PETRONAS will supply Greece’s METLEN with six LNG cargoes annually under a five-year agreement beginning in 2027, expanding the Malaysian company’s LNG presence in Europe and the Mediterranean. SourceContinue Reading
Venezuelan energy officials are heading to the G20 energy summit in Houston as the U.S. seeks additional oil investment and deals aimed at expanding the country’s crude production. SourceContinue Reading
Wood has won a five-year, $200 million contract from ExxonMobil PNG covering construction services across the PNG LNG project’s gas processing, pipeline, well pad and LNG infrastructure. SourceContinue Reading
U.S. Energy Secretary Chris Wright cautioned against expecting an Iran-Hormuz breakthrough, estimating alternative transit routes are still moving about 10 MMbpd of crude and oil products. SourceContinue Reading
Buccaneer Energy is looking to its cash-generating Texas operations as a platform for European onshore gas expansion, targeting roughly 5,000 boed of company-wide production within three to five years. SourceContinue Reading
Angola’s ANPG has signed new deepwater exploration agreements with Shell, Chevron, TotalEnergies and other operators covering blocks across the Kwanza and Congo basins. SourceContinue Reading
Invictus Energy has awarded SLB the well services contract for its Musuma-1 exploration well in Zimbabwe, with site preparation and rig maintenance underway ahead of a planned November spud. SourceContinue Reading
Brent crude posted its biggest weekly gain since July despite a 2.8% Friday decline, as Saudi Arabia’s East-West pipeline shutdown and escalating Middle East hostilities heightened oil supply risks. SourceContinue Reading
ADNOC and XRG are pursuing new long-term LNG supply agreements with Germany’s RWE while expanding potential natural gas cooperation with SEFE across supply, infrastructure and logistics. SourceContinue Reading
The IEA expects global oil supply to fall 5.7 MMbpd in 2026 as prolonged Middle East disruptions delay a recovery in Gulf production until 2027. SourceContinue Reading
