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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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Texas oil and gas employment drops in July
Oil and gas employment in the upstream sector in Texas declined by 1,200 jobs between June 2026 and July 2026.
Tallgrass announces open seasons for Pony Express, Seahorse pipeline capacity
US midstream player Tallgrass released separate announcements last week about open seasons on two of its pipelines.
Enbridge makes moves to drive infrastructure expansions
Enbridge is taking new steps to drive infrastructure expansions for both oil and natural gas.
SLB gains access to Venezuela oil data in PDVSA modernisation deal
SLB has secured access to Venezuela’s oilfield data under a new agreement with state-run PDVSA, giving the US oil-services company a role in rebuilding and modernising information systems that have deteriorated after years of underinvestment
Venezuela seeks more light crude to support oil growth
Venezuela is stepping up efforts to explore lighter crude and condensate as it seeks to raise overall oil output, Energy Minister Paula Henao told potential investors in Houston earlier this month
Australia's Woodside drops Scope 3 emissions targets as part of renewed focus on core operations
Australia’s Woodside Energy has abandoned two 2030 targets linked to Scope 3 emissions and clean energy investment as it sharpens its focus on its core oil and gas business.
Equinor targets 27% rise in production outside Norway by 2030, led by US, Brazil, Angola
Equinor is targeting equity oil and gas production outside Norway of 950,000 boed by 2030, up about 27% from 750,000 boed in Q2 2026, as it concentrates investment in a smaller portfolio led by the US, Brazil and Angola.
Venezuela oil output hits 1.23mn barrels a day as investment expands
The country has signed almost 50 investment agreements covering more than 76 hydrocarbon production areas, according to Rodríguez. She said crude production continued even after the June earthquakes, which killed at least 6,509 people
Continental, Mercuria plan $4bn investment in Argentina’s Vaca Muerta
US oil producer Continental Resources and Swiss commodities trader Mercuria are planning to invest about $4bn over five years to expand oil production in Argentina’s Vaca Muerta shale formation.
South Korea’s Hanwha Aerospace expands US LNG operations
South Korean defence group Hanwha Aerospace Co. (012450.KS) will establish a US subsidiary to manage its liquefied natural gas (LNG) operations as it builds out its global energy supply chain, the company announced on August 25.
Venezuelan billionaire under investigation emerges in energy revival push
Alejandro Betancourt, the Venezuelan billionaire with two UK properties worth a combined $79.mn, is emerging as a prominent intermediary as Caracas seeks to revive its energy industry and attract foreign investment
Venezuela’s oil export recovery runs into port capacity constraints
Venezuela’s effort to raise oil exports is facing a logistical hurdle: its ageing maritime infrastructure is struggling to keep pace with renewed production and international demand
Venezuela oil industry opens to foreign capital as recovery hinges on investment
Venezuela’s oil industry is attracting renewed interest from international companies as regulatory changes and eased US restrictions create more room for foreign investment, though major infrastructure and policy hurdles remain
Venezuela economy seen growing more than 10% in 2027 on oil investment
Venezuela’s economy could expand at a double-digit pace in 2027 as renewed investment drives a recovery in oil production, according to Alejandro Grisanti, director at consulting firm Ecoanalítica
Oil prices see modest decline on August 24 despite Washington's threat of new Iranian sanctions
Oil prices fell by around 2% on August 24 as traders took profits following two weeks of gains and awaited details of new US sanctions against Iran.
Venezuela’s idle drilling rigs draw interest as oil industry seeks to expand
Venezuela’s effort to increase crude production is beginning to draw investment towards dormant drilling equipment, with SLB and Formentera Partners working on plans to bring more rigs into operation or import additional units
Venezuela’s idle drilling rigs draw interest as oil industry seeks to expand
Venezuela’s effort to increase crude production is beginning to draw investment towards dormant drilling equipment, with SLB and Formentera Partners working on plans to bring more rigs into operation or import additional units
Venezuela looks to Shell technology as it pushes to revive gas industry
A Venezuelan team was briefed on Shell’s technical and operational capabilities, including offshore exploration, reservoir management and technologies used in complex energy projects
Venezuela returns to SBO’s radar as oil industry seeks new equipment
Venezuela is emerging again as a potential market for oilfield equipment as international companies move to rebuild an energy industry that has suffered years of underinvestment
Venezuela’s oil comeback draws early US interest as investors weigh risks
Venezuela is trying to turn a recovery in oil production into a broader revival of its energy industry, with smaller US companies beginning to take positions despite lingering concerns over infrastructure, regulation and the protection of investments
US says it has diverted 70 ships enforcing Iran blockade
US Central Command says it has diverted 70 commercial vessels and disabled three since resuming its naval blockade of Iran, which Tehran says has halted its oil exports.
Canada’s proposed Churchill LNG export terminal estimated to cost $80 billion
Studies reveal ice class tankers can navigate Hudson Bay but will require an offshore terminal.
Targa announces new Permian-focused midstream agreements with ExxonMobil, infrastructure investments
Targa Resources has executed new long-term, integrated midstream agreements with subsidiaries of ExxonMobil and has announced a set of new midstream infrastructure investments.
Fuel demand slumps across Mexico's border states as US refinery closures loom
Retail fuel demand across four northwestern Mexican states fell sharply in June, with combined gasoline and diesel sales dropping 13% year-on-year to around 137,500 b/d from 158,500 b/d.
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