NorthAmOil - North America Oil & Gas

Venezuela relations with Trinidad and Tobago deteriorate, gas deals suspended

Venezuela has suspended all gas and energy cooperation agreements with neighbouring Trinidad and Tobago after accusing the Caribbean two-island nation of aligning with the US amid rising regional tensions, Caracas officials said on October 27.

Saudi Arabia, Iraq top US Crude Imports from OPEC in July 2025

The US imported more than 20mn barrels of crude oil from OPEC countries in July 2025, according to newly released data from the US Energy Information Administration (EIA), with Iraq ranking as the second-largest exporter among the group

Trump administration reopens Alaska’s ANWR Coastal Plain to oil and gas leasing

The administration of US President Donald Trump has reopened the Coastal Plain of Alaska’s Arctic National Wildlife Refuge (ANWR) to oil and gas leasing.

Speculation rises over potential revival of Keystone XL pipeline from Canada to US

Canadian officials have recently raised the possibility of reviving the Keystone XL pipeline to the US.

Sable’s Santa Ynez offshore storage proposal in California to reportedly cost $1.7bn

Sable Offshore is exploring the option of using an offshore storage and treating vessel to market oil produced from the Santa Ynez project in waters off the coast of California.

Venezuela sustains crude shipments amid US Caribbean deployment

The country, home to the world’s largest oil reserves, has managed to sustain shipments through sanctioned and shadow channels, with Chevron and other firms operating under US exemptions continuing production

Venezuela threatens to end energy pact with Trinidad over US naval drills

Vice President Delcy Rodríguez announced the proposal following a meeting with oil industry officials, describing Trinidad and Tobago’s support for the US manoeuvres and the presence of the USS Gravely as an act of “aggression”

India boosts US oil imports to highest level since 2022

India’s crude oil imports from the United States have risen to their highest level since 2022, reflecting New Delhi’s strategy to diversify energy sources and ease trade frictions with Washington

US slaps heavy energy, financial sanctions on Russia

Secondary sanctions on China, India key to US efforts to clamp down on Russian oil exports

Their effectiveness, however, will depend heavily on the level of enforcement and on how far the US is prepared to pursue secondary sanctions against major economies such as China and India.

Tokyo Gas inks Letter of Intent for LNG from Alaska project

Tokyo Gas has signed a Letter of Intent with US developer Glenfarne for 1mn tonnes of LNG from the Alaska LNG project.

Venezuela accuses US of undermining gas deals with Caribbean nations

Rodríguez said Washington was “selling fantasies to a Caribbean government” in an effort to “steal Venezuela’s gas and hand it over"