NorthAmOil - North America Oil & Gas

Inflationary pressures reducing competitiveness of US LNG, analysts say

New US LNG projects face inflationary concerns as the rising costs of constructing and equipping new facilities is lowering their competitiveness in the global market.

Canada’s oil, gas drilling projected at 10-year high

The Canadian Association of Energy Contractors predicts that Western Canada will see a total of 6,604 oil and gas wells drilled in 2025, marking a 7.3% increase compared with 2024.

Permian’s strategic role expands amid global energy tensions

America’s top oil-producing region is becoming more important globally as geopolitical tensions continue.

US gas inventories enter the winter at highest level since 2016

Natural gas storage in the Lower 48 states concluded the 2024 injection season with an estimated 111.1bn cubic metres, according to data from the Energy Information Administration in a report published on December 2.

Crescent to bolt on Central Eagle Ford assets

Crescent Energy Company has announced that it agreed to purchase Eagle Ford assets from Ridgemar Energy for $905mn upfront plus a future oil price contingent amount of $170mn.

Wood Mac study: Increase of US LNG required to reduce Asia’s rising coal use

Asia’s emissions from power generation will soar from increased coal use in the coming decades unless a substantial amount of new LNG supply from the US enters the market, a new study by energy consultant Wood Mackenzie has revealed.

NorthAmOil: Wood Mac study: Increase of US LNG required to reduce Asia’s rising coal use

Natural gas demand for LNG in the US hits near record levels amid cooler weather

Demand for natural gas for LNG processing reached near record levels on November 29 as colder temperatures and fewer outages spurred increased intake of natural gas feedstock.

Woodside’s CEO says it will add partners to Louisiana LNG project before March

Australia’s Woodside Energy plans to onboard several new partners as it sells a 50% stake in its Louisiana LNG project.