NorthAmOil - North America Oil & Gas

Maduro regime accused of using crypto to evade sanctions

The NGO Transparency Venezuela reported that the regime’s so-called national cryptocurrency system—touted as a symbol of “digital sovereignty”—was in fact used to disguise embezzlement and illegal oil sales between 2017 and 2025

Venezuela’s oil exports slide 26% in October as diluent supplies tighten

The decline followed a five-year export high in September, when stable crude output of roughly 1.1mn barrels a day and steady inflows of light crude and naphtha—mainly from Russia—had bolstered production

Chevron CEO defends continued operations in Venezuela

In an interview with CNBC, Chevron Corp.’s Chief Executive Officer Mike Wirth said Venezuelan heavy crude remains vital for US refineries

Chevron balances Trump’s Venezuela pressure with century-old stakes

Chevron, which employs 3,000 people locally, said its priority is “the safety of our personnel, the communities in which we operate, the environment and the integrity of our joint-venture assets.”

Venezuelan oil shipments to US rebound sharply after Trump’s regulatory easing

Data from the Energy Information Administration show that shipments jumped to 39,000 barrels per day in August, up 550% from July’s record low

Chevron CEO reportedly says negotiations with Kazakhstan off to “good start”

Chevron’s discussions with the government of Kazakhstan on an extension of its operating concession have begun on a positive note, Upstream reported on November 3, citing the company’s CEO Mike Wirth, who spoke during a quarterly earnings call.

Shell reports third quarter profit beat paced by LNG trading

Supermajor Shell reported a third quarter profit of $5.4bn, beating forecasts on the back of 12.2bn in cashflow from operations.

Strong LNG demand spurs rise in third-quarter profits for Cheniere

The US’s biggest LNG developer Cheniere Energy reported a revenue jump in its third quarter profits on the back of high demand for LNG.

Shell hints at start-up of second train at LNG Canada before end of year

Supermajor Shell forecasts that the second liquefaction train at LNG Canada will come online before the end of the year, the company’s Chief Financial Officer Sinead Gorman stated.

China’s Hudong-Zhonghua Shipbuilding to deliver record four LNG carriers in October

China’s largest LNG carrier builder Hudong-Zhonghua Shipbuilding has delivered four high-tech LNG carriers in the month of October.

Russia’s LNG exports soar by 21% in October

The commencement of cargoes from Arctic LNG 2 has taken Russia’s LNG exports to new levels.

Repsol seeks stable framework for Venezuelan gas operations, CEO says

Repsol Chief Executive Officer Josu Jon Imaz said the Spanish energy company is maintaining a “constructive and transparent” dialogue with authorities, including in the United States

CITGO wins $54mn in appeal over Venezuela oil seizure

The Second Circuit upheld a lower court’s decision requiring a syndicate of reinsurers, including several Lloyd’s underwriters, to pay out under a war-risk policy

Oil and gas explorer 88 Energy reports progress across portfolio, provides update for PEL 93 in Namibia

Australian oil and gas exploration company 88 Energy on October 30 provided a market update in its quarterly activities report for the period ending September 30, 2025.

Venezuela relations with Trinidad and Tobago deteriorate, gas deals suspended

Venezuela has suspended all gas and energy cooperation agreements with neighbouring Trinidad and Tobago after accusing the Caribbean two-island nation of aligning with the US amid rising regional tensions, Caracas officials said on October 27.

Saudi Arabia, Iraq top US Crude Imports from OPEC in July 2025

The US imported more than 20mn barrels of crude oil from OPEC countries in July 2025, according to newly released data from the US Energy Information Administration (EIA), with Iraq ranking as the second-largest exporter among the group

Trump administration reopens Alaska’s ANWR Coastal Plain to oil and gas leasing

The administration of US President Donald Trump has reopened the Coastal Plain of Alaska’s Arctic National Wildlife Refuge (ANWR) to oil and gas leasing.

Speculation rises over potential revival of Keystone XL pipeline from Canada to US

Canadian officials have recently raised the possibility of reviving the Keystone XL pipeline to the US.

Sable’s Santa Ynez offshore storage proposal in California to reportedly cost $1.7bn

Sable Offshore is exploring the option of using an offshore storage and treating vessel to market oil produced from the Santa Ynez project in waters off the coast of California.

Venezuela sustains crude shipments amid US Caribbean deployment

The country, home to the world’s largest oil reserves, has managed to sustain shipments through sanctioned and shadow channels, with Chevron and other firms operating under US exemptions continuing production

Venezuela threatens to end energy pact with Trinidad over US naval drills

Vice President Delcy Rodríguez announced the proposal following a meeting with oil industry officials, describing Trinidad and Tobago’s support for the US manoeuvres and the presence of the USS Gravely as an act of “aggression”

India boosts US oil imports to highest level since 2022

India’s crude oil imports from the United States have risen to their highest level since 2022, reflecting New Delhi’s strategy to diversify energy sources and ease trade frictions with Washington

US slaps heavy energy, financial sanctions on Russia

Secondary sanctions on China, India key to US efforts to clamp down on Russian oil exports

Their effectiveness, however, will depend heavily on the level of enforcement and on how far the US is prepared to pursue secondary sanctions against major economies such as China and India.

Tokyo Gas inks Letter of Intent for LNG from Alaska project

Tokyo Gas has signed a Letter of Intent with US developer Glenfarne for 1mn tonnes of LNG from the Alaska LNG project.