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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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Exxon to sell $1bn in Permian to Hilcorp, says report
ExxonMobil Corp will sell conventional oil drilling assets in the Permian Basin to Hilcorp Energy for about $1bn
EOG has blockbuster third quarter, will expand in Utica
EOG Resources has third quarter revenue of $5.96bn, a blockbuster albeit down around 4% from its $6.2bn high in Q3 of 2023. Its profits dropped by 17.5% to $1.67bn but they beat estimates.
US LNG industry braces for uncertainty in months ahead of Trump’s inauguration
President-elect Donald Trump’s vow to end the pause on LNG export approvals as a day one priority could prove to be a difficult promise to keep.
Trafigura inks 13-year gas offtake deal with NuVista
NuVista Energy, which produces natural gas from the Alberta’s Montney formation, will provide commodities trading company Trafigura with 21,000mn British thermal units per day of gas.
Alberta seeks to increase influence with Trump administration
Alberta wants to raise its profile and its clout with the incoming administration of President-elect Donald Trump.
Fostering relationships with clients and close attention to each project are key to success, says Canadian engineering firm at ADIPEC
Fostering personal relationships with clients and paying close individual attention to every project is the recipe for success, Jim Hanson, managing director for technical sales at Canadian firm Propak System, told Newsbase at ADIPEC.
AI takes centre stage at ADIPEC
The conference, where almost 200,000 participants gathered, featured a series of sessions dedicated to the technology, as well as a special AI zone, where various AI-related energy solutions and initiatives were presented.
NorthAmOil: Biden administration asks court to block request to lift LNG exports pause
Biden administration asks court to block request to lift LNG exports pause
The Biden administration has requested a US Court of Appeals to throw out an order for the US Department of Energy to remove its pause of issuing export approvals for new LNG projects.
Permian production buoys ExxonMobil, Chevron Q3 results
Oil and gas production from the booming Permian Basin has buoyed the third-quarter results of the US’s two largest oil companies, ExxonMobil and Chevron.
US LNG exports projected to experience smallest annual rise
US LNG exports are expected to see their smallest annual rise since the country began exporting the super-chilled fuel in 2016.
US oil imports from Canada reach high
US crude imports from Canada hit a new high of 4.3mn barrels per day in July 2024, thanks to expanded capacity from Canada’s Trans Mountain expanded pipeline.
ConocoPhillips looks to shed non-core assets, says report
According to a report, ConocoPhillips is considering selling some of its Permian Basin shale assets for more than $1bn.
A second deepwater Texas oil export terminal gets EPA approval
Gulflink, a proposed and controversial deepwater export terminal in Texas, has been approved by the Biden administration’s Environmental Protection Agency.
Trump wins the election but US oil supply unlikely to rise, says analyst
Ex-president Donald Trump may have won the US election, but the country’s oil supply is unlikely to increase. This is according to Anne-Sophie Corbeau, BP’s former head of gas analysis in an interview on the eve of the vote.
Coterra and Vitol sign 11-year LNG supply deal
Houston-based Coterra Energy has signed a long-term LNG supply deal with global energy and commodities trader Vitol.
Canada releases draft rules to cap greenhouse gas emissions from oil and gas
Canada’s federal government has unveiled draft regulations to cap greenhouse gas emissions from the country’s oil and gas sector. The sector must lower its emissions to 35% below 2019 levels by 2030, say the draft rules.
Glenfarne selects contractor Kiewit for Texas LNG project
New York-headquartered Glenfarne Group has chosen contractor Kiewit to build the company’s Texas LNG plant.
Energy industry must drive sustainable socio-economic growth: ADIPEC
The global energy industry must drive the next phase of sustainable socio-economic growth, UAE Industry Minister and CEO of the country’s national oil company ADNOC, Sultan Ahmed Al Jaber, said at the ADIPEC conference in Abu Dhabi on November 4.
US sanctions four Singapore-based LNG firms over alleged ties to Russia’s Novatek
The United States has imposed sanctions on four Singapore-based LNG shipping companies linked to Russian energy producer Novatek, targeting their role in circumventing sanctions on Russia's gas industry
OPEC output rises despite Iraqi cuts as unwinding is pushed back
has pushed back its planned easing of output cuts to the end of the year, just as production has risen despite Iraq’s compensatory efforts
US maintains sanctions pressure on Russian LNG
The US Treasury Department maintained pressure on the Russian liquefied natural gas (LNG) sector with a number of designations in the October 30 sanction update.
Global oil supply to see major glut next year: World Bank
Global commodity prices are on track to slump to a five-year low next year, with an oil glut emerging so large that it will largely negate the impact of the Israel-Palestine war escalating into a regional Middle Eastern conflict.
US elections could have impact on global LNG markets
The US election is in its final few days, and Vice President Kamala Harris and ex-President Donand Trump have been in a razor-edge race. The vote, for the US president and much of Congress, is on November 5.
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