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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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ExxonMobil has filed a lawsuit in federal court in Texas court to try to stop activist investors from bringing a climate proposal to a vote at its annual shareholder meeting on May 29.
The most recent quarter saw a record $144bn in US upstream mergers and acquisitions (M&As), said Enverus Intelligence Research (EIR) in a new report
Oilfield services giant Schlumberger beat profit estimates for its fourth quarter 2023 growth with strong global demand.
Venture Global’s Calcasieu Pass 2 (CP2) facility could face an approval delay from the Biden administration, according to a report from The New York Times on January 24.
Trans Mountain Corp. will begin line fill in February the long-delayed pipeline from Alberta to the West Coast of British Columbia.
Chevron Canada Ltd. says it will market its entire 70% operational interest in the Duvernay shale and tight play in Alberta.
Petrol station owner Sunoco LP will acquire midstream company NuStar Energy LP in an all-equity transaction valued at approximately $7.3bn.
US President Joe Biden has been urged by a group of natural gas producers and pipeline companies to reconsider against any action to pause US LNG export approvals.
The Trans Mountain pipeline expansion has gained a key approval from the Canada Energy Regulator.
The US Treasury Department announced on January 16 the extension of temporary protection for Citgo Petroleum, shielding it from creditors until mid-April.
Houston-based Talos Energy will buy QuarterNorth Energy for $1.29bn cash and stock
America’s Arctic freeze has shut in crude output in North Dakota, pushed refineries offline on the Gulf Coast and reduced LNG feedgas.
In a ground-breaking move, the Biden administration has proposed fees for oil and gas companies to address excessive methane emissions.
Calgary-headquartered Tourmaline has reached a long-term LNG deal with commodity trading firm Trafigura, the two companies revealed on January 16.
LNG exports from the US to Asia are facing longer journeys because of limited shipping through the drought-stricken Panama Canal and Houthi attacks on cargo ships in the Red Sea.
LNG developer Mexico Pacific agreed with US oil major ExxonMobil to an additional long-term sales and purchase agreement on January 16 for a further 1.2mn tonnes per year of LNG from its Saguaro Energia project.
The Biden administration is reviewing the climate criteria for approval of new or expanded LNG export facilities, according to reports.
Chesapeake Energy will buy Southwestern Energy in an all-stock transaction worth $7.4bn, making Chesapeake the largest US natural gas producer overtaking EQT Corp.