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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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East European countries to prepare grids for US LNG
EIA sets out 2020 vision
The US Energy Information Administration has released its Annual Energy Outlook for 2020, outlining its expectations for how energy trends will play out over the next 30 years.
Death toll from Chesapeake well explosion rises to three
Local media in Texas have reported that a third person has died following an explosion at a well site operated by Chesapeake Energy near Deanville, in Burleson County.
Edge LNG to liquefy, ship gas from second Marcellus project
Edge LNG has been awarded a contract by a major Marcellus producer to capture and liquefy gas from its stranded wells in Pennsylvania’s Tioga County.
Standoff over Mainline plan continues
Some Canadian producers that remain opposed to Enbridge's plan to change how it allocates space on its Mainline system are asking for the proposal to be rejected.
Super-majors post disappointing fourth-quarter results
Chevron and ExxonMobil have posted their fourth-quarter results, with both companies reporting lower earnings compared to the same quarter a year ago.
Oil sands investment forecast to rise for first time since 2014
A Canadian industry group has projected that investment into Alberta’s oil sands will rise this year, for the first time since oil prices collapsed in 2014.
Coronavirus the focus of major oil policy decisions
North American oil and gas bankruptcies surge in 2019
The number of oil and gas company bankruptcies in the US and Canada rose 50% y/y in 2019 owing to the lower oil price, with the trend expected to continue this year.
Hess announces quarterly loss, 2020 budget
US independent Hess has announced a larger-than-expected loss for the fourth quarter of 2019 on lower prices for natural gas and natural gas liquids.
New Jersey unveils plan to cut natural gas use 80% by 2050
The State of New Jersey has unveiled a 30-year plan to eliminate man-made greenhouse gas emissions, which centres on major reductions in natural gas use by homes and businesses.
Plans emerge for new LNG proposal for Alaska
Plans to develop a new LNG facility in south-east Alaska, close to the border with Canada, have emerged over the past two weeks.
Contentious oil sands project decision looms for Ottawa
A pending decision on whether to approve Teck Resources’ Frontier oil sands project illustrates Ottawa’s challenge in balancing environmental targets with its commitment to Alberta’s energy industry.
Enbridge, Annova LNG strike gas supply deal
Houston-based Annova LNG announced last week that it had signed a 20-year natural gas supply deal with pipeline operator Enbridge for its proposed LNG export terminal in Texas.
Sinopec reportedly to review potential Cheniere deal
Reports have emerged that China’s Sinopec is planning to review the terms of a potential supply deal it is expected to strike with US LNG exporter Cheniere Energy once trade relations between the two countries improve.
Enterprise starts up new Permian gas-processing plant
Enterprise Products Partners announced this week that its Mentone cryogenic gas-processing plant in the prolific Permian Basin had been brought into service.
Evolution Well Services wins electric fracking contract
Texas-based Evolution Well Services announced this week that it had struck a two-year deal to provide electric hydraulic fracturing services to a “leading” unnamed shale producer.
McDermott files for bankruptcy protection
Engineering and construction firm McDermott International has filed for Chapter 11 bankruptcy protection after reaching an agreement with its creditors.
Services firms’ quarterly results illustrate industry woes
Leading oilfield services firms Schlumberger, Halliburton and Baker Hughes have all reported their quarterly and full-year results, which contain some positives, but nonetheless illustrate the difficulties the energy industry is facing.
M&NP pipeline’s owners pledge $152mn to cover mishaps
The consortium that owns the Maritimes & Northeast Pipeline has pledged $152mn to cover any leaks or other mishaps that may occur on the natural gas project.
Legal victory for Trans Mountain, but further battles remain
Canada’s top court has dismissed an attempt by British Columbia to regulate what can be transported on the Trans Mountain pipeline through the province’s territory.
Concerns voiced on viability of US-China deal’s energy trade targets
The US and China have signed a preliminary trade deal, amid concern that the energy purchase commitments set out in the agreement could be too ambitious.
Trump administration’s LNG-by-rail plans run into opposition
A proposal by the government of US President Donald Trump to allow transportation of LNG by rail is encountering opposition at the state level.
Texas regulators processing drilling permits in record time
Staff at the Railroad Commission of Texas – the agency that regulates oil and gas activity in the state – have set a historic record of taking just two days on average to process standard drilling permits in both 2018 and 2019.
EIA raises oil price forecast
The US Energy Information Administration has raised its 2020 forecasts for both Brent and West Texas Intermediate.
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