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Natural Gas news
30 June 2026
Shell to sell Na Kika 50% stake and Coulomb tieback to Talos and Ridgewood for $1.7bn
50% non-operated Na Kika interest and 100% Coulomb tieback sold for $1.7bn; effective 1 July 2025 and expected to close by end‑2026; buyers assume decommissioning obligations.
30 June 2026
Equinor and Vår Energi complete asset swap in Troll–Gjøa area
Swap reallocates operatorship and stakes to advance the Peon gas discovery as a Gjøa tie-back, with gas routed via Kårstø; includes a 5% Fram stake and Ringvei Vest positions.
30 June 2026
Hycamite joins FutSteel to integrate hydrogen and carbon into steel production
Methane cracking to supply low‑carbon hydrogen and solid carbon for EAF-based steelmaking; three‑year research project starts June 2026 with university and industry partners.
30 June 2026
PETRONAS logs three successes in Suriname Block 52
Two discoveries and an appraisal lift Block 52 to eight successful wells and unlock over 1 billion boe; Sloanea FID targeted by end‑2026.
29 June 2026
XRG to acquire 32% upstream stake in Vaca Muerta for ARGENTINA LNG
Acquisition alongside YPF and Eni to supply an integrated 12 MTPA ARGENTINA LNG project; deal needs regulatory approvals and covers three Vaca Muerta blocks.
29 June 2026
Eni takes 32% stake in Vaca Muerta blocks for Argentina LNG
Acquires 32% of three Vaca Muerta blocks to feed 12 MTPA LNG capacity via two 6 MTPA floating units; deal completion subject to regulatory approvals.
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29 June 2026
Eni and NOC start Sabratha Compression Project to boost Libya gas output
Offshore compression module online to sustain low-pressure gas production and add about 800 million m³/yr, supporting power generation and exports to Italy.
26 June 2026
Uniper signs 100 MW offshore wind PPA with Skyborn for Gennaker
Buyer’s first offshore wind PPA; Gennaker is planned at 976.5 MW and expected to power about one million households, showcasing end-to-end offshore capabilities.
25 June 2026
Iberdrola and bp push green hydrogen project at Castellón refinery
€211m IPCEI Hy2USE reallocated to Castellón plus €15m NextGenerationEU support; plant to start production before year-end and aim to be Spain’s largest green hydrogen facility in 2026.
25 June 2026
ORLEN and Naftogaz sign two MoUs to expand LNG cooperation and sustainability support
Two MoUs to expand LNG trading, shared use of regasification and transmission infrastructure across the Baltic/CEE, plus exchange on sustainability, decarbonisation, green finance and ESG.
25 June 2026
ONGC and bp sign technical services contract for Western Offshore Basin
Technical services contract appoints a TSP for the Western Offshore Basin to deploy technology and operating practices to curb decline and improve recovery.
25 June 2026
Qatar pushes EU to amend Methane Regulation in joint open letter
Urges targeted clarifications to the EU Methane Regulation and requests stop‑the‑clock, grandfathering and penalty relief ahead of January 2027 provisions.
25 June 2026
ORLEN Advances Cerisa Development in North Sea
Cerisa will yield ~8.5 million boe (incl. ~0.8 bcm gas); production start 2027; peak ~6,000 boe/d; two wells tied into existing Duva subsea template to cut cost and time.
24 June 2026
TotalEnergies enters Bab Gas Cap concession in Abu Dhabi
Takes 10% stake in Bab Gas Cap with partners including ADNOC (operator), bp and CNPC; project targets 1.5 bcfd and connects to Ruwais LNG and condensate growth.
24 June 2026
bp takes 10% stake in ADNOC-led Bab Gas Cap concession
Concession to tap three Bab Field reservoirs, producing up to 1.5 bcfd of gas and condensate; supports UAE gas self-sufficiency and LNG export growth.
23 June 2026
Evonik builds Lülsdorf–Wesseling methanol pipeline to secure methionine feedstock
Shared regional storage and a new 4 km methanol pipeline improve feedstock security for methionine production while cutting Scope‑3 emissions and enabling future green methanol.
22 June 2026
Eni FID for Greater PAJ — Angola's first cross-block offshore development
Final Investment Decision for Greater PAJ, Angola’s first integrated cross‑block offshore development; FPSO 95,000 b/d, gas export 70 mscfd, first oil H1 2029.
21 June 2026
QatarEnergy: Explosion and fire at Barzan gas supply facility during Ras Laffan start-up
An operational incident during Ras Laffan start‑up sparked an explosion and fire at the Barzan local gas supply facility; emergency teams have contained the blaze.
19 June 2026
Equinor-led TWIN subsea tieback to boost Troll gas exports
Subsea tieback will add about 11 billion Sm3 of gas, cost just over NOK 4 billion and target production start as early as 2028.
18 June 2026
Equinor agrees concept for Ringvei Vest subsea tie‑back to Troll B
Subsea development tying seven discoveries and one prospect to Troll B; estimated 240 million boe. Plan includes 13 wells, seabed tie‑in and DG2 decision planned end of year.
18 June 2026
ORLEN takes 20% stake in Goliat and four Norwegian licences
Acquisition adds ~58 million boe (including ~3 BCM gas) and aims to lift output from ~4,000 to ~12,000 boe/d through development of Goliat and Goliat Ridge.
17 June 2026
Repsol signs MoU to assess Horcón area in Venezuela
MoU with Venezuelan government and PDVSA to evaluate Horcón area, study offshore gas prospects, and address payments and crude cargo scheduling.
16 June 2026
Equinor Capital Markets Day 2026 — plan to grow energy, cash flow and returns
Doubles 2026 buy-back to USD 3bn and sets USD 2–4bn annual buy-back guidance from 2027; growth targets across production, power and trading with strong cash-flow guidance.
16 June 2026
MOL Group signs production sharing agreement for Libya O7 offshore block
JV with Repsol and TPAO for deepwater O7 block off Libya; commitment includes 1,500 km 2D and 2,300 km² 3D seismic surveys and one exploration well.
12 June 2026
SunGas ends Beaver Lake bio-methanol project
Planned wood-fiber-to-low-carbon-methanol plant near Alexandria will not proceed, citing slow market uptake, CCS and regulatory/financing uncertainty.
10 June 2026
Saipem awarded onshore EPC contract for Uthmaniyah Gas Compression Plant in Saudi Arabia
EPC for Uthmaniyah compression plant to extend field life; ~42-month term; contract share ≈€900m; delivered via Saudi JV under National EPC Champion Program.
10 June 2026
PETRONAS strengthens partnerships and state participation to sustain upstream value
Transfers operatorship and stakes in several Peninsular Malaysia and Sarawak PSCs to partners; Terengganu’s TI EP to take a non‑operated interest in PM6/12 to build state capability.
10 June 2026
PETRONAS and JERA sign 20‑year LNG supply deal extending partnership into 2040s
Up to ~2 MTPA of LNG supplied from 2028 for 20 years, delivered on new low‑emission 174,000‑cbm carriers via a more flexible supply arrangement.
8 June 2026
Uniper and Ksi Lisims LNG sign LOI for 2 mtpa Canadian LNG supply
LOI outlines a 2 mtpa long-term LNG purchase, with first volumes possible in 2032 from a proposed 12 mtpa BC floating export facility designed for low emissions.
8 June 2026
PETRONAS and Eni form Searah JV to boost regional energy security
50:50 JV combines 19 gas assets across Malaysia and Indonesia, targets 300k→500k boe/d and plans $20bn investment backed by a $6bn credit facility.
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