Sources say that Russia's Orenburg plant has increased its gas imports from Kazakhstan
Two industry sources reported on Thursday that the Russian Orenburg gas plant had increased its gas intake from the Karachaganak gas field in Kazakhstan at the beginning of November, in an effort to recover gradually after it was attacked by drones last month. The first disruption of Western oil majors in Russia was caused by the strike at the Orenburg plant, located 1,056 miles (1 700 km) east of Ukraine. This was part of Kyiv’s campaign against Russian infrastructure.
Chevron is nearing a final greenlight on the expansion of Israel's Leviathan Gas Field
Chevron said that it is close to making a final decision on a possible capacity expansion for the Leviathan field, located off Israel's Mediterranean Coast. NewMed, Chevron’s partner in this field, said that in August partners in the Leviathan gas field signed a $35 billion deal, the largest in Israel’s history for gas exports to Egypt. This was mainly done via new pipelines. The deal will ease Egypt's energy crisis. Egypt has spent billions on imported liquefied gas because its own supply fell short of the demand.
Woodside Energy predicts that sales will increase by 50% by the year 2032
Meg O'Neill, CEO of Woodside Energy, said that the company expects to see its oil and gas sales increase by 50% in 2032, primarily due to rising energy demand, especially on Asian markets. O'Neill stated in a presentation at the Capital Markets Day of the company that sales would rise from 203.5 million barrels equivalents per year to 300 million in seven years. The presentation indicated that this is a 6% annual increase in sales. The company aims to generate $9 billion in free cash flow by the year 2032.
QatarEnergy CEO: LNG production from North Field expansion will start in the second half of 2026
QatarEnergy's CEO, who is one of the largest liquefied gas producers in the world, said on Monday that its massive North Field expansion will produce the first LNG by the second half 2026. In May, the state-owned firm announced that the first production of the field would start in mid-2026. According to CEO Saad Al-Kaabi, the project was originally scheduled for the end this year. Al-Kaabi said that any delays were due to COVID restrictions imposed earlier in the decade and not geopolitical tensions.
BW Energy reports encouraging preliminary results for Kharas well offshore Namibia
BW Energy announced on Friday that the preliminary results of its Kharas-1 well, which was drilled offshore Namibia in the Kudu license, were encouraging and indicated the presence hydrocarbons. The results come after a series of discoveries made by oil companies including TotalEnergies and Shell, which have transformed the small Southern African nation into a hotspot for exploration. BW Energy said that the appraisal well had provided geological data for a wider petroleum system.
Venezuela wants Trinidad to share details about Exxon field testing, sources claim
According to two sources and an internal document, Venezuela wants to know the location and details of the first Exxon Mobil field tests that will be conducted in a newly awarded ultra-deepwater zone in Trinidad and Tobago. Delcy Rodriguez, Venezuela's vice president and oil minister, demanded details on Exxon plans. She also asked if any potential discoveries could reach Venezuelan territory. This was relayed to Trinidad's foreign minister by Dayne-Marc Chin Slick in a recent meeting with the acting head of their Caracas mission.
Turkmenistan will maintain its gas production next year
Turkmengaz, the state-owned energy company, said that Turkmenistan's natural gas production will remain at 80 billion cubic meters in 2025-2026. Maksat Babaev, speaking at the Turkmenistan annual oil and gas convention's press conference, said that this year's production of gas was 80 billion cubic meters. We plan to continue in this area next year. Separately Guvanch AGAJANOV, the head of the state oil company Turkmenneft told reporters the country will produce over 8 million tons in 2025.
Sinopec finds new shale-oil reserve in Southwest China
Sinopec, China's state owned oil company, announced on Thursday that it had discovered a new reserve of shale in the southwest Sichuan Basin. Sinopec Exploration Company said that the exploratory well Qiluye 1 drilled in Chongqing's Qijiang district found a shale reserve in the Sichuan Basin with an estimated resource of more than 100 million metric tonnes, or approximately 730 million barrels. According to a press release from the company…
JERA, Japan's largest power generator, will buy US shale-gas assets for $1.5billion
JERA, Japan's largest power generator, announced on Thursday that it would acquire natural gas assets in the United States. This will be its first venture into shale-gas production. JERA announced that it had reached an agreement with Williams and GEP Haynesville II, pipeline operators in the Haynesville Shale Basin in western Louisiana. The agreement is for JERA to purchase 100% of their interest in the South Mansfield Gas Field. GEP Haynesville II, a joint venture of GeoSouthern, Blackstone and Williams, is supported by Blackstone.
Energy Minister: Orenburg plant in Russia restarts gas imports from Kazakhstan field
Kazakhstan's Energy Minister said that the Russian Orenburg gas plant was damaged by a drone strike on Sunday. It has since resumed receiving natural gases from Kazakhstan's Karachaganak gas field. As part of Kyiv’s campaign to destroy Russian energy infrastructure, the strike on Orenburg, located approximately 1,700 km (1.056 miles east of Ukraine), marked the first disruption known for Western oil majors that operate in Russia. The Orenburg incident highlighted the vulnerability of energy assets across the border to the growing conflict.
US grants license to Shell, Trinidad to develop Venezuelan gas field, official says
Trinidad's Attorney General said that the U.S. Government has given Shell and Trinidad and Tobago permission to develop a offshore gas field near the maritime border in Venezuela, Trinidad's attorney-general announced on Thursday. In recent years, the project to supply Trinidad with Venezuelan natural gas has been progressing slowly, due to frequent U.S. changes in policy towards Venezuela. Venezuela remains under U.S. sanctions for energy since 2019. Foreign companies that comply with U.S.
Sources say that the daily oil production of Kazakhstan's Karachaganak fell by 24 percent in September m/m.
Two industry sources and calculations show that the production of oil in Kazakhstan's Karachaganak gas field dropped to 200,000 barrels a day (bpd), from 264 300 bpd, in August. This coincided with maintenance at Russia’s Orenburg Gas Processing Plant (GPP). According to sources, the production of oil and condensate from Karachaganak, a light oil type, fell by 24% between September 8 and 30 as Gazprom, Russia, carried out scheduled maintenance at its Orenburg processing facility.
Shell begins production at Victory gas fields in the North Sea
Shell announced on Tuesday that it has begun production at its Victory field in the North Sea. At peak production, this gas can heat nearly 900,000 households per year. The gas field is capable of producing 150 million standard cubic foot of gas per day, which is about 25,000 barrels equivalent to oil per day. The gas field will supply Britain's homes and businesses with gas, as well as power generation. Shell will be able to achieve its…
BP and Total Deepen Commitments to US with Major Projects
BP and TotalEnergies, two European oil and natural gas companies, deepened their commitments towards the United States on Monday. BP approved a $5 billion offshore field for oil production and TotalEnergies bought into a gas field onshore. The goal of U.S. president Donald Trump to capitalize on hydrocarbon resources in the United States is aligned with increased investment in U.S. production of oil and gas. BP is increasingly reliant upon the United States for its oil and natural gas business…
Norway Approves New Gas Export Pipeline from Troll B
The Norwegian Offshore Directorate (NOD) has granted consent to start up a new pipeline from the Troll B platform that will help reduce the decline in gas production in coming years, it said on Thursday.The tie-in connects Troll B to the Kvitebjoern gas export pipeline, which runs to the onshore Kollsnes processing plant, with start-up expected during the fourth quarter of this year, the NOD said.The gas from Troll B was previously exported via the Troll A platform to Kollsnes, and some of the gas re-injected, it added.The new gas export soluti
EUROPE GAS - European prices remain stable as traders evaluate sanctions talks and Norway outages
The European gas price was largely unchanged on Friday morning, despite the fact that a new package of sanctions from the European Commission against Russia is expected and there are still long-term gas shortages in Norway. LSEG data shows that the benchmark Dutch front-month contract was 32.58 euros per Megawatt Hour (MWh) or $11.28/mmBtu at 0806 GMT. This is a 0.25 euro decrease. The Dutch day-ahead contracts was down by 0.13 euros to 32.33 euros/MWh. The British front-month contract for gas increased 0.25 pence, to 81.80 p/therm.
Chevron, Israel Natural Gas Lines to Begin Construction of Gas Pipeline to Egypt
Chevron has signed a deal with state-owned pipeline operator Israel Natural Gas Lines to kickstart construction of the Nitzana natural gas pipeline to transport gas from the Leviathan gasfield to Egypt, the U.S. company said on Tuesday.Nitzana would ease an energy crisis in Egypt, which has spent billions of dollars on importing liquefied natural gas and is part of a concerted effort to boost Israeli gas exports to the Arab world's most populous nation.Last month…
Chevron and Israeli pipeline operator will launch new gas pipeline towards Egypt
Chevron announced on Tuesday that it had signed a contract with Israel's pipeline operator, a state-owned company, to begin construction of the Nitzana pipeline. The pipeline will transport gas from Leviathan to Egypt. Nitzana will ease Egypt's energy crisis. Egypt has spent billions on the importation of liquefied gas. This is part of an effort to increase Israeli gas exports into the Arab World's largest nation. The owners of Leviathan, a natural gas field located off Israel, signed a deal worth $35 billion last month to export gas to Egypt.
Alaskans fear higher energy prices as Trump drills
Alaskans spend nearly two times as much on electricity as the national average. Matt Goodnow, financial counselor at a hospital located in Homer, Alaska, a fishing village on the Kenai Peninsula, said that higher energy costs would be detrimental to the community. The Trump administration is not only planning to eliminate federal funding for renewable energy projects and to remove tax breaks, it also proposes to lift the limits set by former president Joe Biden regarding oil and gas drilling in Alaska.
Ithaca Energy's top investors sold their stake at a discounted price; the shares fell 17%
Ithaca Energy's shares dropped nearly 17% after its two biggest shareholders sold a 3% stake at a discount to raise approximately 106 million pounds (roughly $143.2 million). Peel Hunt, the bookrunner, said that Delek Group of Israel and Eni, an Italian oil and gas exploration company from Italy sold 49.6 millions ordinary shares for 213.75 pence each. The shares were sold by the groups through their UK subsidiaries. The sale price was 10% below Ithaca's close on Monday of 237.50 pence.