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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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NextDecade deal for Irish LNG supply falls through
Summit cleared to proceed with Double E construction
Summit Midstream Partners announced this week that it had been granted its notice to proceed with construction of the Double E gas pipeline in the Permian Basin by the US Federal Energy Regulatory Commission (FERC).
CAPP forecasts 14% increase in Canadian upstream investment
The Canadian Association of Petroleum Producers (CAPP) said this week that it expected investment in upstream oil and gas in the country to rise by 14% in 2021.
Enbridge battles over pipelines on two different fronts
Canada’s Enbridge has been battling over two separate issues related to its Mainline oil pipeline system and its Line 5 pipelines in the Straits of Mackinac in Michigan.
What’s next for the Venezuelan sanctions regime?
The incoming Biden administration is likely to take a softer approach to Venezuelan sanctions, but opposition leader Guaido will continue to play a role in US policy discussions .
Judge approves Chesapeake’s bankruptcy plan
A US judge has approved Chesapeake Energy’s Chapter 11 bankruptcy plan this week, giving lenders control of the firm, whose value has risen since it first filed for bankruptcy protection last year.
Occidental talks up carbon management plans
Occidental Petroleum, which set out details of how it would achieve net-zero emissions from its operations late last year, has provided more details on the role carbon capture and storage (CCS) will play in its plans.
Shale drillers urge restraint
US crude prices are up at $53 per barrel, but leading shale drillers have said they will proceed with restraint, and have urged their peers to do the same.
NRG: Pushing ahead with plans
Companies and countries alike are taking steps forward with various oil and gas plans, though some continue to tread carefully in uncertain market conditions.
A positive start to 2021 for LNG
After a tough 2020, this year has started relatively positively for the LNG industry.
Oil sands production sets record
Production from Alberta’s oil sands hit a record high in November 2020 according to provincial data.
Trump administration’s Arctic lease auction draws little interest
A federal auction of oil leases in the Arctic National Wildlife Refuge (ANWR) in Alaska this week drew limited interest from producers.
US regulators approve request to convert Kenai LNG plant to imports
The US Federal Energy Regulatory Commission (FERC) approved a proposal in the second half of December to convert the mothballed Kenai LNG export facility in Alaska to imports on a limited basis.
Shale consolidation continues over Christmas with Diamondback deals
Consolidation of the US shale industry continued over the 2020-21 festive season, with Diamondback Energy announcing on December 21 that it had struck separate deals to acquire QEP Resources and all assets of Guidon Operating.
Georgia Senate runoff a game-changer for Biden
The Democrats’ double victory in Georgia’s runoff election narrowly hands them control of the Senate, making it significantly easier for US President-elect Joe Biden to proceed with his legislative agenda.
Port of Corpus Christi approves oil export terminal plan
The Port of Corpus Christi on the Texas Gulf Coast finalised leasing and pipeline easement agreements in the second half of December for a proposed deepwater crude export terminal.
Kinder Morgan starts up Permian Highway pipeline
Kinder Morgan announced this week that its Permian Highway gas pipeline had entered full commercial service on January 1.
A long, strange year: 2020 in review
NewsBase’s editors are marking the start of 2021 with a review of how each of the regions covered by our organisation was affected by the events of the past 12 months.
NRG: Energy markets edge cautiously into a new year
Concerns about energy demand and OPEC+ production quotas continue to exert pressure on oil prices, despite the debut of the COVID-19 vaccine
Texas players make midstream moves
Several separate midstream developments have been reported in Texas in the past few days, focused on natural gas gathering and transmission.
BP buys majority stake in leading US carbon offset player
Super-major BP has acquired a majority stake in Finite Carbon, the largest developer of forest carbon offsets in the US.
Another step forward for New Jersey LNG-by-rail project
The Delaware River Basin Commission (DRBC) voted last week to approve a permit for construction of Delaware River Partners’ LNG export terminal in Gibbstown, New Jersey.
Trudeau steps up decarbonisation efforts
Canadian Prime Minister Justin Trudeau has unveiled a decarbonisation plan that will see the carbon tax gradually rise over the coming decade, with implications for the oil industry.
Parsley prepares to lay off staff as part of merger
Parsley Energy will lay off most of its Austin, Texas workforce as part of its takeover by Pioneer Natural Resources.
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