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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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Venezuela courts Maurel & Prom as Oil law reform aims to lift output
Venezuela’s interim president Delcy Rodríguez met with executives from France’s Maurel & Prom as the government steps up efforts to attract foreign partners and revive domestic hydrocarbon production
Repsol resumes Venezuelan crude imports after US sanctions eased
Spain’s Repsol SA has begun receiving about 2mn barrels of Venezuelan heavy crude at its refineries, marking its first intake from the country in more than a year following a relaxation of US oil sanctions
India signals openness to Venezuelan crude as US pressure curbs Russian supplies
India is prepared to consider resuming oil imports from Venezuela, positioning Caracas as a potential energy partner as New Delhi confronts the need to replace Russian barrels under pressure from the US
Repsol resumes Venezuelan crude imports after US sanctions eased
Spain’s Repsol SA has begun receiving about 2mn barrels of Venezuelan heavy crude at its refineries, marking its first intake from the country in more than a year following a relaxation of US oil sanctions
ConocoPhillips puts debt recovery ahead of new drilling in Venezuela
ConocoPhillips is prioritising efforts to recover billions of dollars owed by Venezuela rather than rushing back into drilling or new oil developments, according to Chief Executive Officer Ryan Lance
Canadian think tank makes case for stalled Quebec LNG project
The proposed Marinvest LNG project in Quebec is gaining traction again after receiving support from a Canadian pro-business think tank.
Brazil’s Eneva in early Venezuela oil talks
Brazilian energy company Eneva is exploring ways to enter Venezuela’s oil and gas industry and is in preliminary discussions with Sweden’s Maha Capital about a possible joint venture.
Taiwan agrees to increase US LNG imports
Taiwan has confirmed it will increase US LNG imports to comprise about one-third of its imported supply of the super-chilled fuel in 2026.
Cheniere Energy submits application for Stage 4 of Corpus Christi Plant
Cheniere Energy ups the ante in its battle with Venture Global to be the US’s top LNG developer.
Venezuela enacts sweeping changes, Trump opens up oil sector to US firms
Washington is moving toward a sweeping authorisation that would permit energy firms to extract crude in Venezuela, signalling a further rollback of restrictions.
Venezuela courts European energy investors in first foreign outreach since Maduro ouster
The talks, held in Caracas, centred on how foreign companies would operate under the new transitional framework
Venezuelan heavy crude seen targeting US refiners, not Brazilian exports
In the short term, shipments from Venezuela to the US are expected to remain below 300,000 barrels per day (bpd), while Brazil continues to channel most of its exports to Asia
US begins receiving Venezuelan crude under 50mn-barrel deal
US President Donald Trump said on February 4 that shipments were already under way, announcing after signing legislation to end the government shutdown that 50mn barrels of oil were headed to Houston
Venezuela tells China US won’t dictate oil prices, seeks to reassure investors
Venezuela has told China that the US will not determine the price of its crude and that Chinese investment in the country will remain safeguarded, according to comments by Ambassador Remigio Ceballos carried by state media
Nine Energy Service files for bankruptcy protection
Oilfield services firm Nine Energy Service announced on February 1 that it had filed for Chapter 11 bankruptcy protection.
Weatherford weighs Venezuela return as oil sector resets after Maduro capture
Weatherford is tracking political and industry shifts in Venezuela as the country reassesses its oil sector following the removal of President Nicolás Maduro last month
US returns $500mn in oil proceeds to Venezuela after January deal
The US has transferred $500mn to Venezuela following the completion of an initial oil sale agreed between Washington and Caracas last month
ExxonMobil, Chevron beat analyst expectations with fourth-quarter results
US-based supermajors ExxonMobil and Chevron both beat analyst expectations with their results for the fourth quarter of 2025, which they reported separately on January 30.
Devon, Coterra agree to shale mega-merger
Devon Energy and Coterra Energy have agreed to an all-stock merger.
US developer Commonwealth LNG seals 20-year supply contract with Mercuria
Commonwealth LNG has finalized a 20-year sales agreement with Mercuria for annual deliveries of 1mn tonnes per year of LNG.
First Greek shipment of US LNG arrives in Ukraine
Vietnam voices concern over Cuba oil tariffs
Vietnam has expressed strong concern over a newly announced plan by the United States to levy additional tariffs on products from countries that supply oil to Cuba.
LNG buyers rethink portfolios as volatility becomes structural
LNG buyers are centralising procurement, expanding trading capability and rebalancing portfolios as price swings, geopolitics and supply growth reshape purchasing strategies, executives said at LNG2026.
LNG alliances move from contracts to co-creation
Partnerships across the LNG industry are becoming deeper, longer-term and more strategic as companies seek to share risk, secure financing and navigate geopolitical volatility, executives said at LNG2026.
Venezuela, India pledge broader ties as oil sector opens to foreign buyers
Venezuela and India agreed to deepen their bilateral relationship across multiple sectors following a call between interim president Delcy Rodríguez and Indian Prime Minister Narendra Modi
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