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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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Repsol seeks stable framework for Venezuelan gas operations, CEO says
Repsol Chief Executive Officer Josu Jon Imaz said the Spanish energy company is maintaining a “constructive and transparent” dialogue with authorities, including in the United States
CITGO wins $54mn in appeal over Venezuela oil seizure
The Second Circuit upheld a lower court’s decision requiring a syndicate of reinsurers, including several Lloyd’s underwriters, to pay out under a war-risk policy
Oil and gas explorer 88 Energy reports progress across portfolio, provides update for PEL 93 in Namibia
Australian oil and gas exploration company 88 Energy on October 30 provided a market update in its quarterly activities report for the period ending September 30, 2025.
Venezuela relations with Trinidad and Tobago deteriorate, gas deals suspended
Venezuela has suspended all gas and energy cooperation agreements with neighbouring Trinidad and Tobago after accusing the Caribbean two-island nation of aligning with the US amid rising regional tensions, Caracas officials said on October 27.
Saudi Arabia, Iraq top US Crude Imports from OPEC in July 2025
The US imported more than 20mn barrels of crude oil from OPEC countries in July 2025, according to newly released data from the US Energy Information Administration (EIA), with Iraq ranking as the second-largest exporter among the group
Trump administration reopens Alaska’s ANWR Coastal Plain to oil and gas leasing
The administration of US President Donald Trump has reopened the Coastal Plain of Alaska’s Arctic National Wildlife Refuge (ANWR) to oil and gas leasing.
Speculation rises over potential revival of Keystone XL pipeline from Canada to US
Canadian officials have recently raised the possibility of reviving the Keystone XL pipeline to the US.
Sable’s Santa Ynez offshore storage proposal in California to reportedly cost $1.7bn
Sable Offshore is exploring the option of using an offshore storage and treating vessel to market oil produced from the Santa Ynez project in waters off the coast of California.
Venezuela sustains crude shipments amid US Caribbean deployment
The country, home to the world’s largest oil reserves, has managed to sustain shipments through sanctioned and shadow channels, with Chevron and other firms operating under US exemptions continuing production
Venezuela threatens to end energy pact with Trinidad over US naval drills
Vice President Delcy Rodríguez announced the proposal following a meeting with oil industry officials, describing Trinidad and Tobago’s support for the US manoeuvres and the presence of the USS Gravely as an act of “aggression”
India boosts US oil imports to highest level since 2022
India’s crude oil imports from the United States have risen to their highest level since 2022, reflecting New Delhi’s strategy to diversify energy sources and ease trade frictions with Washington
US slaps heavy energy, financial sanctions on Russia
Secondary sanctions on China, India key to US efforts to clamp down on Russian oil exports
Their effectiveness, however, will depend heavily on the level of enforcement and on how far the US is prepared to pursue secondary sanctions against major economies such as China and India.
Tokyo Gas inks Letter of Intent for LNG from Alaska project
Tokyo Gas has signed a Letter of Intent with US developer Glenfarne for 1mn tonnes of LNG from the Alaska LNG project.
Venezuela accuses US of undermining gas deals with Caribbean nations
Rodríguez said Washington was “selling fantasies to a Caribbean government” in an effort to “steal Venezuela’s gas and hand it over"
EIA sees North American LNG export capacity more than doubling by 2029
Planned liquefaction capacity additions in North America will see total capacity across the continent more than double by 2029, the US Energy Information Administration (EIA) said last week.
US court rulings deepen legal battle over Citgo
A New York federal court has ordered Venezuela’s state-owned oil company, PDVSA, to pay $2.86bn to holders of defaulted bonds
US oilfield services firms SLB, Halliburton beat analyst expectations in third quarter
US-based oilfield services giants SLB and Halliburton both beat analyst expectations with their third-quarter results, released over the past week.
US utility CenterPoint to sell Ohio gas distribution assets for $2.6bn
Utility CenterPoint Energy has agreed to sell its Ohio natural gas local distribution company, Vectren Energy Delivery of Ohio, to National Fuel Gas for $2.62bn.
US pipeline player Williams to invest in Louisiana LNG project
US pipeline company Williams is partnering with Woodside Energy to invest in the Louisiana LNG project.
JERA to purchase US shale-gas assets for $1.5bn
Under the agreement, JERA will acquire 100% of the interests held by Williams Companies and GEP Haynesville II in the South Mansfield gas field, located in Louisiana’s Haynesville Shale basin.
India, US near major trade deal cutting tariffs to 15–16% if New Delhi will limit Russian crude imports
India and the United States are close to finalising a long-awaited bilateral trade deal that could sharply lower tariffs on Indian exports to about 15–16% from the current average of 50%
Venezuela tells Trinidad and Tobago to pay for gas, rejects US mediation
Venezuelan Vice President Delcy Rodríguez warned Trinidad and Tobago that they must pay for Venezuelan gas if they wish to access it
Venture Global gets approval to add natural gas in final block of Plaquemines
US LNG giant Venture Global has been given the green light by federal regulators to begin adding natural gas into the firm’s Plaquemines LNG plant.
Citgo and Venezuela urge court to dismiss Elliott subsidiary’s low bid
The challenge comes as the court works to finalise the sale of PDV Holding, Citgo’s parent company, to compensate up to 15 creditors affected by Venezuela’s debt defaults and expropriations
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