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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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Incoming Devon CEO to reduce acquisition activity
Devon Energy, based in Oklahoma City, is shifting its focus from acquisitions to enhancing existing assets, according to incoming CEO Clay Gaspar.
Matador Resources reports record production, 2025 outlook
Matador Resources achieved record oil and gas production in the final quarter of 2024, surpassing 200,000 boepd for the first time in its history.
Global LNG demand to surge 60% by 2040 on Asian economic growth
Global demand for LNG is expected to rise by around 60% by 2040, driven by economic growth in Asia, emissions reductions in heavy industry and transport and the increasing energy requirements of AI.
Mexico's reliance on US gas to grow despite trade uncertainties, Fitch says
Mexico's reliance on American natural gas imports is set to deepen over the coming years as domestic production falters and demand surges, according to a recent assessment from Fitch Ratings.
Japan's Shizuoka Gas to acquire stake in US shale gas project
Japan-based Shizuoka Gas Co. Ltd. has signed a heads of agreement with TG Eagle Ford Resources LP, a subsidiary of Tokyo Gas America Ltd., to acquire a 25% interest in the eagle Ford play in Texas.
Venture Global gets permission to expand Plaquemines LNG facility
US LNG producer Venture Global has been given authorisation from federal regulators to expand export capacity at its Louisiana-based Plaquemines LNG facility.
INTERVIEW: Integrating AI with data and experience
AI is rapidly gaining traction in the oil, gas, and renewable energy sectors, as companies seek cost reductions, emissions control and safety improvements.
Cheniere eyes expansion of LNG exports
The US’s largest LNG exporter Cheniere Energy is targeting a major ramp-up of LNG exports amid the improved business climate for the sector under the new Presidency of Donald Trump.
Maduro courts Trump as oil and deportations shape US-Venezuela relations
Venezuela’s Nicolás Maduro has reached out to Donald Trump following their re-election, framing Trump’s presidency as an opportunity for a mutually beneficial relationship after years of hostility.
Trump interested in jointly developing Arctic oil and gas with Russia
The US and Russia are looking at joint energy projects in the Arctic, as part of the ceasefire negotiation in Riyadh, Russia’s sovereign wealth fund boss Kirill Dmitriev told Politico on February 19.
Brazil set to join OPEC+ but says it will opt out of cartel's output cuts
Brazil has approved joining OPEC+, marking the country's emergence as a major oil producer just months before it hosts the UN climate conference.
EU to consider investing in foreign LNG projects to combat high energy prices
The European Union is mulling making financial investments in foreign-based LNG facilities amid a push to secure more reliable suppliers of the super-chilled fuel and thereby lower energy prices.
A US state is seeking to re-label natural gas ‘green’, a possible Trump-era trend
Indiana has launched a move to categorise natgas as green, in order to access federal funding. And the gas sector is now watching to see if three of the top-five gas producing states – Texas, Louisiana and West Virginia – will follow.
Diamondback to buy Double Eagle subsidiaries in Permian deal worth $4.1bn
Diamondback Energy will acquire certain subsidiaries of Double Eagle IV Midco in a Permian Basin deal valued at around $4.08bn.
Woodside negotiating with potential partners for equity stake in Louisiana LNG
Australia’s Woodside Energy is in the midst of talks with a handful of potential purchasers of equity stakes in its Louisiana LNG project.
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.
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