NorthAmOil - North America Oil & Gas

Chord to sell non-operated Marcellus assets to POSCO for $550mn

US shale player Chord Energy has agreed to sell its entire non-operated position in the Marcellus shale play to POSCO International for $550mn.

Caturus unveils expansion plans for Commonwealth LNG

Privately held Caturus, which is backed by Kimmeridge, unveiled a proposal this week for an expansion of its Commonwealth LNG project on the Louisiana Gulf Coast.

ExxonMobil welcomes Rose carbon storage approval as part of CCS expansion

ExxonMobil has received a permit from Texas regulators for the Rose carbon storage site.

Australia's Santos strikes LNG deal on Canada's Ksi Lisims project

Australia’s Santos has agreed separate LNG deals with South Korea’s POSCO Steel and Canada’s proposed Ksi Lisims LNG project, expanding both the sales and supply sides of its Asia-Pacific portfolio.

Foreign oil and gas companies cautiously move forward in Venezuela

A number of foreign companies are advancing their plans to develop oil and gas in Venezuela.

Pemex renames Cuba oil shipper twice as crude exports quietly stop amid stalled US-Cuba energy talks

Mexican state oil company Pemex has renamed the company it uses to ship fuel to Cuba for the second time in under six months, while sharply scaling back exports to the island.

US broadens Venezuela energy push beyond oil

The US is looking to Venezuela for more than crude as it seeks to expand energy supplies in the Western Hemisphere and reduce dependence on the Middle East, with coal and the reconstruction of the country’s power grid also part of the strategy

US oil equipment heads to Venezuela as revival gains momentum

Venezuela’s expected oil revival is creating a new export market for US oilfield equipment, with drilling rigs, pumps and well-reconditioning machinery crossing the Caribbean as companies prepare for a potential $100bn rebuilding programme

US eases Venezuela oil transactions while keeping Citgo curbs

The Office of Foreign Assets Control issued General License 52C on September 14, replacing an earlier framework and permitting certain transactions involving Petróleos de Venezuela SA

Venezuela to join G20 energy talks as US seeks western hemisphere oil

Venezuela will send officials to this week’s G20 energy meetings in Houston, bringing Caracas into a gathering of major economies and oil producers as the US seeks to expand energy cooperation in the Western Hemisphere

US silence threatens to derail Spain’s Betancourt money-laundering case

Judge Santiago Pedraz has waited nearly a year for US authorities to act on a request to question five people convicted in America over a corruption scheme involving Venezuela’s state oil company, PDVSA

Nabep targets 500,000 bpd in Venezuela by 2028

North American Blue Energy Partners plans to sharply expand crude production in Venezuela, targeting 500,000 barrels per day (bpd) by the end of 2028 as the company seeks to build on rapid growth over the past two years

Australia’s Santos inks two LNG supply deals

Australian LNG developer Santos has agreed to LNG supply deals with South Korea’s POSCO Steel and US-based Western LNG.

Ukraine’s Naftogaz signs MoU with Kino Aski LNG to explore importing Canadian LNG

Ukraine’s state-run Naftogaz has agreed to a Memorandum of Understanding with Kino Aski LNG to examine potential cooperation on imports of Canadian LNG to Europe.

Venezuela’s oil revival sends US auction gear back into service

Venezuela’s push to revive its oil industry is creating a new market for used US equipment, as companies gather trucks, pumps, workover rigs and other machinery for shipment to the South American producer

Venezuela’s Rodriguez shuffles trade, energy officials

The government also appointed Radamés Gómez Azuaje as vice minister for hydrocarbon geopolitics, adding a new senior official to the team responsible for Venezuela’s energy strategy

Venezuela, Suriname sign deals to deepen trade and energy cooperation

Venezuela will provide expertise in oil and gas exploration and production, as well as technical training for Suriname’s energy industry

Spanish LNG imports climb 11% year on year in August

Spanish LNG imports rose by around 10.6% year on year in August, as the US overtook Algeria to become the country's largest gas supplier during the month.

Qatar holds talks with US firms for LNG deals through 2031

Negotiations come after Qatar recently extended force majeure on deliveries to November.

Chinese teapot refiners ramp up purchases from West Africa, Canada and South America

Chinese independent refiners are stepping up purchases of crude from West Africa, Canada and South America as supplies from Iran and Russia tighten, helping push spot premiums to multi-month highs.

Lithuania's Ignitis plans 10 US LNG cargoes from EQT in 2027-36 deal

Repsol says it’s fully committed to Venezuela as oil output rises

Repsol is maintaining its commitment to Venezuela as the country’s energy sector begins to recover, with the Spanish company seeking to sustain gas supplies for electricity generation while expanding hydrocarbon production

Colombia’s GeoPark plans $6.8bn investment in Venezuela’s Bare oil field

Colombian oil producer GeoPark plans to invest $6.8bn over 25 years to develop Venezuela’s Bare field in the Orinoco Oil Belt, while keeping its focus on potential unconventional projects at home, Chief Executive Officer Felipe Bayón said

Rubio defends Venezuela oil pact as US pushes out foreign powers

US Secretary of State Marco Rubio defended Washington’s new energy agreement with Venezuela, presenting the deal as a strategic shift that replaces the influence of China, Russia and Iran in the Western Hemisphere with US companies

Citgo faces new leadership uncertainty as Venezuela moves to reclaim control

Citgo Petroleum is approaching another change in Venezuelan oversight as the government of interim President Delcy Rodríguez moves to dismantle the opposition-backed structure that has supervised the US refiner since 2019