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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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Japan under pressure from US over investment in Alaska LNG pipeline
Japan’s participation in the $44bn initiative remains far from assured. Concerns persist within the energy sector over both the commercial feasibility and the long-term viability of the pipeline.
Strathcona to sell Montney assets while buying Hardisty rail terminal
Canada’s Strathcona Resources has agreed to sell its assets in the Montney shale play in three separate transactions worth a combined CAD2.84bn ($2.03bn), while buying the Hardisty rail terminal.
ConocoPhillips warns of risk of output cuts amid ongoing portfolio optimisation push
ConocoPhillips has warned that producers could scale back oil output if crude prices remain low.
Shell reportedly delays start-up of two additional Perdido wells
Shell has delayed the start-up of two out of three additional wells designed to boost production from its Perdido development in the deepwater US Gulf of Mexico.
Hess still targets Guyana’s Stabroek, block is central to contested Chevron acquisition
Hess Corp. directed most of its capital and exploratory expenditures to Guyana in Q1 2025, the company has announced, underscoring the South American nation's growing significance in the company's global portfolio.
Venture Global’s CP2 gets environmental approval, FID expected mid-year
US LNG giant Venture Global’s Calcasieu Pass 2 project has been given the go-ahead from federal regulators in a final environmental report for the megaproject.
Glencore finalises 20-year supply deal with Commonwealth LNG
Multinational commodity trader and mining firm Glencore has agreed to a 20-year offtake contract with Commonwealth LNG.
Aramco signs MoU with NextDecade and Sempra
State-run Saudi Aramco has agreed to a memorandum of understanding with US LNG producers Sempra and NextDecade.
Expansion of Cedar LNG appears likely amid strong demand for Canadian LNG
Canada’s Cedar LNG is experiencing strong interest from Asian buyers, with early-stage negotiations pointing to a possible expansion terminal being added to the project.
Japan’s Eneos pivots investment from hydrogen to LNG
Japanese energy company Eneos Holdings will shift investment from hydrogen to LNG and sustainable aviation fuel.
BLOG: Don't be afraid of the great gas glut
We are on the brink of a serious glut in global LNG supply – some will say. Global gas prices are indeed set to fall and the market loosen over the coming years, thanks mainly to the US and Qatar.
ExxonMobil, Marubeni sign offtake agreement for low-carbon ammonia
ExxonMobil and Japan’s Marubeni have signed a long-term offtake agreement for the supply of roughly 250,000 tonnes per year of low-carbon ammonia from ExxonMobil's planned facility in Texas.
US industry group reportedly calls for LNG exemption from Trump’s new rules for exports
A US energy industry group is reportedly asking the administration of US President Donald Trump to exempt LNG tankers from new rules that will require producers to transport an increasing percentage of their exports on US-built vessels.
Crescent Energy reportedly weighing asset sales
US oil and gas producer Crescent Energy is reported to be considering the disposal of some of its non-core assets.
ExxonMobil, Chevron report reduced profits, brace for market volatility
Supermajors ExxonMobil and Chevron both reported lower first-quarter profits compared with a year ago, while bracing for the impact of tariffs and low crude prices
Chevron's final chartered tanker returns oil cargo as Venezuela exports declined
A Chevron-chartered tanker carrying nearly 300,000 barrels of Venezuelan crude began offloading its cargo back to state oil company PDVSA at the Amuay Terminal on May 1.
Commonwealth LNG secures supply deal with Asian customer
US LNG developer Commonwealth LNG has signed a 20-year supply deal with an Asian customer.
LNG Canada prepares to produce first LNG in June
Canada’s flagship project has finished the cooldown process of the new plant, with all machinery tested, marking the completion of a critical step in bringing online the new plant in Kitimat, British Columbia.
Shell reportedly eyes BP takeover in $300bn tie-up
While Shell is on an upward trajectory, BP’s disappointing share performance has fuelled speculation that it could be targeted for takeover.
Woodfibre LNG seeks to expand workforce, requesting second floatel
Woodfibre LNG is gearing up to increase construction with a request to add a second floatel for employees sent to regulatory agencies.
BLOG: The EU’s glacial push to eliminate Russian LNG
The EU is continuing to grapple with the complex challenge of eliminating its remaining oil and gas imports from Russia, as the European Commission prepares to unveil a roadmap this week outlining how to achieve that goal, hopefully by 2027.
Liberals hang on to power in Canadian election
Canada’s Liberal Party has won the federal election with a minority mandate, in a result that marks a turnaround in fortunes from earlier this year.
SLB echoes headwinds warning after falling short of first-quarter expectations
Oilfield services firm SLB reported first-quarter earnings that fell short of analyst expectations and echoed its rivals in warning of headwinds.
APA reports positive results from Sockeye-2 flow test in Alaska
APA and its partners have announced the results of flow testing of the Sockeye-2 exploratory well on Alaska’s North Slope.
Woodside signs LNG supply deal with BP for new Louisiana LNG plant
Australia’s Woodside Energy has inked an LNG supply and purchase agreement with British supermajor BP for its freshly approved Louisiana LNG project.
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