NorthAmOil - North America Oil & Gas
Maduro threatens action over Guyana’s oil in disputed Essequibo, but investment unabated
Venezuela’s Nicolás Maduro warned that his government would take decisive measures to address what he described as an "illegal action" by Guyana in a maritime area he claims remains "pending international delimitation".
Oil is key commodity in US-Canada trade war
The US States may reach a deal with Canada that prevents tariffs on oil, gas and other energy imports, Energy Secretary Chris Wright said on March 10.
Alberta changes oil royalty structure to boost exports, pipeline development
The Alberta government has introduced a major shift in how it collects royalties from oilsands producers, allowing the province to take bitumen royalties in-kind instead of cash.
Chevron seeks alternatives to Venezuelan oil, Maduro regime slams ExxonMobil for alleged meddling
Chevron is exploring options to replace Venezuelan crude at its refineries, looking to Mexico, Brazil, and the Middle East for alternative supplies and the Maduro regime slams ExxonMobil for alleged meddling
Turkey’s TPAO and US oil producer Continental Resources link up to develop Diyarbakir Basin shale fields
National oil company Turkish Petroleum Corporation (TPAO) has entered into a joint venture agreement with US oil producer Continental Resources to develop shale fields in the Turkey’s Diyarbakir Basin.
US will support Africa’s right to develop own energy resources, says energy secretary
The United States will support Africa’s right to develop its energy resources, according to Chris Wright, the US Secretary of Energy.
Rising construction costs push US LNG producers to renegotiate deals
A handful of US LNG producers are seeking to renegotiate higher prices with purchasers as they grapple with increasing construction costs.
US Supreme Court allows climate lawsuits against oil companies to proceed
The US Supreme Court has rejected a bid by 19 Republican-led states to block climate-change lawsuits against major oil companies, allowing cases seeking billions of dollars in damages to proceed in state courts.
Canadian Whitecap and Veren to merge in $10.4bn deal
Whitecap Resources and Veren have reached a definitive agreement to merge in an all-stock transaction valued at CAD15bn ($10.4bn), including debt, to create the largest light oil-focused producer in Canada.
Trump administration seeks to halt SPR sales, build Alaska pipeline to boost LNG exports
The Trump administration plans to work with the US Congress to halt mandated sales from the Strategic Petroleum Reserve to address its low stockpile, US Energy Secretary Chris Wright said on 10 March at the CERAWeek oil and gas conference.
Mexico solves oil salt content issues, claims president
US oil exports to India rise to two-year high
The United States recorded its highest crude oil exports to India in over two years during February, as Indian refiners sought alternative suppliers following fresh sanctions imposed by Washington on Russia’s oil trade.
GECF bullish on natural gas as "integral" to energy mix for decades to come
“We are convinced now more than ever that natural gas is not just a bridge to the future. It is an integral part of the future,” GECF Secretary General Mohamed Hamel said.
Venture Global to invest $18 billion to expand Plaquemines LNG
US LNG producer Venture Global will increase the nameplate capacity of its Plaquemines LNG facility to 45mn tonnes per year.
US Venture Global suffers stock freefall after fourth-quarter revenue miss
US LNG producer Venture Global saw its stock tumble by 36% on March 6 after missing fourth-quarter revenue targets.
Golden Pass LNG receives US export extension
QatarEnergy and ExxonMobil’s joint venture Golden Pass LNG has been granted an extension for its permit for exports to begin.
Mexico has contingency plans if Trump uses gas as 'weapon' in talks: Energy Ministry
Mexico has prepared contingency plans to prevent blackouts should US President Donald Trump use Mexico's high dependence on American natural gas as a negotiating weapon
Paused US tariffs on Mexican oil and gas spark trade tensions
US President Donald Trump has granted Mexico a temporary exemption of a month on most goods from recently imposed tariffs.
Venezuela naval vessels enter disputed Guyana waters near ExxonMobil site, Maduro regime approaches Caricom
Venezuela's coast guard vessels allegedly entered Guyanese waters on March 1, approaching an ExxonMobil production vessel in the disputed offshore region, Guyana's President Irfaan Ali announced.
EOG Resources targets 6% growth in production for 2025
EOG Resources has announced plans for a 6% growth in production for 2025, despite holding capital spending steady at 2024 levels.
Energy Transfer's $300m lawsuit against Greenpeace begins trial
A landmark trial has begun over a $300mn lawsuit filed by Texas-based Energy Transfer against Greenpeace, accusing the environmental group of disrupting the Dakota Access Pipeline’s construction and defaming the company.
Congress votes to scrap Biden-era methane fee
The Republican-controlled US Congress has moved to repeal a fee targeting methane emissions from oil and gas producers.
New US tariffs on Canadian and Mexican oil disrupt markets
Canadian oil imports to the US now face a 10% tariff, imposed on March 4. The sudden policy shift highlights ongoing volatility in trade relations between the US and its closest partners.
South Korea expresses interest in Alaska LNG project
South Korea has become the latest Asian country to indicate interest in the US’s long-stalled Alaska LNG project.
Chevron's Venezuela licence caught in political dispute
The decision by US President Donald Trump to revoke Chevron’s oil licence in Venezuela has heightened tensions, as Washington takes a harder line on President Nicolás Maduro’s regime.
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