NorthAmOil - North America Oil & Gas
Canada's Zelfiro starts plugging orphaned wells to tackle methane emissions
Canada’s Zefiro Methane has begun plugging orphaned oil and gas wells in Oklahoma under a new nationwide partnership with the US Well Done Foundation, as the environmental services company expands its methane-abatement business across the US.
EDF calls for more climate finance to tackle oil and gas methane
The IEA estimates that around 70% of methane emissions from fossil fuels, or almost 85mn tonnes per year, could be eliminated using existing technology.
US Gulf lease sale generates $82.7mn in high bids
The latest auction for oil and gas leases in the federal waters of the US Gulf of Mexico generated nearly $82.7mn in high bids this week.
Phillips 66, Kinder Morgan, HF Sinclair take FID on Western Gateway pipeline
Phillips 66, Kinder Morgan and HF Sinclair have made a final investment decision on the Western Gateway pipeline project.
Canada’s oil sands giants proceeding with caution despite oil price boost
Canada’s leading oil sands producers are still viewing future growth opportunities with caution.
Venezuela-US trade more than doubles to $9.5bn in first half
Trade between Venezuela and the United States more than doubled in the first half of 2026, reaching $9.529bn as oil flows drove a sharp expansion in bilateral commerce
UNDP sees Venezuela GDP expanding 6.5% in 2026 despite inflation
Venezuela’s economy is on track to expand about 6.5% this year, according to the United Nations Development Programme, as stronger oil output, recovering commerce and increased access to foreign currency support growth despite elevated inflation
US fuel imports expose Cuba’s widening energy divide
US fuel shipments to Cuba’s private sector are providing limited relief from an energy shortage while fuelling a costly resale market, as Havana moves to loosen state control over the industry
UK's PX to handle LNG terminal in Bahamas
UK-based PX Group has been appointed to operate and maintain the LNG import and regasification terminal under development at Clifton Pier in New Providence, the Bahamas.
US Delfin LNG dishes out survey contract to Texas's TDI-Brooks
Houston-based Delfin LNG has awarded Texas’s TDI-Brooks a contract for geophysical and geotechnical survey work for its Delfin Deepwater Port LNG export project offshore Louisiana.
Venezuela’s energy potential could draw $150bn, former PDVSA board member says
Toro Hardy said the easing of US sanctions is aimed at encouraging higher Venezuelan production and strengthening energy security as instability in other producing regions persists
Venezuela oil revenue fund faces scrutiny over lack of transparency, NGO says
Venezuela’s oil revenues are being channelled through a US-controlled fund with limited public disclosure over how much money it holds or how much has been transferred to the government in Caracas, according to Transparency Venezuela
US Treasury officials meet Venezuela’s Rodríguez as power outages threaten oil revival
US Treasury officials met with Venezuela’s interim President Delcy Rodríguez in Caracas as persistent electricity shortages complicate Washington’s push to revive the country’s oil industry
US oil firm Occidental eyes year-end launch of direct air capture CO2 project
US oil producer Occidental Petroleum is targeting the end of this year to begin full commissioning of its STRATOS direct air capture facility in Texas, with the project expected to transition into operations in 2027.
US disposes of two Venezuela-linked tankers in India scrap deal
Two oil tankers taken into US custody after Washington’s operation in Venezuela have been sold to a ship recycler and are headed for demolition in India, according to Lloyd’s List
EBID approves more than $510mn for West African infrastructure and finance projects
The ECOWAS Bank for Investment and Development (EBID) has approved five financing operations worth more than $510mn for transport, healthcare, renewable energy and financial-sector projects in Ghana, Guinea and Sierra Leone.
US overtakes Qatar as India’s largest LNG supplier amid Middle East disruptions
India has sharply diversified its liquefied natural gas (LNG) sourcing following supply disruptions linked to the Middle East crisis and tensions around the Strait of Hormuz, with the US emerging as the country’s largest supplier.
Trump administration pressures Florida oil donor to exit Venezuela
The Trump administration is moving to force Florida oil executive and Republican donor Harry Sargeant III to unwind his investments in Venezuela, freezing assets tied to his offshore company while allowing him to sell his interest
Venezuela crude output rises 11% from year earlier, PDVSA data show
Venezuela’s crude production climbed 11% from a year earlier to 1.221mn barrels per day (bpd) in July, although output fell 3% from June, according to figures from state oil company PDVSA
US rebuilds Strategic Petroleum Reserve through oil loans as SPR hits 43-year low
The International Energy Agency coordinated a release of 426mn barrels from its 32 member countries' emergency reserves — 301mn barrels of crude and 125mn of refined products — as the Iran war and the effective closure of the...
Excelerate Energy begins dredging work on Iraq’s first LNG import terminal
US LNG developer Excelerate Energy has begun dredging work on its floating storage and regasification unit for Iraq.
Gran Tierra sells Colombian, Ecuadorian oil assets to Maurel & Prom for $1.3bn including debt
Canadian oil and gas producer Gran Tierra Energy has agreed to sell its Colombian and Ecuadorean oil business to France's Maurel & Prom for $1.33bn, including debt, in a move that will end its presence in South America.
Follow us online