Oil and Gas
The IEA forecasts an oil surplus in 2027 after the reopening of the Strait of Hormuz
The IEA projects an oil oversupply in 2027 driven by the gradual recovery of the Middle East and Hormuz.
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Oil and Gas
Texas Power Generation Hub to drive new natural gas demand
Texas Power Generation Hub projects 5.2 GW of power generation and accelerates strategic investments in natural gas and energy infrastructure.
Oil and Gas
MOL Group and partners sign production sharing agreement to explore the Libyan Sea
The consortium formed with Repsol and TPAO will begin hydrocarbon exploration in offshore block O7 in the Mediterranean Sea.
Oil and Gas
JAPEX Completes Natural Gas Exploratory Drilling in Hokkaido
The petroleum firm rules out immediate commercial exploitation after evaluating the volume of resources detected off the coast of Hidaka.
Oil and Gas
Naftogaz Group secures long-term regasification capacity at the Klaipėda terminal
The Ukrainian corporation gains access to the global liquefied natural gas market to secure strategic supply between 2033 and 2044.
Oil and Gas
THREE60 Energy to Maintain Technical Support for Vår Energi in Norway
THREE60 Energy will provide multi-year technical support to Vår Energi for offshore operations in Norway.
Oil and Gas
Fuel Quality in Russia: Standards Relaxed Due to Shortage
Refineries under maintenance, export pressures, and Western sanctions converge in a measure that alarms energy sector experts.
Oil and Gas
ConocoPhillips to boost gas production in Syria
The agreement ConocoPhillips is preparing with Syria prioritizes the development of already identified gas fields and the exploration of new reserves in the Syrian…
Oil and Gas
JERA receives the first LNG shipment from the Barossa project
The arrival of the first Barossa LNG shipment expands the supply of liquefied natural gas for Japan and Asia-Pacific.
Oil and Gas
The Commonwealth LNG project reaches final investment decision
Commonwealth LNG’s FID reached its final investment decision on June 13, 2026, backed by a syndicate of 20 financial institutions for its US$12.5 billion…
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