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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 cut up to 15% of workforce
Canada’s Suncor Energy has unveiled plans to cut its staff numbers by up to 15% over the next 18 months.
NRG: Oil enters choppy waters
Total sees oil demand peaking in 2030
Ups and downs as OPEC+ levels broadly maintained
US prosecutors charge ex-Vitol employee in connection with Brazil’s Car Wash probe
US prosecutors have charged a former US employee of Vitol, a Swiss energy trading group, with bribery as part of Brazil’s long-running Lava Jato (“Car Wash”) corruption investigation.
Trump extends drilling bans off certain states
US President Donald Trump has extended the bans in place on drilling in waters off the coasts of North Carolina and Virginia from 2022 previously until 2032. It subsequently emerged that the bans would also cover new offshore wind development.
Pieridae signs Bechtel up to Goldboro LNG project
Canada’s Pieridae Energy has signed a services agreement with contractor Bechtel related to the proposed Goldboro LNG project in Nova Scotia, on Canada’s East Coast.
TC Energy offers indigenous groups chance to buy into Keystone XL
Canada’s TC Energy is giving indigenous groups the opportunity to buy into the Keystone XL pipeline.
Max Midstream buys Seahawk pipeline and terminal
Max Midstream has acquired the Seahawk pipeline and terminal at the Port of Calhoun in Point Comfort, Texas, and plans to use it to export up to 20mn barrels per month of oil from the Permian Basin and Eagle Ford shale.
Trump’s railway line approval raises prospect of new export route for Canadian oil
US President Donald Trump has granted a permit for a railway line between Alberta and Alaska, which could open up a new export route for the country’s oil but faces a challenging path forward.
Devon to merge with WPX in $2.6bn all-stock deal
Shale producer Devon Energy has struck a deal to merge with rival WPX Energy in an all-stock transaction worth $2.56bn.
Russian LNG potentially poised to take market share in Europe
US efforts to sell more LNG to Europe stand to be undermined by expanding production of the super-chilled fuel in Russia, which could be cheaper for European countries to import.
NRG: The blue-green future
Energy consumers and producers are evaluating how the arrival of hydrogen as a mainstream source of fuel will affect their environmental, political and financial goals.
BP shares tumble to 25-year low as investors doubt clean energy strategy
FTS files for bankruptcy protection
Hydraulic fracturing company FTS International, along with two affiliated units, has filed for Chapter 11 bankruptcy protection.
Cameron LNG begins restart operations as US LNG exports rebound
Sempra Energy, the operator of the Cameron LNG export terminal in Louisiana, said on September 18 that it had begun restart operations at the facility.
Alberta empties emissions reduction fund with new investments
The government of Alberta said this week that it was emptying its Technology Innovation and Emissions Reduction (TIER) fund by spending CAD750mn ($560mn) on projects that help industries reduce their carbon emissions.
Cryopeak, Sumitomo sign MoU on LNG bunkering
Canada-based Cryopeak LNG Solutions has signed a memorandum of understanding with Japan’s Sumitomo on the development of an LNG bunker fuel supply chain in the Pacific Northwest.
Massachusetts senators call for shutdown of Weymouth compressor station
The US Senators for Massachusetts called this week for Enbridge to halt operations at its Weymouth compressor station after it experienced an equipment failure earlier this month that resulted in a release of natural gas.
Canada’s Crystallex asks US court to set date for PDVH stock sale
Crystallex, a Canadian mining firm, has asked a judge in the US federal court system to set a date for the sale of shares in Citgo's parent company PdV Holding (PDVH), a US-based affiliate of Venezuela’s national oil company (NOC) PdVSA.
Shell renews interest in Alaska
Royal Dutch Shell has proposed exploring for oil and gas in state waters offshore Alaska, around five years after it abandoned its last attempt at exploration off the state’s coast.
EQT reportedly bids for Chevron’s Appalachia assets
Shale gas producer EQT has reportedly put in a bid for gas properties and a pipeline stake in the Appalachian Basin, both of which are being sold by Chevron.
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