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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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DoE’s long-awaited LNG study cautions against new permits
The US Department of Energy (DoE) released its study on the economic, environmental and national security implications of new LNG export permits on December 17, with the findings cautioning against a business-as-usual approach.
US oil majors mulling supplying power to data centres from gas-fired plants
ExxonMobil and Chevron are mulling supplying electricity directly to data centres, including those that operate power-hungry AI.
Canadian oilsands giants predict higher output in 2025
Despite Trump’s tariff threats, Canada's largest oil producers are forecasting higher production in 2025 based on solid demand for Canadian output. They aim to spend CAD13bn ($9.1bn).
Canada sets new emissions goal of 45-50% cut by 2035
Canada, the world’s fourth largest oil producer, plans to reduce emissions by 45-50% below 2005 levels by 2035, the environment ministry recently announced.
US will be world’s top crude producer in 2024 for seventh consecutive year, says EIA
The US is likely to be the world’s largest producer of crude this year for the seventh year in a row, says the Energy Information Administration.
DoE’s long-awaited LNG study cautions against new permits
The US Department of Energy released its study on the economic, environmental and national security implications of new LNG export permits on December 17, with the findings cautioning against a business-as-usual approach.
US Supreme Court declines to hear appeal over California’s aggressive vehicle emissions rules
The US Supreme Court has announced it will not hear an appeal from conservative states and fuel sellers that challenged California’s strict car emission rules.
FERC review holding up DOE’s approval of Commonwealth and CP2 projects in US
Two planned LNG projects in Louisiana are currently being held up by the Federal Energy Regulatory Commission, the Department of Energy said.
Offshore oil is "the new shale", says Kpler analyst
Offshore oil production “is the new shale,” set to drive future output gains, says Viktor Katona, head of oil analysis at global trade intelligence firm Kpler.
Venture Global’s Plaquemines facility begins producing LNG
Venture Global has begun producing LNG at its Plaquemines export terminal in Louisiana, the upstart LNG developer announced on December 14.
ExxonMobil seeks to safeguard right of first refusal for Guyana block in Hess Corp. sale to Chevron
ExxonMobil has reinforced its stance on preserving the right of first refusal in Hess Corp's Guyana oil assets, with top executives underlining the company's pivotal role in developing the country's offshore fields.
ExxonMobil seeks rapid oil expansion in Guyana, raising 2030 output target
ExxonMobil is looking to ramp up its expansion plans for its Guyana operations, targeting a production capacity of 1.7mn barrels per day of oil by 2030.
Gradient Geothermal wants to use old oil, gas wells for clean renewable energy
Abandoned US oil and gas wells could be used to heat homes if Gradient Geothermal’s feasibility study in rural Colorado is successful.
ExxonMobil, Chevron release capex and production plans
ExxonMobil, the western world’s largest oil company, on December 11 unveiled a plan to up its spending on oil production, while its smaller rival Chevron said the week before it would reduce its capex while also increasing production.
Canadian Natural Resources completes $6.5bn purchase of Chevron’s Alberta assets
Canadian Natural Resources has completed the acquisition of Chevron Canada's Alberta assets for $6.5bn in cash.
Biden proceeds on auction in Alaska wildlife refuge but limits size
The administration of Joe Biden has announced that rights to drill in the northwest Arctic National Wildlife Refuge in Alaska will be auctioned on January 9, on the eve of the pro-drilling president-elect Donald Trump taking office.
US oilfield service sector to continue consolidating in 2025, says Deloitte
America’s oilfield service sector is set to continue consolidating in 2025, says Deloitte's 2025 Oil and Gas Industry Outlook.
NorthAmOil: US-Canada trade war looming?
US-Canada trade war looming?
President-elect Donald Trump has said he will impose an across-the-board 25% tariff on all Canadian exports to the US. Oil will apparently be included. Canada is the largest exporter of oil to the US.
Energy Transfer okays $2.7bn gas pipeline from Permian Basin
Energy Transfer LP says it has reached a positive final investment decision for the construction of a $2.7bn intrastate gas pipeline connecting Permian Basin production to what it says are premier markets and trading hubs.
AI finds hundreds of orphaned wells in the US, say researchers
Chevron CEO warns of Russia-China takeover risk in Venezuela if forced to quit
Chevron Corp. has not discussed its Venezuela operations with President-elect Donald Trump's team, chief executive officer Michael Wirth said on December 6, highlighting uncertainty over the oil giant's future in the sanctions-hit country.
OPEC+ extends delay to easing restrictions
OPEC+ has further delayed its plan to ease oil production quotas
Fortis applies for environmental assessment for Tilbury Phase 2 LNG expansion project
Canadian natural gas utility Fortis BC has applied for an environmental assessment with British Columbia regulators for the Tilbury Phase 2 LNG expansion project.
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