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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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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.
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
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.
Diversified in talks to acquire Birch in Permian expansion
US producer Diversified Energy confirmed in a filing with the US Securities and Exchange Commission last week that it has held preliminary discussions on a potential acquisition of Birch Resources.
Solitude pipeline FID marks latest step in Permian gas pipeline expansion
WhiteWater and its partners have taken an FID on the Solitude pipeline system for transporting Permian gas as another wave of midstream expansion plays out in the basin.
Venezuela pitches US investors on oil and gas projects after legal overhaul
Venezuela is seeking to broaden its appeal to US energy companies beyond its traditional heavy-crude business, offering opportunities in lighter oil fields and natural-gas projects as Caracas seeks to attract capital under a revised legal framework
US targets Venezuela oil interests with sanctions on Sargeant-linked firm
The US has sanctioned a British Virgin Islands company linked to businessman Harry Sargeant III, adding pressure on corporate structures associated with Venezuela’s oil industry as Washington tightens its scrutiny of private-sector energy interests
Cisneros heirs accuse Venezuela of seizing oil rights for US company
The family of late Latin American businessman Oswaldo Cisneros has accused Venezuela’s government of improperly taking control of oil-drilling rights and preparing to hand them to a US producer
Venezuela growth accelerates as oil drives second-quarter expansion
Venezuela’s gross domestic product increased 7.14% from a year earlier in the three months through June, according to figures released by the Central Bank of Venezuela
Venezuela signs Hunt, SLB deals to develop eastern oil and gas fields
Venezuela signed an agreement with US-based Hunt Oil to develop two oil and gas fields in the eastern part of the country, as the government seeks to increase production from existing assets
US says half of Venezuela oil output now heads to American refineries
About half of Venezuela’s oil production is now being shipped to the US, US Energy under Secretary Kyle Haustveit said on August 18, underscoring a growing energy trade between the two countries
API and Mexico's IMP sign pact to align oil and gas standards, boost technical training
The American Petroleum Institute (API) and Mexico's Instituto Mexicano del Petróleo (IMP) have signed a memorandum of understanding aimed at deepening cooperation on industry standards, technical training and certification.
Canada revives plan to build LNG project in Quebec
First Nations group Kino Aski and Marinvest Energy Canada are reviving plans to build a major LNG project in Quebec.
Venezuela oil revival draws controversial intermediary to Washington
Alejandro Betancourt, a Venezuelan businessman and major shareholder of North American Blue Energy Partners, has become an important intermediary in Washington’s effort to draw US investment into Venezuela’s oil industry
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