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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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Suncor to keep Petro-Canada retail business
Suncor says it will retain its Petro-Canada retail business. The gas station chain, with 1,600 locations, sells an estimated 18% of Canada’s retail fuel.
ExxonMobil, MHI to deploy CO2 capture technology
ExxonMobil and Mitsubishi Heavy Industries (MHI) have joined forces to deploy MHI’s CO2 capture technology as part of ExxonMobil’s end-to-end carbon capture and storage (CCS) solution for industrial customers.
Next wave of US LNG projects advances
The next wave of US LNG export capacity is advancing, with various announcements relating to particular projects being made recently.
CNOOC seeks buyers for US oil assets
COP27 – Canada faces criticism for oil and gas stance
Though global delegates have left COP27 in Sharm El-Sheikh, the criticism of Canada’s stance on fossil fuels is still sharp.
Natural gas trade between Canada and US lower but still important – EIA
Gross imports of dry natural gas from Canada accounted for, on average, 8% of US supply as of the end of August, said the US Energy Information Administration (EIA). In 2005, 17% of the total US supply of dry natural gas was imported from Canada.
FERC completes review of TC Energy gas pipeline
The Federal Energy Regulatory Commission completed a review of plans to expand the capacity of TC Energy’s Gas Transmission Northwest (GTN) pipeline. The commission found the project would have little adverse impact.
BLM announces lease sale in Nevada and Utah
The US Bureau of Land Management has announced the lease sale of more than 40,000 hectares of land in Nevada and Utah.
NorthAmOil: COP27 - Canada faces criticism for oil and gas stance
Ranger Oil mulls sale
Eagle Ford oil and gas producer Ranger Oil is exploring a sale, reports Reuters exclusively.
Canada’s oil and gas industry reacts to Ottawa's share buyback tax plan
Canada’s oil and gas industry is assessing the potential impact of Ottawa’s plan to tax share buybacks but is unlikely to be deterred from further buybacks in the future.
Saudi, UAE ministers deny talks of output increase
China, US lock horns over climate commitments
APA mulls selling acreage in SE Texas
APA, formerly known as Apache, is considering selling some 85,790 hectares of shale play in south-east Texas, reports Reuters. The land is in the Eagle Ford and Austin Chalk shale plays, said the news service, citing a document it has seen.
Oil producer Diamondback to acquire Lario Permian for $1.5bn
Oil and gas producer Diamondback Energy is on a buying spree. It is to buy all leasehold interest and related assets of Lario Permian, a subsidiary of Lario Oil & Gas for some $1.5bn in shares and cash.
Biden announces tighter methane rule for US oil and gas industry
GHG emissions cap for Canada’s oil and gas by end of 2023, says minister
National regulations will be completed in 2023 for a cap on greenhouse gas emissions from the Canadian oil and gas sector, said Environment Minister Steven Guilbeault in an interview with Canadian Press at COP27, the UN climate summit in Egypt.
Canada’s oil sands producers continue to profit from price trends
Canada’s leading oil sands producers have reported another set of profits for the third quarter of 2022 as higher oil prices continued to bolster their performance
EOG Resources announces new acquisition in the Utica, to drill 20 wells in 2023
Shale producer EOG Resources has announced a new position in the Utica Combo in Ohio and will drill about 20 wells there in 2023. Development is already under way.
Continental Resources reports third-quarter production rise
Shale producer Continental Resources has reported that it increased production in the third quarter against the previous quarter.
Biden administration unlikely to change course even with a Republican-led Congress: API lobbyist
President Joe Biden and his administration are unlikely to change course if there is a divided government following the midterm elections on November 8, says a leading oil lobbyist.
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