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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 shift from Europe to Asia in July
US LNG exports are increasingly being bought up by Asian purchasers at the expense of European buyers data for July deliveries revealed.
Eco Atlantic agrees to sell 1% interest in 3B/4B Block offshore South Africa to Africa Oil
Oil, gas exports increasingly fuelling Canadian economy
In the last 20 years, energy has become Canada’s leading export sector, mainly because of higher oil production volumes, rising hydrocarbon exports, and still-robust global demand for fossil fuels.
BP gives go-ahead for sixth operated hub in US Gulf of Mexico
Oil major BP has taken a final investment decision on the offshore Kaskida project in the US Gulf of Mexico.
Golden Pass LNG to pick new contractor as Zachry Holdings exits project
Golden Pass LNG is searching for a new construction contractor after Zachry Holdings exited the project.
US upstream M&A sails on with $30bn in 2Q24 – Enverus
US upstream mergers and acquisitions have experienced heightened activity for three consecutive quarters, with transactions surpassing $30bn, according to a recent report by Enverus Intelligence Research.
Canada may delay Trans Mountain pipeline sale until after 2025 election
The Canadian government may delay the sale of the Trans Mountain oil pipeline until after the 2025 federal elections.
Freeport LNG resumes full operations
The US’s second-largest LNG export terminal Freeport LNG is back operating at full production.
Occidental to sell Delaware Basin assets to Permian Resources for $818mn
Occidental has agreed to sell Delaware Basin assets in Texas and New Mexico to Permian Resources for around $818mn.
Vital Energy to expand in Permian with $1.1bn bolt-on acquisition
Vital Energy and Northern Oil and Gas have agreed with private equity-backed Point Energy Partners to buy Point's Delaware Basin assets for $1.1bn cash.
US refills strategic oil stockpile to 2022 levels
The US’s Biden administration has refilled some of the Strategic Petroleum Reserve, which had been drawn down following the energy crisis and high crude prices following Russia’s invasion of Ukraine.
US presidential contender Kamala Harris reverses on fracking ban
Vice President Kamala Harris, the Democratic presidential nominee apparent, has reversed herself on her call for a fracking ban.
Helmerich & Payne to acquire KCA Deutag
Helmerich & Payne (H&P) is to acquire UK-based KCA Deutag International for $1.97bn in cash
US, UK called out on hypocrisy on climate pledges as they ramp up oil and gas exploration to record levels
The US and UK have been accused of hypocrisy as they blow through their carbon budget allowances and issue record amounts of oil and gas exploration licences, The Guardian reports, according to a new report from energy consultant Rystad and the IISD.
Kamala Harris more critical of oil, gas than Biden
Kamala Harris, the presumptive Democratic nominee for the White House, took little time before zeroing in on the oil industry.
Ecopetrol considering $3.6bn investment in US shale
Colombian energy company Ecopetrol is in talks with Occidental Petroleum to purchase a significant stake in CrownRock, a US shale oil producer.
Halliburton, SLB report strong global demand, softer North American results
US oilfield service firms Halliburton and SLB, formerly Schlumberger, reported higher quarterly profits in the second quarter that analysts said were aided by stronger worldwide demand.
Colombia’s Ecopetrol may buy $3.6 bn CrownRock Permian stake from Occidental
Occidental Petroleum is in talks to sell a 30% stake in shale producer CrownRock to Colombia’s state-owned Ecopetrol.
Wildfires threaten 10% of Alberta’s oil output, says report
Wildfires in Canada’s oilpatch, Alberta, are threatening almost 10% of output.
FTC scrutinises US oil executives’ texts for alleged shale cartel
Executives at Hess, Occidental and Diamondback are having their texts and emails reviewed by the Federal Trade Commission for possible collusion with OPEC, said Bloomberg citing anonymous sources.

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