NorthAmOil - North America Oil & Gas

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Oil & Gas

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Overview

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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Cryopeak begins construction on small-scale LNG facility

8 April 2020

Canada’s Cryopeak LNG Solutions has started construction on a small-scale LNG facility in Fort Nelson, British Columbia.

Wave of capital spending cuts continues

8 April 2020

More capital expenditure cuts are being announced by US oil and gas companies, including some producers that are scaling back spending for a second time since oil prices collapsed in March.

US LNG exports to China resuming thanks to tax waivers

8 April 2020

Shipments of US LNG to China are resuming after Beijing has reportedly started granting tax waivers to certain importers of the super-chilled fuel.

Premier exits Alaska joint venture after condensate find

8 April 2020

Premier Oil will exit the Area A joint venture in which it partners with 88 Energy on Alaska’s North Slope after their Charlie-1 well encountered natural gas condensates but not the light oil that the partners were targeting.

Whiting becomes first bankruptcy of latest oil price crash

8 April 2020

Shale producer Whiting Petroleum has filed for bankruptcy protection in the wake of the oil price collapse, and many others are set to follow unless prices improve.

Global oil storage facilities near capacity

8 April 2020

The unprecedented glut in global oil supply has tested storage capacity to the limits, driving the world’s biggest producers to negotiate a truce this year and curb their output.

Russia, Saudi Arabia agree to slash oil production, Trump claims

2 April 2020

Donald Trump said on April 2 that Russia and Saudi Arabia would be cutting their output, instead of continuing with a supply war that could result in hundreds of oil companies going out of business. The Kremlin denied his claim.

Saudi oil surge and the threat to the energy transition

2 April 2020

The Saudi-led oil glut leaves the energy transition and decarbonisation efforts hanging in the balance

Cheniere seeks regulatory approval to start Midship pipeline

2 April 2020

US LNG producer Cheniere Energy has filed a request with federal regulators to begin service on its newly completed Midship pipeline from Oklahoma’s Anadarko Basin.

Cheniere tender suggests it may cut production

1 April 2020

Cheniere Energy, the US’ largest producer of LNG, has made the unusual move of tendering to buy six cargoes of LNG for delivery to Europe later this year.

Court orders review of Dakota Access segment

1 April 2020

A federal court ordered the US government last week to conduct a full environmental review of a segment of Energy Transfer Partners’ Dakota Access pipeline.

Shell quits Lake Charles LNG project

1 April 2020

Royal Dutch Shell has announced that it is pulling out of the proposed Lake Charles LNG project in Louisiana, in which it partners Energy Transfer on a 50:50 basis.

Alberta throws weight behind Keystone XL

1 April 2020

The government of Alberta has agreed to invest in the Keystone XL pipeline, allowing operator TC Energy to begin construction on the long-delayed project.

Woodfibre LNG construction delayed

26 March 2020

Construction on the planned Woodfibre LNG project in British Columbia, Canada has been delayed by a year, partly as a result of the coronavirus (COVID-19) pandemic.

Suncor, CNRL take steps to adapt to lower price environment

25 March 2020

Suncor Energy and Canadian Natural Resources Ltd have both announced steps in recent days that they are taking to adjust to the collapse in oil prices.

ExxonMobil reportedly cutting production at Gulf Coast refineries

25 March 2020

ExxonMobil has reportedly cut production at two of its refineries on the US Gulf Coast owing to weak demand.

Aker agrees to provide umbilicals for Chevron’s Gulf operations

25 March 2020

Aker Solutions has entered into a master agreement to provide umbilicals for Chevron’s operations in the US Gulf of Mexico over a 20-year period, and will supply the super-major's Anchor project under its first work order.

Leading oilfield service firms unveil capex cuts

25 March 2020

Schlumberger and Halliburton – the top two leading oilfield service firms globally – have both said they are cutting spending in response to the collapse in crude prices.

Chevron cuts 2020 capex budget by $4bn

25 March 2020

US-headquartered super-major Chevron has said it is reducing its capex budget for 2020 by $4bn, or 20%.

Jordan Cove LNG receives federal approval, but state battle remains

25 March 2020

The proposed Jordan Cove LNG facility has received its long-awaited federal regulatory approval, but operator Pembina still has a battle on its hands to ensure the project can go ahead.

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