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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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Denbury announces new CCUS agreements
Denbury Inc. has announced several new agreements related to its carbon capture, utilisation and storage business (CCUS).
Oil and gas sale in US Gulf of Mexico on March 29
The US Bureau of Ocean Energy Management (BOEM) will hold an oil and gas lease sale in the Gulf of Mexico on March 29, 2023, it has announced.
Venture Global signs LNG supply agreements with China Gas Holdings
Venture Global LNG and China Gas Holdings, a leading natural gas operator in China, have announced two 20-year LNG sales and purchase agreements.
Gulfstream LNG applies to export 4mn tpy of LNG
Gulfstream LNG Development is seeking approval to export up to 4mn tonnes per year from a facility in Louisiana.
Cheniere subsidiaries to expand LNG exports from Sabine Pass
Subsidiaries of Cheniere Energy are to expand liquefied natural gas (LNG) exports from the Sabine Pass Liquefaction (SPL) project in Cameron Parish, Louisiana.
Canadian flip-flopping on LNG leaves Japan, Korea hanging
US positioned to become world’s largest LNG exporter as three more projects look set to be approved
Freeport LNG receives approval for partial restart of two units
Canada’s federal, oilpatch tension still hindering progress on emissions and carbon capture
In Canada, tension between the Alberta and federal governments is still delaying talks on emissions and the carbon capture and storage technology needed to reduce CO2 pollution from the province’s oil and gas sector.
Chevron to deliver eight cargoes of Venezuelan oil to US this month
The US major Chevron is on track to send eight cargoes of Venezuelan crude oil to the US in February, with delivery volumes averaging more than 100,000 barrels per day.
US LNG producer Tellurian reports fourfold increase in production
Shell starts up Vito in US Gulf of Mexico
Shell Offshore has announced that production has started at the Vito floating production facility in the US Gulf of Mexico.
Williams, Chevron to partner on shale and deepwater gas deals
Williams, the midstream gas company, has partnered with supermajor Chevron to aid in the development of the Haynesville shale play and in production from the deepwater US Gulf of Mexico.
INEOS buys $1.4bn of oil and gas assets in Eagle Ford play
INEOS Energy is entering US oil and gas production for the first time with the acquisition of a portion of Chesapeake Energy’s remaining oil and gas assets in the Eagle Ford shale, located in south Texas, for $1.4bn.
India’s GAIL may buy stake in US LNG export facility
GAIL, India’s largest gas distributor, is mulling whether to buy a maximum 26% stake in a US-based project for LNG or a liquefaction plant. This is according to a GAIL document seen by news agencies.
Keyera to start up new Western Canadian condensate pipeline
Canadian midstream player Keyera is in the process of starting up a new natural gas liquids (NGL) and condensate pipeline.
Suncor to reduce 20% contractor work force in 2023
Suncor Energy is targeting a 20% reduction in its contractor workforce in the current year as it deals with inflationary pressures and supply chain issues that are driving costs upwards, according to the company’s interim CEO, Chris Smith.
Fossil fuel consumption subsidies in 2022 were at record high of $1 trillion
According to the International Energy Agency, worldwide subsidies for fossil fuel consumption increased dramatically in 2022, surpassing $1 trillion for the first time.
BP predicts faster decline in oil and gas demand
OPEC+ to stick with current deal to end of 2023
Enbridge targets higher volumes on Canadian Mainline in 2023
Calgary-based Enbridge is expecting higher throughput volumes on its Canadian Mainline system in 2023 compared with the previous year.
Precision anticipates increases in WCSB drilling
Drilling among producers in the Western Canadian Sedimentary Basin (WCSB) is expected to rise in the coming years as prices remain high and so does demand, senior industry officials have said.
ExxonMobil selects technology providers for planned blue hydrogen plant
ExxonMobil has selected two providers of decarbonisation technologies – Honeywell and Topsoe – to support its planned blue hydrogen facility at its Baytown refining and petrochemical complex on the Texas Gulf Coast.
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