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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Trump threatens 100% tariff on Canadian goods over China deal

24 January 2026

Trump threatens 100% tariff on all Canadian imports if Canada allows China to use it as transit point for goods entering the United States, warning of economic consequences.

Venture Global wins arbitration case against Repsol

23 January 2026

Venture Global’s beatdown stock soared 14% after the ruling.

Vitol taps onshore tanks to move Venezuelan crude as exports stall

23 January 2026

Vitol Group has lifted its first cargo of Venezuelan oil directly from onshore storage, a step aimed at unclogging logistics and creating room for higher output after exports slumped

Trump uses Davos stage to hail Venezuela oil deal after Maduro capture

23 January 2026

Donald Trump used his appearance at the World Economic Forum in Davos on January 21 to underscore a sharply transactional approach to global politics

Halliburton signals readiness to return to Venezuela as oil plans take shape

23 January 2026

Chief executive officer Jeffrey Miller said oil and gas are critical for Venezuela, noting the US company has operated there since 1938, despite pulling out in 2019 after sanctions were imposed

Venezuela business group backs FX measures as oil cash returns to economy

23 January 2026

Interim president Delcy Rodríguez said the country has already received $300mn from crude exports under a 50mn-barrel supply agreement with Washington

US sees scope for 30% lift in Venezuela oil output, US energy secretary tells executives

23 January 2026

Venezuela’s oil production could rise by as much as 30% from current levels of about 900,000 barrels per day (bpd) over the short to medium term

US seizes seventh Venezuela-linked oil tanker in Caribbean sanctions drive

23 January 2026

The vessel, identified as the Sagitta, was detained as part of Operation Southern Spear, the military said

Venezuela banks resume FX interventions after oil cash inflows from US trade

23 January 2026

Venezuela’s banking sector restarted foreign-exchange interventions on January 20 after more than a month on hold, following the arrival of fresh hard-currency inflows linked to renewed oil trade with the US

Venezuela lawmakers advance hydrocarbons overhaul

23 January 2026

Parliamentary speaker Jorge Rodríguez said the bill, promoted by acting president Delcy Rodríguez, is designed to speed up gains in production from the OPEC member

Venezuela pitches new crude law to lure private investment, potential oil investors want more control

22 January 2026

Venezuela’s interim president Delcy Rodríguez moved to court oil companies by unveiling a revamped Hydrocarbons Law designed to attract private capital and accelerate crude exports.

Greenland crisis heightens concerns about Europe’s heavy reliance on US energy

22 January 2026

In some quarters, the US has met more than 60% of Europe’s demand for LNG.

US’ Western Midstream announces renegotiated Occidental deal, new ConocoPhillips agreement

22 January 2026

Western Midstream Partners has renegotiated its natural gas-gathering and processing contracts with Occidental Petroleum in the Permian Basin’s Delaware sub-basin, while also entering into new agreements with ConocoPhillips.

Cenovus reportedly considering sale of Alberta conventional assets

22 January 2026

Canada’s Cenovus Energy is reportedly considering a sale of conventional oil and gas assets in Alberta’s Deep Basin.

Mitsubishi to enter US' Haynesville shale with Aethon acquisition

22 January 2026

Mitsubishi is buying US shale gas assets from Aethon Energy Management for $5.2bn

Argent LNG signs strategic agreement with contractor Maire Tecnimont

22 January 2026

Argent LNG has signed a term sheet with Italian firm Maire Tecnimont to secure its support in developing the 25mn tonnes per year LNG facility located in Port Fourchon, Louisiana.

Venezuelan crude re-emerges in Caribbean as US reshapes oil trade

22 January 2026

Ship-tracking data show that two vessels unloaded about 2.5mn barrels of Merey crude over a recent weekend into storage facilities in Saint Lucia and Curaçao, which are being used as transit hubs for onward sales

Fitch warns Venezuela oil revival faces long road despite sanctions relief

22 January 2026

The ratings agency said that even with the sale of stored crude and a potential easing of sanctions, production would struggle to rise much beyond 1mn barrels per day in the short term, with little impact on global supply

Lechería energy hub plan runs up against Venezuela’s infrastructure strains

21 January 2026

The initiative, led by the mayor’s office in Urbaneja, draws on recent changes to the Hydrocarbons Law that open the door to greater private and overseas participation in the sector

Russia says US yet to free crew from seized tanker in Atlantic

21 January 2026

The US has yet to release two Russian sailors detained after American forces seized a Russian-flagged oil tanker in the North Atlantic this month, Russia’s foreign minister said

Venezuela scraps fuel import taxes under Delcy Rodríguez decree

21 January 2026

Venezuela’s government has waived value-added tax, import duties and customs regime fees on imports and domestic sales of hydrocarbon-derived fuels, extending relief to state-run, mixed-capital and private companies

US oil services firms eye entry to Venezuela

21 January 2026

SLB, the world’s largest oilfield services firm, is in talks to expand its operations in Venezuela and is positioned to compete for early contracts under a plan by US President Donald Trump to revive the country’s oil sector.

Shell and Mitsubishi considering selling stakes in LNG Canada

21 January 2026

Shell and Japan’s Mitsubishi are exploring options to unload parts of their stakes in LNG Canada.

Canada’s Woodfibre LNG receives two new modules

21 January 2026

Woodfibre LNG has reached another key milestone with the arrival of two modules in Squamish, British Columbia.

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