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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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Venezuela launches broad investigation into former opposition over Citgo
US court ruling bolsters PDVSA bondholders as Citgo auction advances
A US federal judge has upheld the legality of Petróleos de Venezuela SA’s 2020 bonds, dealing a setback to the Venezuelan state oil company as it tries to shield its prized US refining asset Citgo from creditors
Mexico and Canada close ranks ahead of USMCA review
Mexico and Canada have stepped up efforts to consolidate their bilateral relationship in anticipation of the 2026 review of the United States-Mexico-Canada Agreement.
New Fortress Energy and Puerto Rico agree on long-term LNG supply deal
US firm New Fortress Energy has inked a 7-year LNG supply deal with the Puerto Rico Public-Private Partnerships Authority and the Third-Party Procurement Office.
Democratic Senators push Trump to ramp up targeted sanctions on Russian LNG
Calls are mounting by Democratic senators for US President Donald Trump to increase targeted sanctions on Russia’s LNG sector.
EU plans to move forward Russian LNG import ban in new sanctions package
The EU is considering moving ahead one year its ban on Russian LNG imports to come into force at the start of 2027.
Canada’s MEG urges shareholders to reject Strathcona’s revised bid
MEG Energy's board of directors had reaffirmed its “unanimous” recommendation that shareholders approve a proposed takeover by Cenovus Energy, rejecting a revised offer by Strathcona Resources.
Canada’s Ksi Lisims LNG obtains regulatory approvals
The proposed Ksi Lisims LNG project in British Columbia has received two separate regulatory approvals.
Chord to buy ExxonMobil assets in US’ Williston Basin
Chord Energy is buying Williston Basin assets from ExxonMobil’s XTO Energy for $550mn.
Delaware court opens Venezuela’s Citgo sale battle as creditors vie for control
A high-stakes auction over shares in Citgo Petroleum’s US parent company, owned by Venezuela, began on September 16 in a Delaware, US courtroom, setting the stage for a contentious showdown between creditors and potential buyers.
Chevron’s Venezuela comeback faces political headwinds and market risks
Chevron has restarted its operations in Venezuela amid persistent political tensions between Washington and Caracas, raising concerns over the long-term stability of the US major’s Venezuelan projects
IEA warns that output at existing oil and gas fields is falling faster than expected
Analysis of thousands of reservoirs shows that many of the largest conventional fields have already peaked, while unconventional sources such as shale need constant drilling to maintain production.
Panama Canal plans $8bn gas pipeline to link Atlantic and Pacific by 2027
The Panama Canal Authority is advancing discussions on a multi-billion-dollar gas pipeline across the isthmus, a project it expects to begin constructing in 2027 as part of its broader 2025–2035 strategic plan.
Delaware court opens Venezuela’s Citgo sale battle as creditors vie for control
A high-stakes auction over shares in Citgo Petroleum’s US parent company, owned by Venezuela, began in a Delaware courtroom, setting the stage for a contentious showdown between creditors and potential buyers
Indonesia reviews US fuel imports as domestic shortages persist
Indonesia’s Trade Minister, Budi Santoso, has confirmed that plans to import petroleum products from the United States remain under inter-ministerial review
Delaware court upholds Amber Energy bid in Citgo sale dispute
A Delaware court rejected Canadian miner Gold Reserve’s attempt to block Amber Energy, an Elliott Investment Management subsidiary, from proceeding with its bid for the parent company of Venezuelan-owned refiner Citgo Petroleum
Baker Hughes to supply liquefaction equipment for Rio Grande LNG plant in Texas
US energy technology firm Baker Hughes has been selected by engineering company Bechtel Energy to supply liquefaction equipment for NextDecade’s Rio Grande LNG plant.
Monkey Island LNG inks deal with McDermott and offtake MoU
Louisiana-based Monkey Island LNG has signed a deal with McDermott to provide front-end engineering and planning services.
ExxonMobil expects EU to shift from LNG spot market to long-term deals
Bloc’s pledge to buy $750bn of US energy exports paves the way for multi-decade LNG deals to be signed.
Citgo auction hinges on US court ruling over PDVSA 2020 bond
The long-running auction of Citgo Petroleum, the US-based refining arm of Venezuela’s PDVSA, has entered a decisive stage with a sharp split emerging among creditors
Maduro accuses US of using military deployment to seize Venezuela’s resources
According to Maduro, the United States is eyeing control of oil and gas reserves located in the Caribbean basin, alongside gold deposits, fertile farmland and water resources
JERA joins in on Alaskan LNG action
JERA has signed a non-binding deal to buy 1mn tpy of LNG from the planned $44bn Alaska LNG project, giving the long-delayed venture new momentum.
Cenovus to sell WRB Refining interest to Phillips 66 for $1.4bn
Cenovus Energy announced on September 9 that it had agreed to sell its 50% interest in the WRB Refining to its existing partner in the joint venture, Phillips 66.
Strathcona sweetens MEG offer in effort to outbid Cenovus
Strathcona Resources announced on September 8 that it was amending its takeover offer for MEG Energy.
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