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Natural Gas news
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
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.
7 August 2026
MOL Group Q2 2026 results
Q2 profit USD 786m; strong oil and gas prices plus higher refining and petrochemical margins offset fuel price caps and operational outages.
6 August 2026
bp to acquire Woodside’s 70% stake in Calypso (Block TTDAA 14)
Acquisition will raise ownership to 100% and operatorship of the Calypso deepwater gas project offshore Trinidad and Tobago; deal expected to close by end‑2026 pending approvals.
6 August 2026
Petrobras posts R$52.4bn Q2 2026 profit
Quarterly results bolstered by record own oil output, above-100% refinery utilization and higher derivative production, supporting cash generation and lower imports.
6 August 2026
ORLEN Group posts record Q2 2026 profits and PLN 14.7bn H1 capex
Q2 results: revenue PLN 76.5bn, LIFO EBITDA PLN 13.9bn, net profit PLN 7.7bn; record foreign retail profits and H1 capital expenditure PLN 14.7bn.
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4 August 2026
POSCO DX becomes AI Native, advancing Physical AI and Agentic AI
Rolling out Physical AI for heavy equipment and robotisation while launching Agentee to run AI-agent lifecycles; 200+ agents live and targeted 30% accounting productivity gain.
4 August 2026
Aramco Q2 and H1 2026 results
Strong H1 profits and cash flow; Q2 free cash flow hit by $13.6bn working-capital build. Dividend declared and key upstream/gas projects on track for 2026–27 completion.
3 August 2026
SOCAR acquires ITOCHU’s 3.65% stake in Azeri‑Chirag‑Gunashli, lifting its share to 35.3%
Raises national operator's ACG stake to 35.3%; transaction met legal and contractual requirements; first free gas production from ACG fields begins this year.
3 August 2026
SOCAR buys ITOCHU's 3.65% ACG stake, raising its share to 35.3%
Share in ACG rises from 31.65% to 35.3% after purchase of a 3.65% participating interest; transaction executed under legal, contractual and SOCAR internal rules.
31 July 2026
LyondellBasell Q2 2026 earnings
EBITDA $1.3bn ($2.1bn ex-items); net income $0.6bn ($1.4bn ex-items); completed European asset divestiture; $500m Cash Improvement Plan target by end‑2026.
31 July 2026
OMV Petrom Group H1 2026 results
Clean CCS Operating Result 3 bn lei; net income 1.8 bn lei; CAPEX 3.7 bn lei; contribution to state budget 10.2 bn lei; Neptun Deep on track for first gas in 2027.
31 July 2026
Shell to sell BG Cyprus Ltd to MOL Group for up to $720 million
35% non-operated stake in Cyprus Block 12 (Aphrodite); produced gas to be sold to EGAS; completion expected early 2027, subject to approvals.
31 July 2026
OMV Q2 2026: Clean CCS operating result €1,706m
Strong cash flow and low leverage; all segments profitable. Chemicals lifted by Borouge International closing and higher olefin/polyolefin prices.
30 July 2026
TechnipFMC Q2 2026 results
Revenue $2.76bn; net income $363m; Subsea inbound $2.5bn; cash from operations $548m and free cash flow $488m; $440m returned to shareholders.
30 July 2026
Vopak H1 2026 results: raises FY outlook and declares EUR 0.72 interim dividend
Raised FY2026 proportional EBITDA and operating free cash flow guidance; first semi‑annual interim dividend of EUR 0.72; major growth and BESS investments progressing.
30 July 2026
Technip Energies H1 2026: €12.7bn order intake and €25bn backlog
Order intake €12.7bn raised backlog to €25bn; H1 revenue €3.7bn and EBITDA €212m after provisions; Project Delivery margin guidance reduced for 2026.
29 July 2026
Eni second-quarter 2026 results and updated capital plan
Double-digit underlying production growth, new JV and project FIDs, entry into critical minerals, and a larger share buyback with slightly higher 2026 production guidance.
29 July 2026
Uniper signs 2 mtpa long‑term LNG agreement with Ksi Lisims LNG
2 mtpa FOB for up to 20 years with first deliveries from 2032; hydro-powered liquefaction targeting ~90% lower carbon intensity; co-developed with the Nisga’a Nation.
29 July 2026
PETRONAS extends LNG supply to Hokuriku Electric and signs carbon-neutral MOU
Renewal HOA secures up to 0.54 MTPA LNG for 10 years from 2028 and an MOU to explore hydrogen, ammonia, renewables and CCS/CCUS.
28 July 2026
Petrobras Q2 2026 own production reaches 3.34 MMboed
Record oil, NGL and gas output reached 3.34 MMboed in Q2, up 14.1% YoY; operated production 4.87 MMboed; refinery utilisation 101.2% and derivative imports at pandemic-low.
28 July 2026
bp adds TPAO as 15% partner in Kirkuk redevelopment
15% stake added to the Kirkuk redevelopment vehicle; ConocoPhillips holds 42%; project targets over 3bn boe across multiple Kirkuk fields; assets currently with NOC/NGC.
28 July 2026
Eni FID for Cronos gas development off Cyprus
Final Investment Decision for Cronos targets first Cypriot gas in 2028; field holds >3 Tcf GIIP and will route gas via Egypt’s Zohr and Damietta for LNG exports.
28 July 2026
TotalEnergies approves development of Cronos gas field in Cyprus
Cyprus' first gas field will send about 2.8 Mtpa LNG to Europe via Egypt's Damietta terminal; start-up expected 2028 and half the output will be marketed to Europe.
27 July 2026
Galp 2Q26 results and guidance update
Strong cash generation and higher earnings supported a proposed 10% dividend rise to €0.70/share; Bacalhau ramp-up and a €318m renewables purchase shaped the quarter.
27 July 2026
Saipem awarded ~€800m Eni contracts for Ivory Coast offshore and Venice biorefinery
Two awards cover Baleine Phase 3 offshore pipelines and subsea systems, and an EPC deoxygenation unit at the Venice biorefinery to boost HVO output.
21 July 2026
TotalEnergies: FID for Umm Shaif Gas Cap development
Final investment decision taken to develop the gas cap above Umm Shaif and Nasr offshore reservoirs, targeting >600 million cubic feet/day by 2030 and up to 1.5 billion in future.
21 July 2026
ADNOC $6.2bn FID for Umm Shaif Gas Cap
Final investment decision will unlock over 600 million scfd, include three EPC contracts and a 14‑well drilling program, and target production by 2030.
20 July 2026
MAIRE/Tecnimont awarded €1.3bn EPC for 2.1 Mt/yr urea complex in Argentina
Facility will be Latin America’s largest urea plant, with an on-site ammonia unit and two ultra-low energy urea trains; Nextchem supplies urea tech and primary reformer; 41-month schedule.
20 July 2026
OMV Petrom and ROMGAZ install Neptun Alpha offshore platform in the Black Sea
Offshore production platform installed; 160 km pipeline and 6 of 10 wells complete; production on track for 2027.
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