NorthAmOil - North America Oil & Gas
Venezuela’s export surge masks production gap, analyst says
Venezuela’s oil exports outpaced its production in May, underscoring a growing reliance on stored crude to sustain shipments abroad, according to Antonio de la Cruz, president of Inter American Trends
US EIA predicts gaping deficit in oil supply for full year
Supply will fall 7mn bpd, and demand by only 1mn bpd.
Germany’s Uniper Inks Preliminary Deal to Buy LNG from Canada’s Ksi Lisims
Germany's state-owned energy company Uniper has agreed to a preliminary deal to purchase LNG from Canada’s Ksi Lisims project.
Sempra’s Mexico project Energia Costa Azul produces first LNG
US LNG developer Sempra Infrastructure has achieved first LNG at its Energia Costa Azul project in Ensenada, Mexico.
US overtakes Gulf suppliers as India’s top LPG, LNG source in May
The United States became India’s largest supplier of liquefied petroleum gas (LPG) and liquefied natural gas (LNG) in May, overtaking traditional Gulf exporters.
US envoy says Venezuelan oil exports hit seven-year high
US Chargé d'Affaires John Barrett said in a post on social media that the export performance stemmed from a three-stage strategy designed by Secretary Marco Rubio and President Donald Trump
US energy giants pursue Syria oil and gas investments at World Energy Forum
Syrian Energy Minister Mohammed Al Bashir met with US Energy Secretary Christopher Wright in Washington on June 8 to discuss expanding bilateral energy-sector cooperation and attracting American investment into Syria’s energy and infrastructure.
US delegation to press Venezuela for deeper oil sector reforms
A delegation of officials from the Trump administration is expected to travel to Venezuela in the coming days to encourage further changes to the country’s Hydrocarbons Law
Venezuela expands energy outreach as Rodríguez follows India visit with Turkey stop
During her visit to India, Rodríguez met US Ambassador Sergio Gor as part of ongoing working groups between Caracas and Washington established after she assumed power
UK's Centrica signs long-term gas deal with Canadian producer Peyto
The deal covers roughly 0.5 bcm per year of gas supply.
Geopolitical crises are the new norm for energy markets
Geopolitical disruptions are becoming a permanent feature of global energy markets rather than isolated crises.
OPEC+'s symbolic quota raise
OPEC+’s latest decision to raise oil production quotas is unlikely to have much immediate impact on global supply.
LNG Canada Phase 2 Expansion Gains Momentum
The final investment decision for the project appears to be around the corner for the consortium.
Venezuelan oil shipments to India climb as Rodríguez seeks deeper energy ties
Venezuela has strengthened its position in India’s crude market, emerging as the country’s third-largest oil supplier this month as acting President Delcy Rodríguez pursues closer energy cooperation with New Delhi
PDVSA highlights state-led output gains as Venezuela targets higher crude production
According to figures cited by authorities, 61% of the total growth is attributable to the efforts of PDVSA and the Joint Ventures, reflecting increases of 102,000 and 166,000 bpd respectively.
Cheniere awards EPC contract for next phase of Sabine Pass LNG expansion to Bechtel
Cheniere Energy Partners has entered into a lump-sum turnkey engineering, procurement and construction contract with Bechtel Energy for the first phase of the SPL expansion project.
Canada sees rising oil, gas exports following outbreak of Middle East conflict
Canada’s oil and gas exports rose in March, according to the latest official data.
Stone Ridge reportedly offering $8bn for Devon’s Marcellus assets
Stone Ridge Asset Management has reportedly offered to buy Devon Energy’s Marcellus shale assets for roughly $8bn.
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