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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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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
India remains uncertain about LNG supply from Qatar
Petronet is sounding the alarm as QatarEnergy examines its force majeure status on a month-to-month basis.
Venezuela refinery output rises as PDVSA says gasoline needs are met
Venezuela’s state oil company is processing about 350,000 barrels of crude a day at its refineries, enough to cover domestic gasoline consumption, according to PDVSA president Hector Obregon
India’s ONGC gets US licence to return to Venezuela oil projects
India’s biggest oil and gas producer is preparing to deepen its involvement in Venezuela after receiving authorisation from the US Office of Foreign Assets Control, according to Indian media reports
Venezuela plans 56.6mn cubic metres of gas supply to power system by December
Venezuela plans to increase methane gas supplies to its thermal power network, targeting deliveries of about 56.6mn cubic metres to the domestic market by December
Venezuela grants BP, XRG and UCC gas licenses for Lorán field
Venezuela granted gas exploration licences to BP, Abu Dhabi-based XRG and Qatar’s UCC, expanding a push to attract international energy companies under interim President Delcy Rodríguez
Analysts predict mid-to-high $80s per barrel oil prices for this year
Oil price forecasts for 2026 are converging around the mid-to-high $80s per barrel after months of extreme revisions triggered by the Middle East conflict.
XRG joins BP-led development of Venezuela’s Loran gas field
XRG, the investment arm of Abu Dhabi National Oil Co., is set to enter Venezuela’s offshore gas sector through the development of the Loran field, strengthening the United Arab Emirates’ presence in Latin America’s energy industry
Yokogawa wins automation role at West Virginia Frontieras facility
As main automation contractor, Yokogawa will take full responsibility for the facility’s automation and control infrastructure.
Canada's Zelfiro starts plugging orphaned wells to tackle methane emissions
Canada’s Zefiro Methane has begun plugging orphaned oil and gas wells in Oklahoma under a new nationwide partnership with the US Well Done Foundation, as the environmental services company expands its methane-abatement business across the US.
EDF calls for more climate finance to tackle oil and gas methane
The IEA estimates that around 70% of methane emissions from fossil fuels, or almost 85mn tonnes per year, could be eliminated using existing technology.
US Gulf lease sale generates $82.7mn in high bids
The latest auction for oil and gas leases in the federal waters of the US Gulf of Mexico generated nearly $82.7mn in high bids this week.
Phillips 66, Kinder Morgan, HF Sinclair take FID on Western Gateway pipeline
Phillips 66, Kinder Morgan and HF Sinclair have made a final investment decision on the Western Gateway pipeline project.
Canada’s oil sands giants proceeding with caution despite oil price boost
Canada’s leading oil sands producers are still viewing future growth opportunities with caution.
Venezuela-US trade more than doubles to $9.5bn in first half
Trade between Venezuela and the United States more than doubled in the first half of 2026, reaching $9.529bn as oil flows drove a sharp expansion in bilateral commerce
UNDP sees Venezuela GDP expanding 6.5% in 2026 despite inflation
Venezuela’s economy is on track to expand about 6.5% this year, according to the United Nations Development Programme, as stronger oil output, recovering commerce and increased access to foreign currency support growth despite elevated inflation
US fuel imports expose Cuba’s widening energy divide
US fuel shipments to Cuba’s private sector are providing limited relief from an energy shortage while fuelling a costly resale market, as Havana moves to loosen state control over the industry
UK's PX to handle LNG terminal in Bahamas
UK-based PX Group has been appointed to operate and maintain the LNG import and regasification terminal under development at Clifton Pier in New Providence, the Bahamas.
US Delfin LNG dishes out survey contract to Texas's TDI-Brooks
Houston-based Delfin LNG has awarded Texas’s TDI-Brooks a contract for geophysical and geotechnical survey work for its Delfin Deepwater Port LNG export project offshore Louisiana.
Venezuela’s energy potential could draw $150bn, former PDVSA board member says
Toro Hardy said the easing of US sanctions is aimed at encouraging higher Venezuelan production and strengthening energy security as instability in other producing regions persists
Venezuela oil revenue fund faces scrutiny over lack of transparency, NGO says
Venezuela’s oil revenues are being channelled through a US-controlled fund with limited public disclosure over how much money it holds or how much has been transferred to the government in Caracas, according to Transparency Venezuela
US Treasury officials meet Venezuela’s Rodríguez as power outages threaten oil revival
US Treasury officials met with Venezuela’s interim President Delcy Rodríguez in Caracas as persistent electricity shortages complicate Washington’s push to revive the country’s oil industry
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