NorthAmOil - North America Oil & Gas

NextEra reported to be buying Caliber, setting up shale JV with Quantum

NextEra Energy has reportedly agreed to buy Caliber Resource Partners for $1.3bn from private equity firm Quantum Capital Group and has also set up a joint venture with Quantum to manage its US shale assets.

Devon dominates onshore lease sale in Delaware Basin

Devon Energy spent $2.6bn on leases in the New Mexico portion of the Permian Basin’s Delaware sub-basin in a federal onshore lease sale held on May 20.

Canada, Alberta governments work to advance oil pipeline plan with new agreement

The governments of Canada and Alberta have finalised an agreement aimed at advancing a new oil pipeline.

Venezuela offers foreign arbitration in bid to draw oil investment

Hydrocarbons Minister Paula Henao said that the new regulatory framework for the industry was designed to provide greater legal certainty to international companies seeking to expand operations in Venezuela

Repsol and ENI target sharp increase in Venezuelan gas output by 2030

The companies operate the Cardón IV project alongside state-owned PDVSA and are targeting output of about 1.25bn cubic feet a day by 2030

Venezuela pins oil recovery on reviving neglected gas sector

Venezuela’s hopes of rebuilding its oil industry are becoming increasingly tied to the recovery of its struggling natural gas sector

Venezuelan oil officials make first US visit as Caracas seeks industry investment

Venezuela’s Hydrocarbons Minister Paula Henao and senior PDVSA official Jovanny Martínez are due to attend an oil exploration summit in Houston on May 21 as Caracas intensifies efforts to revive its energy sector and attract foreign investment

Oil falls below $112 as markets weigh fresh US threats against Iran

Oil prices fell on May 20 as markets weighed the latest US threat to resume strikes on Iran, with Brent crude falling below $112 a barrel and West Texas Intermediate approaching $105.

Datanálisis sees Venezuelan economy expanding despite early-year slowdown

The research firm cautioned that the broader impact of oil revenue flows would take time to materialise because of collection cycles within the energy industry and delays linked to treasury accounts where funds are deposited

Pakistan makes first US crude imports as energy ties expand

Pakistan has imported 6mn barrels of crude oil from the US for the first time in the current fiscal year, in a move that highlights a gradual widening of energy links between Islamabad and Washington.

Minister: LNG Canada will decide on FID for Phase Two by end of year

Shell-operated LNG Canada will make a final investment decision (FID) on its Phase Two expansion before the end of the year.

Glenfarne’s Alaska LNG secures supply deal with ConocoPhillips

Alaska LNG has inked a 30-year natural gas supply deal with US energy giant ConocoPhillips.

Venezuela unveils draft oil rules to guide foreign investment push

Venezuela has begun circulating draft regulations linked to its newly approved hydrocarbons law, providing fresh details on how private companies would operate in the country’s oil and gas sector as Caracas moves to loosen decades of state control

Trump-linked investment firm launches $200mn SPAC focused on Venezuela

The initiative was registered with the US Securities and Exchange Commission as part of a broader strategy targeting Latin American markets viewed as entering a phase of economic recovery and renewed investment activity

Venezuela could sustain 4mn barrels a day for decades, banker says

Venezuela possesses the geological and technical capacity to raise oil production to as much as 4mn barrels per day (bpd), although reaching those levels would require years of infrastructure rebuilding and operational recovery

Caturus takes FID on Louisiana project Commonwealth LNG

Positive FID comes one month after Caturus announced the project had achieved full commercialization.

Egypt’s imports of US natural gas surge 190% y/y in January-February 2026

Egypt’s imports of US natural gas surged by around 190% year-on-year (y/y) during the first two months of 2026, reaching 82.1bn cubic feet compared with 28.3bn cubic feet in the same period of 2025, according to data from the US Department of Energy

Pakistan imports 6mn barrels of US crude

Pakistan imported 6mn barrels of crude oil from the United States for the first time during the current fiscal year as Islamabad moves to deepen energy cooperation with Washington.

US-Venezuela trade climbs as oil exports drive recovery in ties

According to a report released by the Venezuelan-American Chamber of Commerce and Industry, bilateral trade reached $3.29bn during the first three months of the year, compared with $2.68bn in the same period a year earlier

Venezuela oil output extends recovery as US rapprochement spurs investment

Venezuela seeks to block Citgo sale as rising oil prices lift valuation

In a May 12 filing to Judge Leonard Stark, attorney Alexandra Cumings said stronger valuations across the refining sector now imply Citgo could be worth at least $15.1bn

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.