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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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Well costs have peaked, says Diamondback

5 May 2023

Diamondback Energy missed profit forecasts because of lower oil prices, but a senior executive says that well prices seem to have peaked.

Biden administration could pause decision on EV biofuel programme

3 May 2023

The administration of US President Joe Biden may delay giving manufacturers of electric vehicles tradeable credits under the US Renewable Fuel Standard (RFS) programme.

JERA agrees to purchase LNG from Venture Global in 20-year deal

30 April 2023

Under the terms of the free on board deal, JERA will buy roughly 1mn tpy of LNG from the Venture Global-operated CP2 project to be located in Cameron Parish, Louisiana.

Rio Grande LNG to be financed soon, says NextDecade CEO

30 April 2023

NextDecade Corp. CEO Matthew Schatzman says that a positive final investment decision is likely to be made on the Rio Grande LNG facility soon after the Federal Energy Regulatory Commission’s order reaffirming its approval.

Alberta unveils 2050 climate plan

28 April 2023

Alberta has unveiled a greenhouse gas emissions plan, targeting net-zero by 2050. This is in line with Canada’s federal target also of net-zero by mid-century.

Schlumberger, Halliburton report strong demand for oilfield services

27 April 2023

Schlumberger (SLB) and Halliburton have both reported first-quarter revenue and profit that exceeded Wall Street consensus estimates.

Bear Head receives environmental OK for hydrogen, ammonia facility

27 April 2023

Bear Head Energy has gained an environmental approval to proceed with a production, storage and loading hub for green hydrogen and green ammonia at a formerly planned LNG export plant in Tupper Head, Nova Scotia.

Kinder Morgan delays in-service date of Permian Highway expansion

27 April 2023

Pipeline operator Kinder Morgan (KMI) has delayed the in-service date of its Permian Highway pipeline expansion from November 2023 to December 2023.

US Supreme Court rebuffs oil companies on climate suits

27 April 2023

The US Supreme Court has declined to hear five appeals by oil and gas companies to move lawsuits from state to federal courts.

Department of Energy tightens LNG export extensions

27 April 2023

The US Department of Energy has tightened its approval of applications by companies for projects for exporting LNG.

Glenfarne’s Texas LNG receives FERC approval

26 April 2023

Glenfarne Energy Transition obtained approval from the US Federal Energy Regulatory Commission (FERC) on April 24 for its planned 4mn tpy Texas LNG facility located in the port of Brownsville.

Delfin Floating LNG project on schedule for FID by mid-2023

26 April 2023

Delfin Midstream revealed on April 24 that its floating liquefied natural gas (FLNG) project offshore of Louisiana consisting of four vessels each boasting a nameplate capacity of 3.5mn tonnes per year is expected to take a FID by mid-2023.

Tellurian obtains FERC approval for Driftwood pipelines

26 April 2023

Houston-headquartered LNG developer Tellurian received Federal Energy Regulatory Commission (FERC) approval on April 21 for its Driftwood LNG Line 200 and Line 300 natural gas transmission pipeline project.

Biden administration dismisses Colombian president’s call for Venezuelan sanctions relief

26 April 2023

The US government has doubled down on its decision to keep economic sanctions against Venezuela in place, despite calls from several Latin American leaders to loosen trade restrictions.

BP starts oil production at Argos platform in the US Gulf of Mexico

21 April 2023

BP has finally started oil production at the deepwater Argos platform in the US Gulf of Mexico. Argos is the fifth platform operated by the London-based supermajor in the Gulf of Mexico, and its first new greenfield platform in the region since 2008.

Study: methane leaks from US oil and gas 70% higher than government estimates

21 April 2023

Methane leaks from the US oil and gas industry are 70% higher than officially estimated by the US Environmental Protection Agency (EPA), according to a new peer-reviewed study.

Imperial oil sands wastewater clean-up to be completed in May

21 April 2023

Imperial Oil has said that its clean-up of wastewater leaks at its Kearl oil sands project in Alberta will be complete by the end of May.

Newfoundland and Labrador launch offshore licensing rounds for 47 parcels

21 April 2023

The eastern Canadian province of Newfoundland and Labrador has issued a call for bids for licencing 47 parcels offshore for oil and gas exploration. Some are in the high-potential Flemish Pass.

Baker Hughes exceeds estimates for first quarter 2023

21 April 2023

Oilfield services company Baker Hughes beat profit estimates for the first quarter of 2023. The Houston-based company reported revenues of $5.7bn for the quarter, up 18% year on year, and orders of $7.6bn for the quarter, an increase of 12% y/y.

GHG emissions from Canada’s oil and gas up 4% in 2021

20 April 2023

Canada’s greenhouse gas emissions from the oil and gas sector rose by around 4% in 2021 compared with a year earlier, according to the official National Inventory Report.

US to end Congress-mandated sales from SPR

20 April 2023

The United States will end congressionally ordered sales of crude from the Strategic Petroleum Reserve (SPR) to try to refill the reserve.

Edited by

Anna Kachkova


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