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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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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.
ExxonMobil pauses Texas blue hydrogen project
ExxonMobil has paused its development of a blue hydrogen project at its refining and chemical complex in Baytown, Texas.
Maduro weighs oil cargoes as leverage in potential Venezuela-US talks
Venezuela’s Nicolás Maduro is prepared to leverage the country’s crude exports — which overwhelmingly flow to China — if negotiations with Washington gain traction
Venture Global strikes long-term LNG deal with Japan's Tokyo Gas
US LNG developer Venture Global has entered into a deal with Japan’s Tokyo Gas for 1mn tonnes per year (tpy) of LNG over a 20-year period, with deliveries scheduled to begin in 2030.
India’s Russian oil imports set for three-year low in December
India’s intake of Russian crude is expected to fall to its lowest level in at least three years in December as refiners scale back purchases to avoid breaching tightened Western sanctions
US lawmaker says Venezuela intervention could boost economy via oil
Republican Representative María Elvira Salazar argued that a potential US intervention in Venezuela would yield “very good news for the US economy”
McDermott and Chiyoda ink contract amendment for Golden Pass LNG Trains 2 and 3
US contractor McDermott and its Japanese joint venture partner Chiyoda International have signed a contract amendment for the construction of liquefaction Trains 2 and 3 at the Golden Pass LNG project.
NextDecade begins regulatory process for Train 6 at Rio Grande plant
US LNG developer NextDecade has commenced the pre-filing process with federal regulators to expand its Rio Grande LNG plant with a sixth liquefaction unit.
Saudi Aramco seeks bigger footprint in US LNG sector with new MoUs
Aramco has signed MoUs with MidOcean Energy and Commonwealth LNG.
LNG Canada ships 25th cargo since launch in late June
LNG Canada has shipped its 25th cargo since the export terminal came online in late June.
Singapore’s GasCo on the hunt for Q1 2026 LNG
Singapore’s newly established state gas buyer, GasCo, plans to solicit long-term LNG supply offers in the first quarter of 2026 for delivery beginning in 2028, as part of efforts to close a looming supply gap.
Orlen’s US LNG supplies to Naftogaz may reach 1 bcm in 2026
Trump “peace deals” could push oil lower if Venezuela shifts
Treasury Secretary Scott Bessent said the US economy is benefiting from President Donald Trump’s recent peace agreements and suggested oil prices could slide further if developments unfold in Venezuela
US, Bosnia aim to speed up Southern Interconnection construction
US diplomats and political leaders in the Bosnian Federation entity signalled movement on long-delayed plans to build a strategic gas pipeline linking the country to US LNG imports via Croatia.
Chevron seeks long-term presence in Venezuela
Chevron Corp., the last major US oil producer still active in Venezuela, is positioning itself to stay in the country for the long run despite sanctions and geopolitical tensions
EIA: US rig count drops despite production soaring to record highs
The number of active oil and gas rigs in the US has fallen considerably over the past three years
Trump reopens Alaska drilling rolling back Biden-era limits
US President Donald Trump’s administration has rescinded limits in Alaska on oil and gas drilling.
US super-majors circle around Lukoil’s assets in Kazakhstan and Iraq
Exxon Mobil has reportedly joined Chevron in exploring potential acquisitions of Lukoil’s international assets since the US Treasury authorised companies to begin discussions with the sanctioned Russian oil firm.
Venture Global applies for FERC approval for expansion of Plaquemines
US LNG developer Venture Global has submitted a permit application for the expansion of its Plaquemines project with the Federal Energy Regulatory Commission.
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