Wood Mackenzie forecasts a long-term rise in Henry Hub natural gas prices as AI-driven power demand, LNG export growth and maturing U.S. gas supply reshape market fundamentals. The consultancy expects prices to approach $5/MMBtu (real) by 2035. SourceContinue Reading

PETRONAS has recorded two new discoveries and a successful appraisal well in Suriname’s offshore Block 52, increasing its total successful wells in the country to eight and unlocking more than 1 Bboe of recoverable resources. SourceContinue Reading

India plans to expand its strategic oil reserves and storage capacity following recent volatility during the Iran conflict, while increasing refining capacity as it strengthens energy security and positions itself as a global refining hub. SourceContinue Reading

Sunda Energy expects to complete its acquisition of producing assets in New Zealand’s Taranaki basin in September while continuing to evaluate development plans for the Chuditch gas project in Timor-Leste following recent regulatory discussions. SourceContinue Reading

NG Energy has spudded the second well in its six-well Sinú-9 drilling campaign as pipeline upgrades move closer to boosting gas takeaway capacity in Colombia. Development also continues at the company’s Maria Conchita block. SourceContinue Reading

TotalEnergies has agreed to sell its minority interest in Malaysia’s Marjoram gas field to INPEX for $350 million, continuing its strategy of optimizing its upstream portfolio while focusing on operated, low-cost gas developments in Southeast Asia. SourceContinue Reading

Oil prices fell for a third consecutive session as crude exports through the Strait of Hormuz continued to recover and indirect U.S.-Iran talks showed signs of progress, easing supply concerns despite ongoing geopolitical tensions. SourceContinue Reading

Eni and Mercuria have agreed to form a joint venture combining their oil, LNG and biofuels trading operations. The Geneva-based company, expected to launch in 2027, will integrate Eni’s energy supply chains with Mercuria’s global trading expertise. SourceContinue Reading

A new Bentley Systems study found that energy and infrastructure organizations are increasing investment in digital twins and artificial intelligence as they seek to improve predictive maintenance, operational resilience and data integration. SourceContinue Reading

More than 500 submissions from over 123 companies worldwide, the largest in program history. Aramco confirmed as Platinum Partner. SourceContinue Reading