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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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Oil supply glut set to stymie Trump's call to 'drill, baby, drill!”
President-elect Donald Trump’s pledge to "frack, frack, frack" is set to clash with a world awash in oil, potentially capping US shale production despite his ambitions to expand it.
Venezuela faces fresh US pressure as Washington recognises opposition leader as president-elect
The US has ramped up pressure on Venezuela's President Nicolás Maduro by formally recognising opposition candidate Edmundo González as the country's president-elect, marking the first time the Biden administration has used this designation.
Venture Global seeks to raise $3bn from IPO listing
Venture Global LNG has intentions to raise $3bn by filing an initial public offering in New York as soon as this week.
Trump’s proposed US tariffs could lower global economic growth, oil demand
President-elect Donald Trump has called for across-the-board tariffs on all imported US goods, which he says will protect the US economy. The tariffs could lower global economic growth and oil demand, says a new report.
Fate of shelved Bay du Nord project still uncertain, says Equinor
Norwegian energy giant Equinor has said that is has no decision yet on the fate of what would be Canada's first deepwater oil project, the $12bn Bay du Nord off the coast of Newfoundland.
US associated gas production increased almost 8% in 2023
US production of associated-dissolved gas, or associated gas, increased 7.9% in 2023 compared with 2022, according to data from Enverus Drillinginfo reported by the Energy Information Administration.
Trump taps fracking CEO Chris Wright as energy secretary, Doug Burgum as interior secretary
President-elect Donald Trump is nominating Chris Wright, a fracking company CEO, as energy secretary. Wright would have to be confirmed by the Senate, which in January will be controlled by Trump’s party, the Republicans.
Ovintiv to acquire oily land in Montney play for $2.38bn
Ovintiv has announced that it will buy, for $2.38bn cash, oil-rich assets from Paramount Resources in Canada's Montney shale play.
Biden vows to uphold LNG permit pause
US President Joe Biden will not lift the permit pause for new LNG projects before the end of his term, according to Secretary of Energy Jennifer Granholm.
US oil and gas industry welcomes Trump, with some caveats
The US oil and gas industry has generally welcomed the election of the pro-fossil fuel Donald Trump. But there are differences of opinion, and some analysts doubt Trump can immediately do everything he promises.
LatAmOil: Marco Rubio’s prospective role as Trump’s Secretary of State may signal tougher US stance on Venezuela
Marco Rubio’s prospective role as Trump’s Secretary of State may signal tougher US stance on Venezuela
Hard-liner Senator Marco Rubio of Florida has been nominated to become Secretary of State in Donald Trump’s administration, a role that could bring renewed intensity to US foreign policy vis-a-vis Venezuela.
Marco Rubio’s prospective role as Secretary of State could signal tougher US stance on Venezuela
Biden imposes methane fee on oil and gas emitters, and Trump may repeal it
The administration of lame duck US President Joe Biden has finalised a final rule authorising a methane levy for the first time for major oil and gas producers so that emissions of the powerful GHG are slashed.
TMX value is up to $24bn, says government report
The TMX pipeline project is worth as much as $24bn, says a new government report. Trudeau’s Liberal government has said it will sell the project.
Exxon to sell $1bn in Permian to Hilcorp, says report
ExxonMobil Corp will sell conventional oil drilling assets in the Permian Basin to Hilcorp Energy for about $1bn
EOG has blockbuster third quarter, will expand in Utica
EOG Resources has third quarter revenue of $5.96bn, a blockbuster albeit down around 4% from its $6.2bn high in Q3 of 2023. Its profits dropped by 17.5% to $1.67bn but they beat estimates.
US LNG industry braces for uncertainty in months ahead of Trump’s inauguration
President-elect Donald Trump’s vow to end the pause on LNG export approvals as a day one priority could prove to be a difficult promise to keep.
Trafigura inks 13-year gas offtake deal with NuVista
NuVista Energy, which produces natural gas from the Alberta’s Montney formation, will provide commodities trading company Trafigura with 21,000mn British thermal units per day of gas.
Alberta seeks to increase influence with Trump administration
Alberta wants to raise its profile and its clout with the incoming administration of President-elect Donald Trump.
Fostering relationships with clients and close attention to each project are key to success, says Canadian engineering firm at ADIPEC
Fostering personal relationships with clients and paying close individual attention to every project is the recipe for success, Jim Hanson, managing director for technical sales at Canadian firm Propak System, told Newsbase at ADIPEC.
AI takes centre stage at ADIPEC
The conference, where almost 200,000 participants gathered, featured a series of sessions dedicated to the technology, as well as a special AI zone, where various AI-related energy solutions and initiatives were presented.
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