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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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Canada’s Woodfibre LNG sees costs skyrocket as construction hits halfway point
The delivery of four more plant modules comes with a new cost estimate of a 73% increase for the project.
ConocoPhillips to cut global workforce by 20-25%
ConocoPhillips confirmed to several media outlets on September 3 that it was planning to reduce its global workforce by 20-25%.
Plains to buy 55% in EPIC Crude for $1.6bn
A subsidiary of Plains All American Pipeline and Plains GP Holdings has agreed to buy a 55% non-operated stake in EPIC Crude Holdings from Diamondback Energy and Kinetik Holdings for around $1.57bn.
Cenovus’ plan to take over MEG faces opposition
Cenovus Energy has agreed to acquire MEG Energy but the deal is not guaranteed to close.
EQT to buy LNG from Rio Grande Train 5
US gas producer EQT announced on September 3 that it had agreed to buy LNG from the proposed fifth train at NextDecade’s Rio Grande LNG.
Maduro accuses US of plot to seize Venezuela’s oil
Maduro said the White House is “fabricating a narrative” about drug trafficking to mask its true intentions
UK firm proposes new Canadian LNG terminal in Newfoundland
London-based Crown LNG Holdings is attempting to woo the Canadian government to support a proposed $15bn LNG terminal in the country’s east province Newfoundland and Labrador.
US reports highest monthly LNG exports in August
The US has recorded its best month ever for LNG exports shipping 9.33mn tonnes of the super-chilled fuel in August.
Venezuela projects 9% growth, calls on European oil firms to bypass US sanctions
“Until when will Europe subordinate itself to what’s in charge in Washington? Here you are free, come and produce,” Maduro said
Venture Global nears producing LNG from all blocks at Plaquemines plant
US LNG giant Venture Global could be producing LNG shortly from all the blocks at its massive Plaquemines facility.
Japan’s crude procurement sees a quiet shift in sources
In July, Japan witnessed a marked realignment in its crude-oil supply chain. Notably, Arab-sourced imports declined, accounting for just 87.6% of total imports, while the United States commanded a larger share, accounting for 9.4%.
Trump-era licence reshapes Chevron’s role in Venezuelan oil
The US major remains a vital partner for PDVSA, contributing roughly a quarter of Venezuela’s total oil output, far above Russian and Chinese ventures, which produce about 10% each
Harvest to acquire $1bn of midstream assets in Uinta, Green River basins
Harvest Midstream has agreed to buy a gas-gathering and processing network spanning the Uinta and Green River Basins in Wyoming, Utah and Colorado from MPLX for $1bn.
EPIC reportedly exploring pipeline sale
The owners of the EPIC Crude pipeline are reportedly exploring a potential sale of the project.
Permian gas pipeline activity picks up
Two final investment decisions on new Permian gas takeaway capacity have been announced in recent weeks.
Sempra signs offtake agreements for Port Arthur LNG Phase 2
Sempra has made two announcements in the past week relating to new offtake agreements from the planned second phase of the Port Arthur LNG project in Texas.
GECF casts doubt on US-EU energy deal yielding material gains
The GECF warns that the EU-US energy trade deal is unlikely to deliver a major increase in US LNG sales to Europe.
Canada prepares to open LNG talks with Germany
New LNG exporter Canada is shifting its gaze from markets in Asia to Europe with Ottawa set to open talks with buyers in Germany.
Elliott affiliate surges ahead in Venezuela's Citgo parent auction
An affiliate of hedge fund Elliott Investment Management has emerged as the leading bidder for PDV Holding, the parent company of Venezuela-owned Citgo Petroleum, a US court officer said
OGT2025 conference and exhibition in Ashgabat gains momentum
Preparations are gathering momentum for the landmark 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025”, scheduled to take place from 22 to 24 October in Ashgabat.
Citgo swings to $100mn profit as refining margins improve
Citgo Petroleum posted a $100mn profit in the second quarter of 2025, reversing an $82mn loss in the opening months of the year, according to figures released by the Ad Hoc Administrative Board of PDVSA
Trump administration delays approvals for non-US oil firms in Venezuela
The Trump administration is holding off on authorising several major Western oil companies to operate in Venezuela, raising pressure on Nicolás Maduro’s regime, even as Chevron Corp retains permission to produce and export crude
Chevron sends first Venezuelan crude to US under new Trump licence
Two Chevron-chartered tankers carrying Venezuelan crude entered US waters on Aug. 21, marking the first shipments under a new licence issued by the Trump administration
Venezuela’s Citgo share auction narrows to Elliott and Gold Reserve bids
Court-appointed official Robert Pincus faces a Monday deadline to determine whether Dalinar’s $7.4bn offer, previously favoured, remains the top proposal or if a rival bid surpasses it
Mexico eyes LNG glory but speedbumps appear in pathway
Mexico has grand ambitions to be a key LNG exporter, but trade relations with the US, crime, and concerns over feed gas pose as hurdles.
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