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Global LNG production will drive supply surge in 2026, says IEA

Oil & Gas 360º

(World Oil) – Global supply of liquefied natural gas is set to surge the most since 2019 next year, primarily driven by production additions in North America, the International Energy Agency said. expansion this year, the IEA said in its quarterly gas market report.

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ExxonMobil-led consortium discovers gas reservoir off Cyprus coast

Oil & Gas 360º

(Investing) – A consortium led by ExxonMobil (NYSE: XOM ) has discovered a natural gas reservoir off the coast of Cyprus, according to a government announcement on Monday. The drilling operation found preliminary indications of a 350-meter gas-bearing reservoir at a depth of 1.9

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Who Is The World's Top Natural Gas Producer?

Rigzone

Image by Yutthana Gaetgeaw via iStock According to the Energy Institute’s (EI) latest statistical review of world energy, which was released recently, the world’s top natural gas producer last year was the United States. exajoules of natural gas in 2024, which represented a yearly reduction of 0.3 produced 37.19

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Who Is The World's Top Natural Gas Consumer?

Rigzone

Image by Midnight Studio via iStock According to the Energy Institute’s (EI) latest statistical review of world energy, which was released recently, the world’s top natural gas consumer in 2024 was the United States. exajoules of natural gas last year, which represented a 1.3 natural gas demand was 26.00

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Weekly Gas Storage: Inventories increase by Bcf

Oil & Gas 360º

Natural Gas Inventories as of June 6, 2025 The EIA has released its natural gas inventory report, showing a net increase of 122 Bcf as of June 6, 2025. Working gas in storage was 2,707 Bcf as of Friday, June 6, 2025, according to EIA estimates. This represents a net increase of 109 Bcf from the previous week.

BCF
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Argentina set for M&A boom under Milei, with energy in focus, PwC says

Oil & Gas 360º

In 2024, Argentina recorded 99 M&A deals, the highest since 2019, with transaction values reaching $8 billion—the largest amount since 2017, PwC data showed. Vaca Muerta, the world’s second-largest unconventional gas reserve and fourth-largest oil reserve, located in the province of Neuquén, is one of Argentina’s main attractions.

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Energy M&A Activity Attains New Heights

Permian Basin Oil and Gas Magazine

Energy sector M&A is gaining significant momentum, with transaction volumes exceeding $57B in 2024—more than double the pre-pandemic totals of 2019. The natural gas subsector is leading this growth, accounting for nearly 60 percent of all completed deals and over 70 percent of total transaction volume since 2022 (see chart).