NorthAmOil - North America Oil & Gas
DoE’s long-awaited LNG study cautions against new permits
The US Department of Energy (DoE) released its study on the economic, environmental and national security implications of new LNG export permits on December 17, with the findings cautioning against a business-as-usual approach.
US oil majors mulling supplying power to data centres from gas-fired plants
ExxonMobil and Chevron are mulling supplying electricity directly to data centres, including those that operate power-hungry AI.
Canadian oilsands giants predict higher output in 2025
Despite Trump’s tariff threats, Canada's largest oil producers are forecasting higher production in 2025 based on solid demand for Canadian output. They aim to spend CAD13bn ($9.1bn).
Canada sets new emissions goal of 45-50% cut by 2035
Canada, the world’s fourth largest oil producer, plans to reduce emissions by 45-50% below 2005 levels by 2035, the environment ministry recently announced.
US will be world’s top crude producer in 2024 for seventh consecutive year, says EIA
The US is likely to be the world’s largest producer of crude this year for the seventh year in a row, says the Energy Information Administration.
DoE’s long-awaited LNG study cautions against new permits
The US Department of Energy released its study on the economic, environmental and national security implications of new LNG export permits on December 17, with the findings cautioning against a business-as-usual approach.
US Supreme Court declines to hear appeal over California’s aggressive vehicle emissions rules
The US Supreme Court has announced it will not hear an appeal from conservative states and fuel sellers that challenged California’s strict car emission rules.
FERC review holding up DOE’s approval of Commonwealth and CP2 projects in US
Two planned LNG projects in Louisiana are currently being held up by the Federal Energy Regulatory Commission, the Department of Energy said.
Offshore oil is "the new shale", says Kpler analyst
Offshore oil production “is the new shale,” set to drive future output gains, says Viktor Katona, head of oil analysis at global trade intelligence firm Kpler.
Venture Global’s Plaquemines facility begins producing LNG
Venture Global has begun producing LNG at its Plaquemines export terminal in Louisiana, the upstart LNG developer announced on December 14.
ExxonMobil seeks to safeguard right of first refusal for Guyana block in Hess Corp. sale to Chevron
ExxonMobil has reinforced its stance on preserving the right of first refusal in Hess Corp's Guyana oil assets, with top executives underlining the company's pivotal role in developing the country's offshore fields.
ExxonMobil seeks rapid oil expansion in Guyana, raising 2030 output target
ExxonMobil is looking to ramp up its expansion plans for its Guyana operations, targeting a production capacity of 1.7mn barrels per day of oil by 2030.
Gradient Geothermal wants to use old oil, gas wells for clean renewable energy
Abandoned US oil and gas wells could be used to heat homes if Gradient Geothermal’s feasibility study in rural Colorado is successful.
ExxonMobil, Chevron release capex and production plans
ExxonMobil, the western world’s largest oil company, on December 11 unveiled a plan to up its spending on oil production, while its smaller rival Chevron said the week before it would reduce its capex while also increasing production.
Canadian Natural Resources completes $6.5bn purchase of Chevron’s Alberta assets
Canadian Natural Resources has completed the acquisition of Chevron Canada's Alberta assets for $6.5bn in cash.
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