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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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PDVSA, Schlumberger forge partnership to expand energy cooperation
Venezuela has signed a memorandum of understanding with oilfield services giant Schlumberger Limited
Venezuela, US hold energy talks as oil sector recovery accelerates
Venezuelan interim President Delcy Rodríguez met with senior US officials to review the bilateral energy agenda, highlighting deepening cooperation as the South American country expands oil production and attracts foreign investment
Lazard offers cut-price bid for Venezuela debt advisory role
Lazard has made a $25mn proposal to become Venezuela’s financial adviser for its sovereign and PDVSA debt restructuring, challenging the appointment of Centerview Partners in what could become one of the world’s largest debt overhauls
US capital targets Venezuela as investment interest accelerates
US investors are moving quickly to gain exposure to Venezuela following political changes earlier this year and the reopening of key sectors to foreign capital, with oil assets attracting the strongest interest
China debt clouds Venezuela’s restructuring efforts
Philip Luck of the Center for Strategic and International Studies warned that any IMF-backed restructuring could face difficulties if other creditors are asked to accept losses while Chinese claims retain preferential treatment
US sees rising demand for Venezuelan crude as output expands
US Energy Secretary Chris Wright said American refineries are capable of processing more Venezuelan crude and are expected to increase purchases as the country’s oil production continues to recover
Trafigura, Vitol target Asia as Venezuelan oil output climbs
Recent outreach has included South Korea, Malaysia and India, where traders have pitched Venezuelan barrels at competitive prices
London-listed oil player Pennpetro eyes expansion in Ukraine and US
Pennpetro Energy plans to acquire an initial minority stake in the Limnytska oil and gas licence in western Ukraine as it looks to build a diversified portfolio of producing and near-term oil and gas assets.
Greece’s Atlantic-SEE LNG doubles purchase volume from Venture Global
Venture Global has agreed to double its supply volume to Atlantic-SEE LNG from its existing sales and purchase agreement.
India pivots to US for LNG supply
US supplied India with over 40% of its LNG supply in May.
US expands authorisations for Venezuela energy and mining operations
Washington authorised new activities involving the export, marketing and transportation of Venezuelan crude oil and petrochemical products to the United States by US companies
Venezuela authorises Shell to advance Loran gas project
The authorisation was announced during a ceremony in Caracas led by interim president Delcy Rodríguez
Delfin takes FID on first US FLNG project
Delfin Midstream has announced a final investment decision on the first FLNG vessel of its Delfin LNG project.
US shale driller Devon updates 2026 outlook following close of Coterra merger
US shale producer Devon Energy provided an updated 2026 outlook this week, which follows the closing of its merger with Coterra Energy in May.
SLB OneSubsea wins subsea boosting contract at BP’s Thunder Horse project
SLB OneSubsea announced this week that it had been awarded an engineering, procurement and construction contract by BP to provide a subsea boosting system for the Thunder Horse project in the US Gulf of Mexico.
India explores Canadian crude imports
India is considering Canada as a potential source of crude oil imports, with the country's newer refineries well-suited to processing heavy crude grades produced in Canada.
Venezuela’s export surge masks production gap, analyst says
Venezuela’s oil exports outpaced its production in May, underscoring a growing reliance on stored crude to sustain shipments abroad, according to Antonio de la Cruz, president of Inter American Trends
US EIA predicts gaping deficit in oil supply for full year
Supply will fall 7mn bpd, and demand by only 1mn bpd.
Germany’s Uniper Inks Preliminary Deal to Buy LNG from Canada’s Ksi Lisims
Germany's state-owned energy company Uniper has agreed to a preliminary deal to purchase LNG from Canada’s Ksi Lisims project.
Sempra’s Mexico project Energia Costa Azul produces first LNG
US LNG developer Sempra Infrastructure has achieved first LNG at its Energia Costa Azul project in Ensenada, Mexico.
US overtakes Gulf suppliers as India’s top LPG, LNG source in May
The United States became India’s largest supplier of liquefied petroleum gas (LPG) and liquefied natural gas (LNG) in May, overtaking traditional Gulf exporters.
US envoy says Venezuelan oil exports hit seven-year high
US Chargé d'Affaires John Barrett said in a post on social media that the export performance stemmed from a three-stage strategy designed by Secretary Marco Rubio and President Donald Trump
US energy giants pursue Syria oil and gas investments at World Energy Forum
Syrian Energy Minister Mohammed Al Bashir met with US Energy Secretary Christopher Wright in Washington on June 8 to discuss expanding bilateral energy-sector cooperation and attracting American investment into Syria’s energy and infrastructure.
US delegation to press Venezuela for deeper oil sector reforms
A delegation of officials from the Trump administration is expected to travel to Venezuela in the coming days to encourage further changes to the country’s Hydrocarbons Law
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