NorthAmOil - North America Oil & Gas

Wildfires in Alberta threaten around 430,000 barrels per day of oil output

Wildfires in Alberta are threatening about 430,000 bpd of oil-sands production

Arbitrators toss TC Energy's $15bn Keystone XL legal claim against US

Calgary-based TC Energy has lost its bid to recoup $15bn US government over the cancellation of the controversial Keystone XL pipeline.

Canada’s Asian oil exports to grow

Asia oil imports from Canada’s Trans Mountain expansion are ramping up, and are expected to increase starting in September.

NorthAmOil: Canada’s Asian oil exports to grow

Energy Transfer, Sunoco announce strategic Permian joint venture

Pipeline operator Energy Transfer and Sunoco, the fuel distributor, have announced they will form a joint venture combining their crude oil and produced water gathering assets in the Permian Basin.

Biden Administration may expand Alaska drilling protections

The Biden administration is mulling whether to add more areas that are protected from oil and gas drilling in Alaska's National Petroleum Reserve (NPR-A), according to an announcement by the US Bureau of Land Management, part of the DOI.

Elevation Midstream merges with ARB Midstream subsidiary

Elevation Midstream is to merge with Platte River Holdings, a subsidiary of ARB Midstream.

US unveils record oil and gas pollution settlement with Marathon Oil

A record $241mn pollution settlement with Marathon Oil has been announced by the US Department of Justice and Environmental Protection Agency.

Oil sought for US Strategic Petroleum Reserve but prices are rising

The US Department of Energy is seeking 4.5mn barrels of crude for the US Strategic Petroleum Reserve. But it may not be able to buy crude cheaply enough.

Timing of Chevron, Hess FTC merger review uncertain

Chevron Corp and Hess Corp have announced that they expect the Federal Trade Commission’s (FTC) review of their proposed merger to be conducted in the third quarter. The companies announced the expected timing in a statement on July 11.

BP: oil demand and emissions will peak in 2025

Oil super major BP's latest outlook on global energy trends suggests a potential peak in worldwide oil demand as early as next year, a development that could mark a significant turning point in global carbon emissions by 2025.

US Court orders FERC to reassess environmental impact of Commonwealth LNG

Commonwealth LNG’s proposed Louisiana facility must undergo a reassessment by the Federal Energy Regulatory Commission of the impact of its emissions a US Court of Appeals ruled on July 17.

Global oil supply to continue outstripping demand in H2: IEA

Global oil demand in the second half of this year will be higher than supply, putting upward pressure on prices.

The world needs $8.2 trillion in upstream gas investment to meet demand in 2050: GECF

Meeting projected global demand for natural gas in 2050 will require some $8.2 trillion in investment in exploration and production.

Freeport LNG set to return online after Hurricane Beryl shutdown

The US’s second-largest LNG terminal Freeport LNG appears ready to return to taking in natural gas again after shuttering operations on July 7 in the lead-up to Hurricane Beryl making landfall in Texas.

Global LNG trade rises by 3.1% in 2023

Global LNG trade climbed 3.1% last year with an average of 52.9bn cubic feet per day a report released by the International Group of Liquefied Natural Gas Importers revealed.