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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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Canada’s oil, gas industry emitted 2.6mn tonnes of methane in 2021, says study
New peer-reviewed research released this week reveals that in 2021 Canada's oil and gas sector emitted 2.6mn tonnes of methane, accounting for more than 2% of the country’s total methane emissions.
CVR Energy and creditor group lead in $21bn Citgo auction
The hotly contested auction for Citgo Petroleum, Venezuela's prized US refining asset, has entered its final stages with two leading bids ranging between $8bn and $9bn, according to people familiar with the matter.
Cheniere signs 20-year LNG supply deal with Galp
US LNG producer Cheniere Energy has agreed to a 20-year LNG supply deal with Portugal’s Galp Energia.
Venture Global sues contractor Kiewit alleging disclosure of confidential documents
US LNG upstart Venture Global LNG is taking legal action against Kiewit, a construction contractor, alleging the company shared confidential information with Shell.
Citgo sale faces fresh hurdle as court official seeks extension
The contentious auction of Venezuela's prized US refining asset Citgo Petroleum has hit another snag, with the court-appointed overseer requesting additional time to scrutinise bids, potentially delaying the high-stakes sale by a month.
ExxonMobil and QatarEnergy delay Golden Pass LNG following contractor’s bankruptcy
Joint partners ExxonMobil and QatarEnergy are pushing back the start-up of the Golden Pass LNG facility until late 2025.
US LNG exports shift from Europe to Asia in July
US LNG exports are increasingly being bought up by Asian purchasers at the expense of European buyers data for July deliveries revealed.
Eco Atlantic agrees to sell 1% interest in 3B/4B Block offshore South Africa to Africa Oil
Oil, gas exports increasingly fuelling Canadian economy
In the last 20 years, energy has become Canada’s leading export sector, mainly because of higher oil production volumes, rising hydrocarbon exports, and still-robust global demand for fossil fuels.
BP gives go-ahead for sixth operated hub in US Gulf of Mexico
Oil major BP has taken a final investment decision on the offshore Kaskida project in the US Gulf of Mexico.
Golden Pass LNG to pick new contractor as Zachry Holdings exits project
Golden Pass LNG is searching for a new construction contractor after Zachry Holdings exited the project.
US upstream M&A sails on with $30bn in 2Q24 – Enverus
US upstream mergers and acquisitions have experienced heightened activity for three consecutive quarters, with transactions surpassing $30bn, according to a recent report by Enverus Intelligence Research.
Canada may delay Trans Mountain pipeline sale until after 2025 election
The Canadian government may delay the sale of the Trans Mountain oil pipeline until after the 2025 federal elections.
Freeport LNG resumes full operations
The US’s second-largest LNG export terminal Freeport LNG is back operating at full production.
Occidental to sell Delaware Basin assets to Permian Resources for $818mn
Occidental has agreed to sell Delaware Basin assets in Texas and New Mexico to Permian Resources for around $818mn.
Vital Energy to expand in Permian with $1.1bn bolt-on acquisition
Vital Energy and Northern Oil and Gas have agreed with private equity-backed Point Energy Partners to buy Point's Delaware Basin assets for $1.1bn cash.
US refills strategic oil stockpile to 2022 levels
The US’s Biden administration has refilled some of the Strategic Petroleum Reserve, which had been drawn down following the energy crisis and high crude prices following Russia’s invasion of Ukraine.
US presidential contender Kamala Harris reverses on fracking ban
Vice President Kamala Harris, the Democratic presidential nominee apparent, has reversed herself on her call for a fracking ban.
Helmerich & Payne to acquire KCA Deutag
Helmerich & Payne (H&P) is to acquire UK-based KCA Deutag International for $1.97bn in cash
US, UK called out on hypocrisy on climate pledges as they ramp up oil and gas exploration to record levels
The US and UK have been accused of hypocrisy as they blow through their carbon budget allowances and issue record amounts of oil and gas exploration licences, The Guardian reports, according to a new report from energy consultant Rystad and the IISD.
Kamala Harris more critical of oil, gas than Biden
Kamala Harris, the presumptive Democratic nominee for the White House, took little time before zeroing in on the oil industry.
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