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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 shale producers pull back as oil prices languish
US shale producers are talking about scaling back activity, and while this comes as a response to lower oil prices, there is broader speculation about shale peaking
Trump U-turns on $5bn offshore wind farm off New York in return for gas deal
The Trump administration has reversed its decision and is now allowing oil giant Equinor’s under-construction $5bn Empire Wind 1 project to proceed off New York.
Trump U-turns on $5bn offshore wind farm off New York in return for gas deal
The Trump administration has reversed its decision and is now allowing oil giant Equinor’s under-construction $5bn Empire Wind 1 project to proceed off New York.
TotalEnergies agrees to 20-year LNG purchase deal with Canada’s Ksi Lisims
Canada’s fledgling LNG sector has scored another win, with the proposed Ksi Lisims LNG project taking a key step forward after the announcement on May 19 of a 20-year offtake agreement with TotalEnergies.
DOE completes LNG study, signalling restart of non-FTA export permits
The US Department of Energy released its final study on the impact of additional LNG exports, ending the temporary pause on approval permits for new projects exporting to non-Free Trade Agreement countries.
Japan under pressure from US over investment in Alaska LNG pipeline
Japan’s participation in the $44bn initiative remains far from assured. Concerns persist within the energy sector over both the commercial feasibility and the long-term viability of the pipeline.
Strathcona to sell Montney assets while buying Hardisty rail terminal
Canada’s Strathcona Resources has agreed to sell its assets in the Montney shale play in three separate transactions worth a combined CAD2.84bn ($2.03bn), while buying the Hardisty rail terminal.
ConocoPhillips warns of risk of output cuts amid ongoing portfolio optimisation push
ConocoPhillips has warned that producers could scale back oil output if crude prices remain low.
Shell reportedly delays start-up of two additional Perdido wells
Shell has delayed the start-up of two out of three additional wells designed to boost production from its Perdido development in the deepwater US Gulf of Mexico.
Hess still targets Guyana’s Stabroek, block is central to contested Chevron acquisition
Hess Corp. directed most of its capital and exploratory expenditures to Guyana in Q1 2025, the company has announced, underscoring the South American nation's growing significance in the company's global portfolio.
Venture Global’s CP2 gets environmental approval, FID expected mid-year
US LNG giant Venture Global’s Calcasieu Pass 2 project has been given the go-ahead from federal regulators in a final environmental report for the megaproject.
Glencore finalises 20-year supply deal with Commonwealth LNG
Multinational commodity trader and mining firm Glencore has agreed to a 20-year offtake contract with Commonwealth LNG.
Aramco signs MoU with NextDecade and Sempra
State-run Saudi Aramco has agreed to a memorandum of understanding with US LNG producers Sempra and NextDecade.
Expansion of Cedar LNG appears likely amid strong demand for Canadian LNG
Canada’s Cedar LNG is experiencing strong interest from Asian buyers, with early-stage negotiations pointing to a possible expansion terminal being added to the project.
Japan’s Eneos pivots investment from hydrogen to LNG
Japanese energy company Eneos Holdings will shift investment from hydrogen to LNG and sustainable aviation fuel.
BLOG: Don't be afraid of the great gas glut
We are on the brink of a serious glut in global LNG supply – some will say. Global gas prices are indeed set to fall and the market loosen over the coming years, thanks mainly to the US and Qatar.
ExxonMobil, Marubeni sign offtake agreement for low-carbon ammonia
ExxonMobil and Japan’s Marubeni have signed a long-term offtake agreement for the supply of roughly 250,000 tonnes per year of low-carbon ammonia from ExxonMobil's planned facility in Texas.
US industry group reportedly calls for LNG exemption from Trump’s new rules for exports
A US energy industry group is reportedly asking the administration of US President Donald Trump to exempt LNG tankers from new rules that will require producers to transport an increasing percentage of their exports on US-built vessels.
Crescent Energy reportedly weighing asset sales
US oil and gas producer Crescent Energy is reported to be considering the disposal of some of its non-core assets.
ExxonMobil, Chevron report reduced profits, brace for market volatility
Supermajors ExxonMobil and Chevron both reported lower first-quarter profits compared with a year ago, while bracing for the impact of tariffs and low crude prices
Chevron's final chartered tanker returns oil cargo as Venezuela exports declined
A Chevron-chartered tanker carrying nearly 300,000 barrels of Venezuelan crude began offloading its cargo back to state oil company PDVSA at the Amuay Terminal on May 1.
Commonwealth LNG secures supply deal with Asian customer
US LNG developer Commonwealth LNG has signed a 20-year supply deal with an Asian customer.
LNG Canada prepares to produce first LNG in June
Canada’s flagship project has finished the cooldown process of the new plant, with all machinery tested, marking the completion of a critical step in bringing online the new plant in Kitimat, British Columbia.
Shell reportedly eyes BP takeover in $300bn tie-up
While Shell is on an upward trajectory, BP’s disappointing share performance has fuelled speculation that it could be targeted for takeover.
Woodfibre LNG seeks to expand workforce, requesting second floatel
Woodfibre LNG is gearing up to increase construction with a request to add a second floatel for employees sent to regulatory agencies.
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