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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
Oil&Gas Drilling
03-01-2026
UAE Shipyard Welcomes Saudi Arabian Drilling Rig for Maintenance Operations
Abu Dhabi-headquartered Marine Oilfield Integrated Solutions has confirmed that a jack-up drilling rig owned by Saudi Arabia's Arabian Drilling has arrived at its Hamriyah shipyard in Sharjah, UAE, to commence comprehensive maintenance work.Marine
Crude Oil
31-12-2025
CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons
On December 30, CNOOC announced that the cumulative oil and gas equivalent production of its offshore gas field cluster around Hainan Island in 2025 has exceeded 10 million tons, reaching a record high. The output has doubled compared to the end of the 13
Crude Oil
03-01-2026
Egyptian Petroleum Minister Inspects First Exploration Well Operations at New Oil Field in Gulf of Suez
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, recently visited the Gulf of Suez region to inspect the drilling progress of Well No. 133. The well is being operated by Belayim Petroleum Company using the Trident 16 drilling pla
Natural Gas
30-12-2025
Egypt and Lebanon Sign Memorandum of Understanding on Natural Gas Supply
Officials from Egypt and Lebanon signed a memorandum of understanding in Beirut on December 29, aimed at facilitating the supply of Egyptian natural gas to Lebanon's Deir Ammar power plant. The memorandum was signed by Egyptian Minister of Petrole
LNG
29-12-2025
Australia’s Woodside Signs Binding LNG Supply Deal With Turkey’s Botas
Australia's Woodside Energy announced on Monday that it has entered into a binding supply agreement with Turkey's state-owned petroleum company BOTAS. The deal covers the delivery of approximately 5.8 billion cubic meters of liquefied natu
Natural Gas
26-12-2025
Russia’s Gazprom Supplied 38 Bcm of Gas to China via Power of Siberia Pipeline in 2025
Russia's energy company Gazprom supplied 38.8 billion cubic metres of natural gas to China through the Power of Siberia pipeline in 2025. This represents an increase of nearly 20% compared to the previous year, according to Gazprom CEO Alexei Mill
LNG
25-12-2025
Malaysia’s Petronas Signs LNG Supply Deal With China’s CNOOC
Malaysian state-owned energy company Petroliam Nasional Berhad (Petronas) announced on Wednesday that it will supply Chinese offshore oil and gas company CNOOC with 1 million metric tons per annum of liquefied natural gas (LNG).The agreement was signed be
Oil&Gas Drilling
24-12-2025
Norway’s November Oil and Gas Production Beats Forecast
Norway's combined oil and gas production in November exceeded the official forecast by 0.9%, according to preliminary data released by the Norwegian Offshore Directorate (NOD) on Tuesday.As Europe's leading supplier of natural gas and a si
Crude Oil
22-12-2025
China’s Largest Offshore Oilfield Reports Record Annual Oil, Gas Output
China National Offshore Oil Corporation (CNOOC) announced on December 21, 2025, that the Bohai Oilfield, the country's largest offshore oil and gas production area, has achieved a record output of more than 40 million tonnes of oil equivalent in 2
Oil Shale
20-12-2025
Japanese Company Buys U.S. Shale Assets for $1.3 Billion
Japan Petroleum Exploration Co. (JAPEX) has agreed to acquire U.S. shale oil and gas producer Verdad Resources Intermediate Holdings for $1.3 billion. The transaction will be funded through a mix of existing cash reserves and borrowed funds.Verdad'
Oil & Gas Trade
18-12-2025
Carlyle Hires Goldman Sachs for Lukoil Asset Bid
U.S. private equity firm Carlyle has engaged Goldman Sachs to assist with its potential acquisition of international assets from Russian oil company Lukoil. This development was reported by Reuters on Wednesday, citing two individuals familiar with the de
LNG
17-12-2025
Chevron to Supply Hungary With 2 Billion Cubic Metres of LNG, Minister Says
Hungary's state-owned energy company MVM has entered into a five-year agreement with U.S. energy firm Chevron for the delivery of liquefied natural gas totaling 2 billion cubic meters, announced Hungarian Foreign Minister Peter Szijjarto on Decemb
Gas Pipeline
16-12-2025
Uniper to Launch Sale of 20% Stake in Opal Gas Pipeline
Uniper has initiated the process to divest its 20% stake in the regulated OPAL gas pipeline, in line with the European Commission's state aid approval decision dated 20 December 2022.The scope of the transaction includes the full transfer of share
LNG
12-12-2025
Italy's Snam Tightens Grip on LNG Terminal as Liquefied Gas Imports Rise
Italy's gas transmission operator Snam announced on Thursday that it will acquire a 48.2% stake in the OLT Offshore LNG Toscana terminal, located off the coast of Livorno in Tuscany. The transaction will raise Snam's ownership in the float
Natural Gas
11-12-2025
Senegal Plans to Nationalise Kosmos-Run Yakaar-Teranga Gas Project
Senegal intends to nationalize the Yakaar-Teranga gas field, one of the largest discoveries globally in recent years, to prioritize supplying natural gas for domestic requirements, Energy Minister Birame Souleye Diop announced on Tuesday.An LNG transport
Natural Gas
10-12-2025
Italy’s Eni Discovers Major Gas Reserves off Borneo in Indonesia
Italian energy company Eni announced on Tuesday that it has made a significant natural gas discovery in the Kutei Basin, approximately 50 kilometers off the eastern coast of Indonesia's Kalimantan region (Indonesian part of Borneo Island).The Kont
Natural Gas
09-12-2025
$1.98 Billion Chapter to ‘World-Class’ Gas Story Coming up Next off Australia
Chevron Australia has reached a final investment decision (FID) on the Gorgon Stage 3 development, committing approximately A$3 billion (US$1.98 billion) to extend the life of the major natural gas project located off the northwest coast of Western Austra
LNG
09-12-2025
Japan’s JERA Signs First Long-Term LNG Export Deal With India’s Torrent Power
Japan's largest power generation company, JERA, has concluded its first long-term liquefied natural gas (LNG) export agreement with India's Torrent Power, the company announced on Monday.The logo of JERA Co., Inc., the world's bigg
Oil & Gas Trade
08-12-2025
Chevron to Join Nigeria Oil Licence Auction, Plans Rig Deployment in 2026
Chevron announced on Friday that it will take part in Nigeria's upcoming oil licensing round and intends to deploy a drilling rig in late 2026 to support further growth in the country, Africa's largest oil producer.Jim Swartz, Chairman and
Natural Gas
06-12-2025
Equinor Makes Two Gas and Condensate Discoveries in the North Sea
Norwegian energy company Equinor (EQNR.OL) announced on Friday that it has successfully made two new discoveries of natural gas and condensate in the Norwegian North Sea."These are Equinor's largest discoveries so far this year and can be dev
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
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Most views from Oil & Gas
1
BP and Corteva Establish Biofuel Feedstock Joint Venture to Advance Sustainable Energy Development
2
Rising Oil Prices Drive ExxonMobil and Chevron to Their Best Monthly Performance Since 2022
3
Victoria's Gas Supply Strategy Sparks East Coast Energy Policy Divisions
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CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons
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Egypt and Lebanon Sign Memorandum of Understanding on Natural Gas Supply
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Equatorial Guinea Advances Plan to Expand Natural Gas Export Facilities
