NorthAmOil - North America Oil & Gas

Ukraine’s Naftogaz signs MoU with Kino Aski LNG to explore importing Canadian LNG

Ukraine’s state-run Naftogaz has agreed to a Memorandum of Understanding with Kino Aski LNG to examine potential cooperation on imports of Canadian LNG to Europe.

Venezuela’s oil revival sends US auction gear back into service

Venezuela’s push to revive its oil industry is creating a new market for used US equipment, as companies gather trucks, pumps, workover rigs and other machinery for shipment to the South American producer

Venezuela’s Rodriguez shuffles trade, energy officials

The government also appointed Radamés Gómez Azuaje as vice minister for hydrocarbon geopolitics, adding a new senior official to the team responsible for Venezuela’s energy strategy

Venezuela, Suriname sign deals to deepen trade and energy cooperation

Venezuela will provide expertise in oil and gas exploration and production, as well as technical training for Suriname’s energy industry

Spanish LNG imports climb 11% year on year in August

Spanish LNG imports rose by around 10.6% year on year in August, as the US overtook Algeria to become the country's largest gas supplier during the month.

Qatar holds talks with US firms for LNG deals through 2031

Negotiations come after Qatar recently extended force majeure on deliveries to November.

Chinese teapot refiners ramp up purchases from West Africa, Canada and South America

Chinese independent refiners are stepping up purchases of crude from West Africa, Canada and South America as supplies from Iran and Russia tighten, helping push spot premiums to multi-month highs.

Lithuania's Ignitis plans 10 US LNG cargoes from EQT in 2027-36 deal

Repsol says it’s fully committed to Venezuela as oil output rises

Repsol is maintaining its commitment to Venezuela as the country’s energy sector begins to recover, with the Spanish company seeking to sustain gas supplies for electricity generation while expanding hydrocarbon production

Colombia’s GeoPark plans $6.8bn investment in Venezuela’s Bare oil field

Colombian oil producer GeoPark plans to invest $6.8bn over 25 years to develop Venezuela’s Bare field in the Orinoco Oil Belt, while keeping its focus on potential unconventional projects at home, Chief Executive Officer Felipe Bayón said

Rubio defends Venezuela oil pact as US pushes out foreign powers

US Secretary of State Marco Rubio defended Washington’s new energy agreement with Venezuela, presenting the deal as a strategic shift that replaces the influence of China, Russia and Iran in the Western Hemisphere with US companies

Citgo faces new leadership uncertainty as Venezuela moves to reclaim control

Citgo Petroleum is approaching another change in Venezuelan oversight as the government of interim President Delcy Rodríguez moves to dismantle the opposition-backed structure that has supervised the US refiner since 2019

Trump says Venezuela oil deal secures 500 years of reserves for US

US President Donald Trump said an oil agreement with Venezuela will give the United States access to 65bn barrels of reserves, which he described as equivalent to 500 years of supply

Venezuela oil output hits 1.2mn bpd in August, OPEC data shows

Venezuela’s crude production averaged 1.201mn barrels per day (bpd) in August, according to figures submitted by the Ministry of Hydrocarbons and included in OPEC’s latest monthly report, highlighting the government’s push to restore output

Citadel reportedly seeking US shale assets

US-based hedge fund and commodity trader Citadel has reportedly held talks to buy US shale oil production assets.

Canadian producers Tamarack Valley, Headwater to merge in $7.2bn transaction

Calgary-based Tamarack Valley Energy has agreed to merge with fellow Canadian producer Headwater Exploration in an all-stock transaction is valued at CAD10bn ($7.2bn).

Enbridge to buy Tallgrass’ crude midstream assets for $2.55bn

Enbridge is buying Tallgrass Energy’s crude oil midstream business for $2.55bn in cash.

Argent LNG signs Albania deal for regional Adriatic LNG terminal

US energy company Argent LNG has signed a memorandum of understanding with Albania to jointly develop a large-scale liquefied natural gas (LNG) storage and regasification terminal on the country's Adriatic coast, the company...

Venezuela continues to weigh impact of US oil deal

The recently announced oil deal between the US and Venezuela continues to draw significant attention as politicians and analysts assess its likely impact.

Americans split over Trump’s Venezuela oil deal as sovereignty concerns mount

Americans are sharply divided over President Donald Trump’s agreement with Venezuela

Venezuela OPEC exit seen as likely eventually but not imminent

Venezuela is likely to leave OPEC eventually as Caracas restructures its oil industry around closer ties with Washington, though the move would have little immediate effect on crude markets

Growing corporate interest in Venezuela stands out

Venezuela is drawing renewed attention from companies across a range of industries, with more than 25 firms considering market entries, investments or new ventures eight months after Nicolás Maduro was removed from power in a US operation

China draws line over US oil push in Venezuela

Mao Ning, a Chinese Foreign Ministry spokesperson, said that Chinese-Venezuelan cooperation is independent of other countries and should not be subject to outside involvement

Eni deal improves chances of recovering $2.3bn Venezuela debt

After almost 30 years in Venezuela, Eni has accumulated substantial receivables from PDVSA while maintaining operations through political turmoil, economic crisis and US sanctions

Gilinski group takes control of GeoPark with Venezuela oil deal

Jaime Gilinski is expanding his business empire into Venezuela’s oil industry, signing an agreement with interim President Delcy Rodríguez that gives GeoPark a 25-year operating contract for the Bare block in the Orinoco Belt