Category: News

IEA has indicated that global oil supply is set to increase more swiftly this year, with a potential surplus expanding by 2026.

Vallourec has won a long-term deal to supply oil country tubular goods (OCTG) and associated services for Petrobras’ offshore operations.

Energean, a gas producer, has secured $4bn worth of new long-term Israeli gas offtake contracts in the first half of 2025, ended 30 June.

Global Infrastructure Partners, a part of BlackRock, is in negotiations to secure $10.3bn for Jafurah gas development deal of Aramco.

Woodside has finalised a sale and purchase agreement (SPA) with Petronas LNG Limited (PLL) for the supply 1mtpa of LNG to Malaysia.

Edison is set to enhance its flexibility in managing demand by substituting some gas volumes from pipeline contracts with LNG.

Türkiye has entered into agreements to diversify its natural gas supply for the medium term, securing 15bcm of LNG for the years 2026-2028.

Chevron, in consortium with Greece-based Helleniq Energy, has submitted a bid for natural gas exploration in four offshore blocks in Greece.

Japan-based JERA has entered into a letter of intent (LOI) with Alaska LNG for the sale of 1mtpa of LNG from the Alaska LNG Project.

Saipem has secured a $1.5bn contract for the third phase of the Sakarya gas field development project in Turkey.