NorthAmOil - North America Oil & Gas
ExxonMobil nears Venezuela return in major shift, ConocoPhillips still wary
Exxon Mobil is in talks to re-enter Venezuela nearly two decades after abandoning the country following the nationalisations carried out under former President Hugo Chávez, but ConocoPhillips remains unsure of entry to Venezuela's oil sector.
Venezuela is again one of Latin America’s top oil producers, exports to US highest since 2018
Venezuela consolidated its position as one of the three largest crude oil producers in Latin America and the Caribbean in January 2026.
Germany’s SEFE to ink major LNG deal with Canada’s Ksi Lisims project
Germany’s state-run gas importer Securing Energy for Europe is set to sign a long-term agreement to buy LNG from Canada’s Ksi Lisims project.
Ecoanalítica sees IMF role as key to Venezuela debt overhaul
According to the firm, a comprehensive restructuring will require the involvement of the International Monetary Fund (IMF) and a prior process of institutional and statistical normalisation
Venezuela ranks among Latin America’s top oil producers, report shows
The report said Venezuela, together with Brazil and Mexico, accounted for 70% of the region’s oil production, which totalled 361mn barrels during the month
Claver-Carone emerges as central figure in US strategy for post-Maduro Venezuela
He also played a role in discussions tied to the reopening of Venezuela’s oil sector and backing firms seeking involvement in the restructuring of the country’s $170bn debt
Vanguard deepens exposure to Venezuelan debt on restructuring expectations
Vanguard Group Inc. has significantly expanded its holdings of defaulted Venezuelan debt, making an unusually active move for an asset manager better known for passive index investing
Venezuela seeks stronger trade ties with India ahead of possible Rodríguez visit
US Secretary of State Marco Rubio said there are “opportunities with Venezuelan oil” in the Asian nation and described India as “a great ally and a great partner”
Colombia's GeoPark eyes Venezuela as Gilinski Group backing fuels regional expansion
The Bogotá-based producer has intensified its regional ambitions after Colombia’s Gilinski Group acquired roughly 24% of the company
Trump says Venezuelan oil windfall has offset cost of Iran conflict
President Donald Trump said revenue generated from oil seized during the US operation in Venezuela had more than compensated for the cost of the war in Iran
Venezuela emerges as key oil supplier to India amid gulf disruptions
Nearly half of India’s crude imports usually pass through the Strait of Hormuz, but the route has become inaccessible as the conflict escalate
IEA chief warns of oil markets entering "red zone" by July-August
Global oil markets could enter the “red zone” by July-August if additional Middle Eastern export supplies fail to materialise and inventories continue falling during the peak summer demand season.
Cheniere’s Corpus Christi plant produces first LNG from Train 6
Expansion of Texas LNG plant is ahead of schedule to be completed this year.
Exxon nears Venezuela return in major shift after Chávez-era exit
Exxon Mobil is in talks to re-enter Venezuela nearly two decades after abandoning the country following the nationalisations carried out under former President Hugo Chávez
Venezuela debt restructuring faces long timeline despite oil sector hopes
Venezuela’s effort to restructure its sovereign debt and liabilities tied to state oil company PDVSA is expected to take years, though analysts say progress toward an agreement could still improve confidence in the country’s oil industry
Venezuelan crude imports to US reach highest since 2018
US crude imports from Venezuela climbed to their highest level since 2018 in the week ending May 15, highlighting a sharp shift in oil trade flows as Washington eases restrictions on Caracas and disruptions hit Middle Eastern supply routes
Venezuela faces billions in claims from Chávez-era expropriations
Venezuela’s sweeping nationalisation campaign under Hugo Chávez and later Nicolás Maduro left the country burdened with liabilities exceeding $30bn by 2021
Venezuela debt rally loses steam as investors brace for lengthy restructuring
The announcement by interim President Delcy Rodriguez’s administration initially sparked optimism
ConocoPhillips warns Venezuela terms remain unattractive for oil investment
Venezuela’s attempts to reopen its oil industry to foreign companies remain insufficient to secure large-scale investment, according to ConocoPhillips Chief Executive Officer Ryan Lance
Follow us online