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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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Turkey extends expiring Russian gas import contracts by year, announces plans to invest in US gas production
Turkey has extended its expiring Russian gas import contracts by a year, energy minister Alparslan Bayraktar announced on December 4.
Venezuelan oil shipments edge higher despite operational strains and US pressure
Venezuela lifted crude and fuel exports to roughly 921,000 barrels per day (bpd) in November 2025
Canada’s Enbridge unveils 2026 financial guidance
Canada-based pipeline firm Enbridge is targeting adjusted earnings before interest, income taxes and depreciation (EBITDA) of CAD20.2-20.8bn ($14.5-14.9bn) in 2026.
Alberta, Ottawa enter new era of energy collaboration
The federal government of Canada and provincial government of Alberta have signed an energy agreement.
Targa expands in US’ Permian Basin with Stakeholder acquisition
US midstream player Targa Resources has struck a deal for a wholly owned subsidiary to acquire Stakeholder Midstream for $1.25bn in cash.
Tensions rise as Venture Global accuses Shell of campaign of destruction
After a lengthy arbitration case that ruled in Venture Global’s favour, the bad blood between the two LNG rivals appears to be getting worse.
Oil markets eye Venezuela as JPMorgan flags transition risk to global supply
The bank’s latest outlook links renewed speculation over institutional change in Caracas to the US military build-up in the Caribbean and rising geopolitical pressure on Nicolás Maduro
Venezuela condemns US court approval of $5.9bn Citgo sale as “barbaric dispossession”
Venezuela has slammed a United States court decision authorising the sale of oil company Citgo to settle billions of dollars in debt, calling the move "fraudulent" and a violation of its sovereign assets.
US LNG plants use record level of natural gas three days in a row
Demand for feedgas at US LNG plants soared to a record high on November 28.
Woodfibre LNG receives second floatel to house workers
Woodfibre LNG has welcomed a second floatel to accommodate workers at its site.
Surging US and Russian LNG exports push gas prices to 18-month low
LNG prices in Europe have dropped to their lowest levels in 18 months, thanks to surging supply and subdued demand across the continent.
Chevron confronts higher legal risk in Venezuela after US terror designation
Chevron Corp. and a small group of foreign oil producers are navigating a tougher landscape in Venezuela after Washington labelled the Cartel de los Soles a foreign terrorist organisation
US gas exports to Mexico hit all-time high in May amid rising power demand
Pipeline deliveries of US natural gas to Mexico climbed to an unprecedented 7.5 billion cubic feet per day (Bcf/d) in May 2025, driven by rising fuel needs in Mexico’s power sector, the US Energy Information Administration (EIA) said on Friday
Venezuela appeals to OPEC for support as tensions with US escalate
Nicolás Maduro has called on OPEC to intervene as Venezuela faces what he describes as “growing and illegal threats” from the United States and President Donald Trump
Venezuela’s Vice President calls for cooperation in energy sector
Her remarks came as she criticised the US Southern Command’s military presence, arguing that disputes over energy assets should be resolved through legal frameworks rather than force
PDVSA Ad Hoc moves to appeal US court’s approval of $5.9bn Citgo bid
Venezuela’s PDVSA Ad Hoc Board sharply criticised a ruling by US Judge Leonard Stark that endorsed a $5.9bn bid for PDV Holding, the parent company of Citgo Petroleum
Iraq ranks as the third-largest crude exporter to US
Iraq has recently ranked third among exporters of crude oil to the United States, marking a significant increase in shipments, according to data released by the US Energy Information Administration (EIA)
Brazil targets fuel sector in tax and laundering probe
Brazilian federal and state authorities carried out a coordinated operation on to break up an alleged tax-evasion and money-laundering network linked to the fuel sector, officials said.
Venezuela’s oil will be valuable in the West for years to come, says leading analyst
Venezuela’s heavy crude production and exports are being scrutinised by analysts and politicians, amidst questions of whether the administration of Donald Trump will attempt regime change in the South American country.
Elliott-backed Amber wins Venezuela’s Citgo auction as court clears path for sale
A federal judge in Delaware has endorsed a $5.9bn offer from Amber Energy, an affiliate of Elliott Investment Management, effectively positioning the fund to take control of Citgo Petroleum’s parent company
Chevron reroutes tanker as US naval move hits Venezuela’s oil flows
Venezuela has turned to Chevron Corp. to secure a critical shipment of naphtha after a US warship’s manoeuvre near the country’s coastline hindered the passage of a Russian vessel carrying the material
Maduro brandishes Bolívar’s blade — and oil leverage — as US pressure mounts
Nicolás Maduro placed Simón Bolívar’s blade at the centre of a carefully choreographed show of defiance, using the historic sword as the focal point of a vow to resist mounting pressure from the United States
WhiteWater to boost capacity on Eiger Express gas pipeline out of US’ Permian Basin
WhiteWater announced on November 24 that it was expanding the capacity of the Eiger Express gas pipeline’s mainline.
Trump administration unveils plans to expand oil and gas drilling in federal waters
The administration of US President Donald Trump wants to open more federal acreage to drilling for oil and gas.
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