NorthAmOil - North America Oil & Gas
Venezuela oil exports reached $18.2bn in 2025
Venezuela’s oil export revenues showed only marginal growth in 2025 despite a sharp rebound late in the year, underscoring continued volatility in the country’s external accounts
Chevron sees rising output in Venezuela but flags legal uncertainty
Speaking at the CERAWeek conference in Houston, Wirth said recent reforms mark progress but fall short of providing the predictability needed to unlock broader capital flows
Bosnia weighs US LNG imports via Croatia’s Krk terminal
Bosnia & Herzegovina is considering importing US liquefied natural gas via Krk LNG terminal in neighbouring Croatia, as part of efforts to strengthen energy security and diversify supply, the United States embassy in Bosnia said.
Eni reports $3.3bn in unpaid PDVSA debt amid easing sanctions
The outstanding balance is linked to gas production at the Perla offshore field, a joint venture with Spain’s Repsol and the only active offshore gas project in Venezuela
Losers and winners from the Qatari LNG disruption
While European and Asian importers have been hit hard by the disruption in Qatari LNG to varying degrees, the crisis has both short- and long-term benefits for US exporters and other LNG competitors.
Crude market volatility reflects Trump administration’s unpredictable war moves, says analyst
The US has temporarily lifted sanctions to permit the sale and delivery of Iranian oil, allowing for up to 140 million barrels of crude to enter global markets over the coming weeks.
Trinidad accelerates refinery revival as Hormuz tensions rattle energy markets
Energy Minister Roodal Moonilal said the government of Prime Minister Kamla Persad-Bissessar is in advanced negotiations with international firms, including Chevron, Tecnimont, Indian Oil Corporation and Oando
Venezuela output seen insufficient to offset Hormuz supply disruption
The South American country produces around 1mn bpd, highlighting a gap that analysts say is too large to close
Venezuela’s interim president confirms Obregón at PDVSA helm
The measure, formalised on March 20, also introduces a reshaped board aimed at strengthening operational management at the country’s main industry
Venezuelan transparency portal questioned after activist flags data inconsistencies
The effort followed an announcement by Jorge Rodríguez regarding the creation of a portal to detail oil income and spending
Canada’s Woodfibre LNG project reaches 65% completion
Woodfibre LNG has reached two-thirds completion following the arrival of its 16th powerhouse module on site in Squamish, British Columbia.
Venezuelan bonds gain as US relaxes PDVSA restrictions
The shift was reflected in prices, with the sovereign bond due in 2031 rising to 50.25 cents on the dollar, while PDVSA’s 2027 notes advanced to 35.35 cents
US extends Citgo shield as legal battles over Venezuelan debt drag on
The US Treasury Department has prolonged protections for Citgo Petroleum, temporarily blocking creditors from seizing the Venezuelan-owned refiner as legal disputes tied to more than $20bn in claims continue to unfold
Venezuela’s oil shipments to Cuba tied to expansion of repressive apparatus, report says
According to the study, deliveries peaked at roughly 105,000 barrels a day between 2008 and 2012
Panama Canal operating at full capacity amid Iran conflict
The Iran conflict has pushed the Panama Canal to full capacity handling up to 38 ships per day.
Iran hits two Qatari LNG trains knocking out 17% of its export capacity
Major attack on Ras Laffan plant damaged two of its 14 LNG trains as well as a gas-to-liquids facility.
Trump administration holds record lease sale in Alaska’s National Petroleum Reserve
The administration of US President Donald Trump has held the most successful oil and gas lease sale to date in the National Petroleum Reserve-Alaska.
US to release 172mn barrels from SPR in co-ordination with IEA
US President Donald Trump authorised the US Department of Energy to release 172mn barrels from the country’s Strategic Petroleum Reserve last week.
Venezuela oil output tops 1mn bpd as post-Maduro reforms and US ties reshape sector
Venezuela’s oil sector is showing renewed momentum, with crude production rising close to 10% in February to surpass the symbolic threshold of 1mn barrels per day, according to figures from OPEC.
Canadian regulator projects long-term boom in domestic gas production
A new report from the Canada Energy Regulator sees gas production rising across all presented scenarios.
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