NorthAmOil - North America Oil & Gas
Colombia's oil sector faces double blow as drilling slumps, Petro halts US venture
Colombia's energy sector confronted mounting challenges as drilling activity plunged and President Gustavo Petro ordered state-owned Ecopetrol to divest from its US fracking operations.
OPEC+ continues with production plan despite Trump’s demands
OPEC+ has decided to continue with its current oil production plans after a review meeting on February 2 despite calls from US President Donald Trump to lower crude prices.
Colombia's Petro orders Ecopetrol to scrap US deal with Oxy over environmental concerns
Colombian President Gustavo Petro has directed state-controlled Ecopetrol to abandon a joint venture with US-based Occidental Petroleum, citing environmental risks. The project, located in the Permian Basin, was expected to yield approximately 90,000
US LNG exports stay near record high in January
US exports of LNG were near a record high in January, with the world’s largest exporter of the super-chilled fuel shipping 8.46mn tonnes.
Colombia's Ecopetrol extends US fracking partnership with Oxy amid production challenges
Ecopetrol has secured an agreement with Occidental Petroleum (Oxy) to extend its fracking operations in the US Permian Basin until June 2026.
Japan may consider Alaska LNG investment for sake of good US relations
Japanese Prime Minister Shigeru Ishiba is expected to meet US President Donald Trump this week in Washington for the purpose of reaffirming political and trade relations. One item on the agenda may be Japanese investment in the Alaska LNG project.
FERC: Venture Global near to completing repairs to Calcasieu Pass facility
Venture Global could complete repairs to equipment connected to onsite power generation by the end of February, the Federal Energy Regulatory Commission said in a regulatory filing.
Venture Global granted permission to introduce natural gas to Plaquemines’ seventh block
Venture Global has received approval from federal regulators to commence the introduction of natural gas into the Plaquemines plant’s seventh block.
Japan to benefit from more US LNG production, JERA says
Major LNG importer Japan stands set to benefit from improved energy security if US LNG production increases under Donald Trump’s presidency, Japan’s biggest LNG purchaser JERA says.
Mexico's Pemex eyes Asia crude sales to dodge Trump tariffs
Mexico's state oil company Pemex could avoid new US tariffs by redirecting crude exports to Asia, as US President Donald Trump's 25% levy on Mexican imports threatens its primary export market.
Iran calls for lifting oil sanctions amid US trade war with its crude suppliers
Iranian Economy Minister Abdolnaser Hemmati has urged the US to lift sanctions on Iran’s oil as Washington launches a new trade war against Canada, Mexico and China – one that now includes tariffs on crude imports from America’s two energy suppliers.
Hess fourth-quarter results beat expectations as Guyana business booms
Hess Corp surpassed market expectations in its fourth-quarter results, reporting a net profit of $542mn as production volumes soared in both the United States and Guyana.
Hess beats profit expectations for fourth quarter
Hess beat analyst expectations when it posted its results for the fourth quarter of 2024 this week.
Uncertainty for Canada’s energy industry amid Trudeau’s departure, tariff threat
Canada’s oil and gas industry has had an uncertain start to 2025 amid Prime Minister Justin Trudeau’s resignation and the threat of tariffs on energy flows to the US
Shell, CNRL announce Canadian asset swap
Shell and Canadian Natural Resources Ltd. (CNRL) announced on January 29 that they had agreed to engage in an asset swap relating to the Athabasca Oil Sands Project (AOSP) in Alberta, Canada.
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