NorthAmOil - North America Oil & Gas
US-Venezuela negotiations mired by internal divisions and uncertainty
Their differing views extended to Chevron’s oil licence renewal: Grenell suggested it might continue, but Rubio later confirmed its revocation effective May 27, after which both sides appeared to adopt a wait-and-see attitude
Venezuelan oil output hits 2025 high in June despite Chevron sanctions
Venezuela's oil production edged higher in the second quarter, defying the expiration of a key US licence that allowed Chevron to operate in the sanctioned country
LNG Alliance picks Chart Industries as contractor for Amigo LNG project in Mexico
LNG Alliance has named the contractor for its Amigo LNG project in Mexico, selecting Chart Industries to build the 7.8mn tonnes per year facility.
Taiwan’s CPC corp eyes US shale gas assets to bolster energy security
Taiwan’s state-run energy firm CPC Corp is reportedly in the early phases of exploring potential acquisitions of shale gas assets in the United States, aiming to enhance long-term natural gas security for the island.
Puerto Rico idles power plants as dispute leads New Fortress to withhold LNG cargo
US firm New Fortress Energy has decided to withhold an LNG cargo shipment to Puerto Rico amid a payment dispute causing the island to idle ten of its generators.
India boosts oil imports from US, Brazil as part of supply diversification
According to reports, imports of US crude surged by 51% year-on-year to 271,000 barrels per day between January and June, up from 180,000 bpd during the same period in 2024.
Heatwave drives up Asian spot LNG prices
Asian spot LNG prices have creeped higher amid a heatwave in South Korea and Japan.
SEFE secures further LNG supplies from Abu Dhabi, US
SEFE has bolstered its LNG supplies with new deals with ADNOC Gas and Venture Global
Canadian regulator gives approval for LNG port on Hudson Bay
The Canada Energy Regulator has granted authorization for the NeeStaNan organization to develop a port for LNG exports on Hudson Bay.
Brazil warns US over tariff threat
Brazil may impose reciprocal trade measures if US President Donald Trump’s plan to levy a 50% tariff on imports from Brazil takes effect, President Luiz Inácio Lula da Silva said.
Gold Reserve signals confidence in Citgo team as $7.4bn deal for Venezuelan asset awaits ruling
Gold Reserve Inc. expressed support for Citgo Petroleum Corp.’s current leadership as it awaits a federal court’s decision on its $7.4bn bid to acquire the refiner’s parent company
Bondholders move to derail Venezuela-owned Citgo sale over disputed collateral rights
A group of creditors holding defaulted Venezuelan bonds is moving to block a $7.4bn offer to acquire Citgo Petroleum Corp.’s parent company, arguing the deal would undermine their legal claims to pledged collateral
Canada’s launch of LNG exports predicted to raise Alberta gas prices significantly
With Canada not expected to fill demand from current projects for 4 to 7 years, prices are expected to stay high for the foreseeable future.
EIA scales back US crude production forecast
The US Energy Information Administration (EIA) has scaled back its US crude production forecast slightly from previous expectations.
Arbitrators reported to have reached decision in ExxonMobil, Hess dispute
The arbitrators in a legal dispute between ExxonMobil and Hess have reportedly reached a decision.
Carney signals openness to expediting new Canadian oil pipeline
Canadian Prime Minister Mark Carney has signalled his openness to including a new oil pipeline from Alberta to the country’s west coast in a list of projects whose approval could be expedited.
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