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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Citgo auction hinges on US court ruling Over PDVSA 2020 bond

11 September 2025

The long-running auction of Citgo Petroleum, the US-based refining arm of Venezuela’s PDVSA, has entered a decisive stage with a sharp split emerging among creditors

Maduro accuses US of using military deployment to seize Venezuela’s resources

11 September 2025

According to Maduro, the United States is eyeing control of oil and gas reserves located in the Caribbean basin, alongside gold deposits, fertile farmland and water resources

JERA joins in on Alaskan LNG action

11 September 2025

JERA has signed a non-binding deal to buy 1mn tpy of LNG from the planned $44bn Alaska LNG project, giving the long-delayed venture new momentum.

Cenovus to sell WRB Refining interest to Phillips 66 for $1.4bn

11 September 2025

Cenovus Energy announced on September 9 that it had agreed to sell its 50% interest in the WRB Refining to its existing partner in the joint venture, Phillips 66.

Strathcona sweetens MEG offer in effort to outbid Cenovus

11 September 2025

Strathcona Resources announced on September 8 that it was amending its takeover offer for MEG Energy.

US LNG gathers even more momentum

11 September 2025

Various US LNG projects are making progress, led by a final investment decision on Rio Grande LNG Train 4.

Toronto-listed Condor kicks off multi-well programme in Uzbekistan

10 September 2025

Toronto-listed Condor Energies has started a multi-well drilling programme in Uzbekistan as it seeks to expand gas and condensate reserves and increase production capacity.

Blue Water bids $10bn for Venezuela’s Citgo, offers bondholders cash and equity

9 September 2025

Blue Water Acquisition Corp., a special purpose acquisition company, has submitted a $10bn offer for PDV Holding, the parent company of Venezuelan refiner Citgo Petroleum, including a $3.2bn settlement for holders of a defaulted Venezuelan bond

Venezuela reports crude output growth amid US sanctions and regional tensions

9 September 2025

State-owned Petróleos de Venezuela (PDVSA) reported that the country’s crude oil production continues to expand despite ongoing sanctions and external pressures

A tale of two majors

8 September 2025

BP has been unable to sell its stake in Rosneft despite pledging to leave Russia in 2022, while ExxonMobil, forced out of Sakhalin-1 the same year, may now be invited back under new Kremlin rules.

Chevron’s return helps push Venezuela’s oil exports to highest since November

8 September 2025

Venezuela’s crude exports climbed to their strongest level since November, topping 900,000 barrels per day (bpd) in August, after Washington granted Chevron a licence to resume shipments to the United States

ConocoPhillips selected by Monkey Island LNG to provide liquefaction technology

7 September 2025

Louisiana-based Monkey Island LNG has chosen ConocoPhillips to provide its optimized cascade process liquefaction technology to be used at its export facility.

US introduces bill to aid LNG exports to Taiwan

6 September 2025

A bipartisan bill was introduced by two Senators on September 5 seeking to boost LNG exports to Taiwan.

Canada considers LNG export terminal in Saint John

6 September 2025

New Brunswick’s Minister of Natural Resources is touting the eastern province for an LNG export terminal.

Canada’s Woodfibre LNG sees costs skyrocket as construction hits halfway point

6 September 2025

The delivery of four more plant modules comes with a new cost estimate of a 73% increase for the project.

ConocoPhillips to cut global workforce by 20-25%

4 September 2025

ConocoPhillips confirmed to several media outlets on September 3 that it was planning to reduce its global workforce by 20-25%.

Plains to buy 55% in EPIC Crude for $1.6bn

4 September 2025

A subsidiary of Plains All American Pipeline and Plains GP Holdings has agreed to buy a 55% non-operated stake in EPIC Crude Holdings from Diamondback Energy and Kinetik Holdings for around $1.57bn.

Cenovus’ plan to take over MEG faces opposition

4 September 2025

Cenovus Energy has agreed to acquire MEG Energy but the deal is not guaranteed to close.

EQT to buy LNG from Rio Grande Train 5

4 September 2025

US gas producer EQT announced on September 3 that it had agreed to buy LNG from the proposed fifth train at NextDecade’s Rio Grande LNG.

Maduro accuses US of plot to seize Venezuela’s oil

4 September 2025

Maduro said the White House is “fabricating a narrative” about drug trafficking to mask its true intentions

UK firm proposes new Canadian LNG terminal in Newfoundland

3 September 2025

London-based Crown LNG Holdings is attempting to woo the Canadian government to support a proposed $15bn LNG terminal in the country’s east province Newfoundland and Labrador.

US reports highest monthly LNG exports in August

3 September 2025

The US has recorded its best month ever for LNG exports shipping 9.33mn tonnes of the super-chilled fuel in August.

Venezuela projects 9% growth, calls on European oil firms to bypass US sanctions

3 September 2025

“Until when will Europe subordinate itself to what’s in charge in Washington? Here you are free, come and produce,” Maduro said

Venture Global nears producing LNG from all blocks at Plaquemines plant

2 September 2025

US LNG giant Venture Global could be producing LNG shortly from all the blocks at its massive Plaquemines facility.

Japan’s crude procurement sees a quiet shift in sources

1 September 2025

In July, Japan witnessed a marked realignment in its crude-oil supply chain. Notably, Arab-sourced imports declined, accounting for just 87.6% of total imports, while the United States commanded a larger share, accounting for 9.4%.

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