Iraq’s cabinet has given preliminary approval to restart pipeline oil exports from Kurdistan to Turkey, potentially adding 230,000 barrels per day of supply.
Williams-backed Haynesville shale assets may be sold to Japan’s JERA for $1.7 billion, giving the LNG buyer its first foothold in U.S. shale gas production.
Wärtsilä has signed a 15-year service agreement with CLSICO to support three LNG carriers, using predictive maintenance and digital tools to boost reliability and cut costs.
The project, designed to move U.S. LPG bound for Asia, is part of a proposed $4–8 billion energy corridor that would add three new gas pipelines through Panama.
The BTC carried nearly 75% of Azerbaijan’s total oil transit, including reduced volumes from Kazakhstan and Turkmenistan.
The company is seeking geographically diverse, destination-free cargoes and may consider equity stakes in projects as demand rises from Japan’s data centers.
TotalEnergies signed a 10-year deal to supply South Korea’s KOGAS with 1 million tons of LNG per year starting in 2027, expanding deliveries to 3 million tons annually by 2028.
Japan’s JERA has signed a 20-year deal to purchase 1 million metric tons of LNG annually from Glenfarne’s $44 billion Alaska LNG project. The agreement marks a step forward for the long-delayed U.S. export venture as it seeks binding contracts ahead of a final investment decision.
Global natural gas demand is on track to climb by around 1.7% in 2025 after hitting a record high in 2024 as consumers around the world keep using more of the fuel for power generation, transportation and industry, according to the International Gas Union’s latest report.
McDermott has been awarded a contract by PTTEP to deliver a subsea carbon steel pipeline and related infrastructure for Malaysia’s Block H gas expansion, supporting feed gas supply to the Petronas FLNG Dua facility.
Russian ESPO Blend crude prices held steady for October cargoes as strong Chinese demand offset pressure from new Western sanctions, including a lower price cap and expanded EU restrictions.
China is studying the conversion of existing oil and gas pipelines to transport CO₂, a move researchers say could cut costs by 25% and accelerate carbon capture projects. Experts highlight both the risks and global examples that show the approach’s potential.
The Voskhod LNG vessel delivered 150,000 cubic meters to Guangxi’s Tieshan port, marking another sanctioned cargo reaching China amid ongoing Western sanctions on Novatek’s Arctic LNG 2 project.
Russia and China have signed a memorandum to build the massive Power of Siberia 2 gas pipeline through Mongolia, but pricing remains unresolved. Gazprom also agreed to boost supplies through the existing Power of Siberia line, deepening energy ties between Moscow and Beijing.
The Caspian Pipeline Consortium (CPC) has completed cleanup operations after an oil spill at its Black Sea terminal. The spill forced the suspension of two mooring points, though exports continued via one operational unit.
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