Norway Opens Block Nominations for Next Leasing

12 September 2025, 9:11am
Area nominations for the 26th leasing round for the Norwegian continental shelf are due October 1.
Read more... (source: www.rigzone.com)

Petrofac Reaches Agreement in Principle with Thai Project Partners

12 September 2025, 6:52am
With the agreement, the energy engineering company expects to complete its restructuring plan by November.
Read more... (source: www.rigzone.com)

Major Aussie LNG Plant Gets 40 More Years

12 September 2025, 6:52am
Australia's first and largest LNG plant, Woodside's North West Shelf project, cleared the final hurdle to operate until 2070.
Read more... (source: www.rigzone.com)

Montenegro Taps JERA for Potential LNG Terminal and Power Projects

12 September 2025, 6:30am
Montenegro and JERA signed an MoU to study the potential development of an LNG terminal and an associated gas-run generation plant in the Balkan country.
Read more... (source: www.rigzone.com)

California's Biggest Inland Oil Pipe On Course to Shut

11 September 2025, 8:00pm
California's largest inland oil pipeline is in danger of closing within months without state approval for a rate increase and other measures.
Read more... (source: www.rigzone.com)

Oil Drops as OPEC Floods Market

11 September 2025, 7:56pm
Oil fell 2% to settle below $63 as the IEA projected a record surplus next year amid rising OPEC+ and rival supply.
Read more... (source: www.rigzone.com)

USA Crude Oil Stocks Rise by Almost 4 Million Barrels

11 September 2025, 2:33pm
Crude oil stocks, not including the SPR, stood at 424.6 million barrels on September 5, the EIA's latest weekly petroleum status report showed.
Read more... (source: www.rigzone.com)

Sapphire Raises $18 Million to Boost Manufacturing Capacity

11 September 2025, 2:30pm
The power generation equipment manufacturer secured $18 million in Series C financing with participation from Mitsubishi Heavy Industries.
Read more... (source: www.rigzone.com)

Northwest U.S. natural gas prices remain historically low in 2025

11 September 2025, 2:00pm
Monthly average natural gas spot prices in the northwestern United States reached historic lows in 2025, as ample supply from Canada coincided with subdued regional demand for natural gas-fired electricity. At Northwest Sumas, a key pricing hub for natural gas in the U.S. Pacific Northwest, the daily spot price averaged $1.59 per million British thermal units (MMBtu) in 2025 through August and reached its lowest ever monthly average price of $0.56/MMBtu in June, according to data from Natural Gas Intelligence. The monthly average price for the first eight months of this year is the lowest for this period of any year since at least 1999, and it is about 17% lower than in this same period in 2024.
Read more... (source: www.eia.gov)

Saudis Set to Boost Oil Exports

11 September 2025, 1:41pm
Saudi Arabia's oil exports are set to jump this month.
Read more... (source: www.rigzone.com)

Gunvor Subscribes to Texas LNG

11 September 2025, 1:00pm
Glenfarne secured a 20-year contract to deliver 0.5 MMtpa of LNG from the Texas LNG project to the commodities trader's Singapore subsidiary.
Read more... (source: www.rigzone.com)

Diversified to Acquire Canvas Energy for $550MM

11 September 2025, 1:00pm
The acquisition adds complementary operated producing properties and acreage positions in Oklahoma, concentrated in Major, Kingfisher, and Canadian Counties.
Read more... (source: www.rigzone.com)

TotalEnergies to Acquire Direct Stake in Rio Grande LNG's Train 4

11 September 2025, 12:00pm
'The LNG from this fourth train will increase TotalEnergies' U.S. LNG export capacity to over 16 mtpa by 2030, further enhancing our ability to contribute to gas supply and building on our 10 percent market share worldwide'.
Read more... (source: www.rigzone.com)

JERA Plans to Buy 1 MMtpa for 20 Years from Alaska LNG

11 September 2025, 11:53am
'Glenfarne has secured preliminary commercial agreements for more than half of Alaska LNG's available third-party LNG offtake capacity, including agreements with CPC in Taiwan and PTT in Thailand'.
Read more... (source: www.rigzone.com)

HSBC Says OPEC+ Unlikely to Blink

11 September 2025, 11:52am
HSBC analysts, including Kim Fustier, HSBC's Senior Global Oil and Gas Analyst, said they are 'skeptical that OPEC+ will pause or reverse quota increases'.
Read more... (source: www.rigzone.com)

Baker Hughes Signs Equipment Contract with Geothermal Developer Fervo

11 September 2025, 11:00am
The engineering and equipment scope for the project includes design and delivery of equipment for five 60-MW-equivalent ORC units.
Read more... (source: www.rigzone.com)

OEUK Reveals Awards Finalists

11 September 2025, 9:37am
'The UK's offshore energy sector is preparing to celebrate its brightest stars', OEUK said.
Read more... (source: www.rigzone.com)

McDermott Bags Block H Expansion Project Job offshore Malaysia

11 September 2025, 7:36am
McDermott secured a large offshore subsea contract from PTTEP Sabah Oil for the expansion of the Block H gas field.
Read more... (source: www.rigzone.com)

Turkey Taps Energy Majors for LNG

11 September 2025, 7:27am
State-run Botas has secured access to around six Bcm of additional LNG a year.
Read more... (source: www.rigzone.com)

Santos Secures Preliminary Deal for Narrabri Gas Purchase by Orica

11 September 2025, 7:00am
Santos signed a non-binding MoU with Orica for the 10-year supply of natural gas from Santos' Narrabri project to the mining solutions provider's manufacturing network on Australia's east coast.
Read more... (source: www.rigzone.com)

BP Inks MoU to Drill 5 Gas Wells offshore Egypt

11 September 2025, 6:30am
The British energy giant expects to start the drilling campaign next year, with plans to use existing West Nile Delta production facilities.
Read more... (source: www.rigzone.com)

Growing natural gas deficit leads Egypt to ramp up natural gas imports

9 September 2025, 2:00pm
In August 2025, Egyptian firm Blue Ocean Energy struck a $35 billion deal with partners in the Chevron-operated Leviathan field offshore of Israel to import more natural gas from Israel, the latest move by Egypt to meet natural gas demand that is outpacing domestic production. In our latest update to the Eastern Mediterranean Energy briefing, we discuss the drivers behind Egypt's dwindling natural gas supply and analyze the natural gas dynamics in the region.
Read more... (source: www.eia.gov)