NorthAmOil - North America Oil & Gas

Sempra, Engie sign offtake agreement for Port Arthur LNG

Sempra has announced an offtake agreement with Engie for liquefied natural gas from Sempra’s proposed Port Arthur LNG facility.

Freeport LNG again delays restart of an export facility to end of year

Freeport LNG has again delayed the restart of the US’s second-largest liquefied natural gas export facility to the end of December. It was to have opened in mid-December.

NorthAmOil: Los Angeles bans new oil wells, to close existing wells

Los Angeles city councillors have voted unanimously to ban existing oil wells within city boundaries immediately, and to phase out existing ones within 20 years.

Questions linger over shale’s future

US tight oil output from shale formations continues to rise for now, but there are longer-term uncertainties over the industry’s future.

Russian oil cap but OPEC+ keeps to its policy

The world's biggest oil producers

The United States is by far the world’s biggest producer of oil, having produced around 16.6mn barrels of oil on average per day in 2021, Statista reports.

US grants Chevron partial waiver from sanctions on Venezuela

The US Treasury Department has given Chevron limited authorisation to resume oil production in Venezuela.