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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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South Korean officials say no agreement yet on Alaska LNG investment despite Trump announcement
South Korean officials warned this week that their country had not yet committed to investing in the proposed Alaska LNG project.
Centrica, Ksi Lisims LNG enter HoA for long-term LNG supply
The UK’s Centrica Energy has entered into a heads of agreement to buy 1mn tonnes per year of LNG from the proposed Ksi Lisims project in Canada.
MidOcean secures more than $4bn to fund LNG growth strategy
MidOcean Energy has secured more than $4bn to help fund its LNG growth strategy.
Venezuela oil exports drop 9% in September as freight costs rise
Venezuela’s oil exports declined almost 9% in September as higher maritime freight costs pushed buyers to seek deeper discounts and contributed to delays in loading cargoes
OPEC+ holds November oil supply steady as Venezuela backs market stability
OPEC+ will keep crude production unchanged in November, extending the supply level set in September for a second straight month as the alliance continues to monitor global market conditions
Eni, Repsol weigh outside investment in Venezuela’s Perla gas field
Eni SpA (Milan: ENI) and Repsol SA (Madrid: REP) are weighing a sale of part of their interests in Venezuela’s Perla natural gas project as they seek additional capital to expand the offshore field
Rodríguez meets Baker Hughes CEO on Venezuela gas projects
The discussions brought together Baker Hughes executives with representatives of Venezuelan-rooted Lindsayca and Canadian energy company New Stratus Energy, both of which have experience in gas developments
Brazil’s Eneva targets Venezuela gas with eye on power, liquids and mature fields
Brazilian energy producer Eneva SA (B3: ENEV3) is looking to turn Venezuela’s largely untapped natural gas resources into a range of commercial products
Venezuela oil exports to US surge 170% as Citgo returns
Venezuelan crude shipments to the US surged 170% in the first seven months of 2026, with Citgo Petroleum returning as a buyer after a seven-year absence and helping drive a sharp recovery in bilateral oil trade
Baker Hughes signs Venezuela deals to revive gas infrastructure
Baker Hughes (NASDAQ: BKR) agreed to partnerships aimed at rebuilding Venezuela’s natural-gas infrastructure and developing future oil and gas projects, expanding the energy technology company’s role across the country’s supply chain
Venture Global announces new offtake deal amid push for commercial operations at Plaquemines
US LNG developer Venture Global has signed a 20-year sales and purchase agreement with ConocoPhillips covering 1mn tonnes per year of LNG.
Mexican judge temporarily bars construction of Amigo LNG
A federal judge in the Mexican state of Sonora has issued a ruling that temporarily bars the previously authorised construction of the proposed Amigo LNG terminal in Guaymas.
AEC, Canadian firm GSMS agree to explore LNG and LPG supplies to Africa
The African Energy Chamber has signed a two-year memorandum of understanding with Canadian project developer and commodities broker GSMS to explore LNG and LPG supplies from Canada to African markets, initially targeting West Africa.
House Democrats seek answers on US stake in Venezuelan oil firm
Senior House Democrats are pressing the Trump administration for details of a US-backed Venezuelan oil agreement, escalating congressional scrutiny over a deal that could give Washington an equity position in North American Blue Energy Partners
Qatar’s UCC considers expanding Venezuela oil and gas presence
Qatar’s UCC Oil and Gas Holding is weighing a broader push into Venezuela, looking beyond the offshore gas venture that marked its entry into the country as the government seeks foreign partners to revive its energy industry
GeoPark seeks Venezuela diluent supply ahead of Orinoco start
GeoPark Ltd. is working with Venezuela’s state oil company on a supply arrangement that could determine how quickly it can ramp up its first project in the country
Venezuela oil revival draws interest despite power and output constraints
Venezuela’s push to revive its oil industry is attracting interest from foreign producers, but companies looking to expand are confronting infrastructure and operational problems that have already forced some to revise their plans
Canada’s energy regulator approves Trans Mountain tolls settlement
The Canada Energy Regulator announced this week that it had approved the tolls settlement for the Trans Mountain oil pipeline system.
BP reported to have explored acquisition of Devon assets before backing away
BP reportedly explored a potential acquisition of Devon Energy’s Eagle Ford shale assets in South Texas but ultimately decided not to proceed.
Shell takes FID on LNG Canada Phase 2
Shell and its partners have made a final investment decision on Phase 2 of LNG Canada.
Venezuela’s oil revival faces power, technology and talent shortages
Venezuela’s push to attract foreign investment and increase oil production faces major constraints in electricity, technology, supply chains and skilled labour, issues repeatedly highlighted at the Venezuela International Oil and Gas Summit
Venezuela’s oil deals keep billions outside public oversight
Venezuela’s system for managing strategic resources continues to rely on confidential agreements that keep significant flows of money outside conventional public oversight, with oil, gold and food imports forming three prominent channels
US eases some Venezuela energy restrictions with updated OFAC licences
The changes allow companies to advance work on prospective oil, gas, petrochemical and electricity projects, although some activities will still require separate approval from OFAC
Brazil’s Petrobras locks in US LNG supply for 22 years
Brazilian state-controlled oil company Petrobras has signed a 22-year agreement to purchase liquefied natural gas from US exporter Cheniere Marketing, securing about 800,000 tonnes per year under a free-on-board arrangement.
South Korea investment package turns towards Alaska LNG
South Korea’s large US investment package is increasingly being directed towards Alaska LNG, potentially giving the long-delayed project a major new source of financing despite lingering questions over its commercial viability.

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