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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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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
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”
Canada's Gas Liquids Engineering completes detailed engineering for Alberta CCS hub
Gas Liquids Engineering (GLE) has finished detailed engineering work on Enhance Energy's Origins carbon capture and storage (CCS) hub near Clive, Alberta, the Calgary-based company said in a press release distributed via PR...
US LNG firm Venture Global targets up to 10 GW of behind-the-meter power at own sites
Venture Global (NYSE: VG) has signed frame agreements with GE Vernova and Baker Hughes Energy Services for up to 16 new 720 MW power island units, the US liquefied natural gas (LNG) exporter said in a statement on October 15.
US firms plan offshore gas-powered data centre platforms
Riverway Group and Offshore Data Center, two Houston-based companies, will jointly design offshore platforms that burn stranded natural gas to run data centres sited at the wells, the firms announced in a press release on...
US oil producer Matador completes Ridge Runner acreage deal
Matador Resources Company (NYSE: MTDR) has closed its purchase of about 13,600 net acres from Ridge Runner Resources II, LLC.
Shell to buy into Equinor’s Bay du Nord project offshore Canada
Norway’s Equinor has signed an agreement whereby Shell will acquire a 30% interest in the Bay du Nord project.
Devon to exit Eagle Ford with $4.2bn sale to Crescent
Devon Energy has struck a deal to sell its Eagle Ford assets to Crescent Energy, which is backed by KKR & Co., for around $4.2bn in cash.
Cenovus agrees to acquire Athabasca as part of oil sands consolidation trend
Cenovus Energy has struck a deal to acquire Athabasca Oil in a deal valued at $4bn.
Coinbase co-founder bets on Venezuela oil revival
Fred Ehrsam, the billionaire co-founder of Coinbase, is backing a new oil venture in Venezuela, betting that private capital and technical expertise can revive production in a country with some of the world’s largest petroleum reserves
Primavera recruits oil industry veterans to prepare for Venezuela field operations
Primavera is assembling an experienced management team as the Houston- and Caracas-based company prepares to begin operating Venezuelan oil fields under agreements signed with the country’s hydrocarbons ministry and state oil company
New charges deepen legal jeopardy for Venezuela’s former oil chief El Aissami
Tareck El Aissami, once one of Venezuela’s most influential officials, faces an expanding criminal case as speculation grows that the government of interim President Delcy Rodríguez could transfer him to US custody
Venezuela banks on oil and mining to finance debt restructuring
Venezuela is looking to oil and mineral revenues to finance an economic recovery and prepare for a potential restructuring of between $150bn and $200bn in external debt, according to a plan presented to the International Monetary Fund
US considers more strategic financing for Argentinian oil and gas projects
The US is considering expanding financing for oil and gas, mining and infrastructure projects in Argentina beyond the $7bn framework announced by its Ex-Im Bank in September, while also exploring the use of strategic funds from the Pentagon.
Oman overtakes US as India's largest LNG supplier amid Hormuz disruption
Oman overtook the US as India's largest supplies of LNG in September, as disruption to shipments through the Strait of Hormuz continued to reshape the country's import arrangements.
Bermuda-based Golar secures LNG carrier for fourth floating liquefaction project
Bermuda-based Golar LNG has agreed to acquire the Grace Dahlia LNG carrier from Japan's NYK Line for conversion into its fourth floating LNG (FLNG) production facility, scheduled for completion in 2029.
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