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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
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
LNG
05-09-2025
‘Transformative’ Liquefaction Hub on the Anvil for Canada’s Easternmost Province
Fermeuse Energy, a Canadian company, has announced plans to lead the development of a liquefied natural gas (LNG) export project in Newfoundland and Labrador. The project, estimated at $12–15 billion, will be based at the company’s new
Crude Oil
04-09-2025
Colombia’s Oil and Gas Production Fall in July
Colombia’s oil and natural gas output declined in July compared with the same period last year, the National Hydrocarbons Agency announced in a statement on Wednesday.The logo of Colombia's National Hydrocarbons Agency (ANH), is seen in
Gas Pipeline
03-09-2025
Enbridge to Go Ahead With Algonquin Gas Transmission Pipeline Expansion Project
On Tuesday, Enbridge (ENB.TO) announced its final investment decision to proceed with the expansion of the Algonquin Gas Transmission (AGT) pipeline. The project aims to meet the rising demand for natural gas in the United States, particularly in the Nort
Crude Oil
01-09-2025
WoodMac Deems Recent US Oil Find as Gulf of America’s Biggest Discovery in Eight Years
Talos Energy has announced a significant oil discovery at the Daenerys prospect in the Walker Ridge area of the Gulf of America, marking a notable achievement in the region's energy sector. According to energy research firm Wood Mackenzie, this fi
Crude Oil
30-08-2025
Orlen Signs 12-Month Deal With Equinor for Supply of 15% Oil It Uses
Polish refiner Orlen has entered into a one-year agreement with Equinor, a Norwegian energy company, to supply over 6 million tons of crude oil. This contract, announced on Friday, will meet approximately 15% of the annual crude oil needs for Orlen&rs
Natural Gas
31-08-2025
JEA Board Approves $1.57bn Natural Gas Facility in Jacksonville, US
The board of Jacksonville Electric Authority (JEA), a municipal utility in Florida, has unanimously approved a $1.57 billion plan to build a combined cycle natural gas facility at the former St Johns River Power Park site in Jacksonville. The new plant, w
Natural Gas
29-08-2025
Exxon Sees Natural Gas Demand Surging in Outlook to 2050
Exxon Mobil, a leading U.S. oil producer, announced on August 28, 2025, that global natural gas demand is expected to increase by over 20% by 2050 compared to 2024 levels. This growth is driven by its role in replacing coal for industrial power and meetin
Oil Field
31-08-2025
New Zealand Prolongs Oil Production Lifespan of OMV’s 16-Year-Old Field to 2037
OMV New Zealand, a subsidiary of Austria’s OMV, has been granted a 10-year extension of its petroleum mining permit (PMP) 38160 for the Maari oil field, located 80 kilometers offshore Taranaki, New Zealand. The permit, now valid until December 2
LNG
28-08-2025
EQT to Buy LNG From Sempra’s Port Arthur Phase 2 Project
On August 27, 2025, Sempra, a U.S. energy company, announced that its subsidiary will supply 2 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) to EQT Corp from the Port Arthur LNG Phase 2 project in Texas. The agreement, spanning 20 years,
Oil and Gas Equipment
27-08-2025
PetroChina Proposes to Buy Gas Facilities From CNPC in $5.59 Billion Deal
On August 26, 2025, PetroChina (601857.SS) announced a plan to acquire three natural gas storage facilities from its majority shareholder, China National Petroleum Corporation, in a transaction valued at 40.02 billion Chinese yuan ($5.59 billion). The fac
Oil Shale
25-08-2025
Crescent Energy Nears Deal for US Shale Peer Vital Energy, Sources Say
Crescent Energy, a U.S. energy company, is in advanced discussions to acquire Vital Energy, a smaller firm, sources familiar with the matter reported on Friday, August 22, 2025. The potential deal would strengthen Crescent’s operations in the Pe
LNG
22-08-2025
ConocoPhillips to Buy LNG From Sempra’s Port Arthur Phase 2 Project
ConocoPhillips announced on Thursday it will secure 4 million tonnes per annum of LNG from Sempra’s Port Arthur LNG Phase 2 project in Jefferson County, Texas, for global markets. The 20-year free-on-board agreement enhances ConocoPhillips&r
Oil Refinery
21-08-2025
Indiana’s BP Refinery Restarts After Severe Flooding
BP’s 440,000-barrel-per-day refinery in Whiting, Indiana, the largest in the U.S. Midwest, began restarting operations on August 20, 2025, following disruptions caused by flooding earlier this week, according to industry monitor IIR. The facilit
Oil Exploration
20-08-2025
Iraq Signs Agreement With Chevron on Oil Exploration Projects, Prime Minister Says
On August 19, 2025, in Baghdad, Iraq, the Iraqi Oil Ministry finalized an agreement in principle with U.S.-based Chevron for the Nassiriya oil project, as announced by Prime Minister Mohammed Shia al-Sudani. The initiative encompasses four exploration blo
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Rising Oil Prices Drive ExxonMobil and Chevron to Their Best Monthly Performance Since 2022
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Victoria's Gas Supply Strategy Sparks East Coast Energy Policy Divisions
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CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons
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Equatorial Guinea Advances Plan to Expand Natural Gas Export Facilities
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Egypt and Lebanon Sign Memorandum of Understanding on Natural Gas Supply
