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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 oilfield service sector to continue consolidating in 2025, says Deloitte
America’s oilfield service sector is set to continue consolidating in 2025, says Deloitte's 2025 Oil and Gas Industry Outlook.
NorthAmOil: US-Canada trade war looming?
US-Canada trade war looming?
President-elect Donald Trump has said he will impose an across-the-board 25% tariff on all Canadian exports to the US. Oil will apparently be included. Canada is the largest exporter of oil to the US.
Energy Transfer okays $2.7bn gas pipeline from Permian Basin
Energy Transfer LP says it has reached a positive final investment decision for the construction of a $2.7bn intrastate gas pipeline connecting Permian Basin production to what it says are premier markets and trading hubs.
AI finds hundreds of orphaned wells in the US, say researchers
Chevron CEO warns of Russia-China takeover risk in Venezuela if forced to quit
Chevron Corp. has not discussed its Venezuela operations with President-elect Donald Trump's team, chief executive officer Michael Wirth said on December 6, highlighting uncertainty over the oil giant's future in the sanctions-hit country.
OPEC+ extends delay to easing restrictions
OPEC+ has further delayed its plan to ease oil production quotas
Fortis applies for environmental assessment for Tilbury Phase 2 LNG expansion project
Canadian natural gas utility Fortis BC has applied for an environmental assessment with British Columbia regulators for the Tilbury Phase 2 LNG expansion project.
Court dismisses suits against Zachry Industrial over fire at Freeport LNG terminal
A US court has thrown out two lawsuits by Allianz Global Risks US Insurance Co. against Zachry Industrial and its joint venture partners, which sought damages of $1.3bn stemming from a fire and explosion at the Freeport LNG terminal in Texas.
Inflationary pressures reducing competitiveness of US LNG, analysts say
New US LNG projects face inflationary concerns as the rising costs of constructing and equipping new facilities is lowering their competitiveness in the global market.
Canada’s oil, gas drilling projected at 10-year high
The Canadian Association of Energy Contractors predicts that Western Canada will see a total of 6,604 oil and gas wells drilled in 2025, marking a 7.3% increase compared with 2024.
Permian’s strategic role expands amid global energy tensions
America’s top oil-producing region is becoming more important globally as geopolitical tensions continue.
US gas inventories enter the winter at highest level since 2016
Natural gas storage in the Lower 48 states concluded the 2024 injection season with an estimated 111.1bn cubic metres, according to data from the Energy Information Administration in a report published on December 2.
Crescent to bolt on Central Eagle Ford assets
Crescent Energy Company has announced that it agreed to purchase Eagle Ford assets from Ridgemar Energy for $905mn upfront plus a future oil price contingent amount of $170mn.
Wood Mac study: Increase of US LNG required to reduce Asia’s rising coal use
Asia’s emissions from power generation will soar from increased coal use in the coming decades unless a substantial amount of new LNG supply from the US enters the market, a new study by energy consultant Wood Mackenzie has revealed.
NorthAmOil: Wood Mac study: Increase of US LNG required to reduce Asia’s rising coal use
Natural gas demand for LNG in the US hits near record levels amid cooler weather
Demand for natural gas for LNG processing reached near record levels on November 29 as colder temperatures and fewer outages spurred increased intake of natural gas feedstock.
Woodside’s CEO says it will add partners to Louisiana LNG project before March
Australia’s Woodside Energy plans to onboard several new partners as it sells a 50% stake in its Louisiana LNG project.
Trump’s oil and gas plans are taking shape
President-elect Donald Trump's transition team is already putting together an energy package, and it will impact on oil and gas in what observers say is a very positive way.
Canada’s oil, gas industry spooked by Trump talk of tariffs
President-elect Donald Trump has threatened 25% tariffs – a border tax of sorts – on imports of all goods from Canada on day one of his new administration, which starts on January 20.
Alberta to challenge Ottawa’s cap on oil and gas emissions
Canada’s oil-patch Alberta will soon challenge Prime Minister Justin Trudeau’s planned cap on oil and gas emissions.
Legal fees hit $30mn in stalled Citgo share sale as creditors voice concern
Court-appointed advisers managing the frozen auction of Venezuela's Citgo Petroleum parent company have amassed nearly $30mn in fees, sparking outrage among creditors awaiting compensation.
INTERVIEW: Black & Veatch well-positioned for growth through energy transition
Global engineering, procurement and construction firm Black & Veatch is well-positioned both in the LNG space and across the broader energy sector to capitalise on the energy transition and ensure the company’s continued growth.
ONEOK to acquire remainder of EnLink for $4.3bn in stock
Pipeline operator ONEOK is to acquire the outstanding shares of EnLink Midstream for $4.3bn in common stock.
EQT signs midstream gas deal with Blackstone
EQT Corporation has agreed, with funds managed by Blackstone Credit & Insurance, to form a new midstream gas-pipeline joint venture.
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