NorthAmOil - North America Oil & Gas
Iraq's June crude exports to US fall to 1.35mn barrels, EIA says
Iraq exported 1.35mn barrels of crude oil to the US in June, down from 1.62mn barrels in May, according to the US Energy Information Administration (EIA).
US LNG player MidOcean gets $1.1bn backing from UAE royal family member
The companies also plan to collaborate on future investments in energy and related infrastructure across the region.
Latin American countries import 55% more LNG from US in June
US liquefied natural gas exports to Latin America and the Caribbean hit a 37-month peak in June, reaching 48.84bn cubic feet (1.38bn m3), S&P Global reported.
Canada pledges to accelerate four LNG projects
Canada and the provincial government of British Columbia inked a cooperation agreement to speed up development of four large LNG projects.
UAE’s XRG buys stake in Trains 4 and 5 of Rio Grande LNG
XRG, a wholly-owned subsidiary of the Abu Dhabi National Oil Company (ADNOC), has acquired an interest in Trains 4 and 5 of the Rio Grande LNG plant owned by NextDecade
Glenfarne issues Limited Notice to Proceed to Kiewit for Texas LNG
US LNG developer Glenfarne Group has granted Limited Notice to Proceed to American contractor Kiewit for its Texas LNG export terminal located at the port of Brownsville.
OPEC+ members stick together with latest output raise
OPEC+’s seven core producers have agreed a modest easing of voluntary supply curbs from August, signalling a cautious, coordinated shift in strategy rather than a wholesale change of direction.
Iraq’s US‑led energy realignment shapes production, exports and power
Iraq is deepening ties with US energy firms to reshape crude output, export routes and electricity supply, concentrating influence over future incremental barrels and grid resilience
Ottawa will not curb oil and gas growth to meet near-term emissions targets
Ottawa will not curb oil and gas growth in order to meet nearer-term emissions targets, making them further out of reach.
San Mateo Midstream to buy Cardinal Midstream for $752mn
San Mateo Midstream has agreed to acquire the operating subsidiaries of Cardinal Midstream Partners, a portfolio company of EnCap Flatrock Midstream, for $752mn.
Shell to sell Na Kika stake to Talos, Ridgewood for $1.7bn
Shell Offshore has agreed to sell its 50% non-operated interest in the Na Kika platform to subsidiaries of Talos Energy and Ridgewood Energy for a total of $1.7bn.
Venezuela bonds slide as earthquake damage clouds debt restructuring outlook
Venezuelan sovereign bonds and debt issued by state-owned PDVSA have extended their decline after last week's earthquakes, as investors reassess the country's economic prospects and brace for a tougher debt restructuring
Venezuela oil output poised to recover as US broadens export authorisations
Expanded US authorisations for companies trading Venezuelan crude are set to lift the country's oil production back to levels seen before Washington's December naval blockade by the end of the second quarter of 2026
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