NorthAmOil - North America Oil & Gas

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Oil & Gas

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Overview

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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LNG buyers reportedly set to cancel 40-45 August cargoes from US

25 June 2020

Buyers of LNG are reportedly expected to cancel 40-45 cargoes scheduled for loading at US terminals in August.

Tellurian tries to push Driftwood LNG forward after delay

25 June 2020

Tellurian announced this week that Charif Souki had been appointed executive chairman, having been its non-executive chairman since he co-founded the company in 2016. The move has been made in a bid to push forward the proposed Driftwood LNG project.

Coastal GasLink awards contract to Aecon

25 June 2020

Aecon has been selected by Coastal GasLink Pipeline to be the prime contractor for construction of compressor and meter stations. The announcement comes as Coastal GasLink is preparing to launch its summer construction programme.

Ranch Energy collapse leaves over 400 orphan wells

25 June 2020

The collapse of an Alberta-based producer, Ranch Energy, has resulted in 401 wells and three other facilities in British Columbia being designated as orphan sites.

US oil producers cautiously restoring curtailed output

25 June 2020

Oil prices have been relatively stable in recent weeks, making certain US producers feel confident enough to start restoring some of the crude output they have curtailed since March.

Canadian takeaway capacity constrains ease up

24 June 2020

Having previously struggled with an oil takeaway capacity crunch, Canada is seeing shipments via both pipeline and rail reduced as a result of the downturn.

NRG: Cautious steps forward

23 June 2020

Welcome to the seventh edition of NewsBase’s Roundup Global (NRG), in which our team of international editors provide you with a snapshot of some of the key issues affecting their regional beats.

US LNG producers seek customers as exports fall

18 June 2020

US LNG producers are trying to attract new buyers as cancellations of some contracted cargoes kick in.

Report highlights wasted gas from Permian flaring

18 June 2020

A report by the Institute for Energy Economics and Financial Analysis (IEEFA) has found that producers in the Permian Basin wasted a record $749.9mn worth of natural gas through flaring and venting in 2018.

Venture Global takes steps forward on second plant

18 June 2020

US-based Venture Global LNG has been authorised by regulators to proceed with limited site preparation for its Plaquemines LNG project in Louisiana.

Ovintiv to cut jobs across North America

18 June 2020

Ovintiv – formerly known as Encana – has said that it is laying off workers in both the US and Canada as it reduces drilling activity in response to the oil market downturn.

Enbridge receives favourable court rulings for Line 5 upgrade

18 June 2020

Calgary-based pipeline operator Enbridge has received two favourable court rulings related to plans for its Line 5 project – which connects Superior, Wisconsin with Sarnia, Ontario – since the start of this month.

ExxonMobil delays Beaumont refinery expansion start-up

17 June 2020

Super-major ExxonMobil is reportedly delaying the start-up of an expansion at its Beaumont refinery on the Texas Gulf Coast by a year owing to depressed demand as a result of the COVID-19 pandemic.

Pandemic undermines green initiatives in oil sands

17 June 2020

Leading Canadian oil sands companies have delayed around $1.3bn in green initiatives as they seek to cut costs during the market downturn.

Supreme Court ruling a breakthrough for pipelines

17 June 2020

A Supreme Court ruling has been hailed as a breakthrough for the Atlantic Coast pipeline, and also bodes well for the stalled Mountain Valley project.

Canada’s Inuvialuit unveil LNG plan

11 June 2020

A corporation representing the Inuvialuit – an indigenous group in Canada’s western Arctic region – has unveiled a plan to begin producing LNG in a bid to boost the region’s energy security.

ConocoPhillips considering ending production curtailments

11 June 2020

US-based ConocoPhillips, the country's largest independent producer, is considering ending its output curtailments and gradually ramping up activity on strengthening oil prices.

Chesapeake reportedly close to filing for bankruptcy

11 June 2020

Chesapeake Energy was reported to be preparing a potential filing for Chapter 11 bankruptcy protection this week as it runs out of options for staying afloat and an interest payment deadline looms.

US government buys 126,000 barrels of crude for SPR

11 June 2020

The US Department of Energy said this week that it had bought 126,000 barrels of crude for the Strategic Petroleum Reserve.

Gulf producers resume activity after storm

11 June 2020

Production was resuming this week in the US Gulf of Mexico after Tropical Storm Cristobal passed through the region, briefly disrupting oil and gas operations and making landfall in Louisiana on June 7.

US-Canada energy trade strong over past decade

11 June 2020

A recent report from the US Energy Information Administration has shown how strong energy trade between the US and Canada has been in recent years.

LNG cargo arrives in US, another reportedly en route

10 June 2020

An LNG tanker arrived at Dominion Energy’s Cove Point LNG terminal in Maryland from Trinidad on June 6. Another tanker is expected to arrive at Kinder Morgan’s Elba Island LNG facility from Nigeria on June 11.

Enbridge to pivot towards gas, renewables

10 June 2020

North American pipeline operator Enbridge has said it will gradually shift its asset mix towards natural gas and renewables in order to reflect the energy transition.

Edited by

Anna Kachkova

Editor

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