavy investor uncertainty over the oil company’s debt load, but lenders wanting to maintain links with Pemex and the left-wing administration overseeing the firm may have little choice but to commit to the financing…

RWE Open to Partnerships in US Wind

May 15, 2019

German utility RWE would consider teaming up with peers and oil companies to make a move in the U.S. wind market, its chief financial officer Markus Krebber said on Wednesday.RWE will become Europe's third-largest renewable group following a deal to acquire the green energy units of E…

Sempra Names Bilicic Group President

May 13, 2019

Sempra Energy on Monday announced that George W. Bilicic has been named group president, effective upon completion of his service at Lazard later this year. Bilicic will lead the company's strategy, corporate development, and legal activities…

'We Are the Rightful Owners' of Anadarko -Oxy CEO

May 10, 2019

Occidental Petroleum Chief Executive Vicki Hollub on Friday touted her $38 billion deal for Anadarko Petroleum Corp and defended the pricey terms she negotiated in a 90-minute session with billionaire investor Warren Buffett to secure the deal without seeking shareholder approval…

U.S. Energy Hits Records in 2018: EIA

May 08, 2019

U.S. energy consumption, production, and exports have reached record highs in 2018, said U.S. Energy Information Administration (EIA).The United States produced a record amount of energy from various sources in 2018, reaching 96 quadrillion British thermal units (quads)…

US LNG Opens Floodgates to Europe

May 02, 2019

The United States has nearly tripled its natural-gas exports to the European Union (EU) since July and signed new licenses seeking to establish American energy as an EU mainstay. US exports of LNG surged following a meeting between Donald Trump and Jean-Claude Juncker in July 2018…

Oxy Shareholders Criticize Anadarko Bid

May 02, 2019

Several major Occidental Petroleum Corp shareholders have voiced opposition to the oil company's $38 billion bid for rival Anadarko Petroleum Corp that now includes a pricey financing deal with billionaire Warren Buffett.Occidental and Chevron…

Suncor Q1 profit beats estimates

May 02, 2019

Canada's Suncor Energy Inc reported a profit on Wednesday that beat analysts' estimates as the integrated oil producer reaped the benefits of improved Canadian heavy crude pricing due to Alberta's production curtailments.The government's mandated…

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