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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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US seizure tanker carrying Venezuelan oil targeted Caracas–Havana oil link
Cuban and Venezuelan authorities condemned the operation as “piracy,” while US officials told The Economist that further seizures are planned as Washington tightens enforcement against Venezuela’s oil export network
US seizure of tanker signals tougher stance on Venezuelan oil smuggling
The US has seized the Skipper, a tanker carrying illicit Venezuelan crude, marking a significant escalation in efforts to curtail the Maduro regime’s oil revenues
Venezuelan oil exports slow after US seizure and fresh sanctions
Venezuela’s oil shipments have declined following the US seizure of a tanker earlier this month and the imposition of fresh sanctions on ships and maritime firms involved in the country’s crude trade
Chevron presses case to maintain Venezuelan operations
Chevron Corp. is in talks with the Trump administration over how its Venezuelan business can continue to operate within the boundaries of US sanctions
US-intercepted supertanker near Venezuela heads toward Houston
The vessel, the Skipper, is transporting about 1.85mn barrels of Merey heavy crude, based on satellite monitoring
Indonesia ties tariff negotiations with Washington to long-term energy security
Indonesia has moved to underline the central role of energy cooperation in its trade negotiations with the United States, insisting that talks on reciprocal tariffs remain on course and that pledges to import American oil and fuel will be upheld.
US seizure of tanker carrying Venezuelan crude escalates standoff with Maduro
The United States seized an oil tanker off Venezuela in international waters, President Donald Trump told media on December 10, describing the vessel as “a big tanker, a very big one—the biggest ever seized, in fact.”
Fluor, JGC complete LNG Canada Train 2
Fluor and JGC have completed Train 2 at the LNG Canada project and handed it over to the LNG Canada consortium
Producers submit $372mn in bids in US Gulf lease sale
The lease sale held in the US Gulf of Mexico this week attracted a total of 219 bids worth a combined $372mn.
Antero shakes up Appalachian shale portfolio
Antero Resources and Antero Midstream have announced a set of major transactions centred on Appalachia
Shell reportedly in talks to acquire LLOG in US Gulf expansion
Shell is reported to be in talks to acquire privately held US player LLOG Exploration Offshore
US seizure of Venezuelan tanker escalates standoff with Maduro
Trump offered no details on the ship’s destination or cargo but warned that “there are other things happening, you’ll see them later”
Russian gasoline prices now 8% pricier than US
Russian gasoline becomes 8% more expensive than US fuel as Moscow takes 60% of pump prices in taxes and levies.
Trump’s new Monroe Doctrine push puts Venezuela’s oil future at centre of market risks
Wood Mackenzie analysts said Venezuelan output could recover relatively quickly if operational support and financing improved
US pressure on Maduro revives trading frenzy in Venezuela’s defaulted PDVSA bonds
Escalating US pressure on Nicolás Maduro’s government has reignited investor attention on Venezuela’s long-defaulted sovereign and oil company debt
Western majors lobbying Ukraine to stop attacks on CPC oil export route, says analyst
Kazakhstan agrees new deal to pipe crude to China in response to drone raid that damaged Black Sea shipment terminal.
US threat spurs potential Venezuela supply shock, lifting heavy crude prices
A potential US military intervention in Venezuela could materially lift global oil benchmarks by removing a significant source of heavy crude from the market, according to analysis from Rystad Energy
US Chevron negotiates with Iraq to take over West Qurna-2 from Lukoil
Iraq has held discussions with US major Chevron over potential cooperation in developing the country’s oil and gas sector, as Baghdad moves to identify an operator to replace Russia’s Lukoil at the giant West Qurna-2 oilfield
Northern Iraqi oil arrives in US amid hope of energy market stability
Crude from the Kurdistan region has arrived in the US after months of shutdown, following a hard-won deal to reopen the strategic pipeline.
New Fortress Energy and Puerto Rico finalise seven-year LNG deal
US LNG developer New Fortress Energy has received final approval from Puerto Rico authorities to conclude a seven-year LNG supply deal.
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.
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