Oil and Gas
Absheron Advances with Gas Supply Agreement to Turkey
They signed the agreement for gas produced in Absheron, with FID expected this year and production exceeding 4 bcm from 2029
Latest Oil and Gas News
Oil and Gas
Costa Azul LNG begins start-up with detected flaring
The U.S. Department of Energy confirmed that it granted additional time to begin LNG exports from the Energía Costa Azul Mid-Scale project in Baja…
Oil and Gas
Ecopetrol Faces USO Strike at Barrancabermeja Refinery
The Ecopetrol strike called by USO halted operations in Barrancabermeja on June 2, 2026, directly impacting the refining and transport of Colombian hydrocarbons.
Oil and Gas
Delfin FLNG secures historic FID to export LNG from the U.S.
Delfin FLNG received the FID to develop the first floating LNG project in the U.S., backed by an investment of US$5 billion.
Midstream
Uniper warns that LNG prices in Asia exceed $18
Liquefied natural gas prices in Northeast Asia exceeded $18.20/MMBtu, pressuring European companies like Uniper to compete in an increasingly expensive spot market.
Oil and Gas
Ichthys LNG strike delays Taiwan-bound vessel by more than 24 hours
A 2-hour strike at Ichthys LNG delayed the Pacific Breeze vessel to Taiwan by 24 hours, highlighting the logistical fragility of the Australian LNG…
Oil and Gas
Centrica Energy signs 10-year gas supply agreement with Peyto
Peyto will supply natural gas to Centrica Energy for a decade under a contract indexed to the European TTF market.
Oil and Gas
South America emerges as a new global swing supplier
South American oil exports reach 787 million barrels in 2026. Brazil, Guyana, and Venezuela consolidate the region as the new global swing supplier.
Oil and Gas
OPEC Cuts Oil Demand Forecast for 2026
OPEC reduced its oil demand growth forecast for 2026 from 1.38 to 1.17 million bpd, the organization's most significant adjustment in months, with direct…
Oil and Gas
India increases Venezuelan crude purchases to 427,000 bpd
India raises its Venezuelan crude imports to 427,000 bpd in May 2026, with Reliance Industries as the main buyer, cementing India as the largest…
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