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Natural gas condensates (petroleum) news
All news on
Natural gas condensates (petroleum)
: plants, production capacities, investments and involved companies.
Natural gas condensates (petroleum) is part of the
Natural Gas
.
14 September 2026
PETRONAS Carigali secures 35-year PSC for MTJDA Block A-18-01
New PSC links existing Block A‑18 with adjacent exploration area; GSA in place to continue gas supply to Malaysia and Thailand.
7 September 2026
TotalEnergies advances Papua LNG toward FID
EPC tendering completed, capex trimmed to ~$14bn after ~$4bn savings; operatorship to move to ExxonMobil; LNG marketing JV and offtake deals secure 2.4 Mtpa and 1.5 Mtpa.
31 August 2026
KBR advances Woodside Pluto Train 1 modifications
Upgrades will let the Train 1 facility process up to 3 Mtpa of Scarborough gas; scope includes an NGL unit, nitrogen recycle compressor and custody metering; major module lift and a 4,600 t module installed.
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.
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.
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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.
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.
17 August 2026
Chevron discovers oil and gas condensate in Angola Block 0
Oil and gas condensate found at Block 0’s 105-4X: >600 m column and >90 m net pay in the Pinda reservoir; potential tie-back to nearby facilities; partners hold 39.2–41% stakes.
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.
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.
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.
13 July 2026
Rompetrol Energy tests island-mode operation at Petromidia cogeneration plant
Plant can start and run without National Energy System power; tested with Transelectrica and Nuclearelectrica; capacity ~80 MWh and 180 t/h steam; can feed surplus to grid.
7 July 2026
Saipem awarded USD 2 billion EPCI contract for Kutei FPSO in Indonesia
EPCI for an FPSO to serve the Kutei North Hub, tied to subsea fields and a gas export pipeline to Bontang LNG and domestic users; 48-month execution.
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 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.
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.
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.
3 June 2026
MOL Group starts first gas production at ACG field
First commercial gas from non-associated reservoirs beneath and above existing oil layers; initial well drilled from West Chirag; up to 4 Tcf estimated; gas to Sangachal via existing infrastructure.
8 April 2026
bp discovers gas offshore Egypt with fast-track potential
Denise W-1 in Temsah Concession found gas and condensate ~70 km offshore (95 m depth), <10 km from infrastructure; ~90 m gas-bearing sandstone; follows a 20-year concession renewal
24 March 2026
Equinor begins Raia pre‑salt gas drilling offshore Brazil
Six wells started 24 Mar with Valaris DS‑17 in ~2,900m water; recoverable >1bn boe; capacity 16m m3/day (~15% national demand); start‑up 2028; $9bn investment; FPSO ~6 kg CO2/boe.
19 March 2026
QatarEnergy: Missile strikes cut LNG export capacity 17%, $20bn annual loss
Missile strikes at Ras Laffan damaged LNG Trains 4 & 6; repairs may take 3–5 years with force majeure on contracts. Pearl GTL offline ≥1 year; condensate, LPG, naphtha and helium production affected.
18 March 2026
Eni approves dual FIDs for Indonesian deep‑water gas hubs
Dual FIDs for Gendalo/Gandang and Geng North/Gehem offshore East Kalimantan. Start 2028; plateau 2029 at 2 bscfd gas and 90,000 bpd condensate. Tie-backs to Jangkrik, new FPSO.
17 March 2026
SOCAR and KMG reach 4 million tonnes of Kazakhstan oil transit via Azerbaijan
427th Kazakhstan shipment left Aktau on Mar 12, arrived Sangachal on Mar 13; oil from Tengiz and Kashagan fields delivered to Sangachal, then sent via BTC pipeline to Ceyhan for export.
17 March 2026
Eni Begins Gas Delivery from Angola's Quiluma Field
Quiluma field starts gas delivery at 150 MMSCF/day, aiming for 330 MMSCF/day in 2026. Gas processed at Soyo plant for Angola LNG export and domestic use.
10 March 2026
ORLEN Confirms Gas Discovery in North Sea's Sleipner Area
Gas and condensate found in Frida Kahlo prospect, estimated at 7.2 million barrels. Production to start by 2026 using existing infrastructure, reducing costs and time.
10 March 2026
Equinor Finds Oil and Gas in North Sea
Oil and gas found in Troll and Sleipner areas, leveraging existing infrastructure. New discoveries support ongoing energy supply and exploration efforts on the Norwegian continental shelf.
27 February 2026
PETRONAS Reports Lower Profit Amid Market Challenges, Focuses on Long-Term Value
Revenue and profit decreased due to lower prices and sales. PETRONAS prioritizes resilience and strategic growth amid ongoing market volatility and geopolitical challenges.
27 February 2026
KazMunayGas 2025 Trading Update
Hydrocarbon reserves stable; oil and gas production up. Oil transport steady; refining and polypropylene output increased.
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