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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

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
Oil Refinery
03-11-2025

Nigeria’s Dangote Refinery Ramps up Output on Back of New Fuel Import Duty
Nigeria’s Dangote Petroleum Refinery, Africa’s largest oil refinery, announced on Saturday that it is increasing production to meet national petrol and diesel demand. The move follows the Nigerian government’s approval of a n
Oil & Gas Trade
01-11-2025

Saudi Aramco and Sonatrach Cut LPG Osps for Nov by 3-4%
Saudi Arabia’s state oil company Aramco and Algeria’s national energy firm Sonatrach have reduced their official selling prices (OSPs) for liquefied petroleum gas (LPG) in November, reflecting an increase in global supply and lower oil
Natural Gas
31-10-2025

Ecopetrol, Petrobras Announce Joint Venture to Market Natural Gas From Colombia’s Sirius Project
Colombia’s state-owned energy company Ecopetrol and Brazil’s national oil company Petrobras announced on Thursday a partnership to jointly market natural gas from Colombia’s Sirius project. The collaboration aims to optimize
Crude Oil
30-10-2025

Exxon Mobil Names Gregory Garland to Board of Directors
Exxon Mobil Corp. (XOM.N) announced on Wednesday that it has appointed Gregory Garland, a long-time industry executive, to its board of directors, effective November 3. The appointment adds extensive leadership experience to the company’s board
Natural Gas
29-10-2025

Iraq Signs Agreement for Floating Natural Gas Platform With Excelerate Energy
Iraq has signed a $450 million investment agreement with U.S.-based Excelerate Energy to establish the country’s first floating storage regasification unit (FSRU), marking a key step in expanding its energy infrastructure and attracting more for
Oil Refinery
28-10-2025

Mexico’s Pemex Pumps Less, Refines More in Third Quarter
Mexican state energy company Pemex reported reduced crude oil extraction but increased refining activity in the third quarter, according to its Monday announcement. The firm also disclosed a narrower net loss compared to the previous year's corres
Oil Refinery
27-10-2025

Dangote Refinery to Expand Capacity to 1.4m Barrels Daily
The Dangote Petroleum Refinery, Africa’s largest refining facility, is set to undergo a major expansion that will increase its production capacity from 650,000 barrels per day (BPD) to 1.4 million BPD within three years. Upon completion, the exp
Oil Shale
25-10-2025

Sinopec Announces Discovery of New Shale Oil Reserve in Southwest China
On October 23, 2025, Sinopec, China’s leading oil refiner, announced the discovery of a significant shale oil reserve in the Sichuan Basin, southwest China, with an estimated volume of 100 million tonnes. The find, located in the Qijiang Distric
Crude Oil
25-10-2025

Texas Pipe Producer Wins Contract for Mexico’s First Deepwater Oil Development
Texas-based Tenaris has secured a major contract to supply casing and tubing for Mexico’s first deepwater oil development project, Trion, located in the Perdido Fold Belt. The contract covers the delivery of 12,000 tons of casing and tubing, inc
LNG
24-10-2025

CP2 LNG in Louisiana Gets Export Permit
The United States Department of Energy (DOE) has granted final authorization for Venture Global Inc.’s CP2 LNG project in Cameron Parish, Louisiana, to export liquefied natural gas (LNG) to countries without a free trade agreement (FTA) with the
Oil Field
23-10-2025

Petrobras and Equinor Big Winners in Brazil’s Pre-Salt Auction
The Netherlands will cull around 161,000 chickens at a poultry farm in the central-eastern region of the country after bird flu was detected there, the government said in a statement on Wednesday. The cull is part of the country’s efforts to con
Oil Refinery
22-10-2025

Russia Ships First Oil to New Refinery in Georgia
Russian oil producer Russneft (RNFT.MM) has delivered its first oil cargo to Georgia’s newly constructed Kulevi oil refinery this month, according to LSEG ship-tracking data and industry sources. The delivery marks the beginning of crude supply
LNG
21-10-2025

Venture Global Ready to Introduce Natural Gas Into Final Part of Plaquemines LNG Plant
Venture Global (VG.N) has requested authorization from the Federal Energy Regulatory Commission (FERC) to begin introducing natural gas by Thursday into the final block of its Plaquemines LNG facility in Louisiana, according to a regulatory filing release
Oil Field
20-10-2025

McDermott Finishes Debut Subsea Project in Angola for TotalEnergies
U.S. offshore engineering and construction company McDermott has completed its first subsea project in Angola, working with TotalEnergies on the Begonia field development. The company announced on October 16 that it had finalized engineering, procurement,
Oil Field
19-10-2025

Equinor Starts Production in Bacalhau Offshore Brazil
Equinor ASA, along with its partners, has initiated production at the Bacalhau field in Brazil's offshore Santos Basin. The Norwegian energy company, majority state-owned, described this as its largest overseas development.Equinor and its partners

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