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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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Trump signals possible India visit amid evolving energy pivot
The US President, Donald Trump, has indicated that he may visit India next year, signalling a potential deepening of ties between Washington and New Delhi and raising questions over energy and geopolitical strategy.
BP to sell US onshore midstream assets for $1.5bn
BP has agreed to sell non-controlling interests in Permian and Eagle Ford midstream assets owned by its BPX Energy unit to funds managed by Sixth Street for around $1.5bn.
Ovintiv to acquire NuVista as interest in Canadian oil and gas opportunities rises
Ovintiv has agreed to acquire Canada’s NuVista Energy for around $2.7bn.
Is Venezuela's resource wealth Trump's real target?
The escalating tensions between Washington and Caracas have renewed scrutiny of what some analysts believe may be the true objective behind the Trump administration's aggressive posture: access to Venezuela's extraordinary natural resource wealth.
US shale players SM Energy, Civitas announce merger
Two US shale producers, SM Energy and Civitas Resources, agreed this week to an all-stock merger that will create a company worth $12.8bn, inclusive of each company’s net debt.
US pressure on Maduro has little effect on oil markets
Despite holding the world’s largest crude reserves, Venezuela remains largely irrelevant to global energy markets, with output near its lowest in a century
Chevron balances Trump’s Venezuela pressure with century-old stakes
Chevron’s renewed foothold in Venezuela has become a geopolitical tightrope as US military tensions with Caracas escalate.
Woodside secures Williams backing for Louisiana LNG
As part of the agreement, Woodside has sold a 10% stake in Louisiana LNG and an 80% stake in Driftwood Pipeline to Williams for $250mn.
Iraq’s Basra oil prices drop amid global market decline
Iraq’s Basra crude prices slipped alongside global oil losses, pressured by growing risk aversion across financial markets, a firmer US dollar, and data indicating a rise in US crude inventories.
Maduro regime accused of using crypto to evade sanctions
The NGO Transparency Venezuela reported that the regime’s so-called national cryptocurrency system—touted as a symbol of “digital sovereignty”—was in fact used to disguise embezzlement and illegal oil sales between 2017 and 2025
Venezuela’s oil exports slide 26% in October as diluent supplies tighten
The decline followed a five-year export high in September, when stable crude output of roughly 1.1mn barrels a day and steady inflows of light crude and naphtha—mainly from Russia—had bolstered production
Chevron CEO defends continued operations in Venezuela
In an interview with CNBC, Chevron Corp.’s Chief Executive Officer Mike Wirth said Venezuelan heavy crude remains vital for US refineries
Chevron balances Trump’s Venezuela pressure with century-old stakes
Chevron, which employs 3,000 people locally, said its priority is “the safety of our personnel, the communities in which we operate, the environment and the integrity of our joint-venture assets.”
Venezuelan oil shipments to US rebound sharply after Trump’s regulatory easing
Data from the Energy Information Administration show that shipments jumped to 39,000 barrels per day in August, up 550% from July’s record low
Chevron CEO reportedly says negotiations with Kazakhstan off to “good start”
Chevron’s discussions with the government of Kazakhstan on an extension of its operating concession have begun on a positive note, Upstream reported on November 3, citing the company’s CEO Mike Wirth, who spoke during a quarterly earnings call.
Shell reports third quarter profit beat paced by LNG trading
Supermajor Shell reported a third quarter profit of $5.4bn, beating forecasts on the back of 12.2bn in cashflow from operations.
Strong LNG demand spurs rise in third-quarter profits for Cheniere
The US’s biggest LNG developer Cheniere Energy reported a revenue jump in its third quarter profits on the back of high demand for LNG.
Shell hints at start-up of second train at LNG Canada before end of year
Supermajor Shell forecasts that the second liquefaction train at LNG Canada will come online before the end of the year, the company’s Chief Financial Officer Sinead Gorman stated.
China’s Hudong-Zhonghua Shipbuilding to deliver record four LNG carriers in October
China’s largest LNG carrier builder Hudong-Zhonghua Shipbuilding has delivered four high-tech LNG carriers in the month of October.
Russia’s LNG exports soar by 21% in October
The commencement of cargoes from Arctic LNG 2 has taken Russia’s LNG exports to new levels.
Repsol seeks stable framework for Venezuelan gas operations, CEO says
Repsol Chief Executive Officer Josu Jon Imaz said the Spanish energy company is maintaining a “constructive and transparent” dialogue with authorities, including in the United States
CITGO wins $54mn in appeal over Venezuela oil seizure
The Second Circuit upheld a lower court’s decision requiring a syndicate of reinsurers, including several Lloyd’s underwriters, to pay out under a war-risk policy
Oil and gas explorer 88 Energy reports progress across portfolio, provides update for PEL 93 in Namibia
Australian oil and gas exploration company 88 Energy on October 30 provided a market update in its quarterly activities report for the period ending September 30, 2025.
Venezuela relations with Trinidad and Tobago deteriorate, gas deals suspended
Venezuela has suspended all gas and energy cooperation agreements with neighbouring Trinidad and Tobago after accusing the Caribbean two-island nation of aligning with the US amid rising regional tensions, Caracas officials said on October 27.
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