Crude Extends Gains
Oil rose for a fifth day as US actions against Venezuela offset signs of weak demand.
China Domestic LNG Prices at Lowest in Five Years
The domestic wholesale LNG price at key importing terminals dropped below 3,500 yuan per ton ($10.72 per million British thermal units) this week, marking the lowest since mid-2021, according to data from SCI99.
Energy Transfer Shelves Lake Charles LNG to Focus on Pipelines
The Dallas, Texas-based company said it 'remains open to discussions with third parties who may have an interest in developing the project'.
Trump Admin Pauses Five Offshore Wind Projects
Interior suspended five offshore wind projects under construction, citing security risks identified in 'classified reports'.
Shell, INEOS Hit New Gas Discovery in US Gulf
Nashville in the Norphlet play 'marks INEOS' first successful exploration well in the region'.
Australia to Require Up to 25 Pct of Gas Production for Local Market
Australia will require natural gas exporters to reserve as much as a quarter of new production for domestic use, in a bid to tackle high prices and a forecast shortfall on its more populated east coast.
Equinor Delays Hammerfest LNG Upgrade as Costs Rise
Equinor expects the gas compression and plant electrification project to cost around $526 million more than the original investment estimate three years ago.
Harbour to Acquire LLOG for $3.2B
The acquisition marks the UK company's entry into the deepwater U.S. Gulf.
Crude Settles Higher as US Tightens Venezuela Blockade
Oil closed higher as US actions against Venezuelan tankers heightened geopolitical risk.
Drones Hit Piers, Ships at Russia's Taman Black Sea Port
Russia said a drone attack damaged infrastructure and vessels in the Black Sea port of Taman.
North America Drops Rigs Week on Week
North America dropped 13 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
TechnipFMC Notches Build Contract for Coral North LNG in Mozambique
TechnipFMC won a 'substantial' engineering, procurement, construction and installation contract from Eni for the Coral North LNG project offshore Mozambique.
EIA Raises 2025 USA Energy Demand Forecast
In its latest short term energy outlook, the EIA raised its U.S. total energy consumption forecast for 2025.
USA Pursuit of 3rd Oil Tanker Intensifies Venezuela Blockade
U.S. forces chased the U.S.-sanctioned Bella 1 on Sunday as it was en route to Venezuela.
Uniper Cancels $1.2B Remaining KfW Loan to Diversify Funding
'Uniper has secured two bilateral bank facilities with a combined commitment amount of EUR 0.7 billion which serve to partially replace the remaining KfW facility'.
ADNOC Signs Up To $11B Financing Deal for Hail and Ghasha
'This financing transaction is the latest in a series of ADNOC-led pioneering infrastructure development partnerships that have been executed over the past decade', ADNOC said.
ConocoPhillips Greenlights Norway North Sea Redevelopment Project
The three-field tieback to the Ekofisk Complex targets recoverable gas condensate resources of 90-120 million barrels of oil equivalent.
Uganda National Oil Gets $2B Vitol Bahrain Loan
The loan will unlock key projects across the petroleum value chain.
CNOOC Achieves 9th Startup in South China Sea in 2025
The state-backed company expects to add a capacity of about 18,000 boed from the Xijiang Oilfields 24 Block Development Project in the Pearl River Mouth Basin.
EnQuest Starts Up Malaysian Gas Expansion Project
The Seligi 1b natural gas expansion project is expected to reach its capacity of about 6,000 boed in January 2026.
