NorthAmOil - North America Oil & Gas
Lionheart targets Venezuela oil revival with $400mn investment plan
Lionheart Capital is positioning itself to become an early private investor in Venezuela's oil sector, pursuing a transaction valued at about $400mn that would give the Miami-based firm exposure to one of the country's mature producing assets
Petrovietnam eyes stronger Canada ties to advance energy transition
Petrovietnam is looking to strengthen energy co-operation with Canada as Vietnam accelerates its transition towards cleaner and more diversified energy sources.
Oregen Energy appoints Michael Simpson to board as it advances Namibia exploration strategy
Canadian oil and gas investor Oregen Energy has appointed energy policy and regulatory specialist Michael Simpson to its board of directors as the company advances its offshore exploration interests in Namibia's Orange Basin.
Alaska wildcatter sets sights on Venezuela in new frontier oil bet
The Texan wildcatter behind Alaska’s Pikka oil discovery is preparing to explore for crude in Venezuela after agreeing a draft deal with authorities
Venezuela targets 1.4mn barrels a day of oil output by year-end
Venezuela expects crude production to approach 1.4mn barrels per day by the end of 2026, Acting President Delcy Rodríguez said, outlining an expansion plan as the government seeks to generate additional revenue for the country's reconstruction
Cheniere’s Corpus Christi plant gets approval to introduce fuel gas to Train 7
The US’s largest LNG exporter Cheniere Energy has been given the green light by federal regulators to add hot oil and fuel gas into Train 7 at its Corpus Christi facility.
Canada’s Cedar LNG gets approval to increase future production capacity
Cedar LNG has received approval from British Columbia’s environmental regulator to raise its future production capacity.
Argentina's Vaca Muerta crude expands into Asian markets as US demand declines
Crude oil produced at Argentina's Vaca Muerta shale formation is reaching new markets in China and Southeast Asia as exports diversify away from the United States.
Venezuela sees 17% oil production growth by 2028, with execution key
Venezuela's oil industry is entering a new stage of its recovery, with attention turning from regulatory change and market access to the more difficult task of delivering sustained increases in production
India’s Venezuelan oil imports hold firm as refining capacity expands
Indian ports received 10.1mn barrels of Venezuelan crude in June, nearly unchanged from May's 10.2mn barrels and well above April's 8.3mn and March's 900,000 barrels. Another 7.7mn barrels are scheduled to arrive in July
Ukraine seeks long-term US LNG partnership to bolster winter gas supplies
Ukraine's state energy company Naftogaz has agreed to pursue a long-term partnership with US-based Argent LNG to supply American liquefied natural gas LNG, as Kyiv seeks to strengthen energy security and secure fuel supplies ahead of winter.
Glut of LNG supply pushed back to 2028
Damage to Qatar’s Ras Laffan Industrial Complex and the blocking of the Strait of Hormuz by Iran has delayed the oversupply of LNG to the market.
OPEC reflects on its superpower era
War‑time disruption, sanctions and the UAE’s exit have exposed the limits of OPEC’s market power, leaving the cartel more constrained, more reactive and less central to price formation
OPEC takes aim at the IEA over oil and gas forecasts
OPEC warns that pessimistic demand forecasts and financing restrictions risk deterring oil and gas investment.
Shell gives go-ahead to Caribbean LNG regasification plant in Bahamas
Shell has approved an investment in a small LNG receiving terminal in the Bahamas and begun construction at the project site.
Glenfarne announces $500mn investment to support Texas LNG
Glenfarne Group has secured a $500mn investment, with the lead investors involved being investment funds and accounts managed by HPS Investment Partners, to support the continued development of its Texas LNG project.
Mitsubishi closes acquisition of Aethon’s Haynesville shale assets
Japan’s Mitsubishi has closed its acquisition of Aethon Energy Management’s assets in the US’ Haynesville shale gas play.
Pathways CCS project in Canada’s oil sands takes step forward
The governments of Canada and Alberta have reached an agreement with leading oil sands companies to help them raise production while building CCS capacity.
Africa's LNG ambitions gather pace amid record global trade, says IGU report
Africa is steadily carving out a more prominent role in the global LNG industry.
Shell moves Venezuela's Dragon gas project forward with drilling tender
The contract is expected to be awarded by the end of September, although it will only become effective if the partners make a final investment decision on the 119bn cubic metres development
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