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Oil & Gas
Oil Price
Oil Prices Post 3% Annual Decline
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
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&
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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
