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US removes sanctions on Arctic Voyager and Kiara M tanker
The shipping company, incorporated in the Marshall Islands on November 8, 2024, had previously been sanctioned for engaging in Venezuela’s oil sector, in breach of restrictions imposed during Donald Trump’s presidency
Venezuela’s economy expands 8.66% in 2025 driven by oil and non-oil sectors
Oil production led growth in the fourth quarter with a 13.41% increase, while non-oil sectors expanded by 5.30%
Low US oil reserves leave consumers exposed after Iran strikes
Donald Trump’s decision not to replenish the US Strategic Petroleum Reserve (SPR) after the large drawdowns under former president Joe Biden has left the country with limited capacity to cushion a new surge in oil prices.
Shell agreements signal new phase in Venezuela–US energy cooperation
Interim President Delcy Rodríguez said the deals form part of efforts to implement Venezuela’s recently approved hydrocarbons law through “new business models”
Venezuela economy expands 8.66% in 2025 as oil sector drives recovery
According to the central bank, Venezuela has now registered 19 consecutive quarters of economic growth after a decade in which the economy contracted by nearly 80%
Venezuela crude exports from Jose terminal set to hit multi-year high
Venezuelan crude exports are expected to rise sharply in March, with shipments from the Jose terminal projected to reach about 848,000 barrels a day
Venezuela signs new oil supply deals with US as export flows shift
According to PDVSA, the deals are intended to preserve the longstanding commercial relationship between Venezuela and the United States and reiterated its call for the removal of sanctions affecting the country’s oil industry
Glenfarne, TotalEnergies sign Alaska LNG preliminary offtake agreement
TotalEnergies and Glenfarne Group have signed a letter of intent for the offtake of 2mn tonnes per year of LNG from Glenfarne’s proposed Alaska LNG project.
Venezuela’s exports surge as US Gulf Coast refineries process record volumes
Super tankers have also started to dock at the Latin American country’s main terminal.
Alaska offshore lease sale fails to attract any bids
An oil and gas lease sale held in Cook Inlet offshore Alaska received no bids upon closing this week
US shale unlikely to replace Middle Eastern oil, industry players and analysts warn
The shale industry cannot increase production rapidly enough to replace any supply disrupted as a result of the conflict in Iran in the near term, according to warnings from both industry participants and analysts.
Equinor, BP sign provincial deal to advance Bay du Nord
Equinor and BP have signed a deal with the Canadian province of Newfoundland and Labrador on the Bay du Nord project.
Licences ease pressure for Venezuela, sector recovers slightly
Venezuela’s oil industry is showing tentative signs of recovery as higher refining rates, revived export routes and renewed interest from foreign companies reshape a sector still constrained by US sanctions and operational bottlenecks
Venezuela oil shipments double in February as output rebounds
January exports had stood at roughly 383,000 barrels a day, when the Trump administration first took control of the country’s oil sales
Exxon Mobil weighs return to Venezuela with technical visit planned
The US oil major is exploring avenues for cooperation with the Venezuelan government and could resume operations if what it views as appropriate investment conditions are put in place
Australia ships rare LNG cargo to Eastern Canada
Australia has shipped an LNG cargo to Canaport’s LNG import terminal in the eastern Canadian city of Saint John.
Cheniere records 60% rise in net income amid record LNG production
Cheniere Energy reported a 64% increase in net income in 2025.
Venezuela oil sales under US deal seen reaching $2bn
Venezuela oil sales under US deal seen reaching $2bn
US Energy Secretary Chris Wright said shipments could total about 40mn barrels by month-end, with prices hovering near $50 a barrel
Venezuela fuel retailers declare emergency as price dispute deepens
The move follows a breakdown in negotiations with the government over raising margins and addressing what the group described as deep-rooted operational problems
US prosecutors move to sell seized Venezuelan oil tanker in test case
The vessel, the Skipper, was detained by the US Coast Guard on Dec. 10 and is currently anchored off the Texas coast
Oil-for-gas deal lets Venezuela start clearing Eni arrears
Chief Executive Officer Claudio Descalzi said the shift allows Caracas to start addressing about $3bn in outstanding obligations that accumulated while conventional payments were effectively frozen
Optimism fuels Venezuela’s growth outlook as energy sector leads recovery
Rising confidence among businesses and consumers is reshaping Venezuela’s economic outlook, according to economist and financial adviser Leonardo Buniak
Rodríguez presses for sanctions relief as Venezuela courts energy partners
Speaking to domestic and foreign executives, including representatives from Repsol, Chevron, Shell and Maurel & Prom, Rodríguez framed the appeal as part of a broader push for sovereignty, independence and a self-directed energy policy
US oil intake from Venezuela rises after January raid, falls short of Trump claim
In his State of the Union address, Trump said the US had received more than 80mn barrels from Venezuela, a number that outstrips available import data
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