Deal News
Bulgargaz seeks $432m in compensation from Gazprom for contract breach
Bulgargaz has commenced arbitration proceedings against Gazprom, seeking compensation for an alleged breach of contract, reported Reuters.
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Industry News
Austria ponders terminating gas contract with Russia
Austria’s energy minister has formed a commission to investigate whether the nation can annul a gas-supply agreement with Russia,.
Company News
SapuraOMV Upstream starts gas production from Jerun field offshore Malaysia
SapuraOMV Upstream has initiated gas production from the Jerun gas field in the SK 408 production sharing contract (PSC) offshore Malaysia.
Industry News
ADNOC to build energy industry’s “largest private 5G network”
In a partnership, ADNOC will build the energy industry’s “largest 5G network” to help streamline its onshore and offshore operations.
Analyst Comment
Monetisation of flared-off gas is gaining traction
Gas flaring is due to the non-availability of a financially feasible gathering system over the lifetime of an asset producing stranded gases.
Analyst Comment
Permian Basin shale production to remain strong
As the Permian Basin is chiefly located in Texas, it benefits from the dense network of oil and gas pipelines in the state.
Deal News
ORLEN secures gas supply contract with Slovakia’s ZSE Group
ORLEN, through its subsidiary PGNiG Supply & Trading, has signed a contract to supply gas to Slovakia’s ZSE Group until the end of 2025.
China
China’s imports of Saudi Arabian crude oil look set to rebound in August
Crude oil from Saudi Arabia heading for China is likely to reach 44 million barrels in August, following price cuts from Saudi Aramco.
Industry News
Kazakhstan to offset OPEC+ production cuts by September 2025
Kazakhstan’s energy ministry has said it will balance overproduction toward the end of next year in a detailed plan for gradual compensation.
Deal News
Devon Energy to buy Grayson Mill Energy’s Williston Basin assets for $5bn
Devon Energy has announced a definitive agreement to acquire the Williston Basin business from Grayson Mill Energy.