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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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Trump’s newly elected cabinet promises to boost fossil fuels
The newly appointed heads of the US Energy and Interior Departments, along with the Environmental Protection Agency administrator, have as expected pledged to fulfil Trump’s ambition for "American energy dominance" and “Drill, baby drill."
Share of US natgas power production to fall to 39% in 2026
The US Energy Information Administration has said that it expects the share of US power generation from natural gas to fall from 43% in 2024 to 39% in 2026 as gas prices rise.
Colombia’s oil sector at a crossroads: challenges and opportunities in a changing market
The onset of 2025 has seen oil prices experience significant volatility, influenced by factors such as China's economic slowdown, increased output from non-OPEC+ nations, and new US sanctions on Russia's energy sector.
TotalEnergies expects financing from US in coming weeks for Mozambique LNG
French supermajor TotalEnergies believes financing from the US will come in the approaching weeks to move ahead with the $20bn Mozambique LNG project.
TotalEnergies pushes for Europe to secure long-term US LNG deal
French supermajor TotalEnergies is keen to assist with the sale of more US LNG to Europe, although the company’s CEO Patrick Pouyanne warned that it would be wise to do so via a long-term agreement.
Colombia's Ecopetrol faces potential $400mn penalty if it exits US fracking operations
Ecopetrol could face a penalty of between $300mn and $400mn if it moves forward with President Gustavo Petro’s call to exit its fracking operations in the US.
Polish chemical company Grupa Azoty signs deal for potential US gas supplies
Grupa Azoty, Poland's leading chemical company, has signed a letter of intent with American Gas Partners on potential gas supplies from the US.
Mexico's Pemex eyes Asia oil crude sales to dodge Trump tariffs, Mexico exports could be hit
Mexico's state oil company Pemex could avoid new – but delayed – US tariffs by redirecting crude exports to Asia, as US President Donald Trump's 25% levy on Mexican imports threatens its primary export market.
CPP reportedly weighing sale, IPO options for Encino
Canadian pension fund CPP Investments is reportedly weighing strategic options for what to do with Houston-based oil and gas producer Encino Acquisition Partners.
ONEOK, MPLX partner on Gulf Coast LPG export terminal
ONEOK and MPLX have agreed to build a new 400,000 barrel per day liquefied petroleum gas export terminal on the Texas Gulf Coast.
Canada, Mexico strike deals to delay Trump tariffs
Canada and Mexico both struck deals this week to push back the imposition of 25% tariffs on all goods being exported to the US by 30 days.
Refining performance weighs on US supermajors’ fourth-quarter results
ExxonMobil and Chevron both saw a drag on their earnings for the fourth quarter of 2024 from their refining operations.
Colombia's oil sector faces double blow as drilling slumps, Petro halts US venture
Colombia's energy sector confronted mounting challenges as drilling activity plunged and President Gustavo Petro ordered state-owned Ecopetrol to divest from its US fracking operations.
OPEC+ continues with production plan despite Trump’s demands
OPEC+ has decided to continue with its current oil production plans after a review meeting on February 2 despite calls from US President Donald Trump to lower crude prices.
Colombia's Petro orders Ecopetrol to scrap US deal with Oxy over environmental concerns
Colombian President Gustavo Petro has directed state-controlled Ecopetrol to abandon a joint venture with US-based Occidental Petroleum, citing environmental risks. The project, located in the Permian Basin, was expected to yield approximately 90,000
US LNG exports stay near record high in January
US exports of LNG were near a record high in January, with the world’s largest exporter of the super-chilled fuel shipping 8.46mn tonnes.
Colombia's Ecopetrol extends US fracking partnership with Oxy amid production challenges
Ecopetrol has secured an agreement with Occidental Petroleum (Oxy) to extend its fracking operations in the US Permian Basin until June 2026.
Japan may consider Alaska LNG investment for sake of good US relations
Japanese Prime Minister Shigeru Ishiba is expected to meet US President Donald Trump this week in Washington for the purpose of reaffirming political and trade relations. One item on the agenda may be Japanese investment in the Alaska LNG project.
FERC: Venture Global near to completing repairs to Calcasieu Pass facility
Venture Global could complete repairs to equipment connected to onsite power generation by the end of February, the Federal Energy Regulatory Commission said in a regulatory filing.
Venture Global granted permission to introduce natural gas to Plaquemines’ seventh block
Venture Global has received approval from federal regulators to commence the introduction of natural gas into the Plaquemines plant’s seventh block.
Japan to benefit from more US LNG production, JERA says
Major LNG importer Japan stands set to benefit from improved energy security if US LNG production increases under Donald Trump’s presidency, Japan’s biggest LNG purchaser JERA says.
Mexico's Pemex eyes Asia crude sales to dodge Trump tariffs
Mexico's state oil company Pemex could avoid new US tariffs by redirecting crude exports to Asia, as US President Donald Trump's 25% levy on Mexican imports threatens its primary export market.
Iran calls for lifting oil sanctions amid US trade war with its crude suppliers
Iranian Economy Minister Abdolnaser Hemmati has urged the US to lift sanctions on Iran’s oil as Washington launches a new trade war against Canada, Mexico and China – one that now includes tariffs on crude imports from America’s two energy suppliers.
Hess fourth-quarter results beat expectations as Guyana business booms
Hess Corp surpassed market expectations in its fourth-quarter results, reporting a net profit of $542mn as production volumes soared in both the United States and Guyana.
Hess beats profit expectations for fourth quarter
Hess beat analyst expectations when it posted its results for the fourth quarter of 2024 this week.
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