NorthAmOil - North America Oil & Gas

Fresh bid complicates Venezuela’s Citgo sale as creditors battle for control

Court-appointed special master Robert Pincus informed Judge Leonard Stark of the offer but disclosed neither the bidder’s identity nor the submission date

Cheniere signs 21-year LNG supply deal with Japan’s JERA

US LNG giant Cheniere Energy has signed a sales and purchase agreement with Japanese oil and gas trader JERA.

TotalEnergies passes on investing in NextDecade’s Rio Grande Train 5

French supermajor TotalEnergies has chosen not to finance NextDecade’s fifth liquefaction unit at its Rio Grande export terminal in Texas.

ExxonMobil, Chevron beat profit expectations, see output rise

US-based supermajors ExxonMobil and Chevron both reported lower earnings for the second quarter of 2025 but nonetheless beat analyst expectations.

Canada's Frontera divests from Ecuadorian oil blocks

Canadian energy company Frontera Energy has agreed to divest its 50% working interest in Ecuador's Perico and Espejo blocks for CAD 10.74mn ($7.8mn) cash, with potential additional payments of $750,000 contingent on production milestones.

Oil firms’ return is lifeline for Venezuela, but Maduro downplays importance

Oxford Economics says the re-entry of Chevron and other international oil companies into Venezuela could stabilise crude output and ease currency pressures.

FERC issues final supplemental EIS for Texas LNG, Rio Grande LNG projects

The US Federal Energy Regulatory Commission has issued two separate final supplemental environmental impact statements – for the Texas LNG and the Rio Grande LNG projects.

Technip wins Commonwealth LNG EPC contract

Technip Energies has been awarded an engineering, procurement and construction contract by the Commonwealth LNG project.

Oxford sees oil firms’ return as lifeline for Venezuela’s economy but warns bonds still risky

Oxford Economics says the re-entry of Chevron and other international oil companies into Venezuela could stabilise crude output and ease currency pressures

Chevron, Valero move to restart Venezuelan heavy crude supply after new US licence

Chevron and Valero Energy are advancing talks to reinstate a supply agreement for Venezuelan heavy crude oil destined for US refineries, sources familiar with the matter said, following the issuance of a fresh licence to Chevron

Venezuelan oil exports slip 10% in July as Chevron awaits full US approval

Venezuela’s crude shipments declined nearly 10% in July from the previous month as key partners of state oil company PDVSA awaited expanded authorisations from Washington, according to vessel tracking and internal documents

Venezuela downplays Chevron’s role as US licence limits operations in the country

Venezuelan Minister of Interior Diosdado Cabello dismissed concerns over the future of Chevron’s operations in the country, asserting that the nation is not dependent on the US oil major

EU-US $750bn energy deal will undermine bloc's climate targets

The EU’s plan to invest approximately €700bn in oil, natural gas and nuclear imports from the US over the next three years has raised concerns that it could undermine the bloc’s climate targets for 2030.

LNG Canada awards engineering contract for plant’s expansion

LNG Canada has taken another key step forward towards sanctioning Phase 2 with the announcement on August 1, that it has awarded a front-end engineering and design contract for the project’s expansion.

Canada’s Woodfibre LNG grapples with rising costs

Canada’s Woodfibre LNG project is battling with climbing costs, stakeholder Enbridge revealed on a conference call.

PDVSA Ad Hoc board faces scrutiny over legal spending and worker claims

Venezuelan economist Francisco Rodríguez has accused PDVSA’s US-based Ad Hoc Administrative Board, led by Horacio Medina, of diverting significant resources to contest legal claims by more than 20,000 former oil workers in US courts

Chevron’s Venezuela oil restart stalls as refineries await shipments

Chevron Corp. has yet to dispatch any Venezuelan crude to US refiners nearly a week after receiving authorisation from the Trump administration to resume production, leaving Gulf Coast processors in limbo amid tight global supplies

Venezuela insists Chevron must pay despite sanctions restrictions

Venezuelan Interior Minister Diosdado Cabello dismissed suggestions that Chevron's renewed operations in the country would allow the US oil major to extract crude without paying royalties

Trump threatens tariffs as Canada signals recognition of Palestinian state

US President Donald Trump has threatened to impose a 35% tariff on Canadian imports as tensions rise over Canada’s plan to recognise Palestinian statehood

Five Point reportedly discussing sale in US of Northwind to MPLX for $2.3bn

Five Point Infrastructure is reportedly in talks to sell Northwind Midstream Partners to MPLX.

Brazil oil exports to restart following exemption from 50% Trump tariff

Baker Hughes to acquire Chart in $13.6bn deal

Oilfield services and technology company Baker Hughes has struck a deal to acquire Chart Industries in an all-cash transaction worth $13.6bn.

Chevron granted limited licence to operate in Venezuela

Venezuela’s state oil company PDVSA is preparing to relaunch operations with its joint venture partners under conditions reminiscent of the Biden-era oil-for-debt swap model, once President Donald Trump restores key operating authorisations.

Venture Global announces FID on CP2 LNG in US

Venture Global LNG continues its effort to grow its US LNG footprint with a final investment decision announced on the CP2 project this week.

Venezuela oil return weighs on prices amid demand concerns and supply growth

Oil prices declined to a three-week low, dragged down in part by expectations that Venezuela may soon boost exports following reports the US will allow Chevron to resume limited operations in the country