NorthAmOil - North America Oil & Gas
US considers more strategic financing for Argentinian oil and gas projects
The US is considering expanding financing for oil and gas, mining and infrastructure projects in Argentina beyond the $7bn framework announced by its Ex-Im Bank in September, while also exploring the use of strategic funds from the Pentagon.
Oman overtakes US as India's largest LNG supplier amid Hormuz disruption
Oman overtook the US as India's largest supplies of LNG in September, as disruption to shipments through the Strait of Hormuz continued to reshape the country's import arrangements.
Bermuda-based Golar secures LNG carrier for fourth floating liquefaction project
Bermuda-based Golar LNG has agreed to acquire the Grace Dahlia LNG carrier from Japan's NYK Line for conversion into its fourth floating LNG (FLNG) production facility, scheduled for completion in 2029.
Shell delivers Singapore's first certified bio-LNG cargo from US
Shell has delivered Singapore's first ISCC EU-certified bio-LNG cargo, demonstrating the potential to transport renewable gas internationally using existing LNG infrastructure and certification systems.
IGU warns fragmented methane regulations could disrupt global gas trade
The IGU has called for greater international coordination of methane regulations, warning that inconsistent compliance requirements could create barriers to natural gas trade and investment.
Trump claims Taiwan has confirmed purchase of 30% of LNG from Alaska pipeline project
US President Donald Trump says Taiwan has committed to buy 30% of LNG from Alaska’s pipeline project.
Freedom LNG applies to export US gas from Mexico
Freedom LNG has submitted a request to US regulators seeking permission to supply US natural gas to a proposed offshore liquefaction and export installation near Matamoros, in the northeastern Mexican state of Tamaulipas.
Trump touts Venezuela oil gains as US deepens ties with Rodríguez
US President Donald Trump said Washington has recouped the cost of its military intervention in Venezuela many times over, pointing to oil supplies and closer ties with the government led by interim President Delcy Rodríguez
Nabep deploys new rigs in Venezuela as it targets 1mn bpd
North American Blue Energy Partners has started deploying 11 workover rigs in Venezuela, expanding its equipment fleet as the company seeks to increase crude production and revive operations in the country's main oil-producing regions
Venezuela oil output edges higher in September, according to OPEC
Venezuela’s crude production rose in September, according to figures submitted to OPEC, as the country moves to expand oil-sector activity amid renewed energy ties with the United States
Carlyle withdraws from Russian oil firm Lukoil’s asset sale as US-backed bidders emerge
US private equity firm Carlyle Group is no longer actively pursuing the acquisition of Russian oil producer Lukoil's international assets.
Mexico's reliance on US pipeline gas hits record as storage gap leaves power sector exposed
Mexico imported a record average of 6.8Bcf/d of US natural gas between January and July 2026, up 1.8% year on year, according to the US Energy Information Administration (EIA).
Venezuela’s PDVSA targets 1.3mn bpd by year-end
Venezuela’s state oil company PDVSA aims to raise crude production to 1.3mn barrels per day (bpd) by the end of 2026
Colombian billionaire turns Venezuelan oil contract into $515mn GeoPark stake
Colombian billionaire Jaime Gilinski is using a newly secured Venezuelan oil contract to strengthen his grip on GeoPark Ltd.
Cuba condemns US seizure of $2.8mn in fuel shipments bound for island
Cuba has accused the US of threatening governments and businesses involved in supplying fuel to the island after American authorities seized or detained 90 biodiesel shipments worth about $2.8mn
Reliance makes India top non-US buyer of Venezuelan oil
Reliance Industries (NSE: RELIANCE), the conglomerate controlled by Indian billionaire Mukesh Ambani, has become the largest purchaser of Venezuelan crude outside the US.
PDVSA says fuel supplies remain secure after fire at Venezuela's Cardón refinery
Venezuela’s state oil company PDVSA said domestic fuel distribution would continue without disruption after a fire forced an emergency shutdown at the Cardón refinery in Falcón state
Venezuela oil recovery may take a decade and billions in investment, ConocoPhillips says
Venezuela faces a prolonged and costly path to restoring its oil industry to historical production levels, with recovery likely to take at least 10 years and require tens of billions of dollars in investment, according to ConocoPhillips chief
Pacific Coast Energy targets 40,000 bpd in Venezuela within six months
Pacific Coast Energy Co. has begun operating in Venezuela’s oil fields and aims to more than double its current output within six months, as smaller companies move to revive production under new opportunities in the country’s energy sector
Venezuela’s oil GDP seen growing as much as 18% in 2026, economist says
The outlook reflects a combination of stronger international prices and larger output compared with 2025. The war in Iran has pushed oil prices to recent highs, allowing Venezuela to benefit from improved market conditions alongside rising production
Reliance drives Indian oil imports from Venezuela to seven-year high
Reliance Industries is emerging as the main buyer of Venezuelan crude in India, capitalising on discounted prices and renewed access to supplies as the US eases restrictions on the South American nation’s oil industry
US intercepts 90 Cuba-bound biodiesel shipments worth nearly $3mn
US authorities intercepted 90 shipments of biodiesel bound for Cuba, worth nearly $3mn and containing more than 600,000 gallons, in Houston and South Florida before the cargo left the country, as Washington steps up enforcement of sanctions on Havana
Chevron to offload certain midstream assets in exchange for amended Bakken midstream terms
Chevron has agreed to restructure the terms of its Bakken midstream contracts and establish new DJ Basin midstream contracts while transferring its ownership interests and general partner position in Hess Midstream and DJ Basin midstream assets.
Suncor to sell stakes in three Eastern Canadian oilfields to Ithaca
Suncor Energy has agreed to sell its stakes in the Terra Nova, White Rose and West White Rose oilfields offshore Eastern Canada to UK-based Ithaca Energy.
Canada to fast-track Pacific Link pipeline project review in potential boost to oil sands investment
Ottawa has announced that it is listing the proposed Pacific Link oil pipeline as a project of national interest, putting it on course for an expedited regulatory review process.
Follow us online