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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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Venture Global to begin commercial operations at Calcasieu Pass plant in April
US LNG producer Venture Global has notified its foundation customers that the firm’s Calcasieu Pass terminal in Louisiana has set a commercial operation date of April 15.
Trump approves energy council to boost US oil and gas production
President Donald Trump has signed an executive order forming the National Energy Dominance Council, which aims to expand US oil and natural gas production.
Trump okays Texas GulfLink Deepwater Port
The Trump administration has approved a deepwater port in Texas designed to handle daily oil exports of up to 1mn barrels, the Texas GulfLink Deepwater Port.
Trump gives green light to restart LNG export permit approvals
The US LNG exports sector received long-awaited good news with the approval on February 14 of the first LNG export permit granted by President Donald Trump since his return to the White House.
Maduro’s regime seeks US help to extradite opposition figures over alleged Citgo asset theft
Venezuela’s public ministry plans to formally request legal cooperation from the US to pursue corruption charges against several opposition figures, including the former National Assembly leader, Juan Guaidó.
US midstream and other oil, gas projects may get pricier with Trump’s latest tariffs
Oil and gas drilling equipment and pipelines are made of steel and aluminium. And with Trump's latest tariffs, building new transmission lines, which are necessary for rapidly growing gas-fuelled electricity, would get more expensive.
Colombia's Ecopetrol faces production cut as Petro pushes fracking exit
Colombia’s state-run oil company, Ecopetrol, could see daily output shrink by 90,000 barrels if it withdraws from its fracking operations in the US.
Taiwan considers Alaskan LNG to avoid US tariffs
Taiwan could become a buyer of LNG from Alaska in an effort to prevent the US from levying tariffs on the East Asian country.
ConocoPhillips plans production increase, $2bn in asset sales and $12.9bn capex
Oil major ConocoPhillips has said it aims to generate as much as $2bn through asset sales, a target largely expected to be met within the year. This follows its $22.5bn acquisition of Marathon Oil, which had been completed in November 2024.
US-China LNG trade and how tariffs might affect flow
The latest chapter in the storied history of US-China trade relations has opened with fresh tariffs from both sides. Most notably this includes a 15% tariff on US LNG that came into effect earlier in the week.
Trump’s newly elected cabinet promises to boost fossil fuels
The newly appointed heads of the US Energy and Interior Departments, along with the Environmental Protection Agency administrator, have as expected pledged to fulfil Trump’s ambition for "American energy dominance" and “Drill, baby drill."
Share of US natgas power production to fall to 39% in 2026
The US Energy Information Administration has said that it expects the share of US power generation from natural gas to fall from 43% in 2024 to 39% in 2026 as gas prices rise.
Colombia’s oil sector at a crossroads: challenges and opportunities in a changing market
The onset of 2025 has seen oil prices experience significant volatility, influenced by factors such as China's economic slowdown, increased output from non-OPEC+ nations, and new US sanctions on Russia's energy sector.
TotalEnergies expects financing from US in coming weeks for Mozambique LNG
French supermajor TotalEnergies believes financing from the US will come in the approaching weeks to move ahead with the $20bn Mozambique LNG project.
TotalEnergies pushes for Europe to secure long-term US LNG deal
French supermajor TotalEnergies is keen to assist with the sale of more US LNG to Europe, although the company’s CEO Patrick Pouyanne warned that it would be wise to do so via a long-term agreement.
Colombia's Ecopetrol faces potential $400mn penalty if it exits US fracking operations
Ecopetrol could face a penalty of between $300mn and $400mn if it moves forward with President Gustavo Petro’s call to exit its fracking operations in the US.
Polish chemical company Grupa Azoty signs deal for potential US gas supplies
Grupa Azoty, Poland's leading chemical company, has signed a letter of intent with American Gas Partners on potential gas supplies from the US.
Mexico's Pemex eyes Asia oil crude sales to dodge Trump tariffs, Mexico exports could be hit
Mexico's state oil company Pemex could avoid new – but delayed – US tariffs by redirecting crude exports to Asia, as US President Donald Trump's 25% levy on Mexican imports threatens its primary export market.
CPP reportedly weighing sale, IPO options for Encino
Canadian pension fund CPP Investments is reportedly weighing strategic options for what to do with Houston-based oil and gas producer Encino Acquisition Partners.
ONEOK, MPLX partner on Gulf Coast LPG export terminal
ONEOK and MPLX have agreed to build a new 400,000 barrel per day liquefied petroleum gas export terminal on the Texas Gulf Coast.
Canada, Mexico strike deals to delay Trump tariffs
Canada and Mexico both struck deals this week to push back the imposition of 25% tariffs on all goods being exported to the US by 30 days.
Refining performance weighs on US supermajors’ fourth-quarter results
ExxonMobil and Chevron both saw a drag on their earnings for the fourth quarter of 2024 from their refining operations.
Colombia's oil sector faces double blow as drilling slumps, Petro halts US venture
Colombia's energy sector confronted mounting challenges as drilling activity plunged and President Gustavo Petro ordered state-owned Ecopetrol to divest from its US fracking operations.
OPEC+ continues with production plan despite Trump’s demands
OPEC+ has decided to continue with its current oil production plans after a review meeting on February 2 despite calls from US President Donald Trump to lower crude prices.
Colombia's Petro orders Ecopetrol to scrap US deal with Oxy over environmental concerns
Colombian President Gustavo Petro has directed state-controlled Ecopetrol to abandon a joint venture with US-based Occidental Petroleum, citing environmental risks. The project, located in the Permian Basin, was expected to yield approximately 90,000
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