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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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TC Energy, Canadian Indigenous deal in flux
TC Energy’s planned sale of a stake in its western Canadian gas pipeline system to Indigenous group may differ from what had originally been proposed.
Venture Global faces pending arbitration claims of nearly $6bn
US LNG upstart Venture Global is facing pending arbitration claims of $5.9bn from eight different companies.
NorthAmOil: Trump planning executive order to remove LNG ban
Trump planning executive order to remove LNG ban
President-elect Donald Trump’s promise to lift the temporary ban on LNG export approvals for new projects as a day one priority is beginning to take shape.
South Korean firms eye US LNG boom under incoming Trump White House
South Korean energy and shipbuilding giants are ramping up efforts to capitalise on a much awaited surge in the US LNG market.
US is the world’s largest oil producer
The chart shows annual production by country from 1990 to 2023. The US has been the largest producer for the last seven years, Our World in Data reports.
Mexico devises strategy to shield exports from US tariffs under Trump
Mexico is taking decisive steps to protect its trade interests with the United States amid growing concerns over potential tariffs on its exports under the incoming Trump administration.
Oil supply glut set to stymie Trump's call to 'drill, baby, drill!”
President-elect Donald Trump’s pledge to "frack, frack, frack" is set to clash with a world awash in oil, potentially capping US shale production despite his ambitions to expand it.
Venezuela faces fresh US pressure as Washington recognises opposition leader as president-elect
The US has ramped up pressure on Venezuela's President Nicolás Maduro by formally recognising opposition candidate Edmundo González as the country's president-elect, marking the first time the Biden administration has used this designation.
Venture Global seeks to raise $3bn from IPO listing
Venture Global LNG has intentions to raise $3bn by filing an initial public offering in New York as soon as this week.
Trump’s proposed US tariffs could lower global economic growth, oil demand
President-elect Donald Trump has called for across-the-board tariffs on all imported US goods, which he says will protect the US economy. The tariffs could lower global economic growth and oil demand, says a new report.
Fate of shelved Bay du Nord project still uncertain, says Equinor
Norwegian energy giant Equinor has said that is has no decision yet on the fate of what would be Canada's first deepwater oil project, the $12bn Bay du Nord off the coast of Newfoundland.
US associated gas production increased almost 8% in 2023
US production of associated-dissolved gas, or associated gas, increased 7.9% in 2023 compared with 2022, according to data from Enverus Drillinginfo reported by the Energy Information Administration.
Trump taps fracking CEO Chris Wright as energy secretary, Doug Burgum as interior secretary
President-elect Donald Trump is nominating Chris Wright, a fracking company CEO, as energy secretary. Wright would have to be confirmed by the Senate, which in January will be controlled by Trump’s party, the Republicans.
Ovintiv to acquire oily land in Montney play for $2.38bn
Ovintiv has announced that it will buy, for $2.38bn cash, oil-rich assets from Paramount Resources in Canada's Montney shale play.
Biden vows to uphold LNG permit pause
US President Joe Biden will not lift the permit pause for new LNG projects before the end of his term, according to Secretary of Energy Jennifer Granholm.
US oil and gas industry welcomes Trump, with some caveats
The US oil and gas industry has generally welcomed the election of the pro-fossil fuel Donald Trump. But there are differences of opinion, and some analysts doubt Trump can immediately do everything he promises.
LatAmOil: Marco Rubio’s prospective role as Trump’s Secretary of State may signal tougher US stance on Venezuela
Marco Rubio’s prospective role as Trump’s Secretary of State may signal tougher US stance on Venezuela
Hard-liner Senator Marco Rubio of Florida has been nominated to become Secretary of State in Donald Trump’s administration, a role that could bring renewed intensity to US foreign policy vis-a-vis Venezuela.
Marco Rubio’s prospective role as Secretary of State could signal tougher US stance on Venezuela
Biden imposes methane fee on oil and gas emitters, and Trump may repeal it
The administration of lame duck US President Joe Biden has finalised a final rule authorising a methane levy for the first time for major oil and gas producers so that emissions of the powerful GHG are slashed.
TMX value is up to $24bn, says government report
The TMX pipeline project is worth as much as $24bn, says a new government report. Trudeau’s Liberal government has said it will sell the project.
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