NorthAmOil - North America Oil & Gas

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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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Canada’s Woodfibre LNG project reaches 65% completion

23 March 2026

Woodfibre LNG has reached two-thirds completion following the arrival of its 16th powerhouse module on site in Squamish, British Columbia.

Venezuelan bonds gain as US relaxes PDVSA restrictions

23 March 2026

The shift was reflected in prices, with the sovereign bond due in 2031 rising to 50.25 cents on the dollar, while PDVSA’s 2027 notes advanced to 35.35 cents

US extends Citgo shield as legal battles over Venezuelan debt drag on

23 March 2026

The US Treasury Department has prolonged protections for Citgo Petroleum, temporarily blocking creditors from seizing the Venezuelan-owned refiner as legal disputes tied to more than $20bn in claims continue to unfold

Venezuela’s oil shipments to Cuba tied to expansion of repressive apparatus, report says

23 March 2026

According to the study, deliveries peaked at roughly 105,000 barrels a day between 2008 and 2012

Panama Canal operating at full capacity amid Iran conflict

22 March 2026

The Iran conflict has pushed the Panama Canal to full capacity handling up to 38 ships per day.

Iran hits two Qatari LNG trains knocking out 17% of its export capacity

22 March 2026

Major attack on Ras Laffan plant damaged two of its 14 LNG trains as well as a gas-to-liquids facility.

Trump administration holds record lease sale in Alaska’s National Petroleum Reserve

19 March 2026

The administration of US President Donald Trump has held the most successful oil and gas lease sale to date in the National Petroleum Reserve-Alaska.

US to release 172mn barrels from SPR in co-ordination with IEA

19 March 2026

US President Donald Trump authorised the US Department of Energy to release 172mn barrels from the country’s Strategic Petroleum Reserve last week.

Venezuela oil output tops 1mn bpd as post-Maduro reforms and US ties reshape sector

19 March 2026

Venezuela’s oil sector is showing renewed momentum, with crude production rising close to 10% in February to surpass the symbolic threshold of 1mn barrels per day, according to figures from OPEC.

Canadian regulator projects long-term boom in domestic gas production

19 March 2026

A new report from the Canada Energy Regulator sees gas production rising across all presented scenarios.

US refiners ramp up Venezuelan crude intake as global oil flows shift

18 March 2026

Imports of Venezuela’s heavy crude — a key feedstock for complex Gulf Coast refineries — jumped sharply in early March, with volumes rising in a short span

Oil majors reassess Venezuela as price surge revives investment appeal

18 March 2026

Once labelled “uninvestable” amid political turmoil, the country is being reconsidered due to its vast reserves

US weighs broader sanctions relief to unlock Venezuela oil output

18 March 2026

The Trump administration is preparing additional measures to ease restrictions on Venezuela’s oil industry

PDVSA reappoints head of US units as Citgo control hangs in balance

18 March 2026

The appointment remains largely symbolic for now. Asdrúbal Chávez cannot assume effective control without authorisation from the US Treasury’s Office of Foreign Assets Control

US eases Venezuela oil sanctions as Iran war drives crude prices higher

18 March 2026

The Trump administration has issued a sweeping new sanctions licence allowing US companies to trade directly with Venezuela's state oil company, as surging crude prices driven by the conflict with Iran push Washington to hunt for new sources of crude

Japan’s JERA proposes LNG plant for Oahu as Tokyo grapples with energy strains

18 March 2026

Japan’s largest power generation company has set out plans to develop a liquefied natural gas-fired plant on Oahu, positioning the project as a lower-cost alternative to oil-based generation.

Japan eyes Alaska oil tie-up as supply risks mount

18 March 2026

Japan is preparing to use a forthcoming summit in the US to advance co-operation on crude production in Alaska, as Tokyo seeks to shore up energy security against mounting disruption linked to the conflict in Iran.

CIA advice and oil strategy shape Venezuela’s post-Maduro transition

17 March 2026

In the lead-up to the US operation that resulted in the capture of Venezuelan president Nicolás Maduro, intelligence officials sought guidance from former Chevron executive Ali Moshiri on potential leadership scenarios in Caracas

Venezuela channels $300mn oil windfall to social protection programmes

17 March 2026

Venezuela’s interim president, Delcy Rodríguez, said that the government had received $300mn in fresh revenues earmarked for a Social Protection Fund, derived from an extraordinary fuel-oil sale

Eni sees path for Venezuelan gas exports as sanctions ease

17 March 2026

Italian energy group Eni SpA is exploring renewed prospects for Venezuelan gas exports, signalling a gradual re-entry of the Caribbean nation into global energy markets under a US-backed interim administration

Venture Global’s Plaquemines LNG plant in Louisiana gets approval to raise exports

14 March 2026

Venture Global’s Plaquemines LNG has been granted authorization by US Secretary of Energy Chris Wright to increase exports by 13%.

Middle East conflict spurs LNG Canada to increase exports

14 March 2026

Shell-operated LNG has stepped up production and cargoes exports as buyers in Asia scramble for supply in the midst of the conflict in the Middle East.

Venture Global takes FID on Phase 2 of CP2 plant in Louisiana

14 March 2026

Company has raised $8.6bn in project financing for the expansion.

Venezuela’s oil revival hinges on winning back skilled diaspora

13 March 2026

Venezuela’s push to restore its once-dominant oil industry is increasingly tied not only to securing fresh capital but also to persuading thousands of specialised workers who left during years of political turmoil and economic hardship to return

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Edited by

Anna Kachkova

Editor

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