NorthAmOil - North America Oil & Gas

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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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EQT, Equitrans Midstream to combine in $5.5bn deal

14 March 2024

The largest natural gas producer in the US, EQT Corp, has agreed to buy Equitrans Midstream in a deal worth around $5.5bn. It will be an all-stock transaction with a combined company enterprise value of more than $35bn.

LNG Canada set to begin commissioning activities

14 March 2024

Shell-led LNG Canada is nearly finished with construction work and will be commencing commissioning and start-up activities shortly, the company revealed in a statement on March 7.

Regulator asks Venture Global for clarification on Calcasieu Pass terminal

14 March 2024

LNG developer Venture Global has been asked by the Federal Energy Regulatory Commission to provide more clarity on the basis for its filing of confidential documents concerning the Calcasieu Pass LNG export terminal.

Suncor signs oilsands deal with First Nation

14 March 2024

Oilsands giant Suncor has signed an agreement with the Fort McKay First Nation that the oilsands giant says could lead to its first-ever oil project on Native lands. Suncor is the second largest oil producer in Canada.

Antitrust concerns raised again for US mergers

14 March 2024

Almost 50 Democratic congressional lawmakers have asked the Federal Trade Commission (FTC) to probe a spate of oil and gas company mega-mergers, which they say may harm competition and consumers with higher prices.

Shutdown of controversial Michigan pipeline could harm US ties, says Canada

14 March 2024

In a court filing, Canada has said that the closure of Enbridge’s Line 5 in Michigan could hamper relations with the US.

US produced more oil in 2023 than any country for sixth consecutive year

14 March 2024

The US produced more oil than any country at any time for the past six years in a row, according to the US Energy Information Administration.

Freeport’s feedgas usage drops as restart remains unclear

14 March 2024

The Freeport LNG terminal’s feedgas intake was down by close to 50% over the last week, data from the London Stock Exchange revealed.

NextDecade aims for final investment decision before year end on Rio Grande LNG’s fourth train

13 March 2024

US LNG developer NextDecade Corporation is seeking a positive final investment decision during the second half of 2024 for the fourth train at its Rio Grande LNG terminal, the company revealed.

Chevron resumes drilling operations in Venezuela amid US regulatory pressures

12 March 2024

US oil company Chevron Corp. has resumed drilling operations in the Orinoco belt region of Venezuela, aiming to bolster production amid looming regulatory pressures from Washington.

EQT to curtail production as gas prices flounder

8 March 2024

EQT announced that it had made the strategic decision to curtail about 1bn cubic feet (28.3mn cubic metres) per day of gross production of gas beginning in late February.

Exxon seeks arbitration in Chevron take-over of Hess

8 March 2024

ExxonMobil has filed for arbitration to claims rights in the Chevron take -over of Hess, including Hess’ valuable rights to 30% of the Stabroek Block project off Guyana.

Enbridge to invest $500 mn to bolster Gulf of Mexico presence

8 March 2024

Pipeline operator Enbridge will spend $500mn to improve its pipelines and storage and storage assets to bolster its US Gulf Coast operations.

Trans Mountain to start line fill next month

8 March 2024

Canada’s Trans Mountain Expansion (TMX) much-delayed pipeline will start line fill in April, says MEG Energy Corp.

Bill introduced to ban LNG exports to four countries, China included

7 March 2024

Democratic Senators Sherrod Brown of Ohio and Jeff Merkley of Oregon have introduced the Protecting American Households From Rising Energy Costs Act.

Chevron unveils first solar-to-hydrogen production project, idles two Midwest biodiesel plants

6 March 2024

Chevron New Energies, a division of Chevron, announced it is developing a 5-MW hydrogen production project in California’s Central Valley.

SEC issues new climate rule

6 March 2024

A new rule in the US will require all publicly traded companies to disclose ways in which climate change poses significant risks to their business.

US supplies almost half of Europe’s LNG imports in 2023

6 March 2024

The US was Europe’s top supplier of LNG in 2023, marking the third consecutive year it has held that title according to new data from gas intelligence firm CEDIGAZ.

Tellurian expects financing decision on Driftwood this year

6 March 2024

Houston-based LNG developer Tellurian expects a final investment decision to be made before the end of the year on Driftwood LNG plants 1 and 2.

Venezuela grapples with shipping delays as oil exports inch up amidst US sanctions return fears

6 March 2024

Venezuela’s oil exports edged up in February to approximately 670,000 barrels per day, yet persistent shipping delays exacerbated a backlog of tankers awaiting loading, as per documents and vessel tracking data.

Exxon, CNOOC may derail Chevron’s $53bn bid for Hess

1 March 2024

In a surprise move, ExxonMobil and China National Offshore Oil Corp. are asserting that they have the right to pre-empt Chevron’s purchase of Hess’ stake in the prolific deep-water offshore Stabroek field off Guyana.

Trans Mountain Expansion cost estimate balloons again

1 March 2024

The expansion of the Trans Mountain pipeline will cost around $2.3bn more than the owner had previously reported in May.

Edited by

Anna Kachkova

Editor

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