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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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
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
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Exxon and QatarEnergy's joint venture Golden Pass produces first LNG at new Texas facility
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Baker Hughes to Supply Tech for Offshore LNG Project in Texas
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Equinor starts drilling major gas development in Brazil
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Algeria and Spain in talks to increase gas supply
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Petron secures 2.5M barrels of Russian crude oil
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PH, China reopen oil exploration talks
