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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
Oil Field
10-06-2025
Chinese Giant Augments Hydrocarbon Production as Oilfield Project Goes Live
China National Offshore Oil Corporation (CNOOC), a state-owned oil and gas company, has commenced production at the Weizhou 5-3 oilfield development project in the South China Sea. Located in the Beibu Gulf Basin with an average water depth of about 35 me
Gas Pipeline
09-06-2025
Canada’s Pipeline With Potential LNG Link Cleared to Move Forward
NW Infrastructure Limited Partnership, a collaboration between Western LNG and the Nisga’a Nation, has received approval from Canada’s British Columbia Environmental Assessment Office (EAO) to proceed with construction of the Prince Ru
Gas Pipeline
06-06-2025
Canadian Regulator Says Prince Rupert Gas Transmission Pipeline Project Has Started
British Columbia’s Environmental Assessment Office announced on Thursday that the Prince Rupert Gas Transmission (PRGT) natural gas pipeline project has achieved significant progress. This ensures the project’s 2014 environmental asses
Natural Gas
05-06-2025
China’s Largest Coalbed Methane Field Reaches Milestone Output
By the end of May 2025, the Daning-Jixian coalbed methane field in Shanxi Province, northern China, achieved a cumulative gas production of over 3.6 billion cubic meters, equivalent to more than 2.8 million tonnes of oil and gas, according to PetroChina C
Natural Gas
05-06-2025
Canada’s Propane Exports Soar 9.2% in 2024 as Gas Output Grew
Canada’s Propane Exports Soar 9.2% in 2024 as Gas Output GrewOn Wednesday, the Canada Energy Regulator reported a notable increase in Canadian propane and butane exports for 2024, driven by higher natural gas production. The data revealed that p
LNG
04-06-2025
$28 Billion LNG Export Project Breaks Ground in Louisiana
Venture Global, a U.S.-based liquefied natural gas (LNG) producer, has begun site work for its CP2 LNG export project in Louisiana, marking its third facility in five years. The project, located in Cameron Parish, aims to supply LNG to global markets star
LNG
03-06-2025
US LNG Exports Declines in May From April’s Record
In May 2025, U.S. liquefied natural gas (LNG) exports decreased to 8.9 million metric tons from a record 9.3 million metric tons in April, according to preliminary LSEG ship tracking data. The decline was attributed to reduced output at multiple U.S. faci
Oil Field
02-06-2025
OKEA Makes New Oil Discovery in North Sea’s Brage Field
Norwegian energy company OKEA, along with its partners, has confirmed a new oil discovery in the southern part of the Prince prospect at the Brage field in the North Sea. The find, announced in May 2025, was made in wildcat well 31/4-A-23 G, while a nearb
LNG
30-05-2025
Sempra’s Port Arthur Phase 2 Wins US Approval to Export LNG
Sempra Energy, a U.S.-based energy company, received approval from the U.S. Department of Energy on Thursday to export liquefied natural gas (LNG) from its Port Arthur Phase 2 project in Texas to markets in Europe and Asia. This marks the first final LNG
Oil Refinery
30-05-2025
Petroecuador Declares Emergency at Ecuador’s Biggest Refinery After Fire Damages
Petroecuador, Ecuador’s state-owned oil company, announced a 60-day emergency at the Esmeraldas refinery, the country’s largest, on Thursday, following a fire that damaged several fuel tanks earlier this week. This marks the second eme
Natural Gas
29-05-2025
Natural Gas Flows to Freeport LNG Export Plant in Texas Drop Wednesday, Sources Say
On Wednesday, natural gas flows to the Freeport LNG export facility in Texas decreased, according to two sources familiar with the matter. This reduction likely led to a temporary decrease in liquefied natural gas (LNG) production at the plant.Storage tan
Oil&Gas Drilling
28-05-2025
NIDC Drilling Operations Complete 20 Wells in Two Months
The National Iranian Drilling Company (NIDC) successfully completed the drilling of 20 onshore oil and gas wells over a two-month period ending May 21, utilizing its own rigs. This milestone highlights the company’s progress in its drilling prog
Oil Field
28-05-2025
EnQuest Restarts Production at UK Field After Four-Week Hiatus
EnQuest, a London Stock Exchange-listed energy company, has resumed production at its Magnus field in the UK sector of the North Sea following a four-week pipeline system outage that halted operations in late April 2025. Repairs at the Ninian Central Plat
LNG
27-05-2025
South Africa Proposes Buying US LNG as Seeks Trade Deal
South Africa has proposed importing liquefied natural gas (LNG) from the United States over a 10-year period to strengthen trade ties, according to a statement by Minister in the Presidency Khumbudzo Ntshavheni. The announcement, posted on the South Afric
Oil Refinery
27-05-2025
Ecuador’s Biggest Oil Refinery Stops Operating as Precaution Due to Fire
On Monday, a fire broke out in a fuel oil tank at Ecuador’s largest oil refinery, the Esmeraldas refinery, operated by state-owned Petroecuador. The blaze has been brought under control, according to Petroecuador and Ecuador’s energy m
LNG
26-05-2025
US Regulators Greenlight Construction of Venture Global CP2 LNG Plant in Louisiana
U.S. regulators have authorized Venture Global to begin construction of its CP2 liquefied natural gas (LNG) plant in Louisiana, according to a Federal Energy Regulatory Commission (FERC) document released on Friday. This approval marks a significant step
Oil Field
26-05-2025
Iraq and China’s Geo-Jade Sign Deal for Tuba Oilfield Expansion
Iraq has entered into an agreement with a consortium led by China-based Geo-Jade Petroleum Corp and Basra Crescent to advance an integrated energy project at the Tuba oilfield in South Basra. The initiative aims to increase the oilfield’s produc
Oil Refinery
23-05-2025
Phillips 66’s Los Angeles Refinery Layoffs to Begin in December, Sources Say
Phillips 66 is expected to begin workforce reductions at its Los Angeles-area refinery in December, according to sources familiar with the matter. The refinery, which has a processing capacity of 139,000 barrels per day, currently employs around 600 worke
Oil Refinery
23-05-2025
Phillips 66’s Los Angeles Refinery Layoffs to Begin in December, Sources Say
Phillips 66 is expected to begin workforce reductions at its Los Angeles-area refinery in December, according to sources familiar with the matter. The refinery, which has a processing capacity of 139,000 barrels per day, currently employs around 600 worke
Crude Oil
22-05-2025
U.S. Says There Are Significant Undiscovered Oil and Gas Resources in Wyoming
On May 21, 2025, the U.S. Interior Department announced a federal assessment by the U.S. Geological Survey (USGS) identifying substantial undiscovered, technically recoverable oil and gas resources in southwestern Wyoming, with smaller portions in Utah an
Oil Field
22-05-2025
Two ‘Strategic’ Oil & Gas Fields Come Online Offshore Indonesia
Medco E&P Natuna, a subsidiary of PT Medco Energi Internasional, has started production at the Forel and Terubuk oil and gas fields in the South Natuna Sea Block B, off Indonesia’s Riau Islands, on May 16, 2025, to strengthen national energy
Crude Oil
22-05-2025
South Africa Wants $100 a Barrel Oil Before Selling More Crude Stocks
South Africa will hold off on selling more of its strategic crude oil reserves until global oil prices climb to about $100 per barrel, a senior energy official told, aiming to balance revenue generation with reserve sustainability.The Chevron Oil Refinery
Crude Oil
22-05-2025
US Crude, Fuel Stocks up as Crude Imports Rise, Product Demand Slips, EIA Says
The U.S. Energy Information Administration (EIA) announced on Wednesday that U.S. crude oil and fuel inventories rose unexpectedly last week, driven by higher crude imports and lower demand for gasoline and distillate fuels.Crude oil storage tanks are see
Natural Gas
21-05-2025
Austrian Gas Hub Records Higher Trading Volumes Despite End of Russian Flows
In 2025, Austria’s Central European Gas Hub (CEGH) in Vienna has seen a rise in trading volumes, despite the cessation of Russian gas transit through Ukraine, according to CEO Gottfried Steiner. The hub, centered at the Baumgarten gas distributi
Oil Shale
21-05-2025
With Output Hikes, OPEC+ Again Targets US Shale Oil
OPEC+, comprising member countries and non-member producers like Russia, has announced plans to increase oil production, aiming to reclaim market share from U.S. shale producers and address overproduction by certain member states. This decision follows a
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Most views from Oil & Gas
1
Turkmenistan Expands Oil Production at Uzynada Field
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Nigeria’s Dangote Refinery Says It Can Deliver 1.5 Billion Litres of Petrol in December
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Russia’s Rosneft Reports 70% Fall In 9-Month Net Income
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Gastech 2023 - Shaping the future of energy
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$4 Billion Deal in Hand as ADNOC Scores 20-Year Gas Supply Assignment
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UK Eases North Sea Oil and Gas Licensing for Existing Fields
