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TotalEnergies appoints Nicola Mavilla as global head of exploration

Nicola Mavilla succeeds Kevin McLachlan as TotalEnergies' Director of Exploration, bringing over two decades of international experience in the oil and gas industry.

Saudi companies to launch 500 MW of energy projects in Syria

Al-Harfi and SCLCO signed agreements with Syrian authorities to develop solar and wind capacity, amid an ongoing energy rapprochement between Riyadh and Damascus.

QatarEnergy acquires 27% stake in Egypt’s offshore North Cleopatra block

QatarEnergy continues its international expansion by acquiring 27% of the offshore North Cleopatra block from Shell, amid Egypt’s strategic push to revive gas exploration in the Eastern Mediterranean.
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Project InnerSpace unveils GeoMap in the Middle East with 14,000 GW geothermal potential

The new GeoMap tool identifies vast geothermal potential in the Middle East, notably for urban cooling, long-duration storage, and large-scale power generation.

QatarEnergy seals major helium export deal with Germany’s Messer

QatarEnergy has signed a long-term contract with Messer to supply 100 million cubic feet of helium per year, strengthening Doha’s position as a key player in this strategic market.

TotalEnergies activates the last two components of the giant energy project in Iraq

TotalEnergies launches construction of the final key infrastructures of the Gas Growth Integrated Project in Iraq, putting into execution all its oil, gas, solar and water components.
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QatarEnergy and TotalEnergies launch final phase of major gas project in Iraq

QatarEnergy, TotalEnergies and Basra Oil Company begin construction of the final infrastructure components of Iraq’s integrated gas project, mobilising more than $13bn in investments to modernise the country’s energy supply.

QatarEnergy awards Samsung contract for 2,000 MW solar plant in Dukhan

QatarEnergy has signed a contract with Samsung C&T to build a solar power plant in Dukhan, set to reach 2,000 MW capacity by 2029, doubling the country’s solar output.

IEA warns of 3.3 million barrel oil surplus in 2026

Increased output from Opec+ and non-member producers is expected to create a global oil surplus as early as 2025, putting pressure on crude prices, according to the International Energy Agency.
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QatarEnergy secures offshore exploration licence in Congo

QatarEnergy obtained a 35% stake in the Nzombo block, located in deep waters off Congo, under a production sharing contract signed with the Congolese government.

Guyana to tighten contractual framework for oil production

Re-elected president Irfaan Ali announces stricter production-sharing agreements to increase national economic returns.

Kuwait launches tenders for 1.8GW energy and water project

The Kuwaiti government has invited three international consortia to submit bids for the first phase of the Al Khairan project, combining power generation and desalination.
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KOGAS signs 3.3 mtpa of US LNG for ten years starting in 2028

Korea Gas Corporation commits to 3.3 mtpa of US LNG from 2028 for ten years, complementing new contracts to cover expired volumes and diversify supply sources and price indexation.

CNOOC Limited records 6.1% increase in production for H1 2025

With net output reaching 384.6 million barrels of oil equivalent, CNOOC Limited continues its expansion, strengthening both domestic and international capacities despite volatile crude oil prices.

SBM Offshore commissions FPSO One Guyana, fourth unit operated in the country

FPSO One Guyana begins production as part of the Yellowtail development, with enhanced technical capabilities to optimise reliability and maintenance in deep waters.
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Mozambique: TotalEnergies Faces Security Dilemma Before LNG Project Restart

Jihadist attacks in Cabo Delgado displaced 59,000 people in July, threatening the restart of the $20 billion gas project planned for August 2025.

ConocoPhillips raises asset disposals to $5 bn and adjusts its financial strategy

ConocoPhillips targets $5 bn in asset disposals by 2026 and announces new financial adjustments as production rises but profit declines in the second quarter of 2025.

Iran and Iraq struggle to finalize gas agreement despite advanced negotiations

Discussions between Tehran and Baghdad on export volumes and an $11 billion debt reveal the complexities of energy dependence under U.S. sanctions.
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Frontera Energy and CGX Energy challenge the validity of Corentyne block withdrawal

The dispute over the Corentyne block licence pits Frontera Energy and CGX Energy against the Guyanese government, amid major contractual and offshore investment stakes in the oil sector.

Turkey starts Azerbaijani natural gas deliveries to war-torn Syria

Turkey has begun supplying natural gas from Azerbaijan to Syria, marking a key step in restoring Syria’s energy infrastructure heavily damaged by years of conflict.
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CNOOC Limited achieves record production and net profit in the third quarter of 2024

CNOOC Limited, a Chinese oil and gas company, reports record growth in production and net profit for the first three quarters of 2024, marking unprecedented performance despite an unstable external environment.

Rosneft loses its appeal against the sale of the Schwedt refinery

The Düsseldorf court has rejected Rosneft’s lawsuit against Shell’s sale of its stake in the Schwedt refinery, marking a key step in the restructuring of German energy assets.

A summit EU-Gulf Countries focused on the crisis in the Middle East

European Union leaders and Gulf countries meet in Brussels to prevent an escalation in the Middle East, addressing trade, energy, and regional stability.
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China’s Peak Oil Demand Looms: Challenges and Perspectives

As China, the world's second-largest oil consumer, may reach a peak in refined product demand by 2027, the implications for the global oil market and prices are significant.

Saudi Aramco renews two ADES onshore rigs for a decade

ADES has obtained 10-year contract renewals from Saudi Aramco for two onshore rigs in Saudi Arabia, strengthening its position in the Middle Eastern energy market.

The demand for natural gas in the United States reaches a new peak in 2024, despite decarbonization ambitions

Natural gas consumption in the United States increased by nearly 5% over the first nine months of 2024, despite federal initiatives to promote renewable energy, reinforcing the country's key role in the global energy sector.
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Qatar Electricity and Water Company develops a 500 MW peak power plant

Qatar Electricity and Water Company partners with KAHRAMAA to develop a 500 MW peak power plant in Ras Abu Fontas. The project aims to meet Qatar’s growing energy needs while strengthening the local infrastructure.

TotalEnergies Continues Oil and Gas Production Through 2030

TotalEnergies announces an increase in its oil and gas production until 2030, despite pressures to reduce fossil fuels. CEO Patrick Pouyanné defends this strategy amid climate challenges.

McDermott Secures EPCI Contract from QatarEnergy LNG for the North Field South Project

McDermott has signed an engineering, procurement, construction, and installation (EPCI) contract with QatarEnergy LNG for the North Field South project, thereby strengthening its presence in Qatar's energy sector.
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TotalEnergies Confirms its Willingness for Dual Listing in New York Backed by the Board

TotalEnergies announces its intention to establish a dual listing in New York, supported unanimously by its board of directors, while maintaining its presence on the Paris stock market.

The Alexandroupolis LNG Terminal Redefines Energy Security in Europe

The new Alexandroupolis LNG terminal in Greece strengthens energy diversification in Eastern Europe, thereby reducing regional dependence on Russian gas and increasing supply security.

TotalEnergies Invests USD 10.5 Billion in Suriname’s First Offshore Oil Project

TotalEnergies, in partnership with APA Corporation, has confirmed a USD 10.5 billion investment to develop Block 58 off the coast of Suriname. The project aims to exploit the oil resources from the Sapakara and Krabdagu fields, with reserves estimated at over 750 million barrels. The fields, located 150 kilometers offshore, will be developed using a Floating Production Storage and Offloading (FPSO) unit capable of processing up to 220,000 barrels per day.
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Russian Oil and Gas Revenues Decline with Gazprom’s Tax Relief in Sight

Russia’s oil and gas revenues are expected to decrease between 2025 and 2027 due to a reduction in Gazprom’s mineral extraction tax. This revenue decline poses a significant challenge to Russia’s budget, given the sector’s large contribution to the state’s finances.

India Excludes Arctic LNG 2: Consequences for the Asian Energy Market

India has decided not to purchase gas from the Arctic LNG 2 project due to sanctions. This decision further isolates Russia from major Asian markets and could redefine LNG flows in the region.

ConocoPhillips obtains authorization to seize PDVSA payments in Trinidad

ConocoPhillips secured the right to seize payments from PDVSA related to the Dragon gas project between Trinidad and Venezuela. This decision is part of ongoing efforts to recover a $1.33 billion debt linked to the nationalization of its assets.
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Russia threatens to take the Nord Stream explosions case to the International Court of Justice

Moscow is ramping up pressure on the investigations into the Nord Stream pipeline explosions, accusing Germany, Denmark, and Sweden of not meeting their obligations under international conventions.

US Regulators Support Venture Global LNG Despite Disputes Over LNG Deliveries

Venture Global LNG reçoit le soutien de la Federal Energy Regulatory Commission (FERC) concernant des accusations de non-respect de ses engagements de livraison de gaz naturel liquéfié (GNL), malgré des différends contractuels en cours avec des entreprises comme Shell et BP.

Kazakhstan: Oil Sector Delays Hamper Growth Prospects

Kazakhstan, a major oil player in Central Asia, is facing production challenges due to delays in its key projects, limiting its ability to meet objectives and comply with OPEC+ quotas.
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FTC prevents John Hess from joining Chevron board after merger

The Federal Trade Commission imposes restrictions on Chevron as part of its acquisition of Hess Corporation, preventing John Hess from sitting on the board of directors to limit the risk of collusion and preserve competition in the sector.

Iraq boosts gas production and cuts energy imports

Iraq is aiming for gas self-sufficiency within five years, thanks to foreign investment and increased management of domestic production.
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