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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Natural Gas
19-05-2025
Turkey Finds New Natural Gas Reserve in Black Sea, Erdogan Says
On Saturday, President Tayyip Erdogan announced the discovery of a 75 billion cubic meter (bcm) natural gas reserve in the Black Sea, uncovered during drilling operations. The find, located in the Goktepe-3 well at a depth of 3,500 meters, holds an estima
LNG
16-05-2025
Italy’s Edison Welcomes Inaugural LNG Cargo From Louisiana Plant
Italian energy company Edison has successfully received its first liquefied natural gas (LNG) shipment from the Calcasieu Pass facility in Cameron Parish, Louisiana, operated by U.S.-based Venture Global. The delivery marks the beginning of a long-term su
Oil Pipeline
16-05-2025
Nigeria’s Trans Niger Oil Pipeline Bursts, Spills Crude, Rights Group Says
An environmental rights group reported a rupture in Nigeria’s Trans Niger Pipeline, a vital channel for transporting crude oil from onshore fields to the Bonny export terminal on Thursday, May 15, 2025. The spill, which began on May 6, 2025, has
Crude Oil
16-05-2025
Chevron, European Firms Lobby to Keep Stakes in Venezuela Oil Joint Ventures
Chevron Corp, a U.S. oil company, along with several European firms, is engaging with the U.S. administration to secure permissions to maintain their stakes in joint ventures with Venezuela’s state-owned PDVSA, according to three informed source
Oil Field
15-05-2025
Nigeria Says Exxon Commits $1.5b to Deepwater Development
Exxon Mobil Corp. has committed $1.5 billion to develop a deepwater oil field in Nigeria, as the country seeks to increase its oil production. The investment, planned for the next two years, targets the Usan field’s production revival, according
Natural Gas
15-05-2025
EIA Expects USA Gasoline Price to Drop In 2025 and 2026
The U.S. Energy Information Administration (EIA) has released its latest short-term energy outlook (STEO) on May 6, forecasting a decline in U.S. regular gasoline retail prices for 2025 and 2026. According to the EIA, the average price for regular gasolin
LNG
15-05-2025
Germany’s Next LNG Terminal Chapter Nearly All-Set to Go Live
In Wilhelmshaven, Germany, the state-owned Deutsche Energy Terminal (DET), under the Federal Ministry for Economic Affairs and Climate Action, is preparing to launch the country’s second liquefied natural gas (LNG) terminal, Wilhelmshaven II. Th
Oil Field
15-05-2025
Gulf of Thailand Oil Field Revamp Gets Green Light
Valeura Energy has approved redevelopment of its 100%-owned Wassana field in license G10/48, Gulf of Thailand, with a new central processing platform (CPP). The project, extending the field’s life to 2043, targets first oil in Q2 2027 and peak p
Oil Price
15-05-2025
US Oil Prices Drop More Than $1 as Inventory Build Raises Oversupply Fear
U.S. crude futures dropped more than $1 in early trading on Thursday after unexpected data showed an increase in U.S. crude oil inventories, sparking concerns about potential oversupply.An oil pumpjack is pictured in the Permian basin, Loco Hills regions,
LNG
15-05-2025
Venture Global Urges FERC to Reaffirm Approval for Louisiana LNG Project
Venture Global, a U.S. liquefied natural gas (LNG) company, is seeking approval from the Federal Energy Regulatory Commission (FERC) to proceed with the construction of its CP2 plant in Louisiana by June 26. This request, outlined in a letter to FERC Chai
Oil Field
14-05-2025
Murphy Discovers More Oil in Cuu Long Basin Offshore Vietnam
Murphy Oil Corp. has announced a significant oil discovery in Block 15-1/05, located in the Cuu Long Basin offshore Vietnam. The exploration well Lac Da Hong-1X, also known as Pink Camel, encountered 106 feet of net oil pay from a single reservoir after b
LNG
13-05-2025
Shell’s LNG Canada Plans First Exports as Soon as Late June
Shell Plc’s liquefied natural gas (LNG) project, LNG Canada, located on Canada’s western coast, is nearing completion and preparing to start overseas sales as early as late June 2025. This facility, the first large-scale LNG export ter
Crude Oil
13-05-2025
Iraq to Reduce Crude Oil Exports in May and June, Official Says
Iraq intends to export 3.2 million barrels per day (bpd) of crude oil in May and June, according to an Iraqi official familiar with the matter. This volume represents a notable decrease from previous months, aligning with the country’s commitmen
Crude Oil
13-05-2025
US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve
A U.S. House committee unveiled a budget proposal on Sunday, allocating over $1.5 billion to restore and maintain the Strategic Petroleum Reserve (SPR), the world’s largest emergency crude oil stockpile. The plan also cancels a previously mandat
Crude Oil
13-05-2025
Mexico’s Pemex Plans to Export Less Crude Oil as New Refinery Starts Up, Official Says
Mexico’s state-owned oil company, Pemex, expects to decrease crude oil exports this year as it directs more supply to domestic refineries, particularly the new Olmeca refinery, according to a company official. The shift aims to boost local proce
Crude Oil
12-05-2025
China’s Recovery in Crude Oil Imports Is More Bearish Than Bullish
China, the world’s largest crude oil importer, reported a slight increase in imports for the first four months of 2025, reaching 11.83 million barrels per day (bpd), a 0.5% rise compared to the same period in 2024. In April 2025, imports totaled
Crude Oil
12-05-2025
Oman Considering $8 Billion Sale of Natural Gas Assets, Sources Say
Oman is exploring the sale of a minority stake in natural gas assets within Block 6, valued at approximately $8 billion, to raise funds for state finances and support investment projects. The initiative is led by Energy Development Oman SAOC (EDO), a stat
Crude Oil
12-05-2025
Petrobras Enriches Brazilian Offshore Reserves With ‘High-Quality’ Oil Find
Brazilian state-owned energy company Petrobras has announced a new oil discovery in the pre-salt Santos Basin, located off Brazil’s southeastern coast. The find was made in the 3-BRSA-1396D-SPS exploratory well within the Aram block, situated 24
Crude Oil
09-05-2025
Kazakhstan Says It Has No Plans to Cut Oil Production This Month
Kazakhstan’s Energy Ministry, based in Astana, has announced that the country will maintain its oil production at an average of 277,000 metric tons of crude and condensate per day in May, consistent with April’s output and up from 260,
LNG
09-05-2025
Canada’s Multi-Billion LNG Project Seeks Permit for New Floatel to Create 900 More Jobs
Woodfibre Management, a Vancouver-based Canadian company, is preparing to seek regulatory approval for a second floating workforce accommodation unit, or floatel, for its $5.1 billion liquefied natural gas (LNG) export project in British Columbia. The add
Oil Field
09-05-2025
Mexico’s Pemex Aims to Reopen Wells to Boost Falling Oil Output, Documents and Sources Say
Mexico’s state energy company, Pemex, is planning to reactivate closed wells to increase oil production, according to internal documents and four sources familiar with the initiative. The effort aims to address a decline in output and meet produ
FLNG
08-05-2025
Dutch-UAE Duo Teams up on Perenco’s FLNG Project in Gabon
Technomak, a UAE-based engineering and construction firm, has signed an engineering, procurement, construction, commissioning, and integration (EPCCI) agreement with Dixstone, a Netherlands-based solutions provider and affiliate of Perenco, for a floating
Natural Gas
11-05-2025
Singapore Centralises Power Sector’s Natural Gas Procurement and Supply
Singapore has established Singapore GasCo, a new government-owned entity tasked with centralizing the procurement and supply of natural gas for the city-state’s power sector. The announcement was made by the Energy Market Authority, highlighting
FLNG
08-05-2025
Samsung Heavy’s Deepwater FLNG Design Wins Triple Blessing
Samsung Heavy Industries (SHI), based in South Korea, has secured approvals in principle (AiP) for its multi-purpose LNG floater-offshore (MLF-O) standard model from three classification societies: DNV (Norway), Lloyd’s Register (UK), and the Am
Natural Gas
08-05-2025
Occidental Reports Quarterly Profit Beat on Strong Output, Natural Gas Prices
Occidental Petroleum announced on Wednesday that its first-quarter profit for 2025 exceeded Wall Street expectations, driven by robust production and favorable commodity prices. The company reported an adjusted profit of 87 cents per share for the quarter
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Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
