NorthAmOil - North America Oil & Gas

LNG Energy signs deal for $200mn Venezuela oil venture

The companies plan to establish a new US-based joint venture company focused on existing and future Venezuelan energy blocks

US removes sanctions on two tankers tied to Venezuelan oil trade

The Treasury Department’s Office of Foreign Assets Control said the tankers Despina Andrianna and Magus had been removed from sanctions lists after an interagency review covering dozens of entities considered outdated

Chevron sees Venezuela output reaching 250,000 bpd within two years

The company projected a further 50% increase in production by the end of 2028 if authorities provide stronger legal guarantees and maintain favourable investment conditions

Rodríguez says more oil companies are preparing to enter Venezuela

The interim leader said new hydrocarbon companies will begin arriving in the country “in the coming weeks” as her government intensifies efforts to attract foreign and private investment following a rapprochement with the United States

GMO investor’s Venezuela bet delivers windfall after bond rally

When most investors abandoned Venezuela after its 2017 default, Tina Vandersteel moved in the opposite direction, steadily accumulating distressed bonds that many funds had already written off as worthless

Exxon and ConocoPhillips push for stronger guarantees in Venezuela return talks

The negotiations have gathered momentum alongside the Trump administration’s effort to revive Venezuela’s oil industry after Nicolás Maduro’s ouster

US, Thailand reportedly speed up talks on LNG supply

The US and Thailand are reportedly in talks over new long-term US-produced LNG supplies, which have accelerated in recent weeks.

Williams cautions over pipeline capacity constraining US LNG growth

Williams has warned that gas pipeline and storage capacity constraints could pose a bottleneck for US LNG growth.

NOG enters Canada with Duvernay acquisition

Northern Oil and Gas (NOG) has agreed to acquire a 25% non-operated interest in light oil assets located in Canada’s Duvernay shale play that are owned and operated by Parallax Energy Operating.

Venezuela debt restructuring could support oil sector recovery but faces major hurdles

ExxonMobil nears Venezuela return in major shift, ConocoPhillips still wary

Exxon Mobil is in talks to re-enter Venezuela nearly two decades after abandoning the country following the nationalisations carried out under former President Hugo Chávez, but ConocoPhillips remains unsure of entry to Venezuela's oil sector.

Venezuela is again one of Latin America’s top oil producers, exports to US highest since 2018

Venezuela consolidated its position as one of the three largest crude oil producers in Latin America and the Caribbean in January 2026.

Germany’s SEFE to ink major LNG deal with Canada’s Ksi Lisims project

Germany’s state-run gas importer Securing Energy for Europe is set to sign a long-term agreement to buy LNG from Canada’s Ksi Lisims project.

Ecoanalítica sees IMF role as key to Venezuela debt overhaul

According to the firm, a comprehensive restructuring will require the involvement of the International Monetary Fund (IMF) and a prior process of institutional and statistical normalisation

Venezuela ranks among Latin America’s top oil producers, report shows

The report said Venezuela, together with Brazil and Mexico, accounted for 70% of the region’s oil production, which totalled 361mn barrels during the month

Claver-Carone emerges as central figure in US strategy for post-Maduro Venezuela

He also played a role in discussions tied to the reopening of Venezuela’s oil sector and backing firms seeking involvement in the restructuring of the country’s $170bn debt

Vanguard deepens exposure to Venezuelan debt on restructuring expectations

Vanguard Group Inc. has significantly expanded its holdings of defaulted Venezuelan debt, making an unusually active move for an asset manager better known for passive index investing

Venezuela seeks stronger trade ties with India ahead of possible Rodríguez visit

US Secretary of State Marco Rubio said there are “opportunities with Venezuelan oil” in the Asian nation and described India as “a great ally and a great partner”

Colombia's GeoPark eyes Venezuela as Gilinski Group backing fuels regional expansion

The Bogotá-based producer has intensified its regional ambitions after Colombia’s Gilinski Group acquired roughly 24% of the company

Trump says Venezuelan oil windfall has offset cost of Iran conflict

President Donald Trump said revenue generated from oil seized during the US operation in Venezuela had more than compensated for the cost of the war in Iran

Venezuela emerges as key oil supplier to India amid gulf disruptions

Nearly half of India’s crude imports usually pass through the Strait of Hormuz, but the route has become inaccessible as the conflict escalate

IEA chief warns of oil markets entering "red zone" by July-August

Global oil markets could enter the “red zone” by July-August if additional Middle Eastern export supplies fail to materialise and inventories continue falling during the peak summer demand season.

Cheniere’s Corpus Christi plant produces first LNG from Train 6

Expansion of Texas LNG plant is ahead of schedule to be completed this year.

Exxon nears Venezuela return in major shift after Chávez-era exit

Exxon Mobil is in talks to re-enter Venezuela nearly two decades after abandoning the country following the nationalisations carried out under former President Hugo Chávez

Venezuela debt restructuring faces long timeline despite oil sector hopes

Venezuela’s effort to restructure its sovereign debt and liabilities tied to state oil company PDVSA is expected to take years, though analysts say progress toward an agreement could still improve confidence in the country’s oil industry