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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

24-02-2026

FirstEnergy Subsidiary Selects Site for New 1.2-Gigawatt Natural Gas Power Plant in West Virginia to Enhance Power Supply
Mon Power and Potomac Edison, subsidiaries of FirstEnergy, have identified a 35-acre site adjacent to the Fort Martin Power Station in Maidsville, West Virginia, for the construction of a 1,200-megawatt natural gas power plant. The selection of this natur
24-02-2026

Ohio Natural Gas Power Project Launches First Energy Cooperation Under U.S.-Japan Investment Framework
The U.S. Department of Commerce announced on Tuesday that a planned 92-gigawatt natural gas power complex near Portsmouth, Ohio, is one of the first projects under a new U.S.-Japan trade and investment framework, with an estimated investment of $33 billio
24-02-2026

U.S. Crude Oil Inventories Fall by 9 Million Barrels; Refinery Utilization Rate Reaches 91.0%
The U.S. Energy Information Administration (EIA) released its weekly inventory data for the week ending February 13, 2026, showing that U.S. commercial crude oil inventories decreased by 9 million barrels from the previous week to 419.8 million barrels. T
24-02-2026

ConocoPhillips Considers Selling Permian Basin Assets Worth Approximately $2 Billion
ConocoPhillips is currently considering selling some of its assets in the Permian Basin to further streamline its investment portfolio. According to informed sources, the assets up for sale primarily originate from ConocoPhillips' previous acquisi
24-02-2026

Canadian Natural Gas Production Hits Record High, Surpassing 20 Billion Cubic Feet per Day for the First Time
According to the latest data released by the Canada Energy Regulator (CER), in November 2025, Canada's natural gas production reached a historic high, surpassing 20 billion cubic feet per day (bcf/d) for the first time. This milestone growth marks
13-02-2026

Western Canada Select Crude Oil Discount Widens to Near One-Year High
The discount for Western Canada Select crude oil relative to the North American benchmark West Texas Intermediate futures widened to its highest level since July 2024.Data from brokerage CalRock shows that the settlement price for March-delivery Western C
13-02-2026

Centrica Energy and Seneca Resources Sign Long-Term MiQ Methane Emissions Certificate Agreement
Centrica Energy and Seneca Resources have recently entered into a 10-year agreement involving the procurement of MiQ-certified natural gas certificates, aimed at supporting independently verified methane emissions reductions. This long-term transaction is
05-02-2026

Equatorial Guinea Advances Plan to Expand Natural Gas Export Facilities
Equatorial Guinea has made significant progress in enhancing its liquefied natural gas (LNG) export capacity. The country's LNG export facility, with an annual capacity of 3.7 million tons, has initiated a flow expansion plan. This project receive
05-02-2026

Approval of Texas Deepwater Oil Terminal to Boost U.S. Crude Export Capacity
The U.S. federal government recently approved a project to construct a deepwater oil terminal along the Texas coast, which is being advanced by Sentinel Midstream. Named the Texas Gulf Coast Link, this facility is designed with an export capacity of 1 mil
05-02-2026

Libya Plans to Boost Gas Exports to Europe by 2030
Libya plans to boost its natural gas production in the next five years to have more supply available for export to Europe by early 2030, National Oil Corporation Chairman Massoud Suleman said on Tuesday.The country plans to increase gas production to near
03-02-2026

Victoria's Gas Supply Strategy Sparks East Coast Energy Policy Divisions
Victoria's measures to address forecasted gas supply shortages have reignited a broad discussion about the role governments should play in energy supply, moving beyond the specific controversy over pipeline expansion. This move touches on a core i
03-02-2026

BP and Corteva Establish Biofuel Feedstock Joint Venture to Advance Sustainable Energy Development
BP and the U.S. agricultural technology company Corteva Agriscience recently jointly announced the formal establishment of a joint venture named Etlas™, focused on developing sustainable crop-based feedstocks for producing renewable fuels. This
03-02-2026

UK Plans to Mobilize £100 Billion Investment in Clean Energy and Carbon Reduction by 2030
The UK National Wealth Fund recently unveiled a significant plan, aiming to mobilize over £100 billion in funding within the next five years to support clean energy projects and carbon capture technology. This initiative is designed to reduce gr
03-02-2026

New Oil and Gas Resources Discovered in the Knockando Fensfjord Exploration Area in the North Sea Brage Region
Norwegian oil and gas operator OKEA and its partners recently made a new oil and gas discovery in the Knockando Fensfjord exploration area within the North Sea Brage region (License PL1041). This discovery was obtained during development drilling operatio
03-02-2026

Rising Oil Prices Drive ExxonMobil and Chevron to Their Best Monthly Performance Since 2022
Driven by climbing energy prices and improving industry fundamentals, the stock prices of U.S. oil giants ExxonMobil and Chevron have shown strong performance recently and are on track for their biggest monthly gains in over three years. ExxonMobil rose 1
03-02-2026

Kazakhstan's Tengiz Oil Field Resumes Production with Output Gradually Increasing
Kazakhstan's largest oil field, the Tengiz oil field, has begun to resume oil production. The field is operated by Tengizchevroil, a joint venture led by Chevron, and production had previously been partially interrupted for reasons.The Kazakh Mini
03-02-2026

ExxonMobil and Kazakhstan Discuss Deepening Energy Investment Cooperation
According to the Ministry of Foreign Affairs of Kazakhstan, Kazakh Foreign Minister Yermek Kosherbayev held talks with ExxonMobil Senior Vice President Peter Lader, during which the two sides conducted in-depth exchanges on expanding investment cooperatio
03-02-2026

Increased Investment in Natural Gas Exploration in Queensland, Australia Expected to Boost Supply and Ease Energy Price Pressures
The Queensland Government recently announced the designation of preferred tenderers for three natural gas exploration blocks in the Cooper-Eromanga Basin, aiming to drive new exploration investment. This initiative is intended to increase future gas suppl
23-01-2026

Chiyoda Corporation Secures FEED Contract for Qatar's North Field West LNG Project
The Japanese engineering company Chiyoda Corporation has recently secured a new contract for a liquefied natural gas (LNG) project. The project is commissioned by QatarEnergy as part of its LNG production capacity expansion plan for the North Field.Accord
23-01-2026

Vietnam Electricity Group Secures Financing from Four State-Owned Banks for Quang Trach II LNG Power Plant
Recently, Vietnam Electricity Group (EVN) signed loan agreements with four state-owned banks, successfully securing financing for its Quang Trach II Liquefied Natural Gas (LNG) power plant project in Quang Tri province. The project has a total installed c
18-01-2026

Lion Energy Discovers Potential Oil Field on Seram Island, Indonesia
Australian-listed company Lion Energy Limited recently issued an announcement, revealing the discovery of a potential oil field in the Bula Bay area on Seram Island in eastern Indonesia. The company stated that the area may contain previously untapped pet
18-01-2026

Venezuela Officially Launches Liquefied Petroleum Gas Exports
On January 16, Venezuelan Acting President Delcy Rodríguez announced at the National Productive Economy Council meeting that Venezuela has signed contracts for the commercialization of liquefied petroleum gas, marking the official launch of the
18-01-2026

Larsen & Toubro Secures EPC Contract from ONGC for Dahej Petrochemical Complex Storage Tanks
India's Larsen & Toubro (L&T) announced that it has secured a lump-sum turnkey contract from the state-owned energy company Petronet LNG Ltd. The contract involves the design, procurement, construction, and commissioning of two large doubl
09-01-2026

Standard Bank Backs $285M Acquisition in Nigeria’s Gas Sector
Standard Bank has arranged a $285 million structured financing package to enable BlueCore Gas InfraCo to acquire Glover Gas & Power, the sole owner of Axxela – a major natural gas distributor in Nigeria.Axxela is one of West Africa&rsquo
08-01-2026

Shell Invests in Water Injection Project for Kaikias Field in US Gulf of Mexico
Shell announced that its subsidiary, Shell Offshore Inc., has decided to invest in a water injection project for the Kaikias field in the US Gulf of Mexico.It is understood that water injection is a secondary oil recovery method that involves injecting wa

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