NorthAmOil - North America Oil & Gas

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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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BP’s Whiting refinery hit by flooding

21 August 2025

BP’s refinery in Whiting, Indiana, has had its operations disrupted by flooding this week.

Cenovus, Enbridge accused of greenwashing in complaint to Alberta Securities Commission

21 August 2025

Oil sands producer Cenovus Energy and pipeline operator Enbridge have been accused by shareholder advocacy group Investors for Paris Compliance (I4PC) of misreporting disclosures related to their net zero commitments.

Centrica signs gas deal with Devon

21 August 2025

Centrica Energy has entered into a natural gas sale and purchase agreement with US shale producer Devon Energy.

Talos announces Daenerys discovery in US Gulf

21 August 2025

Talos Energy has discovered hydrocarbons at the Daenerys exploration well in the US Gulf of Mexico.

Caution continues among US shale drillers

21 August 2025

US shale drillers continue to act with restraint, exercising caution in the face of market uncertainty and shareholder pressure, but are able to exceed performance expectations thanks to efficiency gains.

Guyanese oil output expected to flourish as Americas' outlook revised down

21 August 2025

Oil production across the Americas is projected to reach 63mn barrels of oil equivalent per day by 2031, representing a 7% increase from 2024 levels, according to Westwood Global Energy Group's latest Wells & Production Outlook.

US judge lets Citgo auction overseer weigh fresh bids before final ruling

20 August 2025

A US federal judge has allowed the official supervising the sale of Citgo Petroleum’s parent company to consider fresh offers, adding a new twist to a process that has stretched on for years

Amber Energy secures preliminary bondholder deal as Venezuela’s Citgo auction advances

18 August 2025

Holders of Venezuela’s defaulted 2020 PDVSA bond have reached a preliminary agreement with Amber Energy, a unit of hedge fund Elliott Investment Management, as part of an enhanced offer submitted by Citgo Petroleum’s parent company

Venezuelan non-oil exports to the US hold steady amid global trade slowdown

18 August 2025

González Velutini, president of the Venezuelan Exporters Association (AVEX), stressed that while Venezuelan tariffs remain comparatively moderate, the country cannot fully escape the pressures of a disrupted global economy

Chevron sends first Venezuelan crude shipments to US under new license

18 August 2025

Chevron Corp has dispatched its first two cargoes of Venezuelan crude to the United States after Washington eased restrictions on its operations in the country,

Venture Global wins arbitration case with Shell over delayed cargo deliveries

18 August 2025

Venture Global’s court victory over Shell has given the company confidence it will win its remaining court cases and has boosted the firm’s beatdown share price.

US oil and gas attention could turn to Canada

14 August 2025

Reports of growing interest in Canadian oil and gas assets come as US shale matures

TotalEnergies passes on investing in NextDecade’s Rio Grande Train 5

14 August 2025

France’s TotalEnergies has chosen not to finance NextDecade’s fifth liquefaction unit at its Rio Grande LNG export terminal even as it prepares to commit equity to Train 4 at the project.

Occidental makes progress on asset sales, debt reduction

14 August 2025

Occidental Petroleum has signed four agreements to sell certain assets in the Permian Basin for combined proceeds of around $950mn.

Amber Energy tables $8.8bn offer in Citgo auction’s final stretch

14 August 2025

Amber Energy, a unit of Elliott Investment Management, has entered a late bid exceeding $8.82bn for shares in Citgo Petroleum, as the court-supervised auction nears its conclusion

Chevron resumes Venezuelan exports, regains authorisation to import to US

14 August 2025

Chevron Corp. has restarted Venezuelan crude shipments to the United States after a months-long pause, with the first cargo under its new restricted licence set to depart this week.

Stone Ridge to buy Anadarko Basin assets from ConocoPhillips for $1.3bn

13 August 2025

Stone Ridge Energy has agreed to acquire assets in Oklahoma from ConocoPhillips for around $1.3bn.

Chevron resumes Venezuelan oil exports to US under new curbs

13 August 2025

Chevron Corp. has restarted Venezuelan crude shipments to the United States after a months-long pause, with the first cargo under its new restricted licence set to depart this week

Venezuela’s Citgo auction sees Vitol challenge Gold Reserve’s lead with higher offer

13 August 2025

The battle for control of Citgo Petroleum, Venezuela’s prized US refining asset, has intensified as a Vitol subsidiary pushes to dislodge a Gold Reserve-led consortium from pole position in the court-ordered auction

Chevron’s Venezuela waiver poised to ease heavy crude shortage on US Gulf Coast

13 August 2025

Gulf Coast refiners, many designed to handle heavier grades, have been squeezed by the loss of Venezuelan barrels

Asia drives global refining capacity growth

12 August 2025

Global refining capacity is rising despite a decline in the number of refineries, with Asia and the Middle East leading growth through large, integrated projects.

Pakistan strikes oil deal with US as Trump targets India

11 August 2025

Announced in Washington by President Donald Trump, the deal includes US participation in developing Pakistan’s oil reserves and a significant cut in tariffs on Pakistani exports to America.

Chinese LNG shipbuilding could be boosted by new US rules

11 August 2025

The rapid expansion of United States LNG exports, championed by the Trump administration, could be undermined by new trade rules from the same administration aimed at reviving domestic shipbuilding and countering China’s dominance in the sector.

Chevron tankers head to Venezuela as oil shipments close to resuming

11 August 2025

At least three Chevron-chartered tankers are en route to Venezuelan waters to load crude for US refineries later this month, following a fresh US Treasury licence allowing the company to resume limited operations in the sanctioned country

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Edited by

Anna Kachkova

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