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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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Canadian Whitecap and Veren to merge in $10.4bn deal
Whitecap Resources and Veren have reached a definitive agreement to merge in an all-stock transaction valued at CAD15bn ($10.4bn), including debt, to create the largest light oil-focused producer in Canada.
Trump administration seeks to halt SPR sales, build Alaska pipeline to boost LNG exports
The Trump administration plans to work with the US Congress to halt mandated sales from the Strategic Petroleum Reserve to address its low stockpile, US Energy Secretary Chris Wright said on 10 March at the CERAWeek oil and gas conference.
Mexico solves oil salt content issues, claims president
US oil exports to India rise to two-year high
The United States recorded its highest crude oil exports to India in over two years during February, as Indian refiners sought alternative suppliers following fresh sanctions imposed by Washington on Russia’s oil trade.
GECF bullish on natural gas as "integral" to energy mix for decades to come
“We are convinced now more than ever that natural gas is not just a bridge to the future. It is an integral part of the future,” GECF Secretary General Mohamed Hamel said.
Venture Global to invest $18 billion to expand Plaquemines LNG
US LNG producer Venture Global will increase the nameplate capacity of its Plaquemines LNG facility to 45mn tonnes per year.
US Venture Global suffers stock freefall after fourth-quarter revenue miss
US LNG producer Venture Global saw its stock tumble by 36% on March 6 after missing fourth-quarter revenue targets.
Golden Pass LNG receives US export extension
QatarEnergy and ExxonMobil’s joint venture Golden Pass LNG has been granted an extension for its permit for exports to begin.
Mexico has contingency plans if Trump uses gas as 'weapon' in talks: Energy Ministry
Mexico has prepared contingency plans to prevent blackouts should US President Donald Trump use Mexico's high dependence on American natural gas as a negotiating weapon
Paused US tariffs on Mexican oil and gas spark trade tensions
US President Donald Trump has granted Mexico a temporary exemption of a month on most goods from recently imposed tariffs.
Venezuela naval vessels enter disputed Guyana waters near ExxonMobil site, Maduro regime approaches Caricom
Venezuela's coast guard vessels allegedly entered Guyanese waters on March 1, approaching an ExxonMobil production vessel in the disputed offshore region, Guyana's President Irfaan Ali announced.
EOG Resources targets 6% growth in production for 2025
EOG Resources has announced plans for a 6% growth in production for 2025, despite holding capital spending steady at 2024 levels.
Energy Transfer's $300m lawsuit against Greenpeace begins trial
A landmark trial has begun over a $300mn lawsuit filed by Texas-based Energy Transfer against Greenpeace, accusing the environmental group of disrupting the Dakota Access Pipeline’s construction and defaming the company.
Congress votes to scrap Biden-era methane fee
The Republican-controlled US Congress has moved to repeal a fee targeting methane emissions from oil and gas producers.
New US tariffs on Canadian and Mexican oil disrupt markets
Canadian oil imports to the US now face a 10% tariff, imposed on March 4. The sudden policy shift highlights ongoing volatility in trade relations between the US and its closest partners.
South Korea expresses interest in Alaska LNG project
South Korea has become the latest Asian country to indicate interest in the US’s long-stalled Alaska LNG project.
Chevron's Venezuela licence caught in political dispute
The decision by US President Donald Trump to revoke Chevron’s oil licence in Venezuela has heightened tensions, as Washington takes a harder line on President Nicolás Maduro’s regime.
Texas refinery posts $118mn loss after Pemex acquisition
Deer Park refinery in Texas registered a $118m financial loss last year, marking its first negative results since Mexican state oil company Pemex acquired 100% ownership in 2022
Ukraine’s DTEK expected to sign LNG import deal by April
Ukraine’s biggest private energy firm DTEK is holding negotiations with a handful of suppliers over a two-year LNG import contract.
Trump’s chaotic Venezuela policy takes major twist with revocation of Chevron’s licence
US President Donald Trump has said he will rescind Chevron's licence to operate in Venezuela, a move that would upend previous concessions to Venezuela made under the Biden administration.
Canada tariffs to start on March 4, even as Trump backs a revived Keystone XL
President Donald Trump is proceeding with plans to impose 10% tariffs on Canadian oil imports on March 4 and revive the abandoned Keystone XL pipeline, both of which are moves that could reshape North American energy trade.
Trump axes Venezuela oil licences in blow to Chevron
US President Donald Trump has announced the revocation of licences granted by the Biden administration that allowed US oil companies to operate in Venezuela despite crippling sanctions on the country, a move that particularly affects Chevron.
Chevron restructures operations, announces layoffs amid Venezuelan drama and Hess uncertainty
As part of its broader efficiency drive, supermajor Chevron will cut 15% to 20% of its global workforce by year-end, a move revealed during a recent internal town hall meeting.
Trump rescinds Rice’s Whale restrictions in Gulf of Mexico
The pro-fossil fuel Trump administration has rescinded the controversial Rice's Whale restrictions placed on oil and gas operations in the Gulf of Mexico.
Shipping companies fight against biofuel regulations
Offshore Energy reported this week that numerous shipping companies had called on the International Maritime Organization to remove “unsustainable” biofuels from its list of alternative fuel sources.
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