article thumbnail

Kenya Plans to Launch Crude Oil Exports in 2026

OilPrice

The East African country has oil and gas resources, but development has stalled after UK-listed Tullow Oil failed to secure investor partners for a major oil project that has been years in the making. Tullow Oil and its minority partners sought to develop the South Lokichar project…

Crude Oil 289
article thumbnail

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. The increase in supply will accelerate to 7%, or 40 billion cubic meters a year in 2026, following a 5.5%

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

USA EIA Cuts Henry Hub Gas Price Forecast for 2025, 2026

Rigzone

Energy Information Administration reduced its Henry Hub natural gas spot price forecast for 2025 and 2026 in its latest short term energy outlook.

Gas 112
article thumbnail

Fed Judge Upholds NY Law Banning New Gas Hookups Starting 2026

Marcellus Drilling News

Kathy Hochul, a leftist Democrat, floated a plan to ban natural gas hookups in every single new home and business across the “Empire” State (see NY Gov. Hochul Loses Her Mind – Wants to Ban Gas in New Buildings). She even wanted to ban gas in existing homes, but. In January 2023, New York Gov.

Gas 245
article thumbnail

Big Oil Braces for Oil Price Hit

OilPrice

Earlier this week, Shell warned its second-quarter earnings would be weaker due to lower trade in gas and oil derivatives. Now, Exxon has joined its peer in the warning series, saying weaker oil and gas prices during the second quarter would affect its financial results, and rather substantially, at that.

Oil 320
article thumbnail

UK Reconsiders North Sea Oil and Gas to Lower Energy Bills

OilPrice

The UK government is mulling over a change to the law to oil and gas projects in the North Sea in a drive to lower energy bills. The government has given extra funds for the Department for Energy Security and Net Zero to invest between 2026

Gas 293
article thumbnail

US natgas output and demand to hit record highs in 2025, before sliding in 2026, EIA says

BOE Report

natural gas output and demand will both rise to record highs in 2025 before sliding in 2026, the U.S. EIA projected dry gas production will rise from 103.2 Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. billion cubic feet per day (bcfd) in 2024 to 105.9

Dry Gas 107