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Natural Gas news
29 August 2026
SONATRACH and Anton Oilfield Services sign MoU on unconventional resources and EOR
MoU to evaluate cooperation on unconventional resources, marginal deposits, EOR, local completion tool manufacture and technology transfer.
28 August 2026
PETRONAS 1H 2026: resilient results and energy-security focus
Revenue up 15% to RM152.4bn; PAT RM27.2bn; CAPEX RM41.4bn and full ownership of PRefChem expected in 2H 2026 amid West Asia conflict-driven volatility.
27 August 2026
TotalEnergies completes transfer of 10% Arctic LNG 2 stake to Novatek subsidiary
Transfer of a 10% Arctic LNG 2 stake to NordLine completed; TotalEnergies retains claim for about US$1.3bn in shareholder loans, subject to sanctions.
27 August 2026
Petrobras and Seatrium baptize P-80 and P-82 at Tuas shipyard
Two pre-salt platforms bound for the Búzios field will sail to Brazil for 2027 start-up; each can produce 225,000 b/d and treat 12 million m³/d of gas.
27 August 2026
MAIRE (Tecnimont) secures ~€110m in engineering and FEED contracts
Early engineering for a South American gas monetization project and a FEED for an Asian LNG plant are among awards totalling about €110m across three regions.
26 August 2026
Búzios field posts new monthly and daily gas export records
July average exports reached 10.8 million m³/d; daily peak hit 14.1 million m³ on 6 August after CO₂-membrane upgrades and Route 3 operation.
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26 August 2026
Technip Energies wins engineering services contract from L&T for ADNOC Offshore
Detailed engineering for new offshore facilities, upgrades and modifications on a major UAE EPCIC development; contract falls in the €50–250m "significant" band.
26 August 2026
ORLEN starts production at Idun Nord, Alve Nord and Ørn in Skarv area
Adds ~30 million boe (mostly gas) and >4 billion m³ of gas; tied to Skarv FPSO with 4.5 kg CO2/boe intensity; lifts Skarv output toward 9 million boe by 2027.
25 August 2026
Equinor reshapes international portfolio — targets 950,000 boepd outside Norway by 2030
Portfolio concentrated into fewer countries, expected ~USD 20bn free cash flow 2026–2030; US, Brazil and Angola to drive growth; higher margins from high-grading and stepped-up exploration.
25 August 2026
Equinor: Troll Phase 3 Stage 2 boosts gas supply to Troll A
Stage 2 began production on 22 August, accelerating 55 billion scm from Troll West, coming online early and several hundred million NOK below the original cost estimate.
24 August 2026
Uniper and Equinor sign 15‑year Norwegian gas supply deal for Germany
15‑year contract secures over 30 TWh/year from 2027–2041 to bolster Germany's gas security and develop lower‑emissions natural gas.
21 August 2026
Petrobras begins negotiations for Keta Basin exploration blocks in Ghana
Filed interest for offshore Keta Basin blocks; Ghana approved direct negotiation for four exploration contracts.
20 August 2026
Petrobras: FPSO Alexandre de Gusmão hits 180,000 bpd peak in Mero pre-salt
Planned for 12 wells (6 producers/6 injectors), currently 5 producers and 3 injectors are tied in; Mero averaged about 740 mbpd in Q2 2026; PRM monitoring and HISEP separation are being deployed.
20 August 2026
Equinor and ORLEN sign three-year Johan Sverdrup crude supply deal
Three-year agreement from September to deliver 5–9+ Mt/year of Johan Sverdrup crude to Central European refineries, with scope to add other NCS grades.
20 August 2026
ORLEN secures up to a quarter of crude with Equinor from Johan Sverdrup
Three-year contract starts in September; deliveries may total nearly 5 to over 9 Mt/y, supplying refineries in Poland, the Czech Republic and Lithuania.
19 August 2026
Petrobras and partners extend long-term UTG Catu natural gas processing contracts
Amendments secure immediate continuity at Catu unit in Pojuca (Bahia), extend capacity guarantee beyond 2028 and update commercial terms to cut costs and boost infrastructure use.
18 August 2026
KazMunayGas H1 2026 financial results
Revenue +23.7% to 5,568 bln tenge; EBITDA +45% to 1,655 bln; net profit +69.1% to 904 bln; net debt rose to 983 bln tenge as cash/deposits declined.
14 August 2026
SOCAR posts 86.3 billion manat revenue and 10.9 billion manat EBITDA in 2025
Revenues 86.3bn manats; total profit 12.6bn and net profit ~3.0bn. EBITDA rose 26%. Major field acquisitions and a 136% jump in operating cash flow.
14 August 2026
SOCAR 2025 results: AZN 86.3bn revenue, AZN 10.9bn EBITDA
Revenue driven by crude, petroleum and gas sales; EBITDA rose 26% and net profit ≈AZN 3.0bn amid major field acquisitions and stronger operating cash flow.
14 August 2026
Argentina LNG (YPF, Eni, XRG) applies for RIGI approval
Seeks RIGI status to enable an integrated LNG export chain using Vaca Muerta gas, with two FLNG units totalling 12 MTPA offshore Río Negro; FID targeted end‑2026.
13 August 2026
Petrobras Tupi asset reaches 4 billion barrels
Pre-salt unit in the Santos Basin marks two decades of production and underpins plans to make the pre-salt the company's main source of output in 2026–30.
13 August 2026
bp awarded Loran Phase 2 licence in Venezuela's Plataforma Deltana
Phase 2 holds an estimated 4 trillion cubic feet of recoverable gas; bp will operate a three-way joint venture and signed MoUs to pursue further offshore exploration.
13 August 2026
XRG enters Venezuela with stake in Loran offshore gas licence
Adds a material share in over 4 Tcf proven gas in the Loran‑Manatee area, links resources to existing infrastructure and strengthens the Atlantic Basin gas portfolio.
12 August 2026
Vaca Muerta oil resources increased 89% to 30,170 million barrels
IAPG study attributes revision to larger prospective area, thicker pay and higher recovery factor; export infrastructure and an incentives regime improve development conditions.
12 August 2026
SONATRACH and AFC award EPCs for Integrated Phosphate Project Phase 1
Contracts cover fertilizer plants at Bled El Hadba and Oued El Keberit and port works at Annaba; project spans mining, fertilizer production and export infrastructure.
11 August 2026
LANXESS converts Krefeld-Uerdingen spray dryer to hydrogen fuel
Hydrogen replaces natural gas in a pigment spray dryer, cutting CO₂ by about 6,000 t/yr using Covestro-produced byproduct delivered via pipeline.
11 August 2026
Pembina selects Worley for Heartland Extraction Plant EPC
Greenfield straddle facility to process up to 750 million cubic feet/day of gas, extracting NGLs from the Yellowhead Pipeline; start-up targeted for late 2029.
10 August 2026
MAIRE/Tecnimont to deliver USD 4.3bn Ruwais NGL expansion (RGD Phase 3)
EPC for fifth NGL fractionation unit, sweetening and storage at Ruwais; 23,000 t/d (~8 Mtpa) output; completion scheduled for 2030.
7 August 2026
Fluor Corporation second-quarter 2026 results
Revenue rose 9% to $4.3B; new awards $6.1B and backlog $26.9B; adjusted EBITDA guidance narrowed and reduced; $300M returned to shareholders in Q2.
7 August 2026
Saipem (SMDC) signs LOI for Rovuma LNG Phase 1 onshore midstream
LOI covers $32M for preliminary engineering and procurement to advance project definition; final EPC award depends on FID and government/regulatory approvals expected in 2026.
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