NorthAmOil - North America Oil & Gas

Licences ease pressure for Venezuela, sector recovers slightly

Venezuela’s oil industry is showing tentative signs of recovery as higher refining rates, revived export routes and renewed interest from foreign companies reshape a sector still constrained by US sanctions and operational bottlenecks

Venezuela oil shipments double in February as output rebounds

January exports had stood at roughly 383,000 barrels a day, when the Trump administration first took control of the country’s oil sales

Exxon Mobil weighs return to Venezuela with technical visit planned

The US oil major is exploring avenues for cooperation with the Venezuelan government and could resume operations if what it views as appropriate investment conditions are put in place

Australia ships rare LNG cargo to Eastern Canada

Australia has shipped an LNG cargo to Canaport’s LNG import terminal in the eastern Canadian city of Saint John.

Cheniere records 60% rise in net income amid record LNG production

Cheniere Energy reported a 64% increase in net income in 2025.

Venezuela oil sales under US deal seen reaching $2bn

Venezuela oil sales under US deal seen reaching $2bn

US Energy Secretary Chris Wright said shipments could total about 40mn barrels by month-end, with prices hovering near $50 a barrel

Venezuela fuel retailers declare emergency as price dispute deepens

The move follows a breakdown in negotiations with the government over raising margins and addressing what the group described as deep-rooted operational problems

US prosecutors move to sell seized Venezuelan oil tanker in test case

The vessel, the Skipper, was detained by the US Coast Guard on Dec. 10 and is currently anchored off the Texas coast

Oil-for-gas deal lets Venezuela start clearing Eni arrears

Chief Executive Officer Claudio Descalzi said the shift allows Caracas to start addressing about $3bn in outstanding obligations that accumulated while conventional payments were effectively frozen

Optimism fuels Venezuela’s growth outlook as energy sector leads recovery

Rising confidence among businesses and consumers is reshaping Venezuela’s economic outlook, according to economist and financial adviser Leonardo Buniak

Rodríguez presses for sanctions relief as Venezuela courts energy partners

Speaking to domestic and foreign executives, including representatives from Repsol, Chevron, Shell and Maurel & Prom, Rodríguez framed the appeal as part of a broader push for sovereignty, independence and a self-directed energy policy

US oil intake from Venezuela rises after January raid, falls short of Trump claim

In his State of the Union address, Trump said the US had received more than 80mn barrels from Venezuela, a number that outstrips available import data

Venezuela crude exports shift to supertankers under US-backed supply deal

The move is expected to increase export capacity from March and channel a greater share of shipments toward India, according to shipping records and people familiar with the flows

PDVSA reassesses oil partnerships after legal changes and US demands

The contracts were introduced after the now Interim President Delcy Rodríguez assumed the role of oil minister in October 2024 and included new structures such as productive participation agreements (CPPs)

Saipem poised for Venezuela return

Chief executive Alessandro Puliti said Venezuela is a market where Saipem has a long operational history and remains ready to re-enter once clients begin advancing projects

India belatedly urges early cessation to hostilities in Middle East

Indian Prime Minister Narendra Modi posted two separate messages on X responding to the now two day long campaign of hostilities against Iran by the forces of Israel and the US.

Speculation emerges over megamerger potential in Canada’s oil sands

Speculation has emerged over the potential for a megamerger to take place in Canada’s oil sands.

Infinity, NOG adjust Ohio Utica acquisition split, close deal

Infinity Natural Resources and Northern Oil and Gas agreed to adjust the ownership split of their pending acquisition of Utica shale assets in Ohio from Antero Resources and Antero Midstream prior to closing the acquisition this week.

ConocoPhillips reportedly considering sale of certain Permian Basin, Eagle Ford assets

ConocoPhillips is reportedly exploring the possibility of selling some of its assets in the US’ Permian Basin and in the Eagle Ford shale.

US eases curbs on Venezuelan Oil shipments to Cuba to address regional risks

Secretary of State Marco Rubio warned the policy would be rolled back if the crude ultimately benefits Cuba’s government or armed forces, stressing that any relief must reach ordinary citizens