NorthAmOil - North America Oil & Gas
Trump threatens tariffs as Canada signals recognition of Palestinian state
US President Donald Trump has threatened to impose a 35% tariff on Canadian imports as tensions rise over Canada’s plan to recognise Palestinian statehood
Five Point reportedly discussing sale in US of Northwind to MPLX for $2.3bn
Five Point Infrastructure is reportedly in talks to sell Northwind Midstream Partners to MPLX.
Baker Hughes to acquire Chart in $13.6bn deal
Oilfield services and technology company Baker Hughes has struck a deal to acquire Chart Industries in an all-cash transaction worth $13.6bn.
Chevron granted limited licence to operate in Venezuela
Venezuela’s state oil company PDVSA is preparing to relaunch operations with its joint venture partners under conditions reminiscent of the Biden-era oil-for-debt swap model, once President Donald Trump restores key operating authorisations.
Venture Global announces FID on CP2 LNG in US
Venture Global LNG continues its effort to grow its US LNG footprint with a final investment decision announced on the CP2 project this week.
Venezuela oil return weighs on prices amid demand concerns and supply growth
Oil prices declined to a three-week low, dragged down in part by expectations that Venezuela may soon boost exports following reports the US will allow Chevron to resume limited operations in the country
Foreign oil firms await US approval to resume Venezuela operations
Several foreign energy companies are still waiting for clearance from the US Treasury and State departments to resume operations in Venezuela, following discussions last week regarding the reissuance of key licences
Chevron’s Venezuela comeback seen as boost to dollar liquidity and private sector access
Venezuela’s main business chamber, Consecomercio, has endorsed Chevron’s renewed presence in the country’s oil industry, following the US company’s receipt of a new licence to operate
Chevron secures narrow US licence to restart Venezuela operations
The new authorisation, issued privately, prohibits any oil-related revenue from reaching President Nicolás Maduro’s regime, effectively blocking royalties and tax transfers
Venezuela's PDVSA eyes return to swap-based oil exports
Venezuela’s state oil company PDVSA is preparing to relaunch operations with its joint venture partners under conditions reminiscent of the Biden-era oil-for-debt swap model, once President Donald Trump restores key operating authorisations
Puerto Rico ends talks with New Fortress over $20 billion supply deal
Puerto Rico is quitting discussions with New Fortress Energy to renew a 15-year LNG supply deal estimated to be worth $20 billion.
US LNG stocks rise after EU commits to buy $750 billion of US energy exports
Stocks of the US’s largest LNG producers rose in trading following the announcement of a framework trade agreement that will see the European Union buy $750 billion of US LNG, crude oil, and coal exports over the next three years.
US Gulf Coast refiners pivot to international suppliers as local crude sources dwindle
American Gulf Coast refineries are securing elevated volumes of Middle Eastern and South American crude to replace diminishing Venezuelan and Mexican barrels, with ship tracking data revealing a significant supply chain reorganisation
Qatar warns EU it could halt LNG shipments if bloc doesn’t change law
Qatar finds itself in a battle with EU lawmakers desperately seeking to pair back a due diligence law to avoid a massive fine.
Maduro confirms Chevron licence as he seeks to attract US energy investment
Nicolás Maduro has confirmed that Chevron received authorisation to continue operating in Venezuela, following a recent prisoner swap agreement
Trump to reinstate Chevron's Venezuela licence
President Donald Trump’s administration is to reinstate Chevron’s licence to operate in Venezuela, authorising the US oil major to resume crude production in its joint ventures alongside state-run PDVSA, according to the WSJ.
Cenovus reportedly preparing competing offer for MEG Energy
Canadian oil sands producer Cenovus Energy is reportedly preparing a bid for fellow oil sands player MEG Energy.
ConocoPhillips reportedly close to $1.3bn sale of Oklahoma assets
ConocoPhillips is reportedly in advanced talks to sell assets in Oklahoma to privately owned Stone Ridge Energy for around $1.3bn.
US Chevron closes Hess acquisition following Guyana arbitration decision
Chevron has completed its delayed $53bn acquisition of Hess, close to two years after it first struck the deal.
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