NorthAmOil - North America Oil & Gas
US to account for two-thirds of EU LNG imports this year and 80% by 2028: IEEFA
Europe is becoming increasingly dependent on LNG from the US, with US supplies expected to account for around two-thirds of the continent’s LNG imports this year.
Bulgaria's Bulgargaz picks Shell for US LNG delivery
Bulgarian state gas supplier Bulgargaz announced this week it had selected Shell to deliver an LNG cargo from the US under a tender aimed at securing supply for the summer season.
EU set to soften methane regulation amid crisis
The EU is preparing to soften enforcement of its methane emissions rules for oil and gas imports as the Iran war drives renewed fears over Europe’s energy security.
Repsol receives first Venezuelan crude shipment under gas supply agreement
The arrangement is intended to secure the long-term sustainability of gas production at Cardón IV, the offshore project jointly operated by Repsol and Italy’s Eni
Ex-PDVSA chief El Aissami testifies in secretive Venezuelan corruption trial
Proceedings, which began on April 20 nearly two years after El Aissami’s arrest, are being held behind closed doors with no access granted to the press
Venezuela’s oil transparency push faces doubts as questions persist over PDVSA funds
Efforts by Venezuela’s new leadership to present a more transparent oil sector are drawing scrutiny as limited disclosures and allegations of past corruption continue to cloud the management of the country’s main source of revenue
Shell advances talks to export Venezuelan gas through Trinidad LNG hub
The discussions include development of the Dragón field, alongside possible advances in the Carito and Pirital fields in Monagas state and the cross-border Loran project shared between Venezuela and Trinidad and Tobago
George E. Warren enters Venezuelan oil market after US eases restrictions
The Florida-based company is set to export the Venezuelan crude shipment this month, marking its first acquisition since the United States relaxed restrictions in February
Iraq sees sharp decline in crude exports to US, EIA data shows
Iraq’s crude oil exports to the United States nearly halved in March compared with the previous month, according to data released by the US Energy Information Administration (EIA).
Chevron plans $10 bn investment project in Argentina’s Vaca Muerta under RIGI scheme
Chevron plans to submit a $10bn investment project in Argentina under the government’s large-scale investment incentive programme, economy minister Luis Caputo said.
World oil inventories falling fast towards hard operational floor
The world's oil buffer is disappearing faster than at any point in recorded history. Two months into the near-closure of the Strait of Hormuz, global inventories are drawing down at a pace that has already exceeded the previous quarterly record.
Fitch raises 2026-27 oil and gas price assumptions on prolonged Hormuz closure
Fitch Ratings has raised its 2026-2027 oil and gas price assumptions on a longer Strait of Hormuz closure, assuming reopening around July, with Brent expected at USD100-110 per barrel through July before falling to USD70 by September.
Rubio rejects Cuba oil embargo claims as US tightens sanctions
Washington later Venezuela from exporting oil to Cuba and warned countries supplying fuel to Havana that they could face tariffs under measures announced by President Donald Trump’s administration
Trump says Exxon, Chevron held talks on Venezuela opportunities
Speaking at an event at the White House, Trump said the meetings took place on Tuesday, May 5, with the presidents of both oil companies
Sentinel kicks off deepwater oil export terminal construction in US Gulf
Sentinel Midstream is beginning construction on its Texas GulfLink deepwater port project.
Scout offloads producing Anadarko Basin assets worth over $1bn
Scout Energy Partners announced on May 1 that it had sold off over $1bn in producing oil and gas assets located in the Western Anadarko Basin.
Trump administration to loan up to another 92.5mn barrels of SPR crude to oil companies
The administration of US President Donald Trump has issued a request for proposal (RFP) for an emergency exchange of up to 92.5mn barrels of crude oil from the country’s Strategic Petroleum Reserve (SPR).
Western Midstream to bulk up in Permian’s Delaware sub-basin with Brazos acquisition
Western Midstream Partners announced this week that it had agreed to acquire privately held Brazos Midstream’s assets in the Permian Basin’s Delaware sub-basin.
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