NorthAmOil - North America Oil & Gas

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Oil & Gas

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Overview

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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Ottawa will not curb oil and gas growth to meet near-term emissions targets

2 July 2026

Ottawa will not curb oil and gas growth in order to meet nearer-term emissions targets, making them further out of reach.

San Mateo Midstream to buy Cardinal Midstream for $752mn

2 July 2026

San Mateo Midstream has agreed to acquire the operating subsidiaries of Cardinal Midstream Partners, a portfolio company of EnCap Flatrock Midstream, for $752mn.

Shell to sell Na Kika stake to Talos, Ridgewood for $1.7bn

2 July 2026

Shell Offshore has agreed to sell its 50% non-operated interest in the Na Kika platform to subsidiaries of Talos Energy and Ridgewood Energy for a total of $1.7bn.

Venezuela bonds slide as earthquake damage clouds debt restructuring outlook

2 July 2026

Venezuelan sovereign bonds and debt issued by state-owned PDVSA have extended their decline after last week's earthquakes, as investors reassess the country's economic prospects and brace for a tougher debt restructuring

Venezuela oil output poised to recover as US broadens export authorisations

2 July 2026

Expanded US authorisations for companies trading Venezuelan crude are set to lift the country's oil production back to levels seen before Washington's December naval blockade by the end of the second quarter of 2026

Ukraine's Naftogaz holds US LNG talks

1 July 2026

Naftogaz said the meetings took place with representatives of the US Department of State, the Department of Energy, the US International Development Finance Corp. and the US EXIM Bank.

US imports of Iraqi oil fall to 4.029mn barrels in April 2026

1 July 2026

US imports of crude oil and petroleum products from Iraq fell sharply in April 2026, declining to 4.029mn barrels from 7.943mn barrels in March.

Venezuela says oil output holds at 1.2mn barrels a day despite earthquakes

1 July 2026

Venezuela's crude production has remained steady at 1.2mn barrels a day despite the twin earthquakes that struck the country on June 24, Hydrocarbons Minister Paulo Henao said

Energy statistics show we remain an overwhelmingly fossil fuel-based world

30 June 2026

Renewables are growing fast, but oil and gas by far still dominate the global energy system.

Shell predicts 65% surge in LNG demand by 2050

30 June 2026

Global LNG trade reached 422mn tonnes in 2025 and had been expected to rise significantly this year.

Gold Reserve commits $1mn to Venezuela earthquake relief

30 June 2026

Gold Reserve Ltd. said it will donate $1mn to support emergency relief and reconstruction efforts in Venezuela following the catastrophic earthquakes that struck the country on June 24

Shell pledges $5mn for Venezuela earthquake relief

30 June 2026

Shell said it will provide $5mn in humanitarian assistance to support relief and recovery efforts in Venezuela following the earthquakes that struck the country on June 24

US oil and gas software firm Quorum snaps up Scottish AI supply chain platform

29 June 2026

Quorum said the acquisition was part of its broader strategy to build a unified AI platform for the energy industry, spanning areas from subsurface planning to supply chain execution.

EU's oil and gas suppliers push back against methane regulation

29 June 2026

The US, Qatar, Nigeria and Algeria have warned the EU that its methane regulation could disrupt oil and gas supplies to Europe unless the bloc clarifies the rules and introduces targeted amendments.

Stonepeak sells $2.5 billion in private bonds for financing Louisiana LNG

29 June 2026

US investment firm Stonepeak has refinanced a loan to fund the construction of Louisiana LNG.

Vitol signs 20-year LNG supply deal with UAE’s International Resources Holding

29 June 2026

Energy and commodities trader Vitol has signed a 20-year LNG supply agreement with International Resources Holding.

US crude remains unlikely to replace Vietnam's main oil supplies

28 June 2026

Despite plentiful American supplies and concerns over potential disruptions in the Middle East, experts say technical, commercial and contractual barriers continue to limit US crude imports for Vietnam's refineries

Repsol turns Venezuela into a new opportunity after years of losses

25 June 2026

The Spanish oil company, which spent years dealing with financial challenges in Venezuela, is now positioned to turn a troubled investment into a potential growth driver

Chevron says Venezuela operations unaffected after deadly earthquakes

25 June 2026

Chevron Corp. said its Venezuelan operations continue to function normally following the pair of powerful earthquakes that struck the country, as energy companies and authorities assess damage in regions near the epicentre

Seneca, Evolution partner on electric fracturing in Appalachian Basin

25 June 2026

Seneca Resources, the exploration and production unit of National Fuel Gas, is partnering with Evolution Well Services to deploy electric fracturing technology across its operations in the US’ Appalachian Basin.

Midstream players pursue Permian oil, gas pipeline capacity increases

25 June 2026

Midstream companies are in the process of building or planning for more capacity in the Permian Basin, especially for natural gas.

Delfin signs SPA for second FLNG unit offshore Louisiana

25 June 2026

Delfin LNG has entered into a new sale and purchase agreement with UK-based Centrica LNG for volumes from its proposed second floating LNG unit.

The debate over EU methane regulation and energy security

24 June 2026

The EU’s methane regulation has split analysts, with Rystad saying it will not harm supply and Wood Mackenzie warning it could make large volumes of imports non-compliant.

Hanwha Ocean signs MoU for proposed Canadian FLNG project

24 June 2026

South Korea’s Hanwha Ocean has signed a memorandum of understanding with Canada’s Kanata Clean Power & Climate Technologies to explore cooperation on Kanata LNG.

Venezuelan crude gains ground in India as imports recover from supply disruptions

24 June 2026

India’s crude oil imports have returned to more stable levels in June, supported by record purchases from Russia and additional supplies from countries including Venezuela, Angola, Brazil and Iran

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