Gas production – Oil & Gas 360

Aramco begins gas production at Jafurah, world’s largest shale project outside U.S.

December 3, 2025

(World Oil) – Aramco has begun gas production from the first phase of its Jafurah development, marking a major step in Saudi Arabia’s push to scale unconventional resources and expand domestic gas supply. According to Reuters, the milestone was disclosed in the Saudi Ministry of Finance’s 2026 budget statement, which listed the start-up as a key 2025 achievement. Jafurah is considered the

Wood JV wins EPC contract for bpTT’s Ginger gas project

December 2, 2025

(World Oil)– Massy Wood, the Trinidad and Tobago–based joint venture between Wood and Massy Group, has secured the engineering, procurement, construction and commissioning (EPCC) scope for bp Trinidad and Tobago’s (bpTT) Ginger gas development, the companies confirmed. The award covers brownfield modifications to the Juniper platform, including topsides upgrades, subsea pipeline corrosion-protection improvements and the installation of methanol injection systems—critical

Aramco awards Baker Hughes multi-year coiled tubing drilling contract

October 24, 2025

(World Oil)– Baker Hughes has secured a multi-year agreement from Aramco to significantly expand its integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabia’s natural gas fields. The order, booked in the third quarter of 2025, will see Baker Hughes increase its active UBCTD fleet from four to ten units beginning in 2026. Under the new contract, Baker Hughes

U.S. natgas futures dive more than 5% despite big draw from storage

December 27, 2019

Reuters U.S. natural gas futures fell by more than 5% on Friday in thin trade, as forecasts for warmer weather had investors worried about heating demand even though government data showed a larger-than-usual weekly storage draw that exceeded estimates. Futures prices also were pressured by profit taking ahead of the expiry of January as the front month contract. “Despite a

Chesapeake Energy at EnerCom Dallas keynote address presents pragmatic path forward for fossil fuels industry- oil and gas 360

Chesapeake Energy raises ‘going concern’ doubts

November 5, 2019

Source: Reuters (Reuters) – Chesapeake Energy Corp , once the second-largest U.S. natural gas producer, warned on Tuesday about its ability to continue as a going concern as the debt-laden company struggles with falling prices for the commodity. Shares of Chesapeake fell 13% to $1.35 in early trading, with the company earlier in the day also having reported a marginally

U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence

August 21, 2019

From The Houston Chronicle The U.S. energy sector broke another record last year as the shale boom sent natural gas and petroleum production soaring. U.S. petroleum and natural gas production jumped by 16 percent and by 12 percent respectively in 2018, setting new production records, according to a new report from the U.S. Energy Department. The U.S. surpassed Saudi Arabia

Argentina’s June Gas Production Hits Highest Level in 11 Years

July 29, 2019

From Reuters Argentina’s gas production rose to 140 million cubic meters a day in June, the highest level in 11 years, the government said on Saturday. That amount represented growth of 5.8% compared with the same period last year. Argentina’s treasury ministry credited the growth to an increase in production at the Vaca Muerta shale play, which is about the

Gazprom Gas Production Down 19% Year-over-Year

July 22, 2015

Russia’s gas giant faces falling demand at home and abroad, lowest output in company history Gazprom (ticker: OGZPY), Russia’s state-owned gas giant, is seeing rapidly declining production as demand for its gas falls both at home and abroad. The company’s output in June fell by 19% compared to the same month in 2014 to a record low of 24.7 Bcm,

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