America

Suncor Energy has extended its C$4.3bn ($3.2bn) takeover offer for its Canadian Oil Sands (COS) until 8 January 2016. The offer was originally set to expire on 4 December 2015. The oil market outlook has worsened since the company first expressed interest to acquire Canadian Oil Sands. "The pressure is…
Mexico-based Petróleos Mexicanos (Pemex) has announced plans to invest $23bn on its refineries in the next three years. The investment will help the company in boosting production of clean fuel, increase capacity of crude processing capacity. Pemex announced its latest investment projects during an event held at the 315,000-b/d Miguel…
Argentina's state-run oil company, YPF and Dow Chemical's local unit Dow Argentina have announced plans to invest $500m in 2016 to increase shale gas production on the El Orejano block. The 41km² block is part of the Vaca Muerta shale gas deposit in the country's Neuquén province. YPF and Dow…
TransCanada has filed an amended route application with the National Energy Board (NEB) for its Energy East pipeline project that raises the projected cost by nearly C$4bn ($2.8bn). The new application makes nearly 700 changes to the route to address environmental concerns which will increase the projected cost of the…
The Federal Energy Regulatory Commission (FERC) in the US has approved the $12.3bn Lake Charles LNG natural gas export project of Energy Transfer and the UK-based BG Group. The approval has been secured to construct and operate a natural gas liquefaction and export facility in Lake Charles, Louisiana. Energy Transfer…
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