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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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Targa announces new Permian-focused midstream agreements with ExxonMobil, infrastructure investments
Targa Resources has executed new long-term, integrated midstream agreements with subsidiaries of ExxonMobil and has announced a set of new midstream infrastructure investments.
Diversified in talks to acquire Birch in Permian expansion
US producer Diversified Energy confirmed in a filing with the US Securities and Exchange Commission last week that it has held preliminary discussions on a potential acquisition of Birch Resources.
Solitude pipeline FID marks latest step in Permian gas pipeline expansion
WhiteWater and its partners have taken an FID on the Solitude pipeline system for transporting Permian gas as another wave of midstream expansion plays out in the basin.
Venezuela pitches US investors on oil and gas projects after legal overhaul
Venezuela is seeking to broaden its appeal to US energy companies beyond its traditional heavy-crude business, offering opportunities in lighter oil fields and natural-gas projects as Caracas seeks to attract capital under a revised legal framework
US targets Venezuela oil interests with sanctions on Sargeant-linked firm
The US has sanctioned a British Virgin Islands company linked to businessman Harry Sargeant III, adding pressure on corporate structures associated with Venezuela’s oil industry as Washington tightens its scrutiny of private-sector energy interests
Cisneros heirs accuse Venezuela of seizing oil rights for US company
The family of late Latin American businessman Oswaldo Cisneros has accused Venezuela’s government of improperly taking control of oil-drilling rights and preparing to hand them to a US producer
Venezuela growth accelerates as oil drives second-quarter expansion
Venezuela’s gross domestic product increased 7.14% from a year earlier in the three months through June, according to figures released by the Central Bank of Venezuela
Venezuela signs Hunt, SLB deals to develop eastern oil and gas fields
Venezuela signed an agreement with US-based Hunt Oil to develop two oil and gas fields in the eastern part of the country, as the government seeks to increase production from existing assets
US says half of Venezuela oil output now heads to American refineries
About half of Venezuela’s oil production is now being shipped to the US, US Energy under Secretary Kyle Haustveit said on August 18, underscoring a growing energy trade between the two countries
API and Mexico's IMP sign pact to align oil and gas standards, boost technical training
The American Petroleum Institute (API) and Mexico's Instituto Mexicano del Petróleo (IMP) have signed a memorandum of understanding aimed at deepening cooperation on industry standards, technical training and certification.
Canada revives plan to build LNG project in Quebec
First Nations group Kino Aski and Marinvest Energy Canada are reviving plans to build a major LNG project in Quebec.
Venezuela oil revival draws controversial intermediary to Washington
Alejandro Betancourt, a Venezuelan businessman and major shareholder of North American Blue Energy Partners, has become an important intermediary in Washington’s effort to draw US investment into Venezuela’s oil industry
India remains uncertain about LNG supply from Qatar
Petronet is sounding the alarm as QatarEnergy examines its force majeure status on a month-to-month basis.
Venezuela refinery output rises as PDVSA says gasoline needs are met
Venezuela’s state oil company is processing about 350,000 barrels of crude a day at its refineries, enough to cover domestic gasoline consumption, according to PDVSA president Hector Obregon
India’s ONGC gets US licence to return to Venezuela oil projects
India’s biggest oil and gas producer is preparing to deepen its involvement in Venezuela after receiving authorisation from the US Office of Foreign Assets Control, according to Indian media reports
Venezuela plans 56.6mn cubic metres of gas supply to power system by December
Venezuela plans to increase methane gas supplies to its thermal power network, targeting deliveries of about 56.6mn cubic metres to the domestic market by December
Venezuela grants BP, XRG and UCC gas licenses for Lorán field
Venezuela granted gas exploration licences to BP, Abu Dhabi-based XRG and Qatar’s UCC, expanding a push to attract international energy companies under interim President Delcy Rodríguez
Analysts predict mid-to-high $80s per barrel oil prices for this year
Oil price forecasts for 2026 are converging around the mid-to-high $80s per barrel after months of extreme revisions triggered by the Middle East conflict.
Cuba’s US fuel inflows reshape private energy market
US fuel exports to Cuba’s private sector have expanded into a small but growing distribution market, providing limited relief from the island’s energy shortages while also contributing to a costly black market
XRG joins BP-led development of Venezuela’s Loran gas field
XRG, the investment arm of Abu Dhabi National Oil Co., is set to enter Venezuela’s offshore gas sector through the development of the Loran field, strengthening the United Arab Emirates’ presence in Latin America’s energy industry
Yokogawa wins automation role at West Virginia Frontieras facility
As main automation contractor, Yokogawa will take full responsibility for the facility’s automation and control infrastructure.
Canada's Zelfiro starts plugging orphaned wells to tackle methane emissions
Canada’s Zefiro Methane has begun plugging orphaned oil and gas wells in Oklahoma under a new nationwide partnership with the US Well Done Foundation, as the environmental services company expands its methane-abatement business across the US.
EDF calls for more climate finance to tackle oil and gas methane
The IEA estimates that around 70% of methane emissions from fossil fuels, or almost 85mn tonnes per year, could be eliminated using existing technology.
US Gulf lease sale generates $82.7mn in high bids
The latest auction for oil and gas leases in the federal waters of the US Gulf of Mexico generated nearly $82.7mn in high bids this week.
Phillips 66, Kinder Morgan, HF Sinclair take FID on Western Gateway pipeline
Phillips 66, Kinder Morgan and HF Sinclair have made a final investment decision on the Western Gateway pipeline project.
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