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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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Phillips 66 to increase Permian midstream business with $2.2bn EPIC NGL purchase
Phillips 66 has entered into a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own subsidiaries and long-haul natural gas liquids pipelines, fractionation facilities and distribution systems.
US gains most from "energy market redivision" in Europe, says Russian foreign ministry
The US has gained the most from the "redivision of the energy market” in Europe, Russian Foreign Ministry spokesperson Maria Zakharova told Russian media on January 2.
Biden administration sets rules for US hydrogen tax credits
The outgoing administration of US president Joe Biden has finally completed its much-anticipated plan to provide lucrative subsidies to companies producing hydrogen, aiming to boost a new sector that could aid in reducing climate change impacts.
US LNG exports climbed by 4.5% in 2024
US LNG exports for 2024 rose by a relatively flat 4.5% compared with 2023.
Faster oil, gas permitting expected under Trump
US energy leaders foresee quicker approvals for federal land drilling under President-elect Donald Trump, according to a new Federal Reserve Bank of Dallas survey.
New York adopts $75bn climate superfund bill aimed at oil, gas companies
Oil and gas companies may face billions of dollars in costs after New York Governor Kathy Hochul signed the Climate Change Superfund Act, a major win for environmental advocates who blame fossil fuels for climate change.
Large amount of untapped oil in the Bakken
Experts indicate that a large amount of untapped oil lies in the northwestern region of North Dakota’s Bakken Petroleum System.
Cheniere achieves first LNG at Corpus Christi Stage 3 project
Cheniere Energy, Inc’s Corpus Christi Stage 3 project has produced LNG for the first time.
Chevron agrees to 20-year LNG sales and purchase agreement with Energy Transfer
US firm Energy Transfer will supply LNG to supermajor Chevron in a long-term sales and purchase agreement.
Venture Global files to list on New York Stock Exchange
US LNG producer Venture Global has filed for an initial public offering, ending over a month of speculation.
Taiwanese semiconductor maker expresses interest in Canadian LNG
The Taiwan Semiconductor Manufacturing Company (TSMC) is looking to Canada for LNG as the world’s biggest producer of semiconductor chips experiences tremendous growth.
LatAmOil: Trump's return could threaten Venezuela oil sanctions thaw
Trump's return could threaten Venezuela oil sanctions thaw
US President-elect Donald Trump's return to the White House is set to reshape Washington's approach to Venezuelan oil policy, as analysts debate whether his administration will revive the "maximum pressure" campaign that marked his first term.
Argentine asset manager sentenced in Venezuelan corruption case tied to Maduro’s family
Fernando Vuteff, an Argentine financier, was sentenced to two and a half years in a US prison for his role in laundering funds embezzled from Venezuela’s state oil company, PDVSA
US judge orders reopening of Citgo auction data room to allow for fresh bids
A US judge overseeing the auction of Citgo shares has agreed to reopen the virtual data room to allow potential buyers to prepare new bids, following pressure from creditors
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.
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