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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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Santos sanctions Pikka project in Alaska
Australia’s Santos announced this week that it had taken a final investment decision on Phase 1 of the Pikka oil project on Alaska’s North Slope.
Phillips 66 makes offer for DCP Midstream
Phillips 66 announced this week that it had made a non-binding offer to acquire all publicly owned common units of pipeline operator DCP Midstream.
NorthAmOil: Centrica, Delfin sign preliminary LNG supply deal
UK-based Centrica has signed a heads of agreement to buy 1mn tonnes per year of LNG from the US’ Delfin Midstream.
ExxonMobil considering global expansion in trading
ExxonMobil is reportedly considering expanding its trading operations globally amid elevated commodity prices.
Gulf hit by infrastructure outages
The US Gulf of Mexico is reported to have been hit by infrastructure outages. A leak at a booster station in Louisiana is reported to have led to operations on two oil pipelines being suspended.
Freeport LNG reported to have retracted force majeure
Privately owned Freeport LNG is reported to have retracted the force majeure it had declared after an explosion at the liquefaction and export facility in June.
ATB: Alberta achieves record oil production in first half of 2022
Alberta’s oil production hit a new record of 3.6mn barrels per day (bpd) on average in the first half of 2022, according to a new report from ATB Economics.
Centrica, Delfin sign preliminary LNG supply deal
UK-based Centrica has signed a heads of agreement (HoA) to buy 1mn tonnes per year (tpy) of LNG from the US’ Delfin Midstream.
Devon picks up Eagle Ford acreage as M&A returns
Fire could plunge Cuba into an energy crisis
Following a blaze that has destroyed at least 40% of the Matanzas Supertanker Base, Cuba stands to run low on power plant fuel. The consequences could lead the US to reconsider sanctions policy.
Panama Canal Authority reports LNG tanker transits down 30% in last nine months
The deputy administrator of the Panama Canal Authority (PCA) has said that the number of LNG tankers passing through the Panama Canal had dropped by nearly a third over the last nine months.
NorthAmOil: Freeport LNG to resume operations in October
A US regulator has given approval for Freeport LNG to partially resume operations following an explosion and a fire in June.
Strathcona to acquire Serafina in its largest deal yet
Privately owned Strathcona Resources is reportedly acquiring Serafina Energy for $1.8bn, which would represent its largest deal to date.
Services firms win GoM work
Oxy to share the wealth rather than hike output
Equinor continuing Flemish Pass exploration
McDermott, KBR sign ammonia licensing agreement
Freeport LNG to resume operations in October
OPEC members boost July output, agree small uptick
NorthAmOil: Keystone back online
Deal a double-edged sword for climate activists
EQT continuing talks with LNG players
US natural gas producer EQT is continuing talks with LNG players as it continues to explore opportunities in the space.
Keystone pipeline returns to normal service
The Keystone pipeline, which carries crude from Canada’s oil sands to the US, resumed normal service on July 23 following a nearly week-long reduction in capacity that had resulted from damage to a third-party electric substation.
Schlumberger beats second-quarter expectations
Oilfield services giant Schlumberger said last week that it had more than doubled its net profit for the second quarter of 2022.
Ottawa may give oil and gas industry more time to meet 2030 emissions targets
The Canadian government may consider giving the oil and gas industry more time to meet federal 2030 greenhouse gas emissions-cutting targets.
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