Caturus to nearly double export capability of Commonwealth LNG project
Brian Cain, the chief corporate affairs officer of Caturus, said Tuesday that it will almost double its export capacity for its Commonwealth LNG project, located in Cameron Parish in Louisiana. Cain spoke at a G20 Ministerial Event in Houston. He said that the expansion would include five new liquefaction trains. This will increase peak production to 17.25 metric tons annually from 9.5 mtpa initially planned. This is the first fully integrated LNG project in the U.S.
Petronas and Thailand's PTT receive approvals for a new gas block-sharing contract
Malaysian state-owned energy company Petronas announced?on Monday that its unit, along with subsidiaries of Thailand's PTT, had received government approval for a new Production-Sharing Contract (PSC), covering a major gas producing block in their joint development area. As Asian gas buyers look for greater supply security due to disruptions in global energy markets caused by the Middle East, this approval comes as a welcome relief.
Petronas and PTT units receive approval for a new gas contract in Malaysian-Thai joint area
Malaysian state-owned energy company Petronas announced on Monday that its 'unit, along with subsidiaries of Thailand PTT's 'have received approval from both governments for the new?production share contract (PSC)?for a large gas-producing?block?in their joint area. This approval comes at a time when Asian gas buyers are seeking greater supply security amid increased concerns about regional energy security after disruptions on global energy markets caused by tensions in Middle East.
Japan signs first LNG supply agreement with Malaysian Petronas
The Japan industry ministry announced on Friday that the country had signed a deal with Malaysia's Petronas to procure liquefied gas for an emergency. The master sales and purchasing agreement will allow Petronas LNG to be delivered to the Japan Organization for Metals and Energy Security. This organization would then supply private buyers such as utilities if they could not obtain it anywhere else. Tetsuya Adzuma…
Eneos' global ambitions are tested by the Japanese oil giant.
Eneos Holdings is a top Japanese refiner, with a large cash reserve and declining domestic demand. It's currently expanding its overseas footprint and testing its ability of managing assets and diversifying revenue sources. Eneos is looking to expand its fuel business, as it believes that diversification in the core fuel sector will be more profitable than its previous loss-making venture into renewable energy. In May, it announced its $2 billion plus purchase of Chevron’s downstream assets across Asia.
Malaysia's Petronas announces higher profit and revenue for H1 but warns about an uncertain energy landscape
Malaysian energy firm Petronas reported higher revenue and profit for the first six months of 2026. However, it warned that the global 'energy landscape' remained uncertain due to a slew of geopolitical challenges and the prolonged Middle East conflict. Petronas or Petroliam Nasional Bhd reported that revenue for the first six months rose by 15%, to 152.4 billion Ringgit ($37.89billion), from 132.6 billion Ringgit a year ago.
Pacific Energy reports that Middle East buyers are interested in LNG cargoes coming from Canada.
The president of Woodfibre's LNG project in Canada said that buyers in the Middle East were looking for liquefied gas from Canada to hedge against geopolitical turmoil. Ratnesh Bedi is the president of Singapore's?Pacific?Energy, which holds a 70% stake on Canada’s Pacific Coast, near Squamish in B.C. In an interview, Bedi said that his company has received inquiries from Middle Eastern customers even though the project’s 2.1million tonnes per year capacity is already contracted to BP.
Petronas finds new gas in Suriname offshore block. Discoveries equivalent to 1 billion barrels
The president of Suriname Jennifer Simons announced on Tuesday that Malaysia's state energy company Petronas has made another gas find at the offshore 'Block' 52 in Suriname. A company executive stated the eight discoveries contained more than one billion barrels oil equivalent. Suriname wants to emulate the success of its neighbour Guyana in becoming a major oil producing country through offshore development led by international energy firms.
Malaysia's Petronas signs a 20-year LNG Supply Deal with Japan's JERA
The leaders of Malaysia and Japan announced on Wednesday that Malaysian?Petronas would supply Japanese utility?JERA 2 million tons per year of liquefied natural gas (LNG). The agreement will start in 2028 as Japan looks to bolster its?energy reserve to deal with a global LNG shortage?linked to a war in Iran. Anwar is in Tokyo for a 3-day working trip, where he's been meeting with government officials and representatives of the industry.
Eni and Petronas establish joint gas venture in Southeast Asia
After signing an agreement for investment in November, Eni of Italy and Petronas of Malaysia have created a joint venture that combines energy businesses throughout Indonesia and Malaysia. This move is part Eni's "satellite strategy" to separate specific assets and develop them independently with the assistance of a partner. In a joint announcement, the companies stated that the new company named Searah will begin with a production base of more than 300…
Suriname's Block 52 could become commercial for oil in 18 months, Staatsolie says
The managing director of Staatsolie, the state-owned oil and gas company in Malaysia, said that Petronas was exploring for oil in offshore 'Block 52' in Suriname. This area had been declared "commercially viable" for the development of a natural gas field late last year after large discoveries were made in the region. Annand Jagesar said in a telephone interview that they hoped to declare commerciality for oil in the next 18 months.
The draft Australian LNG policy is a source of anger for the industry
The Australian government released on Monday a draft version of its rules for the export of liquefied gas for consultation. It was aiming to clarify its 20% domestic reservation rule, but instead received criticism for its opacity. The Domestic Supply Obligation rule (DSO) will be in effect from July 2027. It will only apply to contracts and?extensions to existing contracts that were signed after December 22,?last year?.
Petronas executive says that Indonesia and Malaysia have approved the transfer of assets to the new Eni-Petronas joint venture.
A Petronas executive announced on Thursday that the Indonesian and Malaysian government?approved the change of ownership for oil and?gas blocks which will be?transferred to a new 'joint venture' between Petronas & Eni. Eni, the Italian energy company and Malaysian Petronas signed a contract in November to create a joint-venture?company. The 19 assets will be divided between 14 assets in Indonesia and 5 in Malaysia.
Eni's Geliga-1 discovery has strong test results off Indonesia
Eni, the Italian energy company, announced on Thursday that its Geliga-1 gas find?offshore Indonesia had produced strong test results. These confirmed high reservoir productivity as well as a potential for fast-track development. Eni holds a 82% stake in the discovery, which is located within Ganal PSC. Sinopec, a Chinese company, holds the remaining 18%. The Ganal PSC will be included in a portfolio consisting of?19 blocks, 14 in Indonesia and 5 in Malaysia.
ADNOC to promote shale oil and gas projects following UAE's OPEC withdrawal
ADNOC Abu 'Dhabi expects to reach a final investment decision on its unconventional gas with TotalEnergies 'this year, and approval of a separate unconventional petroleum project is expected to follow shortly, said its upstream chief. Musabbeh Al-Kaabi, the Upstream CEO of state oil giant ADNOC, said that the United Arab Emirates' exit from OPEC on May 1 was a "sovereign" decision made in the 'long-term economic and strategic interests' of the country.
Australia lifts fuel restrictions following fire at its largest refinery
The Australian Prime Minister Anthony Albanese stated 'on Friday that a fire in 'the larger of Australia's two oil refineries would not trigger any fuel restriction, as the Government ramps up its efforts to secure fuel supply due to the War on Iran. The fire at Viva Energy’s refinery, located in Geelong an hour from Melbourne, is a terrible time for Australia. It imports 80% its fuel and has been racing to secure additional supply?from region allies.
Descalzi wins record-breaking fifth term as Eni's CEO
Italy's Treasury announced late Thursday that it had proposed Claudio Descalzi be reappointed for a fifth time as CEO of the state-controlled energy company Eni. This would make him the longest-serving CEO of an oil major listed on a Western exchange. Eni's new job will begin in May, after the Italian government approves his nomination at the shareholders' meeting. Descalzi has spent his career as an expert in upstream and exploration with a special focus on Africa, at the Italian energy group.
Energy officials in Thailand say that Thailand wants more LNG from Malaysia
Thai energy officials said on Wednesday that Thailand actively seeks additional 'LNG' supplies from Malaysia due to disruptions caused by the Middle East conflict. Watcharin Boonyarit said that Thailand will need to diversify its LNG supply, which is estimated to be between 5% and 10%. He was speaking on the sidelines at the Offshore Technology Conference held in Kuala Lumpur. He said that "roughly two to…
Thailand Seeks LNG Supplies from Malaysia Due to Middle East Conflict
Thailand is actively seeking additional LNG supplies from Malaysia following disruptions caused by the ongoing Middle East conflict, Thai energy government officials said on Wednesday.Thailand would need to diversify some of its LNG supply away from the Middle East, estimated at roughly 5% to 10%, said Watcharin Boonyarit, the Energy Ministry's deputy director general of its Energy Policy and Planning Office, on the sidelines of the Offshore Technology Conference in Kuala Lumpur."Roughly two to three LNG
Enverus reports that global dealmaking for oil and gas upstream in 2025 was muted.
Enverus, a firm that provides analytics, said Wednesday that the upstream oil and natural gas market in the world will remain?subdued' for the second consecutive year, with only $18 billion in deals. The firm stated in a recent report that fewer 'high-quality resources' and lower oil prices have limited the value of mergers and acquisitions well below the historical norm of $60 billion. Andrew Dittmar is the principal analyst of Enverus.