NorthAmOil - North America Oil & Gas

Canada’s Cedar LNG gets approval to increase future production capacity

Cedar LNG has received approval from British Columbia’s environmental regulator to raise its future production capacity.

Venezuela sees 17% oil production growth by 2028, with execution key

Venezuela's oil industry is entering a new stage of its recovery, with attention turning from regulatory change and market access to the more difficult task of delivering sustained increases in production

India’s Venezuelan oil imports hold firm as refining capacity expands

Indian ports received 10.1mn barrels of Venezuelan crude in June, nearly unchanged from May's 10.2mn barrels and well above April's 8.3mn and March's 900,000 barrels. Another 7.7mn barrels are scheduled to arrive in July

Glut of LNG supply pushed back to 2028

Damage to Qatar’s Ras Laffan Industrial Complex and the blocking of the Strait of Hormuz by Iran has delayed the oversupply of LNG to the market.

OPEC reflects on its superpower era

War‑time disruption, sanctions and the UAE’s exit have exposed the limits of OPEC’s market power, leaving the cartel more constrained, more reactive and less central to price formation

OPEC takes aim at the IEA over oil and gas forecasts

OPEC warns that pessimistic demand forecasts and financing restrictions risk deterring oil and gas investment.

Shell gives go-ahead to Caribbean LNG regasification plant in Bahamas

Shell has approved an investment in a small LNG receiving terminal in the Bahamas and begun construction at the project site.

Glenfarne announces $500mn investment to support Texas LNG

Glenfarne Group has secured a $500mn investment, with the lead investors involved being investment funds and accounts managed by HPS Investment Partners, to support the continued development of its Texas LNG project.

Mitsubishi closes acquisition of Aethon’s Haynesville shale assets

Japan’s Mitsubishi has closed its acquisition of Aethon Energy Management’s assets in the US’ Haynesville shale gas play.

Pathways CCS project in Canada’s oil sands takes step forward

The governments of Canada and Alberta have reached an agreement with leading oil sands companies to help them raise production while building CCS capacity.

Africa's LNG ambitions gather pace amid record global trade, says IGU report

Africa is steadily carving out a more prominent role in the global LNG industry.

Shell moves Venezuela's Dragon gas project forward with drilling tender

The contract is expected to be awarded by the end of September, although it will only become effective if the partners make a final investment decision on the 119bn cubic metres development

Vietnam’s demand boosts prospects for US ethanol exports

Vietnam is emerging as an increasingly important destination for US ethanol, driven by stronger biofuel policies and rising fuel consumption.

Abu Dhabi's ePointZero acquires US mistream company Traverse Midstream Partners for $2.25bn

Abu Dhabi-backed investment company ePointZero Group has completed its $2.25bn acquisition of US midstream company Traverse Midstream Partners.

LNG Canada reaches equity deal with 5 First Nations

Shell-operated LNG Canada and its joint venture partners have agreed to an equity option agreement with MNT Investments, a limited partnership consisting of the economic development organizations of five neighbouring First Nations.

Trump says US controls Venezuelan oil, signals push for allies to share security costs

US President Donald Trump said the US controls Venezuela's vast oil resources, linking the country's energy wealth to a broader argument that Washington should be compensated by allied nations

US LNG exports to Latin America unlikely to stay at three-year high as regional supply pressures ease

Tanzania delays $420mn Canadian-backed gas-to-liquids plant pending gas supply assurance

Tanzania has delayed signing a gas supply agreement needed to advance a planned $420mn gas-to-liquids (GTL) plant, with state-owned Tanzania Petroleum Development Corporation saying natural gas will remain prioritised for electricity generation

Shell delivers US LNG cargo to Bulgargaz for winter storage

UK-based energy company Shell has delivered a cargo of US LNG to Bulgaria's state-owned gas supplier Bulgargaz via the Alexandroupolis LNG terminal in Greece.

Venezuela oil sector holds steady after quakes as investment hopes face uncertainty

OPEC’s leverage narrows as war and exits reshape supply

Sanctions on Iran, war‑time disruptions and the UAE’s departure from OPEC have eroded the cartel’s capacity to shape prices, leaving it increasingly reactive and internally constrained

Report: Global LNG trade climbs by 6% in 2025

Global LNG trade experienced a banner year in 2025 rising by 6.3% to reach a record volume of 437 mn tonnes, according to the International Gas Union’s World LNG Report .

Europe is heading for gas volume crunch this winter, Eni chief warns

Europe is heading towards a shortage of physical gas supplies rather than another spike in prices, according to the head of Italy's energy major Eni, who warned that the continent faces its tightest supply buffer since the 2022 energy crisis.

Venezuela faces pressure to fast-track landmark debt overhaul after earthquakes

The government aims to complete the initial stages of restructuring sovereign and PDVSA debt, launched in May, by November to unlock foreign investment in sectors including oil and power

Wildcatters rush into Venezuela oil bet despite earthquake fallout

Independent oil investors are pressing ahead with plans to re-enter Venezuela following the US capture of Nicolás Maduro, betting they can revive the country's struggling energy sector despite the disruption caused by earthquakes