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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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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

Venezuela’s first-quarter oil revenue climbs as exports accelerate

24 June 2026

Venezuela generated $5.49bn in oil export revenue during the first quarter, a 21% increase from the same period a year earlier, according to balance of payments data released on June 22 by the Central Bank of Venezuela

Venezuela bets on gas revival despite persistent energy shortages

24 June 2026

Venezuela is seeking to revive its long-underdeveloped natural gas industry through new agreements with Shell, Eni and Repsol, even as the country continues to grapple with power cuts, electricity rationing and shortages of domestic cooking gas

Debt restructuring uncertainty sends Venezuelan bonds to two-month low

24 June 2026

Bonds due in 2027 dropped below 50 cents on the dollar for the first time since April 10, while debt issued by state oil company Petróleos de Venezuela SA also declined

Venezuela’s oil revival hinges on political stability, economists say

24 June 2026

According to experts, Venezuela’s efforts to attract foreign capital into its energy industry will struggle to gain traction unless investors see lasting political stability and stronger institutions

Venezuelan oil exports nearly double as US remains top buyer

23 June 2026

Venezuela’s seaborne crude exports have surged this year, with shipments rising 144% between January and mid-June as demand from the United States, India and the Bahamas helped drive a sustained recovery in the country’s oil trade

Oil revenue windfall raises transparency questions in Venezuela

23 June 2026

Venezuela is on track to receive an estimated $35bn in oil export revenue this year, a sharp increase from 2025, but questions are mounting over how those funds are being managed and why the influx has yet to translate into broader economic relief

US eases Iran oil sanctions, price on Brent crude drops over 3.5%

23 June 2026

The United States has partially lifted sanctions on Iranian oil exports following what officials have described as encouraging progress in negotiations aimed at ending hostilities between Washington and Tehran.

US LNG producer New Fortress Energy has restructuring plan approved

22 June 2026

New York-headquartered New Fortress Energy has had its restructuring plan for two of the firm’s subsidiaries approved by a UK court.

Venture Global agrees to LNG deal with Germany’s EnBW

21 June 2026

US LNG producer Venture Global has inked a binding agreement for the sale of LNG for five years to Germany’s EnBW.

LNG Canada ships 100th cargo in first year of operation

21 June 2026

LNG Canada marked a key milestone with its 100th cargo shipped.

Venezuela reviews recovery plan as focus turns to energy and investment

20 June 2026

The strategy places significant emphasis on energy policy and the restructuring of PDVSA’s operations as Venezuela’s oil industry seeks to rebuild capacity after years marked by declining output, financial pressures and technological challenges

US-led alliance targets Orinoco belt expansion and oil export growth

20 June 2026

Two US companies have formalised a partnership aimed at expanding Venezuela’s oil and gas output, with plans that include rehabilitating thousands of wells in the Orinoco Oil Belt and increasing crude exports to international markets

Blackrod project comes online in Canada amid rising interest in developing oil sands resources

18 June 2026

The start-up of IPC’s Blackrod project in Canada comes as other oil sands developments are also being advanced, but questions remain over whether pipeline capacity expansions can keep pace with output growth.

Sixth Street goes on US shale shopping spree

18 June 2026

Sixth Street is continuing its streak of acquisitions centred on US shale plays, buying into Comstock Resources' Pinnacle Gas Services subsidiary for $600mn and reportedly also buying Logos Energy for $1bn.

BP reportedly kicks off process to sell stakes in two US Gulf projects

18 June 2026

BP has reportedly started a process to sell stakes in two of its projects in the US Gulf of Mexico, Kaskida and Tiber.

US officials deepen push for energy investment in Venezuela

18 June 2026

The US Embassy in Venezuela said it is intensifying efforts with American energy officials and the country’s interim authorities to encourage US participation in the recovery of Venezuela’s oil and gas industry

Turkey’s LNG imports more than double in April

17 June 2026

Turkey more than doubled its liquefied natural gas (LNG) imports in April.

Repsol expands Venezuela ambitions with new Maracaibo and offshore studies

17 June 2026

Repsol has signed a letter of intent with Venezuela’s ministry of hydrocarbons and state oil company PDVSA to evaluate the potential development of the Horcón area, a hydrocarbon prospect located southeast of Lake Maracaibo

Oil firms secure early positions in Venezuela as contract talks advance

17 June 2026

Industry officials say interest has accelerated nearly six months after the removal of Nicolás Maduro and amid efforts by the Trump administration to attract investment into Venezuela’s energy sector

Delfin Midstream closes financing for US floating LNG export project

17 June 2026

Delfin Midstream has closed key deals for the Delfin Deepwater Offshore Port and LNG floating vessel liquefaction and export project.

US LNG exporter Cheniere reaches substantial completion at sixth Corpus Christi Stage 3 train

17 June 2026

Cheniere has reached substantial completion of Train 6 at the Corpus Christi Liquefaction Stage 3 project in Texas in the US.

PDVSA-crypto trial advances as questions over missing funds remain unanswered

17 June 2026

Prosecutor Eddy Rodríguez urged the court to dismiss a series of motions filed by defence lawyers, including requests for dismissals, acquittals, reviews of pretrial detention measures and the admission of supplementary evidence

After the blockade: what Hormuz’s reopening does and does not resolve

15 June 2026

A US-Iran memorandum has reopened the Strait of Hormuz after 108 days, but structural damage to energy markets, insurance and tanker routes will persist well beyond the diplomatic announcement

SLB, PDVSA agree long-term partnership to modernise Venezuela’s energy industry

15 June 2026

The memorandum of understanding establishes a broad platform for cooperation covering exploration, field development, production activities and training programmes

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Anna Kachkova

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