November 20, 2025 – Oil & Gas 360

Exxon lifts force majeure on Rovuma LNG, clearing path for major Mozambique gas development

November 20, 2025

(World Oil)– ExxonMobil lifted a force majeure on its Rovuma liquefied natural gas project in Mozambique as security concerns subside, a key step toward sanctioning the development and committing construction funds. The force majeure was put in place after Islamic State-affiliated militants carried out an attack near its operations in northeastern Mozambique in 2021. Ending the force majeure will allow

Baker Hughes secures major turbine order to power mobile oil and gas operations

November 20, 2025

(World Oil)– Baker Hughes has received a significant order for 25 aeroderivative gas turbines from U.S.-based Dynamis Power Solutions, expanding the energy technology company’s footprint in mobile power systems used across upstream, refining and petrochemical operations. The order—booked in the third quarter of 2025—includes LM2500, LM6000 and LM9000 gas turbines, totaling 1.3 GW of generation capacity. The equipment will be integrated into

Controversial $5 billion EACOP project is now three-quarters complete

November 20, 2025

(Oil Price)– The $5-billion East African Crude Oil Pipeline (EACOP), which is planned to export crude oil from Uganda via a port in Tanzania, is now 75% complete, moving landlocked Uganda a step closer to becoming an oil exporter. EACOP, a controversial pipeline project that has seen a lot of environmental opposition and planning and construction delays, is now about

Massive blaze erupts at PDVSA’s Petrocedeno facility

November 20, 2025

(Oil Price)– A massive fire has erupted at a crude oil upgrader project in Venezuela after an explosion was heard near the distillation tower, workers on site and sources at state oil firm PDVSA told Reuters. The Petrocedeno project in Venezuela’s Orinoco Belt, operational since 2000, was one of the four original projects in the heavy crude oil belt in the

TotalEnergies reaffirms stance on security, human rights amid Mozambique allegations

November 20, 2025

(World Oil)– TotalEnergies has issued a detailed response to a complaint filed this month with France’s National Anti-Terrorist Prosecutor’s Office (Pnat), rejecting accusations that the company or its Mozambique LNG project were complicit in alleged war crimes and abuses committed by Mozambican security forces in 2021. The complaint—filed against persons unknown and the company—follows a September 2024 Politico article asserting that Mozambican

Oil edges higher on inventory draw and equities rally

November 20, 2025

(Investing)– Oil prices edged up on Thursday after falling in the previous session, boosted by a bigger than expected draw in U.S. crude stockpiles and a broader equities rally. Brent crude futures were up 43 cents, or 0.7%, at $63.94 a barrel by 1400 GMT. U.S. West Texas Intermediate crude futures gained 42 cents, or 0.7%, to $59.86. Both benchmarks rebounded

China’s oil imports surge as Middle East flows hit new highs

November 20, 2025

(Oil Price)– China’s crude oil imports last month remained elevated, with purchases from some countries hitting all-time highs, according to customs data cited by Reuters. Imports from the UAE, for instance, rose from 2.05 tons a year ago to 3.82 million tons last month, while purchases from Kuwait went up from 970,000 tons to 2.36 million tons, the data showed. Imports

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 14 Bcf

November 20, 2025

Natural Gas Inventories as of November 14, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 14 Bcf as of November 14, 2025. Working gas in storage was 3,946 Bcf as of Friday, November 14, 2025, according to EIA estimates. This represents a net decrease of 14 Bcf from the previous week. Stocks were

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