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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

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
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

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