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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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US LNG exports still booming despite cargo cancellations

31 July 2020

Exports of LNG from the US have still risen year on year, despite a spate of cargo cancellations over the summer as a result of global oversupply.

Schlumberger posts weakest sales in 14 years

30 July 2020

Oilfield services giant Schlumberger has reported a $3.4bn net loss for the second quarter of 2020, down from a profit of $492mn in the same quarter a year ago.

Hess raises 2020 production outlook

30 July 2020

US independent Hess has raised its production outlook for the whole of 2020 by 10,000 boepd to about 330,000 boepd.

EQT restores curtailed gas production

30 July 2020

EQT, the largest natural gas producer in the US, said this week that it had restored all of the output it curtailed in May, and that there had been no degradation in well performance.

Enbridge submits Line 5 damage report, posts lower profit

30 July 2020

Pipeline operator Enbridge has submitted the findings of its investigation into damage to an underwater section of its 540,000 bpd Line 5 pipeline to Michigan state – as well as federal – authorities.

Oil sands giants report quarterly losses

30 July 2020

Suncor Energy and Cenovus Energy – two of the four leading producers in Canada’s oil sands – have reported losses for the second quarter of 2020.

Oil rig count inches up instead of another fall

30 July 2020

The slight weekly increase in the oil rig count was cancelled out by declines in the number of gas rigs, but is nonetheless being welcomed by the industry as a positive sign.

ConocoPhillips expands in Montney

29 July 2020

ConocoPhillips’ $375mn purchase of Montney shale acreage comes despite the headwinds that North American shale drillers are currently experiencing.

NRG: Beyond oil

28 July 2020

Kinder Morgan ready to start up seventh Elba Island train

23 July 2020

US infrastructure operator Kinder Morgan has requested regulatory permission to put the seventh liquefaction train into service at the Elba Island LNG export terminal in Georgia.

Two more producers file for bankruptcy protection

23 July 2020

Last week’s announcement that California Resources was filing for Chapter 11 bankruptcy protection was followed by news this week that Bruin E&P Partners was following suit.

Halliburton posts $1.7bn loss in warning sign for earnings season

23 July 2020

Oilfield services firm Halliburton has reported a $1.7bn loss for the second quarter of 2020, compared with a loss of $1.0bn in the first quarter of this year and a $75mn profit during the same quarter a year ago.

US, India take steps towards oil reserve co-operation

23 July 2020

Officials representing the US and India have signed a memorandum of understanding on co-operation relating to emergency crude reserves.

Okra Energy subsidiary to deliver LNG to Mexico’s Énestas

23 July 2020

A subsidiary of US-based Okra Energy has announced plans to deliver LNG to a customer in Mexico.

Pace of US LNG cargo cancellations slows

22 July 2020

LNG buyers are continuing to cancel cargoes of the super-chilled fuel that are scheduled for loading from the US, but the pace of these cancellations is reported to be slowing.

FERC approves Williams’ Leidy South pipeline

22 July 2020

Gas infrastructure company Williams has received approval from the US Federal Energy Regulatory Commission to proceed with its Leidy South pipeline expansion project.

Hibernia production shut down after fluid spill

22 July 2020

Output at the Hibernia oil platform offshore Newfoundland and Labrador in Eastern Canada has been temporarily shut down following a spill of drilling and production fluids on July 19.

Chevron to buy Noble in first major post-crash deal

21 July 2020

Chevron has agreed to buy Noble Energy for $5bn in stock in the first major deal of the current oil downturn, but whether this ushers in a new wave of consolidation remains uncertain.

NRG: A global mixed bag

21 July 2020

The global pandemic is beginning to sort the weak from the strong, with some oil and gas projects receiving continued support despite the downturn while others are being labelled “wait and see”

Cryopeak signs BC bunkering MoU

16 July 2020

British Columbia-based Cryopeak LNG Solutions announced this week that it had signed a memorandum of understanding with marine bulk fuels transporter Island Tug & Barge to provide LNG bunkering services in the Canadian province.

Mountaineer Xpress returns to service, boosting US gas production

16 July 2020

US natural gas production was reported to have risen slightly in the days after TC Energy’s Mountaineer Xpress pipeline was returned to service in West Virginia following unplanned maintenance.

Gulf Coast refiners making manoeuvres amid COVID-19 outbreaks

16 July 2020

Refiners on the US Gulf Coast are trying to maintain operations and make various moves while battling coronavirus (COVID-19) outbreaks and delays related to the pandemic.

Diamondback scales back 2020 output forecast

16 July 2020

Shale driller Diamondback Energy has scaled back its production forecast for 2020, citing higher-than-expected curtailed volumes in the second quarter of the year, and volatile crude prices.

Gas flows to US LNG terminals fall to new lows

16 July 2020

Natural gas flows to US liquefaction terminals fell to new lows in July, having already registered a 20-month low in June.

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Edited by

Anna Kachkova


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