(Oil Price) – ADNOC Gas has signed a $4 billion deal to supply natural gas to EMSTEEL, the largest listed steel and building materials company in the United Arab Emirates, for 20 years beginning in 2027. Through the agreement, ADNOC Gas will supply lower-carbon natural gas to power EMSTEEL’s operations and future growth, the gas unit of the Abu Dhabi
(World Oil) – The UK government will stick with a controversial windfall tax for North Sea oil and gas producers until the end of the decade, dismissing complaints that the levy hurts investment and jobs. The Energy Profits Levy will remain in place until March 2030, according to a leaked document from the Office for Budget Responsibility. The decision comes as Chancellor of
(Oil Price) – Growing domestic and export demand for Permian’s natural gas is pushing pipeline developers to invest in new pipeline capacity in the U.S. Gulf Coast. Chemical and manufacturing industries and data centers looking for reliable energy supply drive increased domestic consumption, while the booming LNG exports from the Texas and Louisiana coasts, and at least half a dozen new
(BOE Report) – NextDecade Corp said on Monday it has started the U.S. regulatory pre-filing process to add a sixth liquefaction unit and an extra marine berth at its Rio Grande liquefied natural gas project in Texas, with a full application expected in 2026. The U.S. LNG sector has been rapidly expanding after President Donald Trump lifted the moratorium on
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
(BOE Report) – U.S. natural gas futures climbed about 4% on Wednesday on near-record flows to liquefied natural gas export plants and forecasts for higher demand than previously expected as the weather turns colder than normal going into December. Front-month gas futures for December delivery on the New York Mercantile Exchange rose 16.8 cents, or 3.8%, to $4.539 per million
(World Oil) – TotalEnergies has signed a €5.1 billion ($5.5 billion) all-stock agreement to acquire a 50% stake in EPH’s flexible power generation platform, marking one of the company’s most significant moves yet to scale its gas-to-power integration strategy across Europe. The transaction creates a 50/50 joint venture holding more than 14 GW of flexible generation capacity — including gas-fired plants,
(BOE Report) – Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG when Saudi Arabia’s Crown Prince Mohammed bin Salman visits Washington next week, sources familiar with the matter told Reuters. The world’s largest oil exporter, Saudi Aramco, wants to become a major liquefied natural gas player, especially in the United
Natural Gas Inventories as of November 7, 2025 The EIA has released its natural gas inventory report, showing a net increase of 45 Bcf as of November 7, 2025. Working gas in storage was 3,960 Bcf as of Friday, November 7, 2025, according to EIA estimates. This represents a net increase of 45 Bcf from the previous week. Stocks were
(World Oil) – Increased oil supply from OPEC and its allies will continue to put pressure on crude prices next year, while liquefied natural gas prices will likely fall later in the decade, according to Chevron Corp. Chief Executive Officer Mike Wirth. “Oil prices in 2026 are likely to feel more pressure than LNG prices,” Wirth said in an interview with
(Oil Price) – The highly focused development of the U.S.’s shale oil and gas sectors from the early 2010s transformed it from one of the world’s biggest importers of both into one of its leading exporters of both. But it did much more than this: it reversed the balance of energy power in the world from where it had been
(Oil Price)– Indian state-owned Oil and Natural Gas Corporation Limited (ONGC), the biggest oil and gas explorer and producer in the country, booked a 17.8% decline in its net profit for the July-September quarter compared to a year earlier as lower oil prices dented crude realizations. ONGC reported $1.11 billion (98.5 billion Indian rupees) in standalone net profit for the second
