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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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US shale driller Devon updates 2026 outlook following close of Coterra merger
US shale producer Devon Energy provided an updated 2026 outlook this week, which follows the closing of its merger with Coterra Energy in May.
SLB OneSubsea wins subsea boosting contract at BP’s Thunder Horse project
SLB OneSubsea announced this week that it had been awarded an engineering, procurement and construction contract by BP to provide a subsea boosting system for the Thunder Horse project in the US Gulf of Mexico.
India explores Canadian crude imports
India is considering Canada as a potential source of crude oil imports, with the country's newer refineries well-suited to processing heavy crude grades produced in Canada.
Venezuela’s export surge masks production gap, analyst says
Venezuela’s oil exports outpaced its production in May, underscoring a growing reliance on stored crude to sustain shipments abroad, according to Antonio de la Cruz, president of Inter American Trends
US EIA predicts gaping deficit in oil supply for full year
Supply will fall 7mn bpd, and demand by only 1mn bpd.
Germany’s Uniper Inks Preliminary Deal to Buy LNG from Canada’s Ksi Lisims
Germany's state-owned energy company Uniper has agreed to a preliminary deal to purchase LNG from Canada’s Ksi Lisims project.
Sempra’s Mexico project Energia Costa Azul produces first LNG
US LNG developer Sempra Infrastructure has achieved first LNG at its Energia Costa Azul project in Ensenada, Mexico.
US overtakes Gulf suppliers as India’s top LPG, LNG source in May
The United States became India’s largest supplier of liquefied petroleum gas (LPG) and liquefied natural gas (LNG) in May, overtaking traditional Gulf exporters.
US envoy says Venezuelan oil exports hit seven-year high
US Chargé d'Affaires John Barrett said in a post on social media that the export performance stemmed from a three-stage strategy designed by Secretary Marco Rubio and President Donald Trump
US energy giants pursue Syria oil and gas investments at World Energy Forum
Syrian Energy Minister Mohammed Al Bashir met with US Energy Secretary Christopher Wright in Washington on June 8 to discuss expanding bilateral energy-sector cooperation and attracting American investment into Syria’s energy and infrastructure.
US delegation to press Venezuela for deeper oil sector reforms
A delegation of officials from the Trump administration is expected to travel to Venezuela in the coming days to encourage further changes to the country’s Hydrocarbons Law
Venezuela expands energy outreach as Rodríguez follows India visit with Turkey stop
During her visit to India, Rodríguez met US Ambassador Sergio Gor as part of ongoing working groups between Caracas and Washington established after she assumed power
UK's Centrica signs long-term gas deal with Canadian producer Peyto
The deal covers roughly 0.5 bcm per year of gas supply.
Geopolitical crises are the new norm for energy markets
Geopolitical disruptions are becoming a permanent feature of global energy markets rather than isolated crises.
OPEC+'s symbolic quota raise
OPEC+’s latest decision to raise oil production quotas is unlikely to have much immediate impact on global supply.
LNG Canada Phase 2 Expansion Gains Momentum
The final investment decision for the project appears to be around the corner for the consortium.
Venezuelan oil shipments to India climb as Rodríguez seeks deeper energy ties
Venezuela has strengthened its position in India’s crude market, emerging as the country’s third-largest oil supplier this month as acting President Delcy Rodríguez pursues closer energy cooperation with New Delhi
PDVSA highlights state-led output gains as Venezuela targets higher crude production
According to figures cited by authorities, 61% of the total growth is attributable to the efforts of PDVSA and the Joint Ventures, reflecting increases of 102,000 and 166,000 bpd respectively.
Cheniere awards EPC contract for next phase of Sabine Pass LNG expansion to Bechtel
Cheniere Energy Partners has entered into a lump-sum turnkey engineering, procurement and construction contract with Bechtel Energy for the first phase of the SPL expansion project.
Canada sees rising oil, gas exports following outbreak of Middle East conflict
Canada’s oil and gas exports rose in March, according to the latest official data.
Stone Ridge reportedly offering $8bn for Devon’s Marcellus assets
Stone Ridge Asset Management has reportedly offered to buy Devon Energy’s Marcellus shale assets for roughly $8bn.
Venezuela taps Hogan Lovells to lead $170bn debt restructuring effort
The total includes defaulted sovereign debt, obligations linked to state-owned oil producer PDVSA, institutional borrowing and accumulated interest built up over recent years
Rodríguez begins India visit as Venezuela seeks deeper energy ties
Venezuelan interim President Delcy Rodríguez arrived in New Delhi on June 3 for a five-day visit centred on strengthening energy cooperation with India, as both countries seek to expand commercial ties amid turbulence in global oil markets
ExxonMobil weighs return to Venezuela as oil opportunity meets financial risks
ExxonMobil is discussing the possibility of securing new oil production rights in Venezuela, a move that could reshape the company’s long-term strategy and mark a return to a market it left years ago following legal disputes
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