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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
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
Crude Oil
15-07-2025
Perenco Completes Acquisition of Woodside’s Greater Angostura Stakes
Woodside Energy Group Ltd. sold its Greater Angostura oil and gas assets in Trinidad and Tobago to Perenco Group for AUD 206 million ($135.18 million). The deal includes stakes in the Angostura (45%) and Ruby (68.46%) fields, producing 300 million standar
LNG
19-07-2025
More Acreage Secured for Louisiana’s LNG Export Project
The Greater Lafourche Port Commission (GLPC) in Louisiana, USA, has acquired an additional 743 acres (approximately 3 square kilometers) of land to support the expansion of Argent LNG’s export terminal in Port Fourchon. The acquisition, approved
Natural Gas
14-07-2025
Enstor Gets Green Light for Mississippi Hub Expansion Project
Emerald Storage Holdings LLC, the parent company of Enstor Gas LLC and Mississippi Hub LLC, has received approval from the Federal Energy Regulatory Commission (FERC) to proceed with construction of the Mississippi Hub Expansion project. The facility, loc
Natural Gas
14-07-2025
Enstor Gets Green Light for Mississippi Hub Expansion Project
Emerald Storage Holdings LLC, the parent company of Enstor Gas LLC and Mississippi Hub LLC, has received approval from the Federal Energy Regulatory Commission (FERC) to proceed with construction of the Mississippi Hub Expansion project. The facility, loc
Oil Field
13-07-2025
Subsea7 and Onesubsea Pick Up Work on Equinor’s New Chapter of Brazilian Oil Field Story
Equinor, a Norwegian state-owned energy company, has engaged Subsea Integration Alliance (SIA), a partnership between SLB OneSubsea and Subsea7, to conduct a concept study for the Bacalhau Phase 2 project at its operated oil field in the Santos Basin, off
Natural Gas
10-07-2025
DNO Signs Offtake Agreement to Supply Norwegian Gas to ENGIE
DNO ASA, through its Norwegian subsidiaries, has signed an offtake agreement with ENGIE SA, a France-based energy company, covering all gas production from DNO’s Norwegian operations. This follows DNO’s acquisition of Sval Energi Group
Oil & Gas Trade
08-07-2025
US Winds Down Exports of LPG to Venezuela, Treasury Says
On July 7, 2025, the U.S. Treasury Department announced the termination of a license permitting shipments of liquefied petroleum gas (LPG) to Venezuela’s state-owned energy company, Petroleos de Venezuela SA (PDVSA). The decision halts the autho
LNG
03-07-2025
Exxon, QatarEnergy JV Asks US Regulators for Permission to Re-Export LNG From October 1
Golden Pass LNG, a partnership between Exxon Mobil and QatarEnergy, has applied for U.S. regulatory approval to re-export liquefied natural gas (LNG) starting October 1, 2025. The company plans to import an LNG cargo to cool its export facility in Sabine
LNG
02-07-2025
US LNG Exports Fall in June Due to Plant Maintenance
U.S. liquefied natural gas (LNG) exports declined in June to 8.4 million metric tons (MT), marking the second-lowest monthly level for 2025. This drop from 8.9 MT in May and April's record of 9.3 MT was mainly due to seasonal maintenance at major
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Most views from Oil & Gas
1
Turkmenistan Expands Oil Production at Uzynada Field
2
Nigeria’s Dangote Refinery Says It Can Deliver 1.5 Billion Litres of Petrol in December
3
Russia’s Rosneft Reports 70% Fall In 9-Month Net Income
4
Gastech 2023 - Shaping the future of energy
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$4 Billion Deal in Hand as ADNOC Scores 20-Year Gas Supply Assignment
6
UK Eases North Sea Oil and Gas Licensing for Existing Fields
