NorthAmOil - North America Oil & Gas

Venezuelan oil trade rife with irregular tanker activity

Nearly half of the tankers operating in Venezuelan waters last month were flagged for irregularities, according to a report by Transparencia Venezuela

As Washington-Caracas tensions rise, all eyes on Venezuela's oil

Venezuela’ Nicolás Maduro has accused Washington of using counternarcotics operations in the Caribbean as cover for regime change and control over his nation’s vast oil wealth, the Financial Times reported.

MidOcean to buy 20% stake in Petronas’ Canadian operations

MidOcean Energy has agreed to acquire a 20% interest in what it describes as Petronas’ “key” businesses in Canada.

Alberta to propose new oil sands pipeline to BC coast

The Alberta government has unveiled plans to submit a proposal to the Canadian Major Projects Office for a new pipeline for transporting oil sands crude from the province to British Columbia’s northwest coast.

Ares to buy Meade Pipeline in US Northeast for $1.1bn

Ares Management has agreed to buy 100% of the equity interests in Meade Pipeline from XPLR Infrastructure for $1.1bn.

BP steps up in US Gulf with Tiber-Guadalupe approval

BP has announced a final investment decision on the Tiber-Guadalupe project in the deepwater US Gulf of Mexico.

Blue Water pitches $10bn offer for Citgo in Delaware court

Blue Water Venture Partners, a firm tied to Joseph Hernandez, has asked a Delaware federal court to allow consideration of its unsolicited $10bn proposal for Citgo Petroleum Corp’s assets

US may be seeking to position oil majors for post-Maduro Venezuela

Energy analysts argue that the Trump administration’s goal is to maintain a US foothold in case of political change, enabling Western oil firms to help revive Venezuelan output and potentially rival Saudi Arabia by the 2030s

BP forecasts global LNG exports to increase through 2035

Supermajor BP expects LNG demand to climb to 900bn cubic metres by 2035, the British energy company predicted in its Energy Outlook.

TotalEnergies inks Heads of Agreement LNG deal with Hyundai Chemical

French supermajor TotalEnergies signed a Heads of Agreement with South Korea’s Hyundai Chemical.

ADNOC’s subsidiary XRG acquires stake in Rio Grande LNG project in Texas

The United Arab Emirates’ state-run oil and gas company ADNOC announced that its investment vehicle XRG has closed its acquisition of an equity stake in NextDecade’s Rio Grande LNG project located in Brownsville, Texas.

Chevron curbed by new US limits on Venezuelan oil exports

Trump lavishes praise on Erdogan in White House meeting and suggests Turkey stop buying Russian oil and gas

Some big military and civilian aircraft deals may be in the making, but the deal-making remains behind closed doors.

Venezuela’s oil standoff draws in US, China and Europe

US military patrols targeting suspected drug shipments off Venezuela’s coast have become the latest flashpoint in a conflict that extends far beyond narcotics.

US DoJ weighs in on Line 5 dispute, sides with Enbridge

The US Department of Justice has waded into a long-running dispute between Enbridge and the State of Michigan over the Line 5 oil and natural gas liquids pipeline.

Canada begins efforts to fast-track energy projects

Canada is beginning efforts to fast-track energy projects, starting with an initial list of five that was unveiled earlier this month.

Sempra agrees to sell infrastructure arm stake, approves Port Arthur LNG expansion

Sempra has agreed to sell a 45% equity stake in its Sempra Infrastructure Partners unit for around $10bn, while also taking a final investment decision on Phase 2 of Port Arthur LNG.

US fracking pioneer Continental may invest in Argentina’s Vaca Muerta

Argentina's President Javier Milei met with Continental Resources executives on September 18 to explore investment opportunities in the Latin American country's hydrocarbon sector, particularly the Vaca Muerta shale formation