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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-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
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
US oil firm Occidental eyes year-end launch of direct air capture CO2 project
US oil producer Occidental Petroleum is targeting the end of this year to begin full commissioning of its STRATOS direct air capture facility in Texas, with the project expected to transition into operations in 2027.
US disposes of two Venezuela-linked tankers in India scrap deal
Two oil tankers taken into US custody after Washington’s operation in Venezuela have been sold to a ship recycler and are headed for demolition in India, according to Lloyd’s List
EBID approves more than $510mn for West African infrastructure and finance projects
The ECOWAS Bank for Investment and Development (EBID) has approved five financing operations worth more than $510mn for transport, healthcare, renewable energy and financial-sector projects in Ghana, Guinea and Sierra Leone.
Trump administration pressures Florida oil donor to exit Venezuela
The Trump administration is moving to force Florida oil executive and Republican donor Harry Sargeant III to unwind his investments in Venezuela, freezing assets tied to his offshore company while allowing him to sell his interest
Venezuela crude output rises 11% from year earlier, PDVSA data show
Venezuela’s crude production climbed 11% from a year earlier to 1.221mn barrels per day (bpd) in July, although output fell 3% from June, according to figures from state oil company PDVSA
US rebuilds Strategic Petroleum Reserve through oil loans as SPR hits 43-year low
The International Energy Agency coordinated a release of 426mn barrels from its 32 member countries' emergency reserves — 301mn barrels of crude and 125mn of refined products — as the Iran war and the effective closure of the...
Excelerate Energy begins dredging work on Iraq’s first LNG import terminal
US LNG developer Excelerate Energy has begun dredging work on its floating storage and regasification unit for Iraq.
Gran Tierra sells Colombian, Ecuadorian oil assets to Maurel & Prom for $1.3bn including debt
Canadian oil and gas producer Gran Tierra Energy has agreed to sell its Colombian and Ecuadorean oil business to France's Maurel & Prom for $1.33bn, including debt, in a move that will end its presence in South America.
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.
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