NorthAmOil - North America Oil & Gas

Permian Basin royalty firm EagleRock raises $320mn in IPO

EagleRock Land, a land management royalty company that controls surface acreage in the US’ Permian Basin, has raised $320.1mn in its initial public offering.

Keyera closes Plains acquisition despite challenge from Competition Bureau

Canada’s Keyera has completed the acquisition of Plains Midstream Canada despite Canada's federal Competition Bureau launching a challenge against the transaction.

Minerals player WhiteHawk files for IPO, discloses 615% revenue increase

Natural gas mineral and royalty business WhiteHawk has filed for an initial public offering (IPO) of its common stock.

Cheniere highlights impact of Middle East conflict in first-quarter earnings

Cheniere posted a first-quarter net loss of $3.5bn despite also achieving higher revenue and record quarterly exports.

US to account for two-thirds of EU LNG imports this year and 80% by 2028: IEEFA

Europe is becoming increasingly dependent on LNG from the US, with US supplies expected to account for around two-thirds of the continent’s LNG imports this year.

Bulgaria's Bulgargaz picks Shell for US LNG delivery

Bulgarian state gas supplier Bulgargaz announced this week it had selected Shell to deliver an LNG cargo from the US under a tender aimed at securing supply for the summer season.

EU set to soften methane regulation amid crisis

The EU is preparing to soften enforcement of its methane emissions rules for oil and gas imports as the Iran war drives renewed fears over Europe’s energy security.

Repsol receives first Venezuelan crude shipment under gas supply agreement

The arrangement is intended to secure the long-term sustainability of gas production at Cardón IV, the offshore project jointly operated by Repsol and Italy’s Eni

Ex-PDVSA chief El Aissami testifies in secretive Venezuelan corruption trial

Proceedings, which began on April 20 nearly two years after El Aissami’s arrest, are being held behind closed doors with no access granted to the press

Venezuela’s oil transparency push faces doubts as questions persist over PDVSA funds

Efforts by Venezuela’s new leadership to present a more transparent oil sector are drawing scrutiny as limited disclosures and allegations of past corruption continue to cloud the management of the country’s main source of revenue

Shell advances talks to export Venezuelan gas through Trinidad LNG hub

The discussions include development of the Dragón field, alongside possible advances in the Carito and Pirital fields in Monagas state and the cross-border Loran project shared between Venezuela and Trinidad and Tobago

George E. Warren enters Venezuelan oil market after US eases restrictions

The Florida-based company is set to export the Venezuelan crude shipment this month, marking its first acquisition since the United States relaxed restrictions in February

Iraq sees sharp decline in crude exports to US, EIA data shows

Iraq’s crude oil exports to the United States nearly halved in March compared with the previous month, according to data released by the US Energy Information Administration (EIA).

Chevron plans $10 bn investment project in Argentina’s Vaca Muerta under RIGI scheme

Chevron plans to submit a $10bn investment project in Argentina under the government’s large-scale investment incentive programme, economy minister Luis Caputo said.

World oil inventories falling fast towards hard operational floor

The world's oil buffer is disappearing faster than at any point in recorded history. Two months into the near-closure of the Strait of Hormuz, global inventories are drawing down at a pace that has already exceeded the previous quarterly record.

Fitch raises 2026-27 oil and gas price assumptions on prolonged Hormuz closure

Fitch Ratings has raised its 2026-2027 oil and gas price assumptions on a longer Strait of Hormuz closure, assuming reopening around July, with Brent expected at USD100-110 per barrel through July before falling to USD70 by September.

Mexico to invest MXN140bn ($8bn) in gas pipeline network over three years

Mexico's ECA LNG terminal to begin production in June, Sempra says

Rubio rejects Cuba oil embargo claims as US tightens sanctions

Washington later Venezuela from exporting oil to Cuba and warned countries supplying fuel to Havana that they could face tariffs under measures announced by President Donald Trump’s administration

Trump says Exxon, Chevron held talks on Venezuela opportunities

Speaking at an event at the White House, Trump said the meetings took place on Tuesday, May 5, with the presidents of both oil companies

Sentinel kicks off deepwater oil export terminal construction in US Gulf

Sentinel Midstream is beginning construction on its Texas GulfLink deepwater port project.

Scout offloads producing Anadarko Basin assets worth over $1bn

Scout Energy Partners announced on May 1 that it had sold off over $1bn in producing oil and gas assets located in the Western Anadarko Basin.

Trump administration to loan up to another 92.5mn barrels of SPR crude to oil companies

The administration of US President Donald Trump has issued a request for proposal (RFP) for an emergency exchange of up to 92.5mn barrels of crude oil from the country’s Strategic Petroleum Reserve (SPR).

Western Midstream to bulk up in Permian’s Delaware sub-basin with Brazos acquisition

Western Midstream Partners announced this week that it had agreed to acquire privately held Brazos Midstream’s assets in the Permian Basin’s Delaware sub-basin.

Venezuela targets 1.4mn bpd output, exports jump to seven-year high

Venezuela expects to increase crude production to 1.4mn barrels per day by the end of 2026, signalling a gradual recovery in its energy sector after years of contraction