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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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Refiner Motiva Enterprises is buying a chemical plant in Port Arthur, Texas, from an affiliate of Flint Hills Resources.
The first liquefaction train at Sempra Energy’s Cameron LNG terminal on the US Gulf Coast has started commercial service, while Freeport LNG confirmed on the same day that it had also entered production.
A power outage on the Hibernia oil production platform offshore Eastern Canada occurred over the weekend of August 17-18, resulting in a spill of 2,200 litres of oil into the Atlantic Ocean.
News that construction could soon begin on Woodfibre LNG is a further sign of progress, however slow, for Canada’s nascent LNG industry.
The tough operating environment shale drillers find themselves in is being illustrated by a number of companies’ second-quarter results.
EPIC Midstream Holdings has started crude shipments from the Permian Basin to the Texas Gulf Coast.
The US Bureau of Ocean Energy Management has approved Royal Dutch Shell’s sale of its 22.45% stake in the Caesar-Tonga oilfield in the US Gulf of Mexico to Norway’s Equinor.
Koch Industries has confirmed that recently sold off its upstream leases and abandoned licences in Alberta’s oil sands.
Commodity trader Trafigura announced on August 12 that it has started shipping oil on the Cactus II pipeline out of the Permian Basin.
Occidental Petroleum closed its acquisition of Anadarko Petroleum last week and is now figuring out the next steps to take with the latter’s assets.
Over the past week, both Halcon Resources and Sanchez Energy have separately filed for Chapter 11 bankruptcy protection.
US independent Murphy Oil has announced that it is proceeding with three new projects in the deepwater US Gulf of Mexico.
Occidental Petroleum has sold $13bn of bonds to help finance its $38bn acquisition of Anadarko Petroleum.
Chevron has reported strong profits for the second quarter of 2019, while rival super-major ExxonMobil reported a year-on-year drop owing to low weaker natural gas prices and higher maintenance costs.
Plains All American Pipeline has completed its Cactus II pipeline from the Permian Basin in West Texas to the Corpus Christi area on the Texas Gulf Coast.
Q2 profit significantly above market average expectation mainly thanks to hefty deferred tax gain recorded by oil refiner.
Pipeline operators are finding ways of sending more Canadian oil to US refiners, despite the fact that no major new pipelines are coming online, and any proposals tend to be held up by regulatory delays and litigation.
Shell Offshore has made a final investment decision for the PowerNap deepwater project in the US Gulf of Mexico.
The US Department of Energy has approved exports from Kinder Morgan’s Gulf LNG project, which would be located in Jackson County, Mississippi.
The US is now the world’s third-largest LNG exporter but the US-China trade war still threatens further expansion