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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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Suncor plans to boost output by 100,000 bpd by 2028, pivot to in-situ oil sands production
Canada’s Suncor Energy has unveiled plans to boost its production by 100,000 barrels per day by 2028 and increase its share of in-situ output while scaling back the share that comes from mining over the longer term.
Speculation grows about US shale drillers ramping up activity
Speculation has been growing over the likelihood of US shale producers stepping up drilling.
US allowing Russian oil cargo to Cuba is ‘humanitarian’, not policy shift
A Russian oil tanker has reached Cuba with a cargo of crude, marking the first significant delivery to the island in months and highlighting a limited but notable shift in US enforcement of its sanctions.
Santos reports positive results from Alaska’s Quokka-1 appraisal well
Australia’s Santos has completed its Quokka-1 appraisal well on Alaska’s North Slope.
Caturus achieves full commercialisation of Commonwealth LNG
Caturus has completed the commercialisation of its planned Commonwealth LNG project on the US Gulf Coast and is closing in on a final investment decision.
US concerns stall Citgo sale as political risks mount
A planned transfer of control of Citgo Petroleum, Venezuela’s most valuable overseas asset, has run into delays amid mounting reservations within the Trump administration over pricing and political fallout
Venezuela seen entering sustained recovery by 2026, analyst says
Venezuela’s economy is poised to enter a phase of sustained recovery by 2026, underpinned by energy sector liberalisation and updated legal frameworks, according to Luis Vicente León, president of market research company Datanálisis
Venezuela pauses US legal fight to protect Citgo and other key assets
At the core of the dispute is the question of legal representation, as both sides must determine who is authorised to speak for Venezuela in US courts
India boosts Venezuelan oil imports to six-year high amid supply shift
The volumes, the highest since February 2020, reflect a longer-term diversification effort rather than a short-term reaction to recent disruption
India replaces China as top buyer of Venezuelan crude under US oversight
The increase has been underpinned by higher imports of diluents used to process Venezuela’s heavy crude, with nine cargoes arriving in March compared with seven in February
OPEC+ sets symbolic quota rise as Hormuz closure bites
OPEC+ has agreed a modest increase in oil production quotas from May, a move that is more about signalling future intent than shifting near‑term supply
Taiwan secures LNG supply assurances from a ‘major’ country
Taiwan has received assurances over LNG supplies from a major producing country, according to the island’s economy minister, as concerns grow over the impact of the Iran war on energy imports from the Middle East.
Golden Pass targets mid-April to load first cargo
Feedgas flows to the giant LNG export terminal have soared ahead of first cargo loading.
Japan’s JERA annuls deal with Commonwealth LNG
Japan’s largest energy company JERA has terminated its long-term LNG sales and purchase agreement with US developer Commonwealth LNG.
Shell weighs expanded Venezuela gas push as talks advance
The London-based energy group is aiming to take a final investment decision on Dragon by the end of the year, while simultaneously assessing nearby zones linked to the Mariscal Sucre development
US appeals court backs Argentina in YPF case
An appeals court in New York has overturned a multibillion-dollar judgment against Argentina in a long-running dispute over the nationalisation of oil and gas company YPF
OFAC clarifies compliance rules for Venezuela energy and mining Operations
The clarification reinforces that limited activities remain permitted under specific licences, while detailing how non-US companies can operate without breaching restrictions
Sable restarts oil sales from Santa Ynez Unit platforms offshore California
Sable Offshore has restarted oil sales from the Santa Ynez Unit offshore California, while also ramping up production at the unit by bringing a second platform online.
Cheniere achieves substantial completion on Train 5 of Corpus Christi LNG Stage 3
Leading US LNG producer Cheniere Energy has achieved substantial completion on Train 5 of the Corpus Christi Liquefaction Stage 3 expansion project.
US gasoline prices rise above $4 per gallon
Average gasoline prices in the US rose above $4 per gallon ($1.06 per litre) this week.
Golden Pass terminal produces first LNG
The Golden Pass LNG export terminal on the Texas Gulf Coast has produced its first LNG, marking substantial completion of construction and commissioning at Train 1.
Cyclone shuts down Australian LNG plants further squeezing supply
Around 8% of the world’s LNG supply was disrupted by cyclone Narelle off the western coast of Australia.
Brazil plant drives offshore push
NOV, a Houston-based company tha provides oilfield equipment and technologies, said it will invest $200mn to expand its subsea flexible pipe plant in Açu, Brazil, aiming to increase capacity to meet offshore demand linked to deepwater projects.
Venezuela oil overhaul faces investor scepticism despite US push
US officials say control over Venezuela’s oil revenues will help keep Caracas aligned with global partners until elections are held
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