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World Oil News
TotalEnergies has reached FID with partners on Rio Grande LNG Train 4 in Texas, gaining a 10% stake and 1.5 MMtpa offtake capacity from the new liquefaction unit. Source
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Cenovus CEO Jon McKenzie says the company will not raise its takeover bid for MEG Energy, rejecting rival Strathcona’s higher all-stock offer as shareholder approval looms. Source
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Alaska LNG, led by Glenfarne, has signed a Letter of Intent with JERA for 1 MMtpa of LNG over 20 years. The Alaska LNG project is the only federally approved LNG export project on the U.S. Pacific Coast. Source
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Rex International reported August 2025 production of 12,230 boed from assets in Norway, Oman and Germany, led by output from the Brage, Yme and Yumna fields. Source
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TotalEnergies finalizes FID with partners on Rio Grande LNG Train 4 in Texas, gaining a 10% stake and 1.5 MTPA offtake capacity from the new liquefaction unit. Source
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TotalEnergies has signed agreements with NextDecade to take a 10% stake in the joint venture developing Train 4 of Rio Grande LNG (RGLNG), a liquefied natural gas (LNG) plant project located in South Texas. Source
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MOL and O&GD have discovered a new oil field at a depth of approximately 2,400 m near Galgahévíz, Hungary. The well, named Galgahévíz-4, is capable of producing approximately 1,000 bopd, which is processed at the Danube Refinery in Százhalombatta. Source
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PACC Offshore Services (POSH) has selected design and engineering consultancy Longitude as a subcontractor to deliver marine hook-up operations engineering for the installation of the Republic of Congo’s landmark FLNG project – the Nguya FLNG. Source
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Forum Energy Technologies (FET) has been awarded a contract to upgrade two remotely operated vehicles (ROVs) for a global vessel operator. The upgraded systems will be equipped with FET’s latest control system, ICE Unity, plus FET’s proven system architecture. Source
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Representatives from ExxonMobil, TotalEnergies, Chevron, Sonangol and Cabship reaffirmed their commitment to driving Angola’s next phase of exploration and production during a panel discussion at the Angola Oil & Gas 2025 Conference and Exhibition. Source
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