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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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US energy policy helped reshape Venezuelan oil trade, Burgum says
US Interior Secretary Doug Burgum said President Donald Trump's energy strategy has reshaped global oil markets and delivered benefits to both Venezuela and American consumers, pointing to changes in international crude flows
US energy policy helped reshape Venezuelan oil trade, Burgum Says
US Interior Secretary Doug Burgum said President Donald Trump's energy strategy has reshaped global oil markets and delivered benefits to both Venezuela and American consumers, pointing to changes in international crude flows
Venezuela debt overhaul becomes flashpoint in US-China strategic rivalry
Venezuela's planned restructuring of its sovereign and PDVSA debt is evolving into a geopolitical contest between the United States and China
India’s ONGC eyes expanded Venezuela role under new oil law
ONGC expects to sign agreements with Venezuela in the near term to operate two oil blocks under the country's new petroleum law
Venezuela seeks African energy investment
Coastal Bend LNG initiates pre-filing process with US regulators
Coastal Bend LNG has submitted a request to the US Federal Energy Regulatory Commission to initiate the pre-filing review for its proposed liquefaction project.
Williams to buy Momentum Midstream in $5.5bn deal
US pipeline operator Williams has agreed to acquire Momentum Midstream from the private equity firm EnCap Flatrock Midstream in a transaction valued at up to $5.5bn.
ExxonMobil, Chevron profits hit multi-year highs amid ongoing Middle East turmoil
Both ExxonMobil and Chevron have reported their highest profits in a few years for the second quarter.
Italy's Saipem, UK's Subsea7 clear key US antitrust approval
Italy’s Saipem and the UK’s Subsea7 have passed a key US antitrust milestone for their planned merger, although in-depth regulatory investigations in Europe and Australia remain obstacles to completing the combination.
Venezuela oil exports ease in July as US purchases reach highest since 2019
Venezuela's crude exports declined modestly in July after reaching a two-year high earlier in the quarter, although deliveries to the United States climbed to their strongest level since early 2019
Venezuela oil push awaits contracts despite Trump's early promise
Trump's plan to bring American energy companies back into Venezuela's oil sector has yet to produce a single new contract, highlighting the slow pace of a strategy that was expected to rapidly expand production in the South American country
Mexico’s LNG expansion reaches new stage, raising strategic and market questions
Mexico has entered a new phase in its ambition to become a liquefied natural gas (LNG) exporter after Energía Costa Azul completed its first commercial shipment on 8 July, marking the operational launch of the country’s second LNG export terminal.
Venezuela’s top court okays Halliburton to go back into the oilfields
A Supreme Court ruling restores seized assets to the US oilfield services giant, one of several signs Caracas and Washington are inching toward normalising an oil relationship governed piecemeal by sanctions licences since Nicolas Maduro's removal.
Venezuela gains VLCC market share as Hormuz disruptions reshape global oil trade
Disruptions to crude flows through the Strait of Hormuz have reshaped global Very Large Crude Carrier (VLCC) trade, allowing Venezuela to expand its share of long-haul oil shipments
US watchdog launches review of $13bn Venezuelan oil revenue fund
The inquiry follows requests from lawmakers for greater transparency over the management of the proceeds
Venezuela oil contract overhaul advances despite delays in final agreements
Venezuela is pressing ahead with the overhaul of dozens of oil joint ventures under its new hydrocarbons framework, even as outstanding permits and ancillary agreements continue to slow the completion of projects
Hunt oil signs Venezuela agreement to assess crude development opportunities
María Julia Aybar, the company's senior vice president and country manager for Peru and Latin America, said the Dallas-based producer views the initiative as an opportunity to expand its regional footprint
Chevron expects Venezuela to repay debt by early 2027 as output climbs
Chevron Corp. expects to recover all outstanding debt owed by the Venezuelan government by early 2027, Chief Financial Officer Eimear Bonner told investors during the company's earnings call on July 31
Canada’s Ksi Lisims finalises 20-year LNG contract with Uniper
Cargoes from the proposed project in British Columbia could begin being delivered by as early as 2032.
Eni sees fast-track expansion at Venezuela's Junín 5 amid contract talks
Chief Executive Claudio Descalzi said negotiations with Venezuelan authorities and the group's US partners had been constructive, underscoring the strategic importance of the Orinoco Belt asset
Shell, Phillips 66 reportedly weighing sale of Explorer pipeline stakes
Shell and Phillips 66 are reportedly exploring a potential a sale of their stakes in the company that owns the Explorer pipeline.
Devon reportedly considering Eagle Ford, Powder River asset sale
Devon Energy is reportedly exploring a sale of its assets in the Eagle Ford shale in Texas and the Powder River Basin in Wyoming.
US gas giant Expand’s evolution continues with Twin Eagle acquisition
Expand Energy is buying Twin Eagle Holdings for $1.25bn in a deal that will turn the US' largest gas producer into a leading gas marketer as well.
Venezuela's Rodríguez, US delegation review energy cooperation and earthquake response
Venezuela and the US have signed a Framework Confidentiality Agreement and a Technical and Financial Alliance between state-owned PDVSA and Shell
Venezuela's refining industry lags as oil output recovers
Venezuela's refining industry remains mired in disrepair despite a rebound in crude production and renewed interest from foreign energy companies, underscoring the scale of investment needed to restore the country's ageing fuel-processing network
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