NorthAmOil - North America Oil & Gas

14 August 2025

Stone Ridge to buy Anadarko Basin assets from ConocoPhillips for $1.3bn

13 August 2025

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

13 August 2025

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

13 August 2025

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

13 August 2025

Gulf Coast refiners, many designed to handle heavier grades, have been squeezed by the loss of Venezuelan barrels

Asia drives global refining capacity growth

12 August 2025

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

11 August 2025

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

11 August 2025

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

11 August 2025

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

10 August 2025

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

9 August 2025

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

9 August 2025

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

7 August 2025

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

7 August 2025

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

7 August 2025

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

7 August 2025

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.