NorthAmOil - North America Oil & Gas
Stone Ridge to buy Anadarko Basin assets from ConocoPhillips for $1.3bn
Stone Ridge Energy has agreed to acquire assets in Oklahoma from ConocoPhillips for around $1.3bn.
Chevron resumes Venezuelan oil exports to US under new curbs
Chevron Corp. has restarted Venezuelan crude shipments to the United States after a months-long pause, with the first cargo under its new restricted licence set to depart this week
Venezuela’s Citgo auction sees Vitol challenge Gold Reserve’s lead with higher offer
The battle for control of Citgo Petroleum, Venezuela’s prized US refining asset, has intensified as a Vitol subsidiary pushes to dislodge a Gold Reserve-led consortium from pole position in the court-ordered auction
Chevron’s Venezuela waiver poised to ease heavy crude shortage on US Gulf Coast
Gulf Coast refiners, many designed to handle heavier grades, have been squeezed by the loss of Venezuelan barrels
Asia drives global refining capacity growth
Global refining capacity is rising despite a decline in the number of refineries, with Asia and the Middle East leading growth through large, integrated projects.
Pakistan strikes oil deal with US as Trump targets India
Announced in Washington by President Donald Trump, the deal includes US participation in developing Pakistan’s oil reserves and a significant cut in tariffs on Pakistani exports to America.
Chinese LNG shipbuilding could be boosted by new US rules
The rapid expansion of United States LNG exports, championed by the Trump administration, could be undermined by new trade rules from the same administration aimed at reviving domestic shipbuilding and countering China’s dominance in the sector.
Chevron tankers head to Venezuela as oil shipments close to resuming
At least three Chevron-chartered tankers are en route to Venezuelan waters to load crude for US refineries later this month, following a fresh US Treasury licence allowing the company to resume limited operations in the sanctioned country
Fresh bid complicates Venezuela’s Citgo sale as creditors battle for control
Court-appointed special master Robert Pincus informed Judge Leonard Stark of the offer but disclosed neither the bidder’s identity nor the submission date
Cheniere signs 21-year LNG supply deal with Japan’s JERA
US LNG giant Cheniere Energy has signed a sales and purchase agreement with Japanese oil and gas trader JERA.
TotalEnergies passes on investing in NextDecade’s Rio Grande Train 5
French supermajor TotalEnergies has chosen not to finance NextDecade’s fifth liquefaction unit at its Rio Grande export terminal in Texas.
ExxonMobil, Chevron beat profit expectations, see output rise
US-based supermajors ExxonMobil and Chevron both reported lower earnings for the second quarter of 2025 but nonetheless beat analyst expectations.
Canada's Frontera divests from Ecuadorian oil blocks
Canadian energy company Frontera Energy has agreed to divest its 50% working interest in Ecuador's Perico and Espejo blocks for CAD 10.74mn ($7.8mn) cash, with potential additional payments of $750,000 contingent on production milestones.
Oil firms’ return is lifeline for Venezuela, but Maduro downplays importance
Oxford Economics says the re-entry of Chevron and other international oil companies into Venezuela could stabilise crude output and ease currency pressures.
FERC issues final supplemental EIS for Texas LNG, Rio Grande LNG projects
The US Federal Energy Regulatory Commission has issued two separate final supplemental environmental impact statements – for the Texas LNG and the Rio Grande LNG projects.
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