NorthAmOil - North America Oil & Gas

Coronavirus the focus of major oil policy decisions

North American oil and gas bankruptcies surge in 2019

The number of oil and gas company bankruptcies in the US and Canada rose 50% y/y in 2019 owing to the lower oil price, with the trend expected to continue this year.

Hess announces quarterly loss, 2020 budget

US independent Hess has announced a larger-than-expected loss for the fourth quarter of 2019 on lower prices for natural gas and natural gas liquids.

New Jersey unveils plan to cut natural gas use 80% by 2050

The State of New Jersey has unveiled a 30-year plan to eliminate man-made greenhouse gas emissions, which centres on major reductions in natural gas use by homes and businesses.

Plans emerge for new LNG proposal for Alaska

Plans to develop a new LNG facility in south-east Alaska, close to the border with Canada, have emerged over the past two weeks.

Contentious oil sands project decision looms for Ottawa

A pending decision on whether to approve Teck Resources’ Frontier oil sands project illustrates Ottawa’s challenge in balancing environmental targets with its commitment to Alberta’s energy industry.