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Licences ease pressure for Venezuela, sector recovers slightly
Venezuela’s oil industry is showing tentative signs of recovery as higher refining rates, revived export routes and renewed interest from foreign companies reshape a sector still constrained by US sanctions and operational bottlenecks
Venezuela oil shipments double in February as output rebounds
January exports had stood at roughly 383,000 barrels a day, when the Trump administration first took control of the country’s oil sales
Exxon Mobil weighs return to Venezuela with technical visit planned
The US oil major is exploring avenues for cooperation with the Venezuelan government and could resume operations if what it views as appropriate investment conditions are put in place
Australia ships rare LNG cargo to Eastern Canada
Australia has shipped an LNG cargo to Canaport’s LNG import terminal in the eastern Canadian city of Saint John.
Cheniere records 60% rise in net income amid record LNG production
Cheniere Energy reported a 64% increase in net income in 2025.
Venezuela oil sales under US deal seen reaching $2bn
Venezuela oil sales under US deal seen reaching $2bn
US Energy Secretary Chris Wright said shipments could total about 40mn barrels by month-end, with prices hovering near $50 a barrel
Venezuela fuel retailers declare emergency as price dispute deepens
The move follows a breakdown in negotiations with the government over raising margins and addressing what the group described as deep-rooted operational problems
US prosecutors move to sell seized Venezuelan oil tanker in test case
The vessel, the Skipper, was detained by the US Coast Guard on Dec. 10 and is currently anchored off the Texas coast
Oil-for-gas deal lets Venezuela start clearing Eni arrears
Chief Executive Officer Claudio Descalzi said the shift allows Caracas to start addressing about $3bn in outstanding obligations that accumulated while conventional payments were effectively frozen
Optimism fuels Venezuela’s growth outlook as energy sector leads recovery
Rising confidence among businesses and consumers is reshaping Venezuela’s economic outlook, according to economist and financial adviser Leonardo Buniak
Rodríguez presses for sanctions relief as Venezuela courts energy partners
Speaking to domestic and foreign executives, including representatives from Repsol, Chevron, Shell and Maurel & Prom, Rodríguez framed the appeal as part of a broader push for sovereignty, independence and a self-directed energy policy
US oil intake from Venezuela rises after January raid, falls short of Trump claim
In his State of the Union address, Trump said the US had received more than 80mn barrels from Venezuela, a number that outstrips available import data
Venezuela crude exports shift to supertankers under US-backed supply deal
The move is expected to increase export capacity from March and channel a greater share of shipments toward India, according to shipping records and people familiar with the flows
PDVSA reassesses oil partnerships after legal changes and US demands
The contracts were introduced after the now Interim President Delcy Rodríguez assumed the role of oil minister in October 2024 and included new structures such as productive participation agreements (CPPs)
Saipem poised for Venezuela return
Chief executive Alessandro Puliti said Venezuela is a market where Saipem has a long operational history and remains ready to re-enter once clients begin advancing projects
India belatedly urges early cessation to hostilities in Middle East
Indian Prime Minister Narendra Modi posted two separate messages on X responding to the now two day long campaign of hostilities against Iran by the forces of Israel and the US.
Speculation emerges over megamerger potential in Canada’s oil sands
Speculation has emerged over the potential for a megamerger to take place in Canada’s oil sands.
Infinity, NOG adjust Ohio Utica acquisition split, close deal
Infinity Natural Resources and Northern Oil and Gas agreed to adjust the ownership split of their pending acquisition of Utica shale assets in Ohio from Antero Resources and Antero Midstream prior to closing the acquisition this week.
ConocoPhillips reportedly considering sale of certain Permian Basin, Eagle Ford assets
ConocoPhillips is reportedly exploring the possibility of selling some of its assets in the US’ Permian Basin and in the Eagle Ford shale.
US eases curbs on Venezuelan Oil shipments to Cuba to address regional risks
Secretary of State Marco Rubio warned the policy would be rolled back if the crude ultimately benefits Cuba’s government or armed forces, stressing that any relief must reach ordinary citizens
US formally warned Kyiv over attacks on Russia that damage American oil majors’ interests, says ambassador
Ukraine’s envoy to Washington confirms a demarche was issued.
Balkan states sign US-backed deal to boost gas security
Twelve European countries signed a strategic agreement with the United States on February 24 to strengthen natural gas security and stabilise prices across Central and Eastern Europe.
Rubio heads to Caribbean talks as US sharpens focus on Cuba and Venezuela
The State Department said Rubio will underline Washington’s commitment to working with members of the Caribbean Community to bolster stability and prosperity across the hemisphere
Trinidad's NGC signals scope for better gas terms after Perenco supply deals
Chairman Gerald Ramdeen defended NGC’s earlier move to lift prices for light industrial customers to $5.30 per MMBtu from $3, saying previous tariffs were heavily subsidised and below the company’s acquisition costs
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