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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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Venture Global, Vitol sign LNG offtake agreement

26 March 2026

US LNG producer Venture Global and commodity trader Vitol have signed a new binding five-year LNG offtake agreement.

Coastal GasLink, LNG Canada sign agreement ahead of potential second phase

26 March 2026

Pipeline operator TC Energy's Coastal GasLink unit has entered into commercial agreements with LNG Canada ahead of a potential second phase for both projects.

TotalEnergies to redirect capital from US offshore wind to oil and gas

26 March 2026

TotalEnergies has struck a deal with the Trump administration to abandon its US offshore wind leases and redirect recovered lease fees to fossil fuel projects.

Venezuela oil exports reached $18.2bn in 2025

25 March 2026

Venezuela’s oil export revenues showed only marginal growth in 2025 despite a sharp rebound late in the year, underscoring continued volatility in the country’s external accounts

Chevron sees rising output in Venezuela but flags legal uncertainty

25 March 2026

Speaking at the CERAWeek conference in Houston, Wirth said recent reforms mark progress but fall short of providing the predictability needed to unlock broader capital flows

Bosnia weighs US LNG imports via Croatia’s Krk terminal

25 March 2026

Bosnia & Herzegovina is considering importing US liquefied natural gas via Krk LNG terminal in neighbouring Croatia, as part of efforts to strengthen energy security and diversify supply, the United States embassy in Bosnia said.

Eni reports $3.3bn in unpaid PDVSA debt amid easing sanctions

25 March 2026

The outstanding balance is linked to gas production at the Perla offshore field, a joint venture with Spain’s Repsol and the only active offshore gas project in Venezuela

Losers and winners from the Qatari LNG disruption

25 March 2026

While European and Asian importers have been hit hard by the disruption in Qatari LNG to varying degrees, the crisis has both short- and long-term benefits for US exporters and other LNG competitors.

Crude market volatility reflects Trump administration’s unpredictable war moves, says analyst

24 March 2026

The US has temporarily lifted sanctions to permit the sale and delivery of Iranian oil, allowing for up to 140 million barrels of crude to enter global markets over the coming weeks.

Trinidad accelerates refinery revival as Hormuz tensions rattle energy markets

24 March 2026

Energy Minister Roodal Moonilal said the government of Prime Minister Kamla Persad-Bissessar is in advanced negotiations with international firms, including Chevron, Tecnimont, Indian Oil Corporation and Oando

Venezuela output seen insufficient to offset Hormuz supply disruption

24 March 2026

The South American country produces around 1mn bpd, highlighting a gap that analysts say is too large to close

Venezuela’s interim president confirms Obregón at PDVSA helm

23 March 2026

The measure, formalised on March 20, also introduces a reshaped board aimed at strengthening operational management at the country’s main industry

Venezuelan transparency portal questioned after activist flags data inconsistencies

23 March 2026

The effort followed an announcement by Jorge Rodríguez regarding the creation of a portal to detail oil income and spending

Canada’s Woodfibre LNG project reaches 65% completion

23 March 2026

Woodfibre LNG has reached two-thirds completion following the arrival of its 16th powerhouse module on site in Squamish, British Columbia.

Venezuelan bonds gain as US relaxes PDVSA restrictions

23 March 2026

The shift was reflected in prices, with the sovereign bond due in 2031 rising to 50.25 cents on the dollar, while PDVSA’s 2027 notes advanced to 35.35 cents

US extends Citgo shield as legal battles over Venezuelan debt drag on

23 March 2026

The US Treasury Department has prolonged protections for Citgo Petroleum, temporarily blocking creditors from seizing the Venezuelan-owned refiner as legal disputes tied to more than $20bn in claims continue to unfold

Venezuela’s oil shipments to Cuba tied to expansion of repressive apparatus, report says

23 March 2026

According to the study, deliveries peaked at roughly 105,000 barrels a day between 2008 and 2012

Panama Canal operating at full capacity amid Iran conflict

22 March 2026

The Iran conflict has pushed the Panama Canal to full capacity handling up to 38 ships per day.

Iran hits two Qatari LNG trains knocking out 17% of its export capacity

22 March 2026

Major attack on Ras Laffan plant damaged two of its 14 LNG trains as well as a gas-to-liquids facility.

Trump administration holds record lease sale in Alaska’s National Petroleum Reserve

19 March 2026

The administration of US President Donald Trump has held the most successful oil and gas lease sale to date in the National Petroleum Reserve-Alaska.

US to release 172mn barrels from SPR in co-ordination with IEA

19 March 2026

US President Donald Trump authorised the US Department of Energy to release 172mn barrels from the country’s Strategic Petroleum Reserve last week.

Venezuela oil output tops 1mn bpd as post-Maduro reforms and US ties reshape sector

19 March 2026

Venezuela’s oil sector is showing renewed momentum, with crude production rising close to 10% in February to surpass the symbolic threshold of 1mn barrels per day, according to figures from OPEC.

Canadian regulator projects long-term boom in domestic gas production

19 March 2026

A new report from the Canada Energy Regulator sees gas production rising across all presented scenarios.

US refiners ramp up Venezuelan crude intake as global oil flows shift

18 March 2026

Imports of Venezuela’s heavy crude — a key feedstock for complex Gulf Coast refineries — jumped sharply in early March, with volumes rising in a short span

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Anna Kachkova

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