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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Crude Oil
08-08-2025

China’s July Crude Oil Imports up 11.5% Year-On-Year
China’s crude oil imports in July 2025 increased by 11.5% compared to the same month last year, reaching 47.2 million metric tons, or 11.12 million barrels per day, according to data released by the General Administration of Customs on August 7,
Gas Pipeline
07-08-2025

Energy Transfer to Build $5.3b TX to AZ Natural Gas Pipeline
Energy Transfer LP announced on Wednesday its plans to construct a $5.3 billion natural gas pipeline from the Permian Basin to markets in New Mexico and Arizona. The project, an expansion of the company’s Transwestern Pipeline network, is expect
LNG
06-08-2025

Technip Secures ‘Major’ Epc Deal for Louisiana LNG Terminal
Commonwealth LNG, managed by energy-focused investment firm Kimmeridge, has engaged Technip Energies, a French engineering company, to provide engineering, procurement, and construction services for its liquefied natural gas (LNG) facility in Cameron Pari
Oil Refinery
05-08-2025

India’s Biggest Refiner Buys US, Middle East Crude as Trump Slams Russia Purchases
Indian Oil Corporation (IOC), India's largest refiner, has secured 7 million barrels of crude oil from the United States, Canada, and the Middle East for September delivery, according to four trade sources on Monday. The procurement includes 4.5 m
RNG
04-08-2025

Ameresco and Republic Services Launch Another RNG Facility in Illinois
On July 29, 2025, Ameresco Inc., a prominent energy solutions provider, announced the successful commercial operation of a renewable natural gas (RNG) facility at the County Landfill in Dixon, Illinois. This project, developed in partnership with Republic
Oil Field
04-08-2025

CNOOC Achieves New Gas Startup in South China Sea
CNOOC Ltd., a subsidiary of China National Offshore Oil Corp., has commenced production at the Dongfang 1-1 Gas Field 13-3 Block Development Project in the Yinggehai Basin, South China Sea. This marks the company’s ninth offshore project startup
Oil&Gas Drilling
04-08-2025

China’s Independent Oil Firms Elbow Into Iraq’s Majors-Dominated Market
China's independent oil companies are significantly increasing their investments in Iraq, a major OPEC producer, with plans to double their output to 500,000 barrels per day by 2030, according to executives from four of these firms. This expansion
LNG
02-08-2025

Construction Costs Rise at Canada’s Woodfibre LNG Project
The Woodfibre LNG project, a 2.1-million tonne liquefied natural gas export facility under construction near Squamish, British Columbia, has encountered higher capital costs, according to Enbridge, a Canadian pipeline company, in a statement released on F
LNG
01-08-2025

Sempra, Japan’s Jera Enter Into 20-Year LNG Supply Deal
Sempra Infrastructure, a subsidiary of U.S.-based Sempra, announced a 20-year agreement to supply Japan’s largest power generator, JERA, with 1.5 million tonnes of liquefied natural gas (LNG) annually. The LNG will be sourced from Sempra&rsq
LNG
03-08-2025

Italy’s Biggest LNG Terminal Poised for Capacity Upgrade
Italy’s Terminale GNL Adriatico is set to begin maintenance and capacity expansion at its liquefied natural gas (LNG) terminal in the northern Adriatic Sea next month. The scheduled work will commence on August 1, during which the terminal will
Natural Gas
31-07-2025

Uniper, Tourmaline Ink 234 Bcf Gas Deal
Tourmaline Oil Corp., a Canadian natural gas producer, has entered into an eight-year supply agreement with German energy company Uniper SE. The deal, announced in a joint statement on Wednesday, involves the delivery of 234 billion cubic feet (Bcf) of na
Crude Oil
30-07-2025

Mexico Exports 39% Less Crude Oil in June, Lowest Level in Decades
In June, Mexico's state-owned oil company, Pemex, experienced a 39% decrease in crude oil exports compared to the previous year, marking the lowest export level in decades, according to official data released on Monday. The company exported 458,10
Crude Oil
29-07-2025

Thailand’s PTTEP Buys 50% of Offshore Gas Block From Chevron for $450 Million
Thai oil and gas company PTT Exploration and Production (PTTEP) announced a $450 million deal to acquire a 50% stake in Block A-18, located in the Malaysia-Thailand Joint Development Area (MTJDA) in the Gulf of Thailand. The transaction was signed with He
Crude Oil
02-08-2025

Trendsetter Bags Contract From Major US Gulf Operator
Trendsetter Engineering Inc., based in Houston, Texas, has been awarded a contract to supply four 15K horizontal subsea tree systems, along with associated tooling and installation services, to a major operator in the Gulf of America. This agreement, anno
Crude Oil
28-07-2025

Valeura Energy Strikes a Deal With Pttep to Expand Its Thai Oil & Gas Footprint
Canada-based Valeura Energy has entered into a farm-in agreement with Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) to acquire a 40% interest in two offshore blocks, G1/65 and G3/65, in the Gulf of Thailand. This acqui
Natural Gas
25-07-2025

Shell Signs off on Egypt’s Mediterranean Gas Project
BG International, a subsidiary of UK-based energy company Shell, has finalized its investment decision to develop the Mina West gas discovery in Egypt’s Mediterranean Sea. The project is situated in the Northeast El Amriya concession, approximat
Oil Field
24-07-2025

Changqing Oilfield’s Daily Shale Oil Output Surpasses 10,000 Tonnes
On Wednesday, Changqing Oilfield, China’s largest oil-and-gas field, reported a daily shale oil production of 10,006 tonnes, marking a significant milestone in the country’s shale oil development. Situated in the Ordos Basin, the oilfi
Crude Oil
23-07-2025

US Became Net Exporter of Crude to Nigeria for the First Time, EIA Says
In February and March 2025, the United States became a net exporter of crude oil to Nigeria, driven by changes in regional demand and supply, according to the U.S. Energy Information Administration (EIA). This shift occurred as demand for crude oil on the
Oil Field
22-07-2025

First Oil Flows From Chinese Major’s Bohai Sea Shallow Water Asset
CNOOC Limited, a subsidiary of China National Offshore Oil Corporation, has commenced production at the Kenli 10-2 Oilfields Development Project (Phase I) in the southern Bohai Sea. This project, fully owned and operated by CNOOC Limited, is recognized as
Natural Gas
21-07-2025

Azule Energy Reports Gas Discovery Offshore Angola
Azule Energy reported a significant gas discovery at the Gajajeira-01 exploration well, located offshore in Angola’s Lower Congo Basin. Drilled at a water depth of 3,111.7 feet, approximately 37.3 miles off the coast, the well encountered gas- a
LNG
18-07-2025

Sempra-Led US LNG Project Marks 1,000 Global Deliveries
Cameron LNG, an LNG export facility in Hackberry, Louisiana, has exported its 1,000th cargo, as shared in a company social media post. The milestone shipment departed on the Maran Gas Kimolos vessel. Over six years, the terminal has supplied LNG to 37 cou
Natural Gas
17-07-2025

CNOOC Unveils Major Discovery at Weizhou 10-5 Gas Field
CNOOC Limited, in collaboration with 80883, has reported a significant discovery in the exploration of metamorphic buried hills in the Beibu Gulf of the South China Sea. The Weizhou 10-5 South Oil and Gas Field is projected to yield 165,000 cubic feet of
LNG
17-07-2025

Venture Global Signs 20-Year Contract to Supply LNG to Italy’s Eni
On Wednesday, Venture Global, a U.S.-based energy company, and Eni, an Italian state-controlled energy group, announced a new agreement for the supply of liquefied natural gas (LNG). Under the deal, Venture Global will provide Eni with 2 million metric to
LNG
16-07-2025

India’s GAIL Seeks 5-To-10-Year LNG Deal, Sources Say
GAIL (India) Ltd, a state-owned enterprise, is pursuing a long-term contract to secure liquefied natural gas (LNG) deliveries starting in 2027, according to four sources familiar with the matter. The agreement, spanning five to ten years, will link LNG pr
Crude Oil
15-07-2025

China Refining Output Rebounds to Strongest Since 2023
In June 2025, China’s crude oil refining output reached over 15.2 million barrels per day, the highest since September 2023, according to national statistics bureau data. This reflects an 8.5% increase from the previous year, overcoming declines

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