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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
Oil Exploration
05-12-2025
Oil Companies in Norway to Drill 18% Fewer Exploration Wells in 2026, Survey Shows
Norwegian oil and gas companies plan to drill approximately 37 exploration wells in 2026, an 18% reduction from the 45 wells completed this year, according to a member survey published by industry association Offshore Norway on Thursday.Major operators on
Oil Field
04-12-2025
New Oilfield Development Project Comes Online Offshore China
China National Offshore Oil Corporation (CNOOC) has commenced production at the Weizhou 11-4 oilfield adjustment and satellite fields development project in the Beibu Gulf Basin, located in the South China Sea off the coast of China. CNOOC serves as the s
Oil Refinery
02-12-2025
Nigeria’s Dangote Refinery Says It Can Deliver 1.5 Billion Litres of Petrol in December
Dangote Refinery announced on Monday that it has the capacity to supply 1.5 billion litres of petrol per month. The company invited the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to its facility to verify and publish daily s
Crude Oil
01-12-2025
Turkmenistan Expands Oil Production at Uzynada Field
Turkmenistan’s Türkmennebit State Concern has achieved a substantial rise in hydrocarbon production at the Uzynada oil and gas condensate field, following the successful completion and commissioning of several new production wells.The d
Natural Gas
29-11-2025
$4 Billion Deal in Hand as ADNOC Scores 20-Year Gas Supply Assignment
ADNOC Gas has signed a long-term natural gas supply agreement valued at between $3.5 billion and $4.2 billion with EMSTEEL, the UAE's leading integrated steel and building materials producer. The 20-year contract, effective from 1 January 2027, wi
Crude Oil
29-11-2025
Russia’s Rosneft Reports 70% Fall In 9-Month Net Income
Rosneft (ROSN.MM), Russia's leading oil producer, announced on Friday that its net profit for the first nine months of 2025 dropped sharply by 70% compared with the same period last year, reaching 277 billion roubles (approximately $3.57 billion).
Oil Field
28-11-2025
UK Eases North Sea Oil and Gas Licensing for Existing Fields
The UK Government has adjusted its North Sea oil and gas licensing policy in the latest Budget, allowing new production licences where activities are tied to existing fields and infrastructure without requiring fresh exploration.The DESNZ stated on Wednes
LNG
26-11-2025
Venture Global, Tokyo Gas Sign 20-Year LNG Supply Deal
Venture Global announced on Tuesday that it has entered into a 20-year sales and purchase agreement with Tokyo Gas, Japan’s leading city gas supplier. Under the contract, Venture Global will deliver 1 million metric tonnes per annum of liquefied
LNG
25-11-2025
Canada’s First Large-Scale Export Project Sends off Another LNG Cargo
LNG Canada, a joint venture comprising Shell, Petronas, PetroChina, KOGAS, and Mitsubishi Corporation, has achieved another key milestone at its large-scale LNG export terminal in Kitimat, British Columbia, with the safe loading and departure of its 25th
Oil Field
24-11-2025
Ithaca Signs Farm-in Agreement With Shell for Tobermory Discovery in UK
Ithaca Energy, a UK-based oil and gas operator, has entered into a farm-in agreement with Shell UK. The agreement grants Ithaca Energy a 50% working interest in licences P2629 and P2630, which include the Tobermory gas discovery located in the West of She
Natural Gas
22-11-2025
Equinor Signs 10-Year Deal to Deliver Gas to the Czech Republic
Equinor, the Norway-based energy company, announced on Friday that it has entered into a 10-year agreement to supply natural gas to Pražská plynárenská, the gas and electricity utility serving the city of Prague, with deli
Crude Oil
21-11-2025
Venezuela Approves 15-Year Extension of Russia-Linked Oil Joint Ventures
Venezuela’s National Assembly approved a 15-year extension of the joint ventures between state-owned Petróleos de Venezuela S.A. (PDVSA) and a subsidiary of Russia’s Roszarubezhneft. The decision was taken during a session b
Natural Gas
20-11-2025
Egypt Selects Hartree Partners for $4 Billion Natural Gas Deal, Deputy Secretary of State Landau Says
Egypt has chosen U.S.-based energy company Hartree Partners to supply natural gas under a framework agreement valued at approximately $4 billion, U.S. Deputy Secretary of State Christopher Landau announced on Wednesday.U.S. Deputy Secretary of State Chris
Natural Gas
17-11-2025
ConocoPhillips Says It Finds Gas Offshore Australia
ConocoPhillips, a major energy company listed as COP.N, announced on Monday that it has encountered natural gas deposits during its initial exploration efforts off the southeastern coast of Australia. The drilling operations commenced on November 1, targe
Crude Oil
15-11-2025
Chevron, Phillips 66, Total Win India’s First Tender to Buy US LPG
Indian state refiners have jointly awarded their first long-term tenders to Chevron, Phillips 66, and TotalEnergies Trading SA to import U.S. liquefied petroleum gas (LPG) in 2026, according to two trade sources with knowledge of the matter. The decision
LNG
14-11-2025
Jade Secures Preliminary Funding Deal for Mongolian CBM-To-LNG Project
Zhengzhou Langrun Intelligent Equipment Co Ltd has signed a non-binding letter of intent to provide up to USD 46 million (AUD 70 million) in financing for a coal bed methane–to–liquefied natural gas (CBM-to-LNG) project led by Jade Gas
Oil Pipeline
13-11-2025
Nigeria’s Dangote Plans $1 Billion Investments in Zimbabwe
Nigeria’s Dangote Group will invest at least $1 billion in Zimbabwe to develop a pipeline, power generation facilities, and a cement plant, founder and CEO Aliko Dangote announced on Wednesday. The agreement marks a major step in expanding the c
LNG
12-11-2025
Venture Global Inks 20-Year LNG Supply Deal With Japan’s Mitsui
Venture Global (VG.N) announced on Tuesday that it has signed a long-term agreement with Japan’s trading company Mitsui (8031.T) to supply 1.0 million tonnes per annum of liquefied natural gas (LNG). The 20-year contract will begin in 2029, mark
LNG
11-11-2025
Baker Hughes to Supply Alaska LNG Project With Key Equipment
Oilfield services provider Baker Hughes (BKR.O) will supply major equipment for the proposed Alaska LNG project, which aims to construct a pipeline and export terminal to transport natural gas from Alaska’s North Slope to markets in Asia and oth
Crude Oil
10-11-2025
Petronas Gets Two New Exploration Blocks Offshore Suriname
Petronas has increased its offshore exploration presence in Suriname to eight blocks following the execution of two new production sharing contracts for Blocks 9 and 10.Suriname's state-owned Staatsolie executed production sharing contracts for Bl
Oil Shale
10-11-2025
Total Production of China’s Largest Shale Oil Base Hits 20 Million Tons
China’s largest shale oil production base, the Changqing Oilfield in Northwest China’s Gansu Province, has achieved a cumulative output exceeding 20 million tons, signaling a new stage in the country’s shale oil development a
Oil&Gas Drilling
08-11-2025
US Drillers Add Oil and Gas Rigs for Third Time in Four Weeks, Says Baker Hughes
U.S. energy firms increased oil and natural gas drilling activity this week, marking the third rise in four weeks, according to Baker Hughes’ weekly report released on Friday. The total number of active oil and gas rigs, which serves as an early
Oil Shale
07-11-2025
Shale Producer EOG Tops Profit Estimates as Output Jumps
EOG Resources (EOG.N) reported higher-than-expected third-quarter earnings on Thursday, as rising output helped the U.S.-based oil and gas producer counter lower crude prices. Despite a year-on-year decline of more than 13% in benchmark Brent crude during
LNG
05-11-2025
YPF, Eni Sign Agreement With ADNOC’s XRG to Develop Argentina LNG Project
Entergy’s subsidiary and pipeline operator Energy Transfer have entered into a 20-year agreement to supply natural gas to North Louisiana, the companies announced on Tuesday. The agreement aims to support rising energy needs in the region amid a
Oil Refinery
04-11-2025
Exxon Explores More Refinery Upgrades as It Hones in on Higher-Value Products
Exxon Mobil (XOM.N) is exploring further opportunities to upgrade its refining and chemical operations after launching four new projects this year, an executive said in a recent interview. The company’s initiatives are part of a broader strategy
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Most views from Oil & Gas
1
Turkmenistan Expands Oil Production at Uzynada Field
2
Nigeria’s Dangote Refinery Says It Can Deliver 1.5 Billion Litres of Petrol in December
3
Russia’s Rosneft Reports 70% Fall In 9-Month Net Income
4
Gastech 2023 - Shaping the future of energy
5
$4 Billion Deal in Hand as ADNOC Scores 20-Year Gas Supply Assignment
6
UK Eases North Sea Oil and Gas Licensing for Existing Fields
