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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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Offshore oil is "the new shale", says Kpler analyst
Offshore oil production “is the new shale,” set to drive future output gains, says Viktor Katona, head of oil analysis at global trade intelligence firm Kpler.
Venture Global’s Plaquemines facility begins producing LNG
Venture Global has begun producing LNG at its Plaquemines export terminal in Louisiana, the upstart LNG developer announced on December 14.
ExxonMobil seeks to safeguard right of first refusal for Guyana block in Hess Corp. sale to Chevron
ExxonMobil has reinforced its stance on preserving the right of first refusal in Hess Corp's Guyana oil assets, with top executives underlining the company's pivotal role in developing the country's offshore fields.
ExxonMobil seeks rapid oil expansion in Guyana, raising 2030 output target
ExxonMobil is looking to ramp up its expansion plans for its Guyana operations, targeting a production capacity of 1.7mn barrels per day of oil by 2030.
Gradient Geothermal wants to use old oil, gas wells for clean renewable energy
Abandoned US oil and gas wells could be used to heat homes if Gradient Geothermal’s feasibility study in rural Colorado is successful.
ExxonMobil, Chevron release capex and production plans
ExxonMobil, the western world’s largest oil company, on December 11 unveiled a plan to up its spending on oil production, while its smaller rival Chevron said the week before it would reduce its capex while also increasing production.
Canadian Natural Resources completes $6.5bn purchase of Chevron’s Alberta assets
Canadian Natural Resources has completed the acquisition of Chevron Canada's Alberta assets for $6.5bn in cash.
Biden proceeds on auction in Alaska wildlife refuge but limits size
The administration of Joe Biden has announced that rights to drill in the northwest Arctic National Wildlife Refuge in Alaska will be auctioned on January 9, on the eve of the pro-drilling president-elect Donald Trump taking office.
US oilfield service sector to continue consolidating in 2025, says Deloitte
America’s oilfield service sector is set to continue consolidating in 2025, says Deloitte's 2025 Oil and Gas Industry Outlook.
NorthAmOil: US-Canada trade war looming?
US-Canada trade war looming?
President-elect Donald Trump has said he will impose an across-the-board 25% tariff on all Canadian exports to the US. Oil will apparently be included. Canada is the largest exporter of oil to the US.
Energy Transfer okays $2.7bn gas pipeline from Permian Basin
Energy Transfer LP says it has reached a positive final investment decision for the construction of a $2.7bn intrastate gas pipeline connecting Permian Basin production to what it says are premier markets and trading hubs.
AI finds hundreds of orphaned wells in the US, say researchers
Chevron CEO warns of Russia-China takeover risk in Venezuela if forced to quit
Chevron Corp. has not discussed its Venezuela operations with President-elect Donald Trump's team, chief executive officer Michael Wirth said on December 6, highlighting uncertainty over the oil giant's future in the sanctions-hit country.
OPEC+ extends delay to easing restrictions
OPEC+ has further delayed its plan to ease oil production quotas
Fortis applies for environmental assessment for Tilbury Phase 2 LNG expansion project
Canadian natural gas utility Fortis BC has applied for an environmental assessment with British Columbia regulators for the Tilbury Phase 2 LNG expansion project.
Court dismisses suits against Zachry Industrial over fire at Freeport LNG terminal
A US court has thrown out two lawsuits by Allianz Global Risks US Insurance Co. against Zachry Industrial and its joint venture partners, which sought damages of $1.3bn stemming from a fire and explosion at the Freeport LNG terminal in Texas.
Inflationary pressures reducing competitiveness of US LNG, analysts say
New US LNG projects face inflationary concerns as the rising costs of constructing and equipping new facilities is lowering their competitiveness in the global market.
Canada’s oil, gas drilling projected at 10-year high
The Canadian Association of Energy Contractors predicts that Western Canada will see a total of 6,604 oil and gas wells drilled in 2025, marking a 7.3% increase compared with 2024.
Permian’s strategic role expands amid global energy tensions
America’s top oil-producing region is becoming more important globally as geopolitical tensions continue.
US gas inventories enter the winter at highest level since 2016
Natural gas storage in the Lower 48 states concluded the 2024 injection season with an estimated 111.1bn cubic metres, according to data from the Energy Information Administration in a report published on December 2.
Crescent to bolt on Central Eagle Ford assets
Crescent Energy Company has announced that it agreed to purchase Eagle Ford assets from Ridgemar Energy for $905mn upfront plus a future oil price contingent amount of $170mn.
Wood Mac study: Increase of US LNG required to reduce Asia’s rising coal use
Asia’s emissions from power generation will soar from increased coal use in the coming decades unless a substantial amount of new LNG supply from the US enters the market, a new study by energy consultant Wood Mackenzie has revealed.
NorthAmOil: Wood Mac study: Increase of US LNG required to reduce Asia’s rising coal use
Natural gas demand for LNG in the US hits near record levels amid cooler weather
Demand for natural gas for LNG processing reached near record levels on November 29 as colder temperatures and fewer outages spurred increased intake of natural gas feedstock.
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