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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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Golden Pass targets mid-April to load first cargo
Feedgas flows to the giant LNG export terminal have soared ahead of first cargo loading.
Japan’s JERA annuls deal with Commonwealth LNG
Japan’s largest energy company JERA has terminated its long-term LNG sales and purchase agreement with US developer Commonwealth LNG.
Shell weighs expanded Venezuela gas push as talks advance
The London-based energy group is aiming to take a final investment decision on Dragon by the end of the year, while simultaneously assessing nearby zones linked to the Mariscal Sucre development
US appeals court backs Argentina in YPF case
An appeals court in New York has overturned a multibillion-dollar judgment against Argentina in a long-running dispute over the nationalisation of oil and gas company YPF
OFAC clarifies compliance rules for Venezuela energy and mining Operations
The clarification reinforces that limited activities remain permitted under specific licences, while detailing how non-US companies can operate without breaching restrictions
Sable restarts oil sales from Santa Ynez Unit platforms offshore California
Sable Offshore has restarted oil sales from the Santa Ynez Unit offshore California, while also ramping up production at the unit by bringing a second platform online.
Cheniere achieves substantial completion on Train 5 of Corpus Christi LNG Stage 3
Leading US LNG producer Cheniere Energy has achieved substantial completion on Train 5 of the Corpus Christi Liquefaction Stage 3 expansion project.
US gasoline prices rise above $4 per gallon
Average gasoline prices in the US rose above $4 per gallon ($1.06 per litre) this week.
Golden Pass terminal produces first LNG
The Golden Pass LNG export terminal on the Texas Gulf Coast has produced its first LNG, marking substantial completion of construction and commissioning at Train 1.
Cyclone shuts down Australian LNG plants further squeezing supply
Around 8% of the world’s LNG supply was disrupted by cyclone Narelle off the western coast of Australia.
Brazil plant drives offshore push
NOV, a Houston-based company tha provides oilfield equipment and technologies, said it will invest $200mn to expand its subsea flexible pipe plant in Açu, Brazil, aiming to increase capacity to meet offshore demand linked to deepwater projects.
Venezuela oil overhaul faces investor scepticism despite US push
US officials say control over Venezuela’s oil revenues will help keep Caracas aligned with global partners until elections are held
Venezuela and Texas representatives seal oil pact to boost production from 2026
The Venezuelan government and Texas oil businessmen have formalised a bilateral energy agreement set to take effect in 2026
Venezuela oil output reaches 1.1mn bpd as US exports jump
Interim President Delcy Rodríguez disclosed the data during a virtual address to a conference in Miami on March 25, pointing to a recovery in output that includes condensate and natural gas liquids
Japan steps up efforts at oil diversification
Japan is stepping up efforts to diversify its crude oil supply as the crisis in Iran and the de-facto blockade of the Strait of Hormuz expose the country’s heavy reliance on Middle Eastern imports.
Venezuela rebukes Machado’s energy sector privatisation plan
In a statement, authorities pushed back against a proposal unveiled by Machado in the US, where she argued that state control should be dismantled in favour of a model in which private actors dominate
US weighs broader sanctions relief on Venezuela as oil companies reassess
The Trump administration is mulling easing restrictions on Venezuela’s oil industry as it seeks to temper a sharp rise in global crude prices
Venture Global reaches settlement with Edison over Calcasieu Pass cargo deliveries
US LNG giant Venture Global has come to a settlement agreement with Italy’s Edison of the pending arbitration case concerning Venture Global’s failure to deliver cargoes from its Calcasieu Pass plant.
Venture Global, Vitol sign LNG offtake agreement
US LNG producer Venture Global and commodity trader Vitol have signed a new binding five-year LNG offtake agreement.
Coastal GasLink, LNG Canada sign agreement ahead of potential second phase
Pipeline operator TC Energy's Coastal GasLink unit has entered into commercial agreements with LNG Canada ahead of a potential second phase for both projects.
TotalEnergies to redirect capital from US offshore wind to oil and gas
TotalEnergies has struck a deal with the Trump administration to abandon its US offshore wind leases and redirect recovered lease fees to fossil fuel projects.
Japan seeks new IEA oil release to curb prices
Venezuela oil exports reached $18.2bn in 2025
Venezuela’s oil export revenues showed only marginal growth in 2025 despite a sharp rebound late in the year, underscoring continued volatility in the country’s external accounts
Chevron sees rising output in Venezuela but flags legal uncertainty
Speaking at the CERAWeek conference in Houston, Wirth said recent reforms mark progress but fall short of providing the predictability needed to unlock broader capital flows
Bosnia weighs US LNG imports via Croatia’s Krk terminal
Bosnia & Herzegovina is considering importing US liquefied natural gas via Krk LNG terminal in neighbouring Croatia, as part of efforts to strengthen energy security and diversify supply, the United States embassy in Bosnia said.
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