NorthAmOil - North America Oil & Gas

Cryopeak begins construction on small-scale LNG facility

Canada’s Cryopeak LNG Solutions has started construction on a small-scale LNG facility in Fort Nelson, British Columbia.

Wave of capital spending cuts continues

More capital expenditure cuts are being announced by US oil and gas companies, including some producers that are scaling back spending for a second time since oil prices collapsed in March.

US LNG exports to China resuming thanks to tax waivers

Shipments of US LNG to China are resuming after Beijing has reportedly started granting tax waivers to certain importers of the super-chilled fuel.

Premier exits Alaska joint venture after condensate find

Premier Oil will exit the Area A joint venture in which it partners with 88 Energy on Alaska’s North Slope after their Charlie-1 well encountered natural gas condensates but not the light oil that the partners were targeting.

Whiting becomes first bankruptcy of latest oil price crash

Shale producer Whiting Petroleum has filed for bankruptcy protection in the wake of the oil price collapse, and many others are set to follow unless prices improve.

Global oil storage facilities near capacity

The unprecedented glut in global oil supply has tested storage capacity to the limits, driving the world’s biggest producers to negotiate a truce this year and curb their output.

Trump signals Russia-Saudi truce

Russia, Saudi Arabia agree to slash oil production, Trump claims

Donald Trump said on April 2 that Russia and Saudi Arabia would be cutting their output, instead of continuing with a supply war that could result in hundreds of oil companies going out of business. The Kremlin denied his claim.

Saudi oil surge and the threat to the energy transition

The Saudi-led oil glut leaves the energy transition and decarbonisation efforts hanging in the balance

Cheniere seeks regulatory approval to start Midship pipeline

US LNG producer Cheniere Energy has filed a request with federal regulators to begin service on its newly completed Midship pipeline from Oklahoma’s Anadarko Basin.