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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Crude Oil
19-10-2025

First Oil Flows From Offshore Project in Southeast Asia Ahead of Schedule
Vietsovpetro, the Vietnam–Russia joint venture between PetroVietnam and Zarubezhneft, has achieved first oil production from the BK-24 wellhead platform at the Bach Ho field off the coast of Vietnam, marking an early milestone for 2025. Accordin
Oil & Gas Trade
14-10-2025

Algeria Signs $5.4 Billion Oil and Gas Deal With Saudi Firm Midad Energy
Algeria’s state-owned energy company Sonatrach announced on Monday that it has signed a production-sharing contract worth approximately $5.4 billion with Saudi Arabia’s Midad Energy for oil and gas exploration and development in the Il
LNG
11-10-2025

Argentina’s YPF, ENI Finalize Vaca Muerta LNG Deal
Italy’s Eni and Argentina’s state-controlled energy company YPF announced on Friday that they have finalized an engineering agreement for a major liquefied natural gas (LNG) project based on Argentina’s Vaca Muerta shale formation. The signing took place
Oil Refinery
10-10-2025

BPCL Secures Land for $11 Billion Refinery Project in Southern India
India’s state-run Bharat Petroleum Corporation Limited (BPCL) will invest nearly $11 billion to construct a new refinery with a capacity of 180,000 to 240,000 barrels per day in the southern state of Andhra Pradesh, according to an order issued
Oil Field
09-10-2025

Exxonmobil Mulls Iraq Reentry With Majnoon Deal
Exxon Mobil Corp. is preparing to return to Iraq after nearly two years, with plans to sign agreements that could pave the way for exploring the country’s Majnoon oil field.ExxonMobil is considering re-entering Iraq after a nearly two-year hiatu
Oil&Gas Drilling
30-09-2025

Equatorial Guinea to Open Its 2026 Oil and Gas Licensing Round in April
Equatorial Guinea will open a new oil and gas licensing round in April 2026 to encourage exploration and offset declining oil production, Minister of Hydrocarbons and Mining Development Antonio Oburu Ondo said on Monday.Equatorial Guinea's Ministe
Oil Field
29-09-2025

Vitol Seals Acquisition of 30 Percent Stake in Ivorian Field
Eni SpA, an Italy-based global energy company, has finalized a 30 percent stake sale of the Baleine field offshore Cote d'Ivoire to Vitol Group, reducing Eni’s ownership to 47.25 percent. Petroci maintains a 22.75 percent stake. The tran
Oil Field
26-09-2025

Nigeria Approves Shell, Agip Buyout of TotalEnergies’ Stake in Bonga Oilfield
Nigeria’s oil regulator has approved a $510 million agreement by TotalEnergies to sell its 12.5% interest in Oil Mining Lease (OML) 118, which contains the offshore Bonga oilfield, to Shell and Agip. The Nigerian Upstream Petroleum Regulatory Co
LNG
03-10-2025

Mercuria to Supply Botaş With US-Sourced LNG Until 2045
Global energy and commodity company Mercuria has signed a long-term liquefied natural gas (LNG) purchase and sale agreement with Türkiye’s state-owned Petroleum Pipeline Corporation (BOTAŞ). The contract, signed during the 80th Session
Natural Gas
25-09-2025

Poland’s Gas Storage Hits 100%, Highest in EU, Minister Says
Poland's gas storage facilities have reached full capacity, with Energy Minister Miłosz Motyka announcing on Wednesday that they are now 100% full. In a post on X, Motyka highlighted this achievement, stating: "Gas storage in Poland is 100% f
Oil Field
24-09-2025

Exxon Greenlights $6.8 Billion Investment for Hammerhead Project in Guyana
Exxon Mobil announced on Monday the approval of funding for its seventh oil development project, named Hammerhead, in Guyana’s Stabroek Block. This milestone moves the company’s joint venture closer to its target of producing 1.7 milli
Crude Oil
22-09-2025

China’s Sinopec Upgrading Xinjiang Refining and Chemical Projec
China’s Sinopec has launched construction work to upgrade its integrated refining and petrochemical project in Xinjiang, the company announced on Saturday. Sinopec, recognized as the world’s largest refiner by capacity, said the initia
LNG
20-09-2025

Spain-Headquartered Asterion Comes on Board France’s Largest LNG Terminal
Asterion Industrial Partners, an investment management company headquartered in Madrid, has expanded its European energy portfolio by acquiring a stake in one of the largest liquefied natural gas (LNG) terminals in continental Europe. The firm announced t
LNG
19-09-2025

Oil India Sees Restart of Mozambique LNG Project by Year’s End
India’s state-run Oil India Ltd announced that development of a $20 billion Mozambique liquefied natural gas (LNG) project, operated by TotalEnergies, is expected to restart by the end of this year. Chairman Ranjit Rath said on Thursday that the
Natural Gas
18-09-2025

New Fortress Energy Gets New Deal to Supply Gas to Puerto Rico
New Fortress Energy Inc. (NFE) announced on Tuesday that it has reached an agreement with local authorities in Puerto Rico to continue supplying natural gas to the island's power system for another seven years. The contract, which was signed with
Gas Pipeline
17-09-2025

Chevron, Israeli Pipeline Operator to Kickstart New Gas Pipeline to Egypt
Chevron (CVX.N) announced on Tuesday that it signed an agreement with state-owned Israel Natural Gas Lines to begin construction of the Nitzana natural gas pipeline. The project will connect the Leviathan gasfield offshore Israel to Egypt, supporting regi
Oil Refinery
16-09-2025

SOCAR Agrees to Buy Oil Refiner Italiana Petroli, Sources Say
Italiana Petroli’s founding Brachetti-Peretti family has agreed to sell the oil refiner to the State Oil Company of Azerbaijan (SOCAR), handing the buyer control of one of Italy’s largest petrol station networks, two sources confirmed.
Crude Oil
12-09-2025

Russian Oil Output Rises in August, OPEC Data Shows
Russian oil production rose in August to 9.173 million barrels per day, an increase of 50,000 barrels per day compared with July, according to OPEC’s monthly report released on Thursday. The level, however, remained below Russia’s Augu
Natural Gas
11-09-2025

Chevron Bids in Tender for Gas Exploration Offshore Greece
U.S. energy company Chevron (CVX.N) has submitted a bid to explore for natural gas in four offshore blocks in Greece, in partnership with Greece’s Helleniq Energy (HEPr.AT). The announcement was made on Wednesday by Greek Energy Minister Stavros
Oil Shale
10-09-2025

Chevron to Boost Vaca Muerta Output to 30,000 Bpd by Year-End
Chevron (CVX.N) announced plans to raise oil production in Argentina’s Vaca Muerta shale formation to 30,000 barrels per day by the end of this year, according to Ana Moneto, the company’s Argentina country manager. She shared the upda
LNG
09-09-2025

ConocoPhillips to Buy LNG From Nextdecade’s Rio Grande Train 5 Project
U.S. oil and gas producer ConocoPhillips (COP.N) announced on Monday that it will purchase 1.0 million tonnes per annum of liquefied natural gas (LNG) from NextDecade’s (NEXT.O) Rio Grande export facility in Texas for 20 years. The agreement wil
Crude Oil
08-09-2025

India Will Keep Buying Russian Oil, Finmin Says
India’s Finance Minister Nirmala Sitharaman said on Sept. 5 that the country will continue to purchase Russian oil, noting the importance of securing energy supplies based on national interests. In an interview with News18 television, she stated
LNG
06-09-2025

Louisiana LNG Plant to Sport Conocophillips Liquefaction Tech
Monkey Island LNG has announced the selection of ConocoPhillips’ liquefaction technology for its planned natural gas liquefaction and export facility in Cameron Parish, Louisiana. The project, located on a 246-acre site on Monkey Island, is desi
LNG
07-09-2025

Italy’s Largest LNG Regasification Terminal to Be Back at Full Throttle by Mid-Month
Italy’s Terminale GNL Adriatico, operated by VTTI (70%) and Snam (30%), has announced the timeline for the return to full operation of its liquefied natural gas (LNG) regasification terminal in the Northern Adriatic Sea, the largest in Southern
LNG
07-09-2025

Hanwha Entrusts French Firm With Tank Design for LNG Carrier Duo
French containment technology company Gaztransport & Technigaz (GTT) announced that it has been contracted by South Korea’s Hanwha Ocean to design tanks for two new liquefied natural gas carriers (LNGCs). The order, placed on behalf of Hanwh

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Turkmenistan Expands Oil Production at Uzynada Field

Italy’s Eni Discovers Major Gas Reserves off Borneo in Indonesia

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Senegal Plans to Nationalise Kosmos-Run Yakaar-Teranga Gas Project