Oil and Gas
Santos expands its LNG portfolio with deals in Asia and Canada
Santos agrees to supply LNG to POSCO and negotiates adding 1 million tonnes per year from Canada’s Ksi Lisims LNG project.
Oil and Gas brings together the main developments across exploration, production, transport, refining and market activity in the global hydrocarbons sector. This section covers news on operators, projects, infrastructure, investments, supply dynamics and industrial decisions influencing the performance of oil and gas markets.
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Latest Oil and Gas News
Oil and Gas
PTTEP’s $3 LNG price hike would raise electricity costs in Thailand by 5%
PTTEP warns that a $3 per MMBtu increase in LNG could raise electricity prices in Thailand by 5%.
Oil and Gas
Verlume and SubCtech promote integrated underwater power systems
Verlume and SubCtech will combine Axonn and underwater batteries to develop integrated systems intended for offshore operations and defense.
Oil and Gas
Wood and ExxonMobil PNG Sign $200 Million Contract
The engineering company will support operations of the liquefied natural gas infrastructure in Papua New Guinea for five years.
Oil and Gas
Hornbeck Offshore Services Secures Decommissioning Contract in the North Sea
Its subsidiary, Helix Well Ops, will undertake subsea well plugging and abandonment operations starting in the second quarter of 2027.
Oil and Gas
Orlen Seeks to Secure Crude After Saudi Oil Supply Disruptions
The Polish oil company turns to the spot market to replace Saudi crude interrupted by Middle East tensions.
Oil and Gas
MODEC brings low-emissions SOFC power to FPSOs
MODEC and Eld Energy are advancing the validation of an SOFC system that will be tested using produced gas on an operating FPSO.
Oil and Gas
Saipem transfers jack-up rigs to ADES in Saudi Arabia
ADES adds five Saipem self-elevating rigs and strengthens its offshore fleet after closing the deal in Saudi Arabia.
Oil and Gas
TC Energy Drives Natural Gas Network Expansion in Alberta
TC Energy responds to Canadian government reports, urging inter-sector collaboration to address increasing energy consumption.
Oil and Gas
Baker Hughes to drive Venture Global’s Plaquemines LNG expansion
Baker Hughes will supply gas compression and liquefaction technology to expand Plaquemines LNG infrastructure in Louisiana.
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