NorthAmOil - North America Oil & Gas

Court forces shutdown of Dakota Access Pipeline

Dallas-based Energy Transfer is facing new legal challenges, as a US federal court has ordered it to empty the Dakota Access Pipeline (DAPL) and suspend crude oil flows pending the completion of an environmental review.

Enbridge resumes shipments through western leg of Line 5

Enbridge has brought the western leg of Line 5, the twin pipeline that pumps crude oil and natural gas liquids (NGLs) from western Canada to Ontario via the Great Lakes, back on stream.

EIA sees US gas demand and consumption dropping in 2020-2021

The US Energy Information Administration (EIA) has said it expects domestic production of and demand for natural gas to decline in 2020 and 2021.

ExxonMobil reports another quarterly loss

ExxonMobil is on track to post two consecutive quarterly losses for the first time in its history.

US Secretary of Energy approves Jordan Cove LNG exports

US Secretary of Energy approves Jordan Cove LNG exports

What next for US-Mexico energy relations?

As a new free trade agreement takes effect in North America, some industry observers remain concerned about Mexico’s willingness to remove obstacles to US investors.

Noia urges Canadian government to support offshore operators

The Newfoundland & Labrador Oil & Gas Industries Association (Noia) has called on the Canadian government to provide more support to developers of offshore hydrocarbon fields.

NRG: Bracing for the second wave

Dominion Energy, Duke Energy cancel Atlantic Coast Pipeline

Dominion Energy and Duke Energy have opted not to move forward with the construction of the Atlantic Coast Pipeline (ACP) along a 970-km route through West Virginia, Virginia and North Carolina.

COVID-19 weighs on LNG exports as demand remains depressed

COVID-19 continues to depress demand for LNG and batter exports, though some positive signs have emerged amid a generally bearish outlook for the coming months.

Pricing agencies launch new US crude benchmarks

Two leading oil price reporting agencies – Argus Media and S&P Global Platts – announced last week that they were launching new oil benchmarks on June 26 to reflect the price of US Gulf Coast-traded crude on tankers.

Surprising surge seen in LOOP oil exports

Exports from the Louisiana Offshore Oil Port (LOOP) are reaching record highs, which may be seen as surprising given that overall US crude exports have fallen.

District of Columbia files latest climate change lawsuit against oil companies

District of Columbia Attorney General Karl Racine has filed a lawsuit against ExxonMobil, Chevron, BP and Royal Dutch Shell, accusing the companies of misleading consumers about the role their products play in causing climate change.

Alberta extends investigation into foreign funding of oil opponents

The government of Alberta has extended an investigation into whether foreign money is being used to fund anti-oil protests in the province.

Court allows Enbridge to reopen portion of Line 5

Canada’s Enbridge has been given permission by a judge in Ingham County, Michigan, to reopen part of the damaged Line 5 in the Straits of Mackinac.

Alaska approves part of BP asset sale to Hilcorp

Officials in Alaska have approved part of the sale of BP’s portfolio in the state to privately owned Hilcorp Energy.

Canadian producers' struggle for survival

As high-profile bankruptcies are being reported in the US, Canadian companies are also struggling to stay afloat.

Bankruptcies highlight turnaround in shale fortunes

Chesapeake Energy’s much-anticipated bankruptcy filing has been announced, with two more shale drillers also filing for bankruptcy protection.

NRG: Trying to adapt

World oil markets have found some support over the last week, but companies are still adjusting to the new price environment.

Talos announces acquisition, borrowing base redetermination

Talos Energy has made a bolt-on acquisition of 16 assets from affiliates of Castex Energy 2005 for $65mn, and also said its borrowing base had been reduced to $985mn following its semi-annual redetermination process.

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

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

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

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

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

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.