NorthAmOil - North America Oil & Gas

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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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Chevron reportedly seeking to sell pipeline assets in US’ DJ Basin

9 October 2025

Chevron is reportedly seeking to sell a set of pipeline assets in the Denver-Julesburg Basin.

Berkshire Hathaway to buy US firm Occidental’s OxyChem unit for $9.7bn

9 October 2025

Berkshire Hathaway has agreed to buy Occidental Petroleum’s chemical business, OxyChem, for $9.7bn in cash.

US supreme court to hear ExxonMobil Cuba asset seizure case

8 October 2025

The US Supreme Court agreed on October 3 to hear ExxonMobil's lawsuit seeking compensation from Cuban state-owned entities for petroleum assets nationalised in 1960, valued at over $700mn currently

US court upholds ruling against PDVSA in expropriation dispute

8 October 2025

The US Court of Appeals for the DC Circuit ruled that PDVSA functions as an “alter ego” of the Venezuelan state, meaning that the country effectively took Helmerich’s assets in breach of international law

EU prepares for winter of heavy US LNG reliance

6 October 2025

The EU is preparing for a winter of heavier dependence on US LNG as pipeline flows from Russia and Algeria weaken and storage levels remain under pressure.

US political momentum and African reforms open new chapter for energy investment

6 October 2025

The current political momentum in the US and comprehensive regulatory reforms across Africa’s energy sector are aligning to open a new chapter in transatlantic investment.

India emerges as key buyer of Iranian crude despite US pressure

6 October 2025

India has re-emerged as a significant buyer of Iranian crude oil, joining China in defying renewed American efforts to curb Tehran’s energy exports, according to Iranian officials.

Canada pumps the brakes on Quebec LNG project

4 October 2025

Canadian officials have cooled on proposed plans for an LNG plant in Quebec.

LNG Canada expected to start second liquefaction train soon

4 October 2025

LNG Canada is preparing to begin start-up of its second liquefaction train, a spokesperson for the Shell-led facility.

Shell doubles down on LNG predicting demand to rise by 60% by 2040

4 October 2025

CEO predicts LNG’s role as a transition fuel will grow and comprise 20% of global natural gas sales by 2040.

Brazil to boost LPG imports for subsidy scheme

3 October 2025

Brazil’s main LPG distributors will increase imports, largely from the United States, to supply demand expected from the government’s Gas do Povo subsidy, executives said during Liquid Gas Week in Rio de Janeiro.

Venezuelan oil trade rife with irregular tanker activity

2 October 2025

Nearly half of the tankers operating in Venezuelan waters last month were flagged for irregularities, according to a report by Transparencia Venezuela

As Washington-Caracas tensions rise, all eyes on Venezuela's oil

2 October 2025

Venezuela’ Nicolás Maduro has accused Washington of using counternarcotics operations in the Caribbean as cover for regime change and control over his nation’s vast oil wealth, the Financial Times reported.

MidOcean to buy 20% stake in Petronas’ Canadian operations

2 October 2025

MidOcean Energy has agreed to acquire a 20% interest in what it describes as Petronas’ “key” businesses in Canada.

Alberta to propose new oil sands pipeline to BC coast

2 October 2025

The Alberta government has unveiled plans to submit a proposal to the Canadian Major Projects Office for a new pipeline for transporting oil sands crude from the province to British Columbia’s northwest coast.

Ares to buy Meade Pipeline in US Northeast for $1.1bn

2 October 2025

Ares Management has agreed to buy 100% of the equity interests in Meade Pipeline from XPLR Infrastructure for $1.1bn.

BP steps up in US Gulf with Tiber-Guadalupe approval

2 October 2025

BP has announced a final investment decision on the Tiber-Guadalupe project in the deepwater US Gulf of Mexico.

Blue Water pitches $10bn offer for Citgo in Delaware court

1 October 2025

Blue Water Venture Partners, a firm tied to Joseph Hernandez, has asked a Delaware federal court to allow consideration of its unsolicited $10bn proposal for Citgo Petroleum Corp’s assets

US may be seeking to position oil majors for post-Maduro Venezuela

30 September 2025

Energy analysts argue that the Trump administration’s goal is to maintain a US foothold in case of political change, enabling Western oil firms to help revive Venezuelan output and potentially rival Saudi Arabia by the 2030s

BP forecasts global LNG exports to increase through 2035

28 September 2025

Supermajor BP expects LNG demand to climb to 900bn cubic metres by 2035, the British energy company predicted in its Energy Outlook.

TotalEnergies inks Heads of Agreement LNG deal with Hyundai Chemical

27 September 2025

French supermajor TotalEnergies signed a Heads of Agreement with South Korea’s Hyundai Chemical.

ADNOC’s subsidiary XRG acquires stake in Rio Grande LNG project in Texas

27 September 2025

The United Arab Emirates’ state-run oil and gas company ADNOC announced that its investment vehicle XRG has closed its acquisition of an equity stake in NextDecade’s Rio Grande LNG project located in Brownsville, Texas.

Trump lavishes praise on Erdogan in White House meeting and suggests Turkey stop buying Russian oil and gas

26 September 2025

Some big military and civilian aircraft deals may be in the making, but the deal-making remains behind closed doors.

Venezuela’s oil standoff draws in US, China and Europe

25 September 2025

US military patrols targeting suspected drug shipments off Venezuela’s coast have become the latest flashpoint in a conflict that extends far beyond narcotics.

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Edited by

Anna Kachkova

Editor

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