NorthAmOil - North America Oil & Gas
Oil supply glut set to stymie Trump's call to 'drill, baby, drill!”
President-elect Donald Trump’s pledge to "frack, frack, frack" is set to clash with a world awash in oil, potentially capping US shale production despite his ambitions to expand it.
Venezuela faces fresh US pressure as Washington recognises opposition leader as president-elect
The US has ramped up pressure on Venezuela's President Nicolás Maduro by formally recognising opposition candidate Edmundo González as the country's president-elect, marking the first time the Biden administration has used this designation.
Venture Global seeks to raise $3bn from IPO listing
Venture Global LNG has intentions to raise $3bn by filing an initial public offering in New York as soon as this week.
Trump’s proposed US tariffs could lower global economic growth, oil demand
President-elect Donald Trump has called for across-the-board tariffs on all imported US goods, which he says will protect the US economy. The tariffs could lower global economic growth and oil demand, says a new report.
Fate of shelved Bay du Nord project still uncertain, says Equinor
Norwegian energy giant Equinor has said that is has no decision yet on the fate of what would be Canada's first deepwater oil project, the $12bn Bay du Nord off the coast of Newfoundland.
US associated gas production increased almost 8% in 2023
US production of associated-dissolved gas, or associated gas, increased 7.9% in 2023 compared with 2022, according to data from Enverus Drillinginfo reported by the Energy Information Administration.
Trump taps fracking CEO Chris Wright as energy secretary, Doug Burgum as interior secretary
President-elect Donald Trump is nominating Chris Wright, a fracking company CEO, as energy secretary. Wright would have to be confirmed by the Senate, which in January will be controlled by Trump’s party, the Republicans.
Ovintiv to acquire oily land in Montney play for $2.38bn
Ovintiv has announced that it will buy, for $2.38bn cash, oil-rich assets from Paramount Resources in Canada's Montney shale play.
Biden vows to uphold LNG permit pause
US President Joe Biden will not lift the permit pause for new LNG projects before the end of his term, according to Secretary of Energy Jennifer Granholm.
US oil and gas industry welcomes Trump, with some caveats
The US oil and gas industry has generally welcomed the election of the pro-fossil fuel Donald Trump. But there are differences of opinion, and some analysts doubt Trump can immediately do everything he promises.
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