NorthAmOil - North America Oil & Gas
Rubio presses India to buy more US, Venezuelan oil
US Secretary of State Marco Rubio has urged India to increase its purchases of crude oil from the United States and Venezuela, seeking to strengthen energy ties with New Delhi amid strained bilateral relations.
Analyst warns of pressure on Russian oil exports and predicts global oil surplus by 2028
Russia faces mounting energy risks from Ukrainian attacks, dependence on Chinese influence and the prospect of a global oil surplus, while Ukraine prepares for a difficult winter, says analyst.
US regulator proposes streamlined approvals for LNG infrastructure
The US FERC has proposed a new authorisation framework designed to accelerate LNG infrastructure development by allowing certain construction, maintenance and expansion activities to proceed without individual regulatory approvals.
LNG Canada selects Tecnicas Reunidas for Coastal GasLink Phase 2
Shell-operated LNG Canada has selected Spanish firm Tecnicas Reunidas for Phase 2 of the project’s Coastal GasLink.
Venezuela’s oil law overhaul puts Russian investments at risk
Venezuela’s plan to let foreign companies take controlling stakes in oil fields and manage operations is raising concerns in Moscow that Russian energy investments could lose ground as Caracas deepens its ties with Washington
Venezuela bets on $76bn oil push to rebuild production
Venezuela is counting on a multibillion-dollar investment programme to reverse years of decline in its oil industry, with interim President Delcy Rodríguez projecting nearly $76bn in spending over the next five years
Venezuela oil output rises 8% as PDVSA reports more than 1.2mn bpd
Venezuela’s oil production climbed 8% to more than 1.2mn barrels per day by the end of the third quarter of 2026, as state-owned Petróleos de Venezuela seeks to attract investment, expand commercial partnerships and restore ageing infrastructure
Philippines and US explore oil reserves and nuclear energy ties
The Philippines is turning to the United States for help in building emergency oil stockpiles and developing nuclear power after the two countries' energy chiefs met in Washington.
EU adopts proposal to postpone EU Methane Regulations by one year
One year postponement will now require first import obligations from January 1, 2028.
US has not eased sanctions on Russian oil, energy secretary says
The US has not relaxed existing sanctions on Russian crude oil, with recent exemptions applying only to diesel supplies.
Trump puts sweeping Russia sanctions on hold as energy crisis takes priority
Trump has suspended sweeping new sanctions against Russia as soaring energy prices increasingly take precedence over efforts to pressure Moscow.
US leaves Citgo ownership dispute unresolved as appeal proceeds
The legal battle over Citgo’s future is continuing without a clear signal from Washington, as the US government has declined to take a position on an appeal involving the Venezuelan-owned refiner’s proposed $5.9bn sale
Machado criticises Trump-backed oil partner as she seeks return to Venezuela
Venezuelan opposition leader María Corina Machado challenged Washington’s oil strategy in Venezuela, accusing businessman Alejandro Betancourt of “obscene corruption”
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