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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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COP28: US, Canada methane rules, Kerry slams Chevron

8 December 2023

The US has issued final methane regulations while Canada has issued a draft.

Leaked hydrogen tax guidance suggests US tax credits will not be available for blue hydrogen

8 December 2023

A leaked version of the US Treasury Department's much-awaited draft guidance on the Inflation Reduction Act's hydrogen tax credit appears to suggest that a narrow approach will be taken.

Venture Global expects lengthy start-up at second LNG plant

8 December 2023

A second LNG export plant by Venture Global should start operations in 2024 and will have a lengthy startup similar to its Calcasieu Pass LNG facility, chief executive Mike Sabel told Reuters.

Canada requires emissions cuts of up to 38% for oil and gas sector

8 December 2023

In an apparently unprecedented move, Canada will require its oil and gas sector to slash greenhouse gas emissions by 35% to 38% below 2019 levels starting in 2030.

Occidental reportedly in talks to acquire CrownRock

8 December 2023

Occidental Petroleum is in talks to buy Permian Basin producer CrownRock, according to sources quoted by several news outlets.

Willow winter construction in Alaska can go ahead, says judge

8 December 2023

A legal fight over the massive drilling project is underway. US District Court Judge Sharon Gleason denied requests to block winter construction work as an appeal on the permitting of the project is pending.

Canadian energy regulator denies variance for Trans Mountain expansion

8 December 2023

The Trans Mountain Expansion (TMX) pipeline project may be delayed after the Canada Energy Regulator (CER) denied a request for a variance.

Michigan regulators okay Great Lakes tunnel for Line 5

8 December 2023

Michigan regulators have approved an application by Canada’s Enbridge to build a single-line tunnel for its ageing pipeline under the Straits of Mackinac, in the Great Lakes.

Chevron announces $16bn 2024 capex budget

8 December 2023

Chevron has announced a capital expenditure range of $15.5 to $16.5bn for consolidated subsidiaries, and an affiliate capex budget of around $3bn for 2024, an increase of 11% compared with 2023.

ExxonMobil on track for $14bn further earnings, cash flow growth by 2027

7 December 2023

ExxonMobil expects to deliver $14bn annual earnings and cash flow growth from the end of 2023-2027, according to a new corporate plan.

Federal Trade Commission probes ExxonMobil’s $60bn deal to buy Pioneer

7 December 2023

Federal regulators are investigating ExxonMobil’s $60bn all-stock deal to buy Pioneer Natural Resources of Texas.

US LNG exports in November near record high

7 December 2023

US LNG exports climbed to a near record high in November as the country shipped 7.99mn tonnes abroad, according to tanker tracking data from the London Stock Exchange Group.

COP28: ExxonMobil CEO rails against fossil fuel phase-out, tells summit to focus on emissions

6 December 2023

ExxonMobil’s CEO, Darren Woods, has told the COP28 meet in Dubai that the world should focus on reducing emissions rather than phasing out fossil fuel.

COP28 leader defends controversial remarks

6 December 2023

Sultan al-Jaber, the oil executive who is leading the COP28 climate summit in Dubai, has rocked the conference with highly controversial remarks that there is “no science” that phasing out fossil fuels is necessary.

COP28: Major oil companies pledge to cut methane emissions

5 December 2023

About half of the world's oil firms, totalling almost 50 companies, have committed to achieving "near zero" methane emissions and discontinuing routine flaring in their operations by 2030, and achieving net zero by 2050.

OPEC+ extends voluntary cuts as Brazil prepares to join

4 December 2023

The group failed to agree on an additional cut that would apply to all members, so leading producers have once again decided to cut over and above the OPEC+ quotas

Alberta unveils CCUS initiative as COP28 opens in Dubai

1 December 2023

Canada's main oil-producing province, Alberta, has unveiled a new initiative aimed at reducing emissions tied to climate change.

Chevron, Shell are hampering efforts by US to refill the SPR, says report

1 December 2023

Major oil companies are delaying return of their borrowed barrels to the Strategic Petroleum Reserve (SPR).

ExxonMobil reverses course on methane emissions oversight

1 December 2023

ExxonMobil has opted to participate in the UN's primary programme for reporting methane emissions, aiming to project a more transparent image following a period of resisting external scrutiny of its climate change efforts.

Canada’s oil, gas producers to drill 8% more wells next year

1 December 2023

Canada’s oil and gas producers will drill 8% more wells next year, in large part because of greater access to pipelines such as the Trans Mountain expansion, said the Canadian Association of Energy Contractors.

Delfin, ARC sign long-term LNG and gas agreements with Gunvor, Cheniere

30 November 2023

Delfin Midstream Inc. and Gunvor Group have announced that Gunvor Singapore Pte has entered into a long-term LNG sale and purchase agreement with Delfin LNG.

Pemex’s Texas Deer Park refinery hits 16-year operational peak

26 November 2023

The Deer Park refinery, nestled in Houston, Texas, has achieved its most impressive operational and financial performance in over 16 years after Mexico’s state-owned energy major Pemex took over the facility.

Output growth expected in western Canada with more takeaway

24 November 2023

Alberta's oil sands production is once again challenging the existing pipeline capacity, especially to the Pacific Coast. This is a familiar scenario for Canadian producers, but will soon change.

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Edited by

Anna Kachkova


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