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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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Maduro courts Trump as oil and deportations shape US-Venezuela relations
Venezuela’s Nicolás Maduro has reached out to Donald Trump following their re-election, framing Trump’s presidency as an opportunity for a mutually beneficial relationship after years of hostility.
Trump interested in jointly developing Arctic oil and gas with Russia
The US and Russia are looking at joint energy projects in the Arctic, as part of the ceasefire negotiation in Riyadh, Russia’s sovereign wealth fund boss Kirill Dmitriev told Politico on February 19.
Brazil set to join OPEC+ but says it will opt out of cartel's output cuts
Brazil has approved joining OPEC+, marking the country's emergence as a major oil producer just months before it hosts the UN climate conference.
EU to consider investing in foreign LNG projects to combat high energy prices
The European Union is mulling making financial investments in foreign-based LNG facilities amid a push to secure more reliable suppliers of the super-chilled fuel and thereby lower energy prices.
A US state is seeking to re-label natural gas ‘green’, a possible Trump-era trend
Indiana has launched a move to categorise natgas as green, in order to access federal funding. And the gas sector is now watching to see if three of the top-five gas producing states – Texas, Louisiana and West Virginia – will follow.
Diamondback to buy Double Eagle subsidiaries in Permian deal worth $4.1bn
Diamondback Energy will acquire certain subsidiaries of Double Eagle IV Midco in a Permian Basin deal valued at around $4.08bn.
Woodside negotiating with potential partners for equity stake in Louisiana LNG
Australia’s Woodside Energy is in the midst of talks with a handful of potential purchasers of equity stakes in its Louisiana LNG project.
Venture Global to begin commercial operations at Calcasieu Pass plant in April
US LNG producer Venture Global has notified its foundation customers that the firm’s Calcasieu Pass terminal in Louisiana has set a commercial operation date of April 15.
Trump approves energy council to boost US oil and gas production
President Donald Trump has signed an executive order forming the National Energy Dominance Council, which aims to expand US oil and natural gas production.
Trump okays Texas GulfLink Deepwater Port
The Trump administration has approved a deepwater port in Texas designed to handle daily oil exports of up to 1mn barrels, the Texas GulfLink Deepwater Port.
Trump gives green light to restart LNG export permit approvals
The US LNG exports sector received long-awaited good news with the approval on February 14 of the first LNG export permit granted by President Donald Trump since his return to the White House.
Maduro’s regime seeks US help to extradite opposition figures over alleged Citgo asset theft
Venezuela’s public ministry plans to formally request legal cooperation from the US to pursue corruption charges against several opposition figures, including the former National Assembly leader, Juan Guaidó.
US midstream and other oil, gas projects may get pricier with Trump’s latest tariffs
Oil and gas drilling equipment and pipelines are made of steel and aluminium. And with Trump's latest tariffs, building new transmission lines, which are necessary for rapidly growing gas-fuelled electricity, would get more expensive.
Colombia's Ecopetrol faces production cut as Petro pushes fracking exit
Colombia’s state-run oil company, Ecopetrol, could see daily output shrink by 90,000 barrels if it withdraws from its fracking operations in the US.
Taiwan considers Alaskan LNG to avoid US tariffs
Taiwan could become a buyer of LNG from Alaska in an effort to prevent the US from levying tariffs on the East Asian country.
ConocoPhillips plans production increase, $2bn in asset sales and $12.9bn capex
Oil major ConocoPhillips has said it aims to generate as much as $2bn through asset sales, a target largely expected to be met within the year. This follows its $22.5bn acquisition of Marathon Oil, which had been completed in November 2024.
US-China LNG trade and how tariffs might affect flow
The latest chapter in the storied history of US-China trade relations has opened with fresh tariffs from both sides. Most notably this includes a 15% tariff on US LNG that came into effect earlier in the week.
Trump’s newly elected cabinet promises to boost fossil fuels
The newly appointed heads of the US Energy and Interior Departments, along with the Environmental Protection Agency administrator, have as expected pledged to fulfil Trump’s ambition for "American energy dominance" and “Drill, baby drill."
Share of US natgas power production to fall to 39% in 2026
The US Energy Information Administration has said that it expects the share of US power generation from natural gas to fall from 43% in 2024 to 39% in 2026 as gas prices rise.
Colombia’s oil sector at a crossroads: challenges and opportunities in a changing market
The onset of 2025 has seen oil prices experience significant volatility, influenced by factors such as China's economic slowdown, increased output from non-OPEC+ nations, and new US sanctions on Russia's energy sector.
TotalEnergies expects financing from US in coming weeks for Mozambique LNG
French supermajor TotalEnergies believes financing from the US will come in the approaching weeks to move ahead with the $20bn Mozambique LNG project.
TotalEnergies pushes for Europe to secure long-term US LNG deal
French supermajor TotalEnergies is keen to assist with the sale of more US LNG to Europe, although the company’s CEO Patrick Pouyanne warned that it would be wise to do so via a long-term agreement.
Colombia's Ecopetrol faces potential $400mn penalty if it exits US fracking operations
Ecopetrol could face a penalty of between $300mn and $400mn if it moves forward with President Gustavo Petro’s call to exit its fracking operations in the US.
Polish chemical company Grupa Azoty signs deal for potential US gas supplies
Grupa Azoty, Poland's leading chemical company, has signed a letter of intent with American Gas Partners on potential gas supplies from the US.
Mexico's Pemex eyes Asia oil crude sales to dodge Trump tariffs, Mexico exports could be hit
Mexico's state oil company Pemex could avoid new – but delayed – US tariffs by redirecting crude exports to Asia, as US President Donald Trump's 25% levy on Mexican imports threatens its primary export market.
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