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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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Chevron, Talos to more than double their Texas carbon capture project

9 March 2023

Chevron, Talos Energy and Carbonvert have more than doubled the size of their carbon capture, utilisation and sequestration (CCUS) project in Texas.

Gulfport Energy expects 2-6% net production increase in 2023

9 March 2023

Gulfport Energy expects a 2-6% net production increase in 2023 compared with 2022. That would amount to an increase of 1,000mn cubic feet (28,317 cubic metres) per day to 1,040 mmcf (39,644 cubic metres) per day, the company said.

Mexico increases imports of US-produced MTBE in 2022

9 March 2023

Mexico increased the amount of MTBE imported from US producers last year, thereby increasing its reliance on its northern neighbour for octane enhancement programmes.

Chesapeake signs 15-year LNG supply deal with Gunvor

7 March 2023

Oklahoma-headquartered shale gas producer Chesapeake Energy Corp. announced on March 6 that it has reached a 15-year LNG supply agreement with Swiss commodity trader Gunvor Group.

Venezuela’s use of imported US naphtha rising as shipments of Iranian condensate decline

7 March 2023

Venezuela has become increasingly dependent on naphtha imported from the US as a diluent for heavy crude oil as condensate shipments from have declined.

Global energy sector emissions reach new high in 2022

5 March 2023

Global energy-related CO2 emissions reached a new record in 2022 of 36.8bn tonnes, inching up 0.9% from the previous year’s level, the International Energy Agency reported last week.

Low US gas prices upend acquisitions, drillers scale back rigs

3 March 2023

The US may have seen a sudden uptick in natural gas prices since the third week of February, when Henry Hub gas prices had plummeted around 78% since August of 2022.

Canada’s Baytex targets higher output, acquires Ranger

3 March 2023

Calgary-based Baytex Energy is planning to produce 87,500 barrels of oil equivalent per day (boepd) on average in 2023. This would represent a 5% increase over the previous year’s figure.

Occidental increases spending budget, delays CO2 capture project

2 March 2023

Occidental Petroleum will hike its capital spending in 2023, from $4.5bn in 2022 to $6.2bn, including on its Direct Air Capture (DAC) project.

MEG likely to exceed 2023 production targets

2 March 2023

MEG Energy will likely exceed its 2023 annual average production target on the back of a strong performance and high efficiency levels, the company’s chief operating officer, Darlene Gates, has said.

Denbury announces new CCUS agreements

2 March 2023

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

2 March 2023

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

1 March 2023

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

1 March 2023

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

1 March 2023

Subsidiaries of Cheniere Energy are to expand liquefied natural gas (LNG) exports from the Sabine Pass Liquefaction (SPL) project in Cameron Parish, Louisiana.

Canada’s federal, oilpatch tension still hindering progress on emissions and carbon capture

23 February 2023

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

23 February 2023

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.

Shell starts up Vito in US Gulf of Mexico

23 February 2023

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

23 February 2023

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.

Edited by

Anna Kachkova


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