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The publication continues to provide weekly coverage of upstream, midstream and downstream news, spanning shale oil and gas, LNG, oil sands, transport by pipeline and rail, company performance and regional energy policy – on both national and state or provincial levels. NorthAmOil provides regular updates on the status of major proposed projects in both the US and Canada. The publication also looks at more distant prospects, such as offshore Arctic drilling.
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EQT to acquire Olympus for $1.8bn
EQT has agreed to acquire the upstream and midstream assets of Olympus Energy for $1.8bn.
ConocoPhillips reportedly planning more layoffs
ConocoPhillips is reportedly planning to cut staff numbers as part of an effort to cut costs and streamline operations.
ExxonMobil, Calpine sign CO2 transportation and storage agreement
ExxonMobil has struck a deal with electricity producer Calpine to transport and permanently store up to 2mn tonnes per year of carbon dioxide from a cogeneration facility in Texas.
Halliburton posts reduced first-quarter profit, warns of headwinds
Halliburton’s first-quarter results come with a warning of short-term challenges amid tariff uncertainty and weaker oil prices as the company looks ahead.
Asian countries see LNG purchases from US as means to address Trump’s tariffs
America’s trading partners in Asia are seeking to find a means to avoid US tariffs. For some, agreeing to purchase more LNG from the US or join the Alaska LNG project is the way to do it.
Crude prices climb by 5% amid Trump tariffs & OPEC+ output cuts
Crude oil prices have increased by 5%, pushed by US sanctions on Iran that were aimed at damaging ‘teapot’ refineries in China, and additional output cuts from the Organisation of the Petroleum Exporting Countries and its allies (OPEC+).
Iran’s energy sector open to US investment, oil minister says
Iran’s petroleum industry is open to foreign investors, including American firms, Oil Minister Mohsen Paknejad said, as Tehran and Washington are set to sit down at the negotiating table to clear the air over Iran’s nuclear programme.
Chevron kicks off deepwater production at Ballymore
Chevron has begun production from the Ballymore subsea tieback in the deepwater US Gulf of Mexico.
BLOG: LNG gets politicised
We are currently witnessing a collapse in LNG trade between the US, the world’s largest exporter of the super-chilled fuel and its biggest importer, China – an event with profound and far-reaching consequences for the global LNG market.
EU mulls easing methane rules for US LNG
The European Union could take action to make it simpler for US LNG imports to meet the bloc’s methane emissions requirements.
China’s CNOOC bypasses US and signs LNG deal with ADNOC amid escalating tariff war
State-run China National Offshore Oil Corporation has come to agreement with Abu Dhabi National Oil Corp to purchase LNG from the Gulf company.
Canada weighs building new LNG export terminal on Hudson Bay
Canadian officials are mulling the possibility of building an export terminal on Hudson Bay to enable LNG to be shipped easily year-round to markets in Europe.
Iraq surpasses Saudi Arabia in oil exports to US
The US Energy Information Administration announced on April 20 that Iraq’s oil exports to the US exceeded those of Saudi Arabia during the past week.
Mexico suspends Valero fuel import permits
Mexican tax authority SAT suspended US refiner Valero's fuel import permits on April 9, the company said, Argus Media reported on April 11.
Mexico halts US fuel imports by truck in illegal sales crackdown
Mexico temporarily suspended fuel imports from the United States by truck as it steps up permit inspections to combat illegal fuel trades.
FTC potentially moving to ease restrictions on ExxonMobil, Chevron board membership
The US Federal Trade Commission has taken a step towards potentially easing restrictions on board membership at ExxonMobil and Chevron.
Enhanced geothermal, the next frontier: interview
The administration of President Donald Trump is sceptical about much renewable energy, but not about enhanced geothermal, which is also known as next-generation geothermal.
Calcasieu Pass LNG begins commercial operations after over three years in commissioning
Venture Global LNG has begun commercial operations at its Calcasieu Pass LNG export terminal in Louisiana.
Pantheon spells out hopes for Alaskan oil assets
Pantheon Resources is optimistic that it is in the right place at the right time as it sets out plans to develop its oil acreage in Alaska.
BP announces Gulf oil discovery with Far South
BP has made an oil discovery at the Far South prospect in the US Gulf of Mexico.
British Columbia adjusts net-zero requirements for Canadian LNG projects
The British Columbian provincial government on Canada’s west coast has downgraded its net-zero requirements for planned LNG projects in the wake of mounting uncertainty surrounding hydroelectricity supplies.
Mubadala Energy enters US LNG sector with purchase of stake in Kimmeridge
Abu Dhabi-headquartered Mubadala Energy has expanded its footprint to the US by purchasing a 24.1% stake in alternative asset manager Kimmeridge’s SoTex.
TotalEnergies agrees to buy LNG from NextDecade in 20-year deal
French firm TotalEnergies has applied its LNG purchase option for Train 4 of NextDecade’s Rio Grande LNG plant.
Pakistan weighs first-ever US crude imports to ease trade imbalance
Pakistan is considering sourcing crude oil from the United States for the first time, as part of efforts to reduce its trade imbalance with Washington
Mexico suspends Valero fuel import permits
Mexico's tax authority SAT suspended US refiner Valero's fuel import permits on April 9, the company said on April 11, Argus Media reported.
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