NorthAmOil - North America Oil & Gas
Venezuela pauses US legal fight to protect Citgo and other key assets
At the core of the dispute is the question of legal representation, as both sides must determine who is authorised to speak for Venezuela in US courts
India boosts Venezuelan oil imports to six-year high amid supply shift
The volumes, the highest since February 2020, reflect a longer-term diversification effort rather than a short-term reaction to recent disruption
India replaces China as top buyer of Venezuelan crude under US oversight
The increase has been underpinned by higher imports of diluents used to process Venezuela’s heavy crude, with nine cargoes arriving in March compared with seven in February
OPEC+ sets symbolic quota rise as Hormuz closure bites
OPEC+ has agreed a modest increase in oil production quotas from May, a move that is more about signalling future intent than shifting near‑term supply
Taiwan secures LNG supply assurances from a ‘major’ country
Taiwan has received assurances over LNG supplies from a major producing country, according to the island’s economy minister, as concerns grow over the impact of the Iran war on energy imports from the Middle East.
Golden Pass targets mid-April to load first cargo
Feedgas flows to the giant LNG export terminal have soared ahead of first cargo loading.
Japan’s JERA annuls deal with Commonwealth LNG
Japan’s largest energy company JERA has terminated its long-term LNG sales and purchase agreement with US developer Commonwealth LNG.
Shell weighs expanded Venezuela gas push as talks advance
The London-based energy group is aiming to take a final investment decision on Dragon by the end of the year, while simultaneously assessing nearby zones linked to the Mariscal Sucre development
US appeals court backs Argentina in YPF case
An appeals court in New York has overturned a multibillion-dollar judgment against Argentina in a long-running dispute over the nationalisation of oil and gas company YPF
OFAC clarifies compliance rules for Venezuela energy and mining Operations
The clarification reinforces that limited activities remain permitted under specific licences, while detailing how non-US companies can operate without breaching restrictions
Sable restarts oil sales from Santa Ynez Unit platforms offshore California
Sable Offshore has restarted oil sales from the Santa Ynez Unit offshore California, while also ramping up production at the unit by bringing a second platform online.
Cheniere achieves substantial completion on Train 5 of Corpus Christi LNG Stage 3
Leading US LNG producer Cheniere Energy has achieved substantial completion on Train 5 of the Corpus Christi Liquefaction Stage 3 expansion project.
US gasoline prices rise above $4 per gallon
Average gasoline prices in the US rose above $4 per gallon ($1.06 per litre) this week.
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