NorthAmOil - North America Oil & Gas
Taiwan considers Alaskan LNG to avoid US tariffs
Taiwan could become a buyer of LNG from Alaska in an effort to prevent the US from levying tariffs on the East Asian country.
ConocoPhillips plans production increase, $2bn in asset sales and $12.9bn capex
Oil major ConocoPhillips has said it aims to generate as much as $2bn through asset sales, a target largely expected to be met within the year. This follows its $22.5bn acquisition of Marathon Oil, which had been completed in November 2024.
US-China LNG trade and how tariffs might affect flow
The latest chapter in the storied history of US-China trade relations has opened with fresh tariffs from both sides. Most notably this includes a 15% tariff on US LNG that came into effect earlier in the week.
Trump’s newly elected cabinet promises to boost fossil fuels
The newly appointed heads of the US Energy and Interior Departments, along with the Environmental Protection Agency administrator, have as expected pledged to fulfil Trump’s ambition for "American energy dominance" and “Drill, baby drill."
Share of US natgas power production to fall to 39% in 2026
The US Energy Information Administration has said that it expects the share of US power generation from natural gas to fall from 43% in 2024 to 39% in 2026 as gas prices rise.
Colombia’s oil sector at a crossroads: challenges and opportunities in a changing market
The onset of 2025 has seen oil prices experience significant volatility, influenced by factors such as China's economic slowdown, increased output from non-OPEC+ nations, and new US sanctions on Russia's energy sector.
TotalEnergies expects financing from US in coming weeks for Mozambique LNG
French supermajor TotalEnergies believes financing from the US will come in the approaching weeks to move ahead with the $20bn Mozambique LNG project.
TotalEnergies pushes for Europe to secure long-term US LNG deal
French supermajor TotalEnergies is keen to assist with the sale of more US LNG to Europe, although the company’s CEO Patrick Pouyanne warned that it would be wise to do so via a long-term agreement.
Colombia's Ecopetrol faces potential $400mn penalty if it exits US fracking operations
Ecopetrol could face a penalty of between $300mn and $400mn if it moves forward with President Gustavo Petro’s call to exit its fracking operations in the US.
Polish chemical company Grupa Azoty signs deal for potential US gas supplies
Grupa Azoty, Poland's leading chemical company, has signed a letter of intent with American Gas Partners on potential gas supplies from the US.
Mexico's Pemex eyes Asia oil crude sales to dodge Trump tariffs, Mexico exports could be hit
Mexico's state oil company Pemex could avoid new – but delayed – US tariffs by redirecting crude exports to Asia, as US President Donald Trump's 25% levy on Mexican imports threatens its primary export market.
CPP reportedly weighing sale, IPO options for Encino
Canadian pension fund CPP Investments is reportedly weighing strategic options for what to do with Houston-based oil and gas producer Encino Acquisition Partners.
ONEOK, MPLX partner on Gulf Coast LPG export terminal
ONEOK and MPLX have agreed to build a new 400,000 barrel per day liquefied petroleum gas export terminal on the Texas Gulf Coast.
Canada, Mexico strike deals to delay Trump tariffs
Canada and Mexico both struck deals this week to push back the imposition of 25% tariffs on all goods being exported to the US by 30 days.
Refining performance weighs on US supermajors’ fourth-quarter results
ExxonMobil and Chevron both saw a drag on their earnings for the fourth quarter of 2024 from their refining operations.
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