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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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Chevron resumes Venezuelan oil exports to US under new curbs
Chevron Corp. has restarted Venezuelan crude shipments to the United States after a months-long pause, with the first cargo under its new restricted licence set to depart this week
Venezuela’s Citgo auction sees Vitol challenge Gold Reserve’s lead with higher offer
The battle for control of Citgo Petroleum, Venezuela’s prized US refining asset, has intensified as a Vitol subsidiary pushes to dislodge a Gold Reserve-led consortium from pole position in the court-ordered auction
Chevron’s Venezuela waiver poised to ease heavy crude shortage on US Gulf Coast
Gulf Coast refiners, many designed to handle heavier grades, have been squeezed by the loss of Venezuelan barrels
Asia drives global refining capacity growth
Global refining capacity is rising despite a decline in the number of refineries, with Asia and the Middle East leading growth through large, integrated projects.
Pakistan strikes oil deal with US as Trump targets India
Announced in Washington by President Donald Trump, the deal includes US participation in developing Pakistan’s oil reserves and a significant cut in tariffs on Pakistani exports to America.
Chinese LNG shipbuilding could be boosted by new US rules
The rapid expansion of United States LNG exports, championed by the Trump administration, could be undermined by new trade rules from the same administration aimed at reviving domestic shipbuilding and countering China’s dominance in the sector.
Chevron tankers head to Venezuela as oil shipments close to resuming
At least three Chevron-chartered tankers are en route to Venezuelan waters to load crude for US refineries later this month, following a fresh US Treasury licence allowing the company to resume limited operations in the sanctioned country
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
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