NorthAmOil - North America Oil & Gas
Canada tariffs to start on March 4, even as Trump backs a revived Keystone XL
President Donald Trump is proceeding with plans to impose 10% tariffs on Canadian oil imports on March 4 and revive the abandoned Keystone XL pipeline, both of which are moves that could reshape North American energy trade.
Trump axes Venezuela oil licences in blow to Chevron
US President Donald Trump has announced the revocation of licences granted by the Biden administration that allowed US oil companies to operate in Venezuela despite crippling sanctions on the country, a move that particularly affects Chevron.
Chevron restructures operations, announces layoffs amid Venezuelan drama and Hess uncertainty
As part of its broader efficiency drive, supermajor Chevron will cut 15% to 20% of its global workforce by year-end, a move revealed during a recent internal town hall meeting.
Trump rescinds Rice’s Whale restrictions in Gulf of Mexico
The pro-fossil fuel Trump administration has rescinded the controversial Rice's Whale restrictions placed on oil and gas operations in the Gulf of Mexico.
Shipping companies fight against biofuel regulations
Offshore Energy reported this week that numerous shipping companies had called on the International Maritime Organization to remove “unsustainable” biofuels from its list of alternative fuel sources.
Incoming Devon CEO to reduce acquisition activity
Devon Energy, based in Oklahoma City, is shifting its focus from acquisitions to enhancing existing assets, according to incoming CEO Clay Gaspar.
Matador Resources reports record production, 2025 outlook
Matador Resources achieved record oil and gas production in the final quarter of 2024, surpassing 200,000 boepd for the first time in its history.
Global LNG demand to surge 60% by 2040 on Asian economic growth
Global demand for LNG is expected to rise by around 60% by 2040, driven by economic growth in Asia, emissions reductions in heavy industry and transport and the increasing energy requirements of AI.
Mexico's reliance on US gas to grow despite trade uncertainties, Fitch says
Mexico's reliance on American natural gas imports is set to deepen over the coming years as domestic production falters and demand surges, according to a recent assessment from Fitch Ratings.
Japan's Shizuoka Gas to acquire stake in US shale gas project
Japan-based Shizuoka Gas Co. Ltd. has signed a heads of agreement with TG Eagle Ford Resources LP, a subsidiary of Tokyo Gas America Ltd., to acquire a 25% interest in the eagle Ford play in Texas.
Venture Global gets permission to expand Plaquemines LNG facility
US LNG producer Venture Global has been given authorisation from federal regulators to expand export capacity at its Louisiana-based Plaquemines LNG facility.
INTERVIEW: Integrating AI with data and experience
AI is rapidly gaining traction in the oil, gas, and renewable energy sectors, as companies seek cost reductions, emissions control and safety improvements.
Cheniere eyes expansion of LNG exports
The US’s largest LNG exporter Cheniere Energy is targeting a major ramp-up of LNG exports amid the improved business climate for the sector under the new Presidency of Donald Trump.
Maduro courts Trump as oil and deportations shape US-Venezuela relations
Venezuela’s Nicolás Maduro has reached out to Donald Trump following their re-election, framing Trump’s presidency as an opportunity for a mutually beneficial relationship after years of hostility.
Trump interested in jointly developing Arctic oil and gas with Russia
The US and Russia are looking at joint energy projects in the Arctic, as part of the ceasefire negotiation in Riyadh, Russia’s sovereign wealth fund boss Kirill Dmitriev told Politico on February 19.
Brazil set to join OPEC+ but says it will opt out of cartel's output cuts
Brazil has approved joining OPEC+, marking the country's emergence as a major oil producer just months before it hosts the UN climate conference.
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