North America

Construction of Cuxtal Gas Pipeline to Boost Yucatan Economy

With his implementation of a comprehensive energy program for Yucatan, Mexican President Andres Manuel Lopez Obrador hopes to bolster the economic and social development of the state, along with the rest of southeast Mexico.

Canada Looks at All Options to Keep Line 5 Pipeline Operating

Canada will take whatever measures are needed to keep the Line 5 oil pipeline open, Natural Resources Minister Seamus O’Regan said, as the deadline for a shutdown order from the U.S. state of Michigan looms.

Duke Energy Begins Replacing Aging Gas Pipeline

Construction got underway on the 12-mile Central Corridor replacement pipeline designed to run though Hamilton County, Ohio, which is in the southeast corner of the state and contains the capital city of Cincinnati.

US LNG Exports: Uneven Pathway from Oilfields to Terminals

Analysts believe a second wave of global LNG demand is coming in the mid-part of this decade, despite 2020's severe downturn in global energy markets.

Canadian Natural Resources Beats Profit Estimates

Canadian Natural Resources Ltd, Canada's biggest oil producer, beat analysts' estimates for fourth-quarter profit and forecast much stronger cash flow this year, as crude prices staged a steady recovery from pandemic-driven lows.

CERAWEEK: Pipelines Needed for U.S. Natural Gas Export Demand Growth

Moving natural gas from the states where it is produced to places where it can be consumed or exported will become increasingly challenging, requiring infrastructure including pipelines.

U.S. Natural Gas Production Decreased by 1% in 2020

U.S. natural gas production — as measured by gross withdrawals — averaged 111.2 billion cubic feet per day (Bcf/d) in 2020, down 0.9 billion Bcf/d from 2019.

U.S. Climate Czar Urges Oil Industry to Hasten Transition to Renewables

U.S. climate envoy John Kerry on Tuesday urged oil and gas companies to do more to diversify and adopt low-carbon technologies to tackle climate change.

Cold Weather Leads to Near-Record Withdrawals from Underground Natural Gas Storage

Significant demand for natural gas in mid-February led to the second-largest reported withdrawal of natural gas from storage in the United States, according to the EIA's Weekly Natural Gas Storage Report.

Canada's Alberta Sees Budget Deficit Narrowing as Oil Prices Recover

The Canadian oil-producing province of Alberta estimated its 2021/22 budget deficit will shrink to C$18.2 billion ($14.5 billion), as its economy starts to recover from the damage caused by the coronavirus pandemic.

EIA: U.S. Crude Output Falls 10%, Refinery Runs Drop to 2008 Low

U.S. crude oil production dropped by more than 1 million barrels per day last week during Texas's deep freeze, equaling the largest weekly fall ever, and refining runs tumbled to levels not seen since 2008.

U.S. Trade Groups Urge Biden to Cap Natural Gas Prices After Texas Freeze

Trade groups representing U.S. public power and natural gas companies urged President Joe Biden to declare a gas emergency for last week's extreme weather and authorize the secretary of energy to cap the price of gas.

Canadian Trans Mountain Pipeline Seeks to Shield Insurers from Activist Pressure

Trans Mountain Corp, a firm that operates an oil pipeline owned by the Canadian government, has asked a regulator to keep the identities of its insurers private as activists push them to drop coverage.

An Alberta Petrochemical Complex is at the Heart of Brookfield's Inter Pipeline Bid

Inter Pipeline Ltd's ambitious petrochemical plant was meant to unlock new markets, instead it has left the Canadian company battling cost overruns and vulnerable to a hostile C$7.08 billion ($5.64 billion) takeover from Brookfield Infrastructure Partners.

Traders Supply Mexico With Emergency LNG After Power Crisis

Mexico's state-run power company resorted to LNG imports as natural gas supplies from the southern United States, especially neighboring Texas, were hit by frozen pipelines and rocketing prices caused by a cold snap.

U.S., Canada Move Past Keystone XL Toward Achieving Net Zero Emissions by 2050

U.S. President Joe Biden said that he and Canadian Prime Minister Justin Trudeau agreed to work toward achieving net zero emissions by 2050.

Historic U.S. Interior Pick Tests Senate Support for Biden on Climate

Deb Haaland, the first Native American ever picked for a U.S. cabinet post, was grilled by Republican Senators who want an Interior Secretary more welcoming of oil and gas drilling on federal lands.

Occidental Petroleum Posts Larger Quarterly Loss on Asset Sale

Occidental Petroleum Corp posted a larger-than-expected fourth-quarter loss despite higher oil and gas prices as an asset sale weighed on results.

U.S. Energy Regulator to Examine Climate Change's Threat to Power Reliability

FERC, which regulates the interstate transmission of electricity, oil and natural gas and approves fossil fuel projects such as pipelines, could play a big role in President Joe Biden's promise to make the power grid emissions-free by 2035.

Brookfield Launches Hostile Bid to Buy Canada's Inter Pipeline

Brookfield Infrastructure Partners said on Monday it formally launched its hostile bid to buy Inter Pipeline Ltd, weeks after the Canadian oil and gas transportation company rejected its unsolicited offer as inadequate.

Design and Engineering Starting for Oil Search’s Pikka Project in Alaska

Papua New Guinea-based Oil Search announced front-end engineering and design is beginning for phase 1 of its Pikka project on Alaska’s North Slope.

Oil Producers Eye Long Road to Recovery as Texas Thaws

Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd) of crude output that shut down because of cold weather, as frozen pipes and power supply interruptions slow their recovery, sources said.

Inter Pipeline Undecided on Strategic Options after Brookfield Offer

Canada's Inter Pipeline Ltd said no decisions have been made as it initiates a strategic review of its options, a week after rejecting an unsolicited bid from its largest shareholder, Brookfield Infrastructure Partners.

Venezuela Offers Natural Gas to Mexico, Experts Question Plan

Venezuela does not have a liquefaction plant to convert natural gas into LNG, which would be necessary to send the gas via sea to Mexico, industry experts said.

Texas Oil Refiners Will Take Weeks to Recover, Boosting U.S. Gas Prices

Texas oil refineries shut by cold-weather disruptions may take several weeks to resume normal operations, industry experts said on Friday, helping to push up fuel prices.

As Power Returns, Texas Energy Firms Slowly Emerge from Deep Freeze

Texas energy companies on Friday began preparing to resume oil and gas production after days of frozen shutdowns as electric power and water service slowly resumed at darkened oilfields and refineries.

Ford Shuts North American Plants due to Weather, Gas Supply Interruption

Freezing weather that interrupted gas supplies in the southern United States and Mexico was wreaking havoc on Thursday with car manufacturing plants, with Ford saying several of its assembly plants have been shut.

Texas Mandate to Bar Natural Gas Exports Likely Unenforceable

The Texas oil and gas regulator on Thursday alerted state natural gas producers of a directive to reserve their supplies for in-state electric generation even as one member questioned whether the directive could be enforced.

President Asks Mexicans to Ration Power as Texas Limits Fuel

Mexico's president asked consumers on Thursday to use less electricity in the evenings as a measure to help overcome shortages of natural gas from Texas, which is seeking to ban exports of the fuel during freezing weather.

Texas Oil Producers Still Shut; Governor Bans Natural Gas Exports

The Texas governor ordered a ban on natural gas exports from the state to try to speed the restoration of power, which could heavily impact Mexico.