NorthAmOil - North America Oil & Gas
Turkey’s LNG imports more than double in April
Turkey more than doubled its liquefied natural gas (LNG) imports in April.
Repsol expands Venezuela ambitions with new Maracaibo and offshore studies
Repsol has signed a letter of intent with Venezuela’s ministry of hydrocarbons and state oil company PDVSA to evaluate the potential development of the Horcón area, a hydrocarbon prospect located southeast of Lake Maracaibo
Oil firms secure early positions in Venezuela as contract talks advance
Industry officials say interest has accelerated nearly six months after the removal of Nicolás Maduro and amid efforts by the Trump administration to attract investment into Venezuela’s energy sector
Delfin Midstream closes financing for US floating LNG export project
Delfin Midstream has closed key deals for the Delfin Deepwater Offshore Port and LNG floating vessel liquefaction and export project.
US LNG exporter Cheniere reaches substantial completion at sixth Corpus Christi Stage 3 train
Cheniere has reached substantial completion of Train 6 at the Corpus Christi Liquefaction Stage 3 project in Texas in the US.
PDVSA-crypto trial advances as questions over missing funds remain unanswered
Prosecutor Eddy Rodríguez urged the court to dismiss a series of motions filed by defence lawyers, including requests for dismissals, acquittals, reviews of pretrial detention measures and the admission of supplementary evidence
After the blockade: what Hormuz’s reopening does and does not resolve
A US-Iran memorandum has reopened the Strait of Hormuz after 108 days, but structural damage to energy markets, insurance and tanker routes will persist well beyond the diplomatic announcement
SLB, PDVSA agree long-term partnership to modernise Venezuela’s energy industry
The memorandum of understanding establishes a broad platform for cooperation covering exploration, field development, production activities and training programmes
PDVSA, Schlumberger forge partnership to expand energy cooperation
Venezuela has signed a memorandum of understanding with oilfield services giant Schlumberger Limited
Venezuela, US hold energy talks as oil sector recovery accelerates
Venezuelan interim President Delcy Rodríguez met with senior US officials to review the bilateral energy agenda, highlighting deepening cooperation as the South American country expands oil production and attracts foreign investment
Lazard offers cut-price bid for Venezuela debt advisory role
Lazard has made a $25mn proposal to become Venezuela’s financial adviser for its sovereign and PDVSA debt restructuring, challenging the appointment of Centerview Partners in what could become one of the world’s largest debt overhauls
US capital targets Venezuela as investment interest accelerates
US investors are moving quickly to gain exposure to Venezuela following political changes earlier this year and the reopening of key sectors to foreign capital, with oil assets attracting the strongest interest
China debt clouds Venezuela’s restructuring efforts
Philip Luck of the Center for Strategic and International Studies warned that any IMF-backed restructuring could face difficulties if other creditors are asked to accept losses while Chinese claims retain preferential treatment
US sees rising demand for Venezuelan crude as output expands
US Energy Secretary Chris Wright said American refineries are capable of processing more Venezuelan crude and are expected to increase purchases as the country’s oil production continues to recover
Trafigura, Vitol target Asia as Venezuelan oil output climbs
Recent outreach has included South Korea, Malaysia and India, where traders have pitched Venezuelan barrels at competitive prices
Trading arm of Ukraine's DTEK receives US LNG at Dutch terminal
D.TRADING, the trading arm of Ukraine’s DTEK, has delivered a US LNG cargo to the Gate terminal in Rotterdam, expanding its role in Europe’s gas market.
London-listed oil player Pennpetro eyes expansion in Ukraine and US
Pennpetro Energy plans to acquire an initial minority stake in the Limnytska oil and gas licence in western Ukraine as it looks to build a diversified portfolio of producing and near-term oil and gas assets.
Greece’s Atlantic-SEE LNG doubles purchase volume from Venture Global
Venture Global has agreed to double its supply volume to Atlantic-SEE LNG from its existing sales and purchase agreement.
India pivots to US for LNG supply
US supplied India with over 40% of its LNG supply in May.
US expands authorisations for Venezuela energy and mining operations
Washington authorised new activities involving the export, marketing and transportation of Venezuelan crude oil and petrochemical products to the United States by US companies
Venezuela authorises Shell to advance Loran gas project
The authorisation was announced during a ceremony in Caracas led by interim president Delcy Rodríguez
Delfin takes FID on first US FLNG project
Delfin Midstream has announced a final investment decision on the first FLNG vessel of its Delfin LNG project.
US shale driller Devon updates 2026 outlook following close of Coterra merger
US shale producer Devon Energy provided an updated 2026 outlook this week, which follows the closing of its merger with Coterra Energy in May.
SLB OneSubsea wins subsea boosting contract at BP’s Thunder Horse project
SLB OneSubsea announced this week that it had been awarded an engineering, procurement and construction contract by BP to provide a subsea boosting system for the Thunder Horse project in the US Gulf of Mexico.
India explores Canadian crude imports
India is considering Canada as a potential source of crude oil imports, with the country's newer refineries well-suited to processing heavy crude grades produced in Canada.
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