NorthAmOil - North America Oil & Gas
Canada weighs impact of potential oil revival in Venezuela
Higher imports of Venezuelan crude to the US and beyond could displace oil coming from Canada.
Venezuelan authorities to send 30mn-50mn barrels of sanctioned crude to the US
US President Donald Trump announced on January 6 that Venezuelan authorities will turn over 30mn to 50mn barrels of sanctioned crude to the US, redirecting exports from China to the US.
Venezuela’s oil will cost US oil firms billions in investment before earning dollar one
US President Donald Trump says that the US will help take over running Venezuela and get the oil sector back on its feet so everyone can “make lots of money.” But there has been underinvestment in the South American country’s vast oil reserves.
Harbour to enter US Gulf with LLOG acquisition
Harbour Energy has agreed to acquire LLOG Exploration from LLOG Holdings for $3.2bn, giving it a presence in the US Gulf of Mexico.
COMMENT: US control of Venezuelan oil can earn Indian refineries optimal margins
Reliance's Jamnagar refining complex is a 1.4mn barrel per day facility incorporating proprietary cracking and coking capacity, and was architecturally engineered for Venezuelan heavy-sour crude processing
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