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Fossil Energy

Riley Permian sells New Mexico gas project for $111 million
Riley Exploration Permian has finalised the sale of its Dovetail Midstream entity to Targa Northern Delaware for $111 million, with an additional conditional payment of up to $60 million. The deal also includes a future transfer of equipment for $10 million.
Stanwell secures exclusivity on 1,860 MW hybrid energy project in Gladstone
Stanwell has secured an exclusive agreement with Quinbrook for the development of the Gladstone SDA Energy Hub, combining gas turbines and long-duration battery storage to support Queensland’s electricity grid stability.

US LNG profitability under pressure as domestic prices surge

The growth of US liquefied natural gas exports could slow if rising domestic costs continue to squeeze margins, as new volumes hit an already saturated global market.
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Turkmenistan seeks to expand gas export routes beyond China
Turkmenistan is leveraging the Global Gas Centre to build commercial links in Europe and South Asia, as it responds to its current dependence on China and a shifting post-Russian gas market.
BOTAŞ strengthens LNG capacity with expansion of Marmara Ereğlisi terminal
The Marmara Ereğlisi liquefied natural gas (LNG) terminal operated by BOTAŞ is increasing its regasification capacity, consolidating Türkiye’s role as a regional player in gas redistribution toward the Balkans and Southeast Europe.

Hungary to launch legal challenge after EU agreement on ending Russian gas imports

Budapest contests the European agreement to ban Russian natural gas imports by 2027, claiming the measure is incompatible with its economic interests and the European Union's founding treaties.
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Europe enacts the end of Russian gas and enforces a total reshaping of its gas market
The European Union has enshrined in law a complete ban on Russian gas by 2027, forcing utilities, operators, traders and states to restructure contracts, physical flows and supply strategies under strict regulatory pressure.
Perenco supplies gas to Moundou and reignites debate over energy investments in Chad
The partial exploitation of associated gas from the Badila field by Perenco supplies electricity to Moundou, highlighting the logistical and financial challenges of gas development in Chad.

The European Commission enforces full transparency on gas contracts

A new regulation requires gas companies to declare the origin, volume and duration of their contracts, as the EU prepares to end Russian imports.
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Saudi Arabia activates 450 MMcf/d at Jafurah to maximise revenues
Saudi Aramco has launched production at the unconventional Jafurah gas field, initiating an investment plan exceeding $100bn to substitute domestic crude and increase exportable flows under OPEC+ constraints.
PLN secures 103 LNG cargoes for 2026 as Indonesia anchors its supply strategy
By mobilising long-term contracts with BP and new infrastructure, PLN is driving Indonesia’s shift toward prioritising domestic LNG use, at the centre of a state-backed investment programme supported by international lenders.

TotalEnergies and Japanese groups launch 250 MW e-gas project in Nebraska

TotalEnergies, TES and three Japanese companies will develop an industrial-scale e-gas facility in the United States, targeting 250 MW capacity and 75,000 tonnes of annual output by 2030.
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Argentina signs 8-year LNG export deal with Germany
Argentinian consortium Southern Energy will supply up to two million tonnes of LNG per year to Germany’s Sefe, marking the first South American alliance for the European importer.
UK withdraws $1.15bn funding from TotalEnergies gas project in Mozambique
The UK government has ended its financial support for TotalEnergies' liquefied natural gas project in Mozambique, citing increased risks and a lack of national interest in continuing its involvement.

China braces for record winter demand amid energy strain on coal, gas and UHV networks

Faced with a climate- and geopolitically-constrained winter, Beijing announces expected record demand for electricity and gas, placing coal, LNG and UHV grids at the centre of a national energy stress test.
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Iraq launches joint investigation after drone attack on strategic Khor Mor gas site
The Iraqi government and Kurdish authorities have launched an investigation into the drone attack targeting the Khor Mor gas field, which halted production and caused widespread electricity outages.
PetroChina invests $5.43bn to integrate 11 Gm³ of strategic gas storage with PipeChina
PetroChina internalises three major gas storage sites through two joint ventures with PipeChina, representing 11 Gm³ of capacity, in a CNY40.02bn ($5.43bn) deal consolidating control over its domestic gas network.

European companies exposed to a wave of litigation over Russian LNG contracts

The European Union is facilitating the use of force majeure to exit Russian gas contracts by 2028, a risky strategy for companies still bound by strict legal clauses.
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Funds shift from natural gas to EU carbon allowances
Amid an expected LNG surplus from 2026, investors are reallocating positions toward the EU carbon market, betting on tighter supply and a bullish price trajectory.
Axiom maintains $110mn lawsuit against Tidewater over Canadian asset dispute
Axiom Oil and Gas is suing Tidewater Midstream for $110mn over a gas handling dispute tied to a property for sale in the Brazeau region, with bids due this week.
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RWE and TotalEnergies deploy 66 Reef cubes® for OranjeWind wind farm
Riley Permian sells New Mexico gas project for $111 million
US LNG profitability under pressure as domestic prices surge
GreenYellow et PTP Ibérica lancent un terminal logistique énergétique majeur à Cadiz
Stanwell secures exclusivity on 1,860 MW hybrid energy project in Gladstone
EU eases gas storage rules for 2025-2027 with greater flexibility
The European Union is extending its gas storage regime, keeping a legal 90% target but widening national leeway on timing and filling volumes to reduce the price pressure from mandatory obligations.
Mozambique launches audit on $4.5bn cost overrun of TotalEnergies project
The Mozambican government has initiated a review of the expenses incurred during the five-year suspension of TotalEnergies' gas project, halted due to an armed insurgency in the country’s north.

Rig count drops in the United States despite record production

The number of active drilling rigs in the continental United States continues to decline while oil and natural gas production reaches historic levels, driven by operational efficiency gains.
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Shell sells 50% of Tobermory to Ithaca to share UK fiscal risk
Shell sells a 50% stake in Tobermory West of Shetland to Ithaca Energy, while retaining operatorship, reinforcing a partnership already tested on Tornado, amid high fiscal pressure and regulatory uncertainty in the North Sea.
Novatek sells liquefied gas with 40% discount to China despite sanctions
Russian company Novatek applied major discounts on its liquefied natural gas cargoes to attract Chinese buyers, reviving sales from the Arctic LNG 2 project under Western sanctions.

Ukraine receives 100 mn m³ of US gas via Lithuania

A first vessel chartered by a Ukrainian trader delivered American liquefied gas to Lithuania, marking the opening of a new maritime supply route ahead of the winter season.
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Mozambique LNG, criminal complaint and economic recovery under judicial pressure
A German NGO has filed in France a complaint against TotalEnergies for alleged war crimes complicity around Mozambique LNG, just as the country seeks to restart this key gas project without any judicial decision yet on the substance.
Hut 8 sells 310 MW gas-fired portfolio to TransAlta after asset optimisation
Hut 8 transfers four natural gas power plants to TransAlta following a turnaround plan and five-year capacity contracts secured in Ontario.

Tokyo Gas sells TVL LLC to Grayrock Energy for $255mn and reallocates its US gas portfolio

By selling its US subsidiary TVL LLC, active in the Haynesville and Cotton Valley formations in Louisiana, to Grayrock Energy for $255mn, Tokyo Gas pursues a targeted rotation of its upstream assets while strengthening, through TG Natural Resources, its exposure to major US gas hubs supporting its LNG value chain.
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TotalEnergies signs €5.1bn deal with EPH for 14 GW of flexible capacity
TotalEnergies acquires 50% of a flexible power generation portfolio from EPH, reinforcing its gas-to-power strategy in Europe through a €10.6bn joint venture.
ConocoPhillips reveals major new gas discovery offshore Australia
The Essington-1 well identified significant hydrocarbon columns in the Otway Basin, strengthening investment prospects for the partners in the drilling programme.

India signs major US LPG deal under diplomatic pressure

New Delhi secures 2.2 million tonnes of liquefied petroleum gas annually from the United States, a state-funded commitment amid American sanctions and shifting supply strategies.
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INNIO deploys 450 MW flexible power plant to support UK grid
INNIO and Clarke Energy are building a 450 MW gas engine power plant in Thurrock to stabilise the electricity grid in southeast England and supply nearly one million households.
Aramco deploys autonomous AI agents to optimise Fadhili gas plant
Aramco and Yokogawa have completed the deployment of autonomous artificial intelligence agents in the gas processing unit of Fadhili, reducing energy and chemical consumption while limiting human intervention.

S‑Fuelcell intensifies GFOS rollout to support AI data centres

S‑Fuelcell is accelerating the launch of its GFOS platform to provide autonomous power to AI data centres facing grid saturation and a continuous rise in energy demand.
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Aramco reportedly targeting 10 mtpa of US LNG in global gas strategy
Aramco is reportedly in talks with Commonwealth LNG and Louisiana LNG, according to Reuters, to secure up to 10 mtpa in the “2029 wave” as North America becomes central to global liquefaction growth.
Ukraine secures up to €2bn in Greek gas under new winter partnership
Kyiv signs a gas import deal with Greece and mobilises nearly €2bn to offset production losses caused by Russian strikes, reinforcing a strategic energy partnership ahead of winter.

Blackstone injects $1.2bn into West Virginia’s first natural gas power plant

Blackstone commits $1.2bn to develop Wolf Summit, a 600 MW combined-cycle natural gas plant, marking a first for West Virginia and addressing rising electricity demand across the Mid-Atlantic corridor.
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ADNOC Gas posts record $1.34 billion profit in Q3
UAE-based ADNOC Gas reports its highest-ever quarterly net income, driven by domestic sales growth and a new quarterly dividend policy valued at $896 million.
Caprock Midstream expands Texas gas network and appoints Steve Jones as CEO
Caprock Midstream II invests in more than 90 miles of gas pipelines in Texas and strengthens its leadership with the arrival of Steve Jones, supporting its expansion in the dry gas sector.