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Woodside Energy, Australia’s top independent oil and gas producer, has signed a preliminary long-term deal to supply Malaysia’s state giant Petronas with LNG from its global portfolio, including from the planned Louisiana LNG project in the United States. The LNG would be supplied from Woodside’s…
” Key takeaways from the report: EIR anticipates the EU’s installed battery capacity will increase up to 13 times by 2028 due to the rise of renewables, the electrification of transport and supportive policies. The post Europe’s battery boom: 13 times more capacity by 2028 faces grid, regulatory roadblocks first appeared on Enverus.
As Saudi Arabia moves forward on its trajectory towards ending oil burn by 2030, 2028 is shaping up to be an inflection point. Recent months have seen a number of contracts awarded for developing gas-fired power generation capacity in the kingdom, with the projects due to be completed in 2028.
(Oil Price) – Power utilities in the United States have applied for permission to raise electricity prices, with a demand surge from AI data centers suggested as the reason, the Financial Times reported today, citing data from PowerLines, an energy affordability advocacy. In the first half of this year, U.S. can be leader in AI.
(World Oil) – Subsea7 has been awarded a large 1 contract by Equinor relating to the Fram Sør development project, offshore Norway, the company announced Thursday. Offshore installation activities are expected in 2026, 2027 and 2028. The Fram Sør project will be connected to the existing Fram and Troll C infrastructure.
Oil Price) – Eni has signed a deal to sell 20% in its low-carbon energy business Plenitude to Ares Management Corporation in a deal valuing the unit at an enterprise value of $13.8 By 2028, Plenitude aims to reach 10 GW of installed renewable capacity. Register to attend. billion (12 billion euros).
oil services firm Morgan Hughes , led by the company's Vice President Gregory Bloom, in a meeting held on Tuesday and attended by Steven Fagin, Chargé d'Affaires at the U.S. The talks focused on potential cooperation and investment opportunities, including the development of oil fields and the capture of associated gas.
Image by Cylonphoto via iStock The European Commission has proposed legislation to stop the importation of natural gas, oil and oil products from Russia into the European Union by 2027, betting on global liquefied natural gas (LNG) and increased regional infrastructure interconnectivity. billion cubic meters (473.22
cubic feet) LNG bunker vessel by 2028. TotalEnergies also agreed to supply Marseille-based CMA CGM with up to 360,000 metric tons of LNG annually from 2028 to 2040. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! The creation of the joint venture needs regulatory approvals.
As part of Iraq's government-backed gas development programme, the Ministry of Oil has reported significant progress in reducing gas flaring and increasing gas utilisation. Source: Ministry of Oil) The post Iraq Expands Gas Projects to Curb Flaring first appeared on Iraq Business News. By John Lee.
The day after the announcement, Fervo secured an additional $206 million in project financing for its Utah Cape Station project, which is expected to deliver 100 MW of clean baseload power by 2026 and an additional 400 MW by 2028. Enverus Intelligence® | Research, Inc.
wells), and applying AI to extract common themes, here are the top five trends transforming oil & gas strategy for the remainder of 2025. Oil & Gas Operator Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. Between 2026 and 2028, the global LNG market is set to experience its largest ever capacity growth, with the USA set to nearly double its export capacity. trillion going to oil, natural gas and coal. Around US$2.2
Unir fuerzas con Masdar en el parque eólico marino East Anglia THREE nos permitirá también acelerar nuestros planes de inversión en el Reino Unido, que alcanzan los 28.000 millones de euros hasta 2028, principalmente en redes de transporte y distribución y en energías renovables”, declaró Ignacio Galán, presidente de Iberdrola.
Strong Operational Performance and Growing Project Pipeline Kinder Morgan currently transports approximately 8 billion cubic feet per day (bcfd) of natural gas to LNG export terminals under long-term contracts and expects this to rise to 12 bcfd by 2028. In Q2, the company moved 44,585 BBtu/d, up from 43,123 BBtu/d in the prior year.
billion cubic meters per year by 2028, with total investments of more than $8 billion”, Eni said. “With an equity production of about 137,000 barrels of oil equivalent per day in 2024, Eni stands as the most important international company operating in the country [Algeria]”, it added.
The brand logo of the mineral oil and natural gas company Shell plc can be seen at a filling station of the company in Nuremberg (Bavaria) on July 25, 2025. Earlier in the year, the company set a cost reduction target of $5-7 billion by the end of 2028. billion, beating analyst expectations, and said it would buy back $3.5
The Ministry of Oil plans to increase the production of liquefied petroleum gas (LPG) at the Basra Gas Company (BGC) to more than 8,000 tonnes per day in the coming years. These projects aim to eliminate gas flaring and thermal emissions between 2028 and 2030, in line with Iraq's commitment to the 2016 Paris Agreement. By John Lee.
“The consideration will be split into a $40 million payment due on completion, $40 million payable at the earlier of field development plan approval or 30 June 2026, and $40 million payable over five years from the third quarter of 2028 onwards”, Tullow said. for at least $120 million in cash. for at least $120 million in cash.
percent for 2028 to 2030, based on ETS directive, âDirective 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a M9 system for the greenhouse gas emission allowance trading within the M9 Union and amending Council Directive 96/61/EC,â European Union, March 1, 2024. percent, dropping to around 0.8
Woodside Energy) in support of the Trion deepwater oil and gas development offshore Mexico. Under the agreement, Expro will provide industry-leading tubular running services (TRS) and cementing services for what will be Mexico’s first deepwater oil production facility – a major milestone in the region’s energy evolution.
Delivery is set to start 2028. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! Last week Woodside signed a heads of agreement with Petroliam Nasional Bhd. Louisiana LNG reached an FID (final investment decision) last April. trillion cubic feet a year of natural gas equivalent, or 27.6
watch now VIDEO 4:29 04:29 Electricity demand is absolutely growing, says Siemens Energy CEO Squawk Box Europe "Electricity prices are regionally determined, not globally determined like oil prices," said Joe Seydl, a senior markets economist at J.P. Use is projected to double or triple by 2028, the agency said.
During the winter of 2024–2025, heating a home with oil cost roughly twice as much as with natural gas. homes relying on heating oil are located in the Northeast—making affordable gas access an urgent issue. Over 80% of the 4.6 million U.S. Bcfd): Connecting Pennsylvania gas to New York.
The company has lined up numerous supply deals with global producers, mainly for LNG, building a portfolio that’s seen as part of preparations for privatization, which Berlin is seeking to complete by the end of 2028. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! conference in London Tuesday.
Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Subsea7 Wins Contracts Offshore Norway, Egypt by Rocky Teodoro | Rigzone Staff | Wednesday, July 23, 2025 | 8:00 AM EST The company was awarded two contracts offshore Norway and one offshore Egypt. MORE FROM THIS AUTHOR Rocky Teodoro Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
EOA’s Main Takeaway This revision explains why oil prices remain range-bound with no surplus after OPEC's group of eight raised the production ceiling by over 2 mb/d. This aligns with our report on the Q4 oil surplus: The situation is not as bad as some media and analysts suggest. Will the IEA revise its oil demand upward?
Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Avangrid Grows Generation Capacity in US to 10.5 Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Avangrid Grows Generation Capacity in US to 10.5 Data center load growth in the U.S.
Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Ameren Missouri Files Application for Big Hollow Energy Project by Paul Anderson | Rigzone Staff | Tuesday, July 01, 2025 | 10:30 AM EST Ameren Missouri filed an application with the Missouri Public Service Commission to build an 800-MW simple-cycle natural gas energy center.
Thanks to recent tax reforms in the “One Big Beautiful Bill,” CNX now projects it will not owe material federal taxes until 2028 or 2029—extending the runway for shareholder returns and strategic reinvestment. With NYMEX gas at $3.59/MMBtu, MMBtu, the company expects to generate $575 million in FCF and raised its FCF/share guidance to $4.07.
percent) and Falcon Oil (five percent). Start-up is targeted 2028. TotalEnergies says it accounts for over 45 percent of Angola’s oil production through its operated deepwater assets. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! percent), Texas-based Exxon Mobil Corp. (19
Abu Dhabi National Oil Co.’s “The long-term contract strengthens ADNOC Gas’ partnership with key Indian players as it continues to support India’s energy security, building on recent agreements with Indian Oil Corp. MMtpa of LNG to Indian Oil. Targeted to start production 2028, the 9.6-MMtpa
Oil & Gas Canada Account Directory – $10 Purchase Now Includes: Account Name, Location, Phone, Website, Wells Drilled… Key Takeaways: Initial capacity online: Train 1 (5.6 coast and expected online between 2027 and 2028 , potentially doubling Canadian LNG export capacity by the end of the decade.
MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! GW of RE Capacity by Jov Onsat | Rigzone Staff | Wednesday, July 02, 2025 | 10:30 AM EST The utility has filed a new 20-year plan that favors cleaner electricity to meet surging demand in southern Idaho and eastern Oregon.
Based on recent announcements, rig activity, and executive commentary, here are the Top 5 Priorities Chevron is expected to focus on for the rest of 2025 : US Oil & Gas Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled… 1. This move supports Chevron’s New Energies division.
MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! At the end of the first quarter of 2025, its installed generation capacity from renewable sources rose to 4.1 GW, according to Eni. There’s a reason 700K+ energy professionals have subscribed. 700K Industry Pros can’t be wrong.
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(Oil & Gas 360) – Five Nuclear Companies to Present at EnerCom Denver – The Energy Investment Conference Qualified Investors, Analysts and Energy Industry Professionals Can Register at No Cost at www.enercomdenver.com DENVER – July 23, 2025 – EnerCom, Inc., uranium mining and production.
Commissioning is planned for 2028. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! That would be enough to serve 20,000 households in the capital according to the partners. Investment is estimated to be EUR 90 million, part of which would be shouldered by the Ministry of Climate Protection.
Natural Gas $3.52 -0.17% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CF Industries Starts Up Compression Unit of Louisiana CCS Project by Jov Onsat | Rigzone Staff | Tuesday, July 15, 2025 | 10:30 AM EST CF Industries fired up the dehydration and compression unit of its CCS project with ExxonMobil at its Donaldsonville complex in Louisiana.
“By enabling in-state processing and transportation of natural gas, the project will help reduce flaring, unlock new oil production, and generate increased tax revenues for the state of North Dakota” The project is planned with two phases. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
As a central element of the reforms, the Government has developed a multi-year roadmap providing for a phased but decisive increase in prices to economically reasonable levels by 2028.
Enstor plans to begin construction immediately and anticipates the expansion to be in service by 2028. MORE FROM THIS AUTHOR Paul Anderson Writer OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! The total injection capacity will rise to 1.90 MMDth/day, while the withdrawal capacity will stay at 2.40 700K Industry Pros can’t be wrong.
The Port Arthur LNG Phase 1 project, which is currently under construction, is expected to achieve commercial operation in 2027 and 2028 for trains 1 and 2, respectively. She enjoyed 12 years focused on the business/finance side of the industry as an editor for Oil & Gas Journals sister publication, Oil & Gas Financial Journal (OGFJ).
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