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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

LNG
19-08-2025

Gas Demand at Two of the Top US LNG Plants Declines
On Monday, two major liquefied natural gas (LNG) export facilities in the United States experienced significant reductions in natural gas demand, indicating potential operational adjustments, according to data from financial firm LSEG.A view of Cheniere&a
Crude Oil
18-08-2025

China Still Storing Crude Oil Even as Refinery Runs Rise
In July 2025, China’s refineries increased processing rates but maintained a crude oil surplus of 530,000 barrels per day (bpd), driven by robust imports and domestic production. This surplus, down from 1.42 million bpd in June, reflects a strat
Oil Shale
16-08-2025

China Marks Major Milestone in Exploration With Discovery of Deep Shale Gas Field
China has achieved a key milestone in shale gas exploration with the discovery of a large-scale deep shale gas field in its southwestern region, with proven reserves surpassing 100 billion cubic meters, according to China Petroleum and Chemical Corp (Sino
LNG
16-08-2025

Centrica Getting a Decade’s Worth of US LNG
Centrica Energy, the trading arm of U.K. energy company Centrica, has signed a natural gas sale and purchase agreement with U.S.-based Devon Energy Corporation. The deal strengthens energy trade connections between the U.S. and the U.K., focusing on natur
Crude Oil
15-08-2025

China’s Zhenhua Oil Doubles Crude Offtake From UAE in New Deal, Sources Say
On Thursday, industry sources announced that China’s Zhenhua Oil will double its crude oil offtake from the Abu Dhabi National Oil Company (ADNOC) to 200,000 barrels per day (bpd). This development follows Zhenhua’s new role as asset l
LNG
14-08-2025

Nebula’s Singapore Arm Signs off on Australian Entry to Call the Shots at LNG Terminal
AG&P LNG, a Singapore-based subsidiary of Florida’s Nebula Energy, has entered the Australian liquefied natural gas (LNG) market by acquiring an LNG import terminal project from Venice Energy in South Australia. The agreement, finalized on A
Crude Oil
13-08-2025

US Crude Production to Hit Record 13.41 Million Bpd in 2025 Before Falling, EIA Says
The U.S. Energy Information Administration (EIA) released a monthly report on August 12, 2025, projecting U.S. crude oil production to reach a record 13.41 million barrels per day (bpd) in 2025, driven by improved well productivity. However, the report an
Natural Gas
17-08-2025

US Firm Finds Work on $8 Billion Gas Development in Africa
Mellitah Oil and Gas, a joint venture between Libya’s National Oil Corporation and Italy’s Eni, has selected Hill International, a U.S.-based company, to provide project management services for its $8 billion Structures A & E energ
LNG
12-08-2025

NextDecade Secures $1.8 Billion From TotalEnergies, GIP for Rio Grande LNG Project
NextDecade, a U.S. liquefied natural gas (LNG) developer, announced on Monday that it has obtained up to $1.8 billion in equity commitments to finance a new liquefaction plant at its Rio Grande LNG export facility in Texas. The funding comes from TotalEne
Oil Field
11-08-2025

Norway’s Northernmost Oil Field Formally Inaugurated
Equinor officially inaugurated the Johan Castberg oil field on August 8. This marks Norway’s northernmost oil development and the third producing field in the Barents Sea, following the Snøhvit and Goliat projects.Energy Minister Terj
Oil Refinery
09-08-2025

India Approves $3.4 Billion Payout to State-Run Refiners for Cooking Gas Losses
India’s government approved a 300 billion rupee ($3.4 billion) compensation package for state-owned oil marketing companies to cover losses from providing subsidized cooking gas, as announced by Information and Broadcasting Minister Ashwini Vais
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

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