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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

LNG
01-07-2025

Canada's First LNG Export Cargo Shipped to Asia
On Monday, a spokesperson for LNG Canada, led by Shell, announced that the country’s first liquefied natural gas (LNG) cargo departed from Kitimat, British Columbia, destined for Asia. The cargo was loaded onto the tanker Gaslog Glasgow, marking
LNG
30-06-2025

PTT Secures First Long-Term LNG Export Contract Outside Thailand
Thailand’s state-owned oil and gas company, PTT, has entered into a heads of agreement (HoA) with Centrica Energy, a UK-based energy firm, for a multi-year supply of liquefied natural gas (LNG). The agreement, finalized in June 2025, stipulates
Natural Gas
30-06-2025

More Gas for Europe as Shell Turns on the Taps at Norwegian Field’s Next Chapter
Shell, a UK-based energy company, has initiated production at the Ormen Lange phase III project in the Norwegian Sea, 120 kilometers northwest of Kristiansund, Norway. This phase enhances gas recovery from the field, increasing the recovery rate from 75%
LNG
30-06-2025

Texas Gulf Coast Getting New Low-Carbon LNG Export
Coastal Bend LNG, a privately held energy infrastructure company, has announced plans to develop a liquefied natural gas (LNG) export facility on the Texas Gulf Coast. The project, designed to meet global demand for sustainable energy, will have a capacit
LNG
27-06-2025

Chevron Raises Offtake From Lake Charles LNG to 3 MMtpa
On Wednesday, Energy Transfer LP announced an expanded agreement with Chevron Corp. for an additional 1 million metric tons per annum (MMtpa) of liquefied natural gas (LNG) from the planned Lake Charles LNG project in Louisiana. This increases Chevron&
Natural Gas
26-06-2025

Key Section of China’s West-East Gas Transmission Project Starts Operation
A significant segment of China’s west-to-east gas transmission project commenced operations on June 26, 2025, enhancing the country’s energy distribution and sustainability efforts.The Gansu-Ningxia section, stretching from Turpan in X
LNG
26-06-2025

Chevron Staying Ahead of LNG Game With Another 20-Year US Offtake Deal
Chevron, a U.S.-based energy company, has signed a new 20-year sale and purchase agreement (SPA) with Energy Transfer LNG, a subsidiary of Energy Transfer, to source liquefied natural gas (LNG) from the Lake Charles LNG export facility under development o
LNG
26-06-2025

Woodside Closes Stake Sale in Gulf Coast LNG Project
Woodside, an Australian energy company, has completed the sale of a 40% interest in its Louisiana LNG project in Calcasieu Parish, Louisiana, to Stonepeak, a New York-based investment firm focused on infrastructure. The transaction, announced in April and
Natural Gas
25-06-2025

Second Phase of China’s Largest Offshore Gas Field Goes Operational
China National Offshore Oil Corporation (CNOOC), the leading offshore oil and gas producer in China, announced on June 25, 2025, the full operation of the second phase of its Shenhai Yihao (Deep Sea No. 1) gas field in the South China Sea. This milestone
LNG
28-06-2025

Two-Train Expansion of Cheniere’s South Texas LNG Terminal Is a Go
Cheniere Energy, a U.S. energy firm, has finalized the investment decision for expanding its liquefied natural gas (LNG) facility on the La Quinta Ship Channel in South Texas. The Corpus Christi Midscale Trains 8 & 9 and debottlenecking project has be
LNG
25-06-2025

Cheniere Board Approves Corpus Christi LNG Expansion Project
Cheniere Energy confirmed on Tuesday its decision to expand the Corpus Christi LNG project, resulting in a 2.4% rise in its shares during afternoon trading. Bechtel Energy will undertake construction of the CCL Midscale Trains 8 & 9 to support this in
Crude Oil
24-06-2025

Petrovietnam and Partners Sign PSC for Vietnam’s Block 15-1
Vietnam National Oil and Gas Group (Petrovietnam) and its partners have signed a new product sharing contract (PSC) for Block 15-1, situated on the southern continental shelf of Vietnam. The agreement marks the start of Phase 2B of the White Lion Project,
FLNG
24-06-2025

‘Significant Milestone’ for BP’s Mega Gas Project as FLNG Moves to Commercial Ops
Golar LNG, a Bermuda-based operator of LNG midstream infrastructure, has reached a key milestone with the commencement of commercial operations for its FLNG Gimi unit at the Greater Tortue Ahmeyim (GTA) gas project, located offshore Mauritania and Senegal
LNG
23-06-2025

LNG Canada Produces First Liquefied Natural Gas for Export
On Sunday, June 22, 2025, the Shell-led LNG Canada facility in Kitimat, British Columbia, produced its first liquefied natural gas (LNG) for export, a project spokesperson confirmed. This milestone positions the facility to load its first LNG export cargo
Oil Field
22-06-2025

More Time for UK Operator to Breathe Life Into Two North Sea Oil Discoveries
UK-based oil and gas company Orcadian Energy has secured an extension for Phase B of its P2482 license, allowing continued development of the Elke and Narwhal oil discoveries in the North Sea until July 14, 2027. The extension supports plans to develop th
LNG
19-06-2025

BW Opal FPSO Arrives at Barossa Field, Commissioning Underway
Australia’s Santos Ltd. announced that the BW Opal floating production, storage, and offloading (FPSO) vessel has arrived at the Barossa gas field, marking a key step toward first gas production in the third quarter of 2025. The FPSO, now hooked
LNG
18-06-2025

Woodside Energy Signs LNG Supply Deal With Petronas Unit
On June 18, 2025, Australia’s Woodside Energy (WDS.AX) announced a new agreement with a subsidiary of Malaysia’s Petroliam Nasional (IPO-PETO.KL). The deal involves the supply of 1 million tonnes of liquefied natural gas (LNG) per year
Crude Oil
17-06-2025

China Builds a Crude Oil War Chest Amid Middle East Tensions
China's crude oil stockpiles continue to grow as the nation refines less than its combined imports and domestic production, maintaining its position as the world's largest oil importer. In May, the surplus reached 1.4 million barrels per d
Oil Refinery
16-06-2025

China’s May Refinery Throughput at 9-Month Low on Plant Overhauls
China’s crude oil throughput declined by 1.8% year-on-year in May, reaching its lowest level since August 2023, according to official data released on Monday. The National Bureau of Statistics (NBS) reported that the country processed 59.11 mill
LNG
13-06-2025

JERA Enters Long-Term Deals to Buy Up to 5.5 MMtpa of US LNG
JERA Co. Inc., a Japanese power utility, has signed agreements with six U.S. liquefied natural gas (LNG) projects to purchase up to 5.5 million metric tons per annum (MMtpa) over 20 years. The deals, announced in Washington, involve projects across Texas
Oil Field
13-06-2025

PSC Extension Secured for Totalenergies’ Angolan Deepwater Block
TotalEnergies and its partners have signed an extension to the production sharing contract (PSC) for Block 17, one of Angola’s most productive offshore oil blocks. The agreement reinforces the consortium’s long-term operations in the r
LNG
12-06-2025

GAIL Completes First LNG Discharge at Dabhol
GAIL (India) Ltd., a state-owned company, has successfully completed the first berthing and discharge operation at its Dabhol LNG terminal in Maharashtra, India. The vessel GAIL Bhuwan was received at the facility following the completion of a breakwater
Natural Gas
12-06-2025

Trio Lands $5B Contracts to Support ADNOC’s Gas Output Expansion
ADNOC Gas, a subsidiary of Abu Dhabi National Oil Company, has finalized its investment decision for the first phase of the Rich Gas Development (RGD) project, marking a significant step in optimizing gas assets and accessing new gas reserves. This phase
FLNG
11-06-2025

SHI Starts Assembling Canada-Bound FLNG
On May 26, 2025, Samsung Heavy Industries (SHI) held a topside steel cutting ceremony at its shipyard in South Korea, marking a significant milestone for the Cedar LNG project near Kitimat, British Columbia, Canada. The event marked the beginning of const
LNG
11-06-2025

Rising Asia Temperatures Bode Well for US LNG Export Prospects
Forecasts for above-average temperatures in key Asian markets through August 2025 are expected to increase demand for U.S. liquefied natural gas (LNG) exports, which have already reached record highs this year. Higher temperatures in Japan, South Korea, a

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