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The publication continues to provide weekly coverage of upstream, midstream and downstream news, spanning shale oil and gas, LNG, oil sands, transport by pipeline and rail, company performance and regional energy policy – on both national and state or provincial levels. NorthAmOil provides regular updates on the status of major proposed projects in both the US and Canada. The publication also looks at more distant prospects, such as offshore Arctic drilling.
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Enbridge expresses interest in building CO2 pipeline for Canada’s Pathways project
Enbridge is interested in building a carbon dioxide pipeline to support Canada’s planned Pathways carbon capture and storage project.
Venezuela sends oil equipment to Houston for repairs in US return
Venezuela is shipping state-owned oil equipment to the US for maintenance for the first time in more than a decade, as the country seeks to restore deteriorating infrastructure and increase crude production
Diamondback, KKR to acquire Permian water infrastructure firm Deep Blue
Diamondback Energy and global investment firm KKR have agreed to jointly acquire Five Point Infrastructure’s 70% stake in Deep Blue Midland Basin.
Exxon secures exclusive talks on seven Venezuelan oil areas
Exxon Mobil Corp. (XOM) has obtained exclusive negotiating rights for seven potential oil development areas in Venezuela, opening the door to a possible return
Strathcona to buy Greenfire as Canadian oil sands consolidation continues
Strathcona Resources has agreed to acquire Greenfire Resources.
ExxonMobil to enter Venezuela after initial scepticism
Democrats expected to probe Trump’s Venezuela oil deal amid concerns over financial beneficiaries
Starting in January, US Democrats are expected to intensify congressional scrutiny of President Donald Trump’s controversial oil agreement with Venezuela.
Japan's JOGMEC reports progress in methane hydrate production research
Japan's state-backed energy resources agency JOGMEC has reported progress in research aimed at commercialising methane hydrate production, following the publication of results from a long-term gas extraction trial in Alaska.
Poland’s Orlen cancels Qatar LNG deal following supply disruptions
Polish state-run energy company Orlen has terminated one of its long-standing LNG supply agreements with QatarEnergy after disruptions linked to the Iran conflict prevented the Qatari producer from fulfilling its contractual commitments.
Atlas Copco expands LNG compressor manufacturing in South Korea and US
Swedish industrial equipment manufacturer Atlas Copco has expanded its compressor manufacturing capacity in South Korea and the US to meet growing demand from the LNG.
Venture Global acquires federal land for US Louisiana LNG development
The parcel, formerly part of the Calcasieu Pass Radio Beacon Station, was sold to Cameron Land Ventures for $1.03mn, equivalent to its appraised fair market value.
Power LNG selects storage tank contractor for Texas marine fuelling project
US developer Power LNG Ventures has selected Cashman Preload Cryogenics to design a 3mn-gallon LNG storage tank for its Project Seawolf marine fuelling facility in Galveston.
Venezuelan oil contractors seek PDVSA debt settlement to unlock foreign credit
Venezuelan oilfield contractors say access to international financing remains constrained by unpaid bills from state oil company PDVSA, and are urging the government to establish a formal process to verify and restructure those liabilities
Venezuela bondholders face deeper losses as debt restructuring risks mount
Venezuelan creditors may face steeper losses than currently priced into the market as debt negotiations risk taking longer and delivering lower recoveries, according to Signum Global
US managed $12.3bn in Venezuelan export revenue through September
The US government received $12.26bn from Venezuelan natural resource exports between January 3 and September 30, returning most of the proceeds to the country through a financial system controlled by Washington
Wright hails ExxonMobil's Venezuela return as sign of Trump's leadership
US Energy Secretary Chris Wright praised ExxonMobil's preliminary agreement with Venezuela, presenting the deal as evidence of President Donald Trump's leadership and the country's renewed appeal to international energy investors
Qatar continues to explore US market for LNG supply
NextDecade’s Train 6 at its Rio Grande LNG project could provide QatarEnergy with the additional US LNG supply it is seeking.
US' Phillips 66 opens first Latin American office in Bogotá
US refiner Phillips 66 (NYSE: PSX) has set up a commercial office in the Colombian capital Bogota, its first anywhere in Latin America
ONGC seeks control of two Venezuelan oil projects in six months
India’s state-owned Oil and Natural Gas Corp. is negotiating to assume operational control of two Venezuelan oil projects
Venezuela oil export shift boosts Aframax tanker demand, BRS says
Venezuela’s changing oil trade is reshaping shipping demand, with shorter-haul exports increasing the use of Aframax tankers while reducing the role of very large crude carriers (VLCCs)
Venezuela’s oil industry moves beyond PDVSA as private operators gain control
Venezuela’s oil sector is undergoing its biggest structural change in decades, with new agreements allowing private companies to take direct responsibility for production and reducing the operational role of state-owned PDVSA
NABEP plans $5bn reinvestment to overtake Chevron in Venezuela
North American Blue Energy Partners (NABEP) plans to channel almost all its cash flow into expanding Venezuelan oil production, with founder Alejandro Betancourt targeting output of more than 1mn barrels per day (bpd) by 2033
NABEP installs 1,149 kilometres of pipelines in Venezuela’s Lake Maracaibo
North American Blue Energy Partners (NABEP) has installed 1,149 kilometres of flexible pipelines along the eastern shore of Lake Maracaibo since starting operations in the area in 2024
Colombia moves to revive Venezuela gas pipeline to diversify supply
Colombia has designated the rehabilitation of the Antonio Ricaurte gas pipeline linking the country with Venezuela as a strategic national project, advancing efforts to secure additional supplies amid concerns over long-term energy availability
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