Alberta oil leases

Quantum Capital Group sells nearly 90% of Cogentrix assets to Vistra for $4.7bn, marking a strategic repositioning of gas-fired assets in the United States.
Vital Energy has completed a strategic land acquisition in western Alberta, increasing its regional exposure to nine sections and supporting its development outlook in the Charlie Lake reservoir.

Eni and Repsol struggle to recover $6bn in receivables from Venezuela

Eni and Repsol are facing difficulties recovering payments for gas deliveries to Venezuela, with an outstanding balance of $6bn and no clear engagement from U.S. authorities on the matter.
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Chevron has launched production at the South N’dola field in Block 0 offshore Angola, leveraging existing infrastructure to support its investment strategy in offshore hydrocarbons.
The UK's $1.15bn funding withdrawal exposes the Mozambique LNG project to international political reversals, highlighting structural risks for large African energy projects reliant on foreign backers.

Osaka Gas commissions Unit 1 of its 1.25 GW gas power plant in Himeji

Osaka Gas has launched operations at the first unit of its new gas-fired power plant in Himeji, marking a key step in expanding its national electricity production capacity.
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Technip Energies has received a key order linked to the Commonwealth LNG project in the United States, marking a decisive step ahead of the final investment decision expected in early 2026.
In response to rising domestic demand, Sonatrach adopts a five-year plan focused on increasing production, securing infrastructure, and maintaining export commitments.

Russian gas exports to Europe fall to 18 bcm, lowest level since the 1970s

Pipeline natural gas deliveries from Russia to the European Union dropped by 44% in 2025, reaching their lowest level in five decades following the end of transit via Ukraine.
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AltaGas has finalised a labour agreement with union ILWU Local 523B, ending a 28-day strike at its Ridley Island propane terminal, a key hub for Canadian exports to Asia.
Amber Grid has signed an agreement to maintain gas transit to Russia’s Kaliningrad exclave, with a daily capacity cap of 10.5 mn m³ until the end of 2030, under a framework regulated by the European Union.

Lebanon prepares to buy Egyptian gas to reduce fuel dependence

Lebanon engages in a memorandum of understanding with Egypt to import natural gas and support its electricity production, with infrastructure rehabilitation and active funding searches required to secure delivery.
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Australian producer Woodside has signed a binding agreement with Turkish state-owned company BOTAŞ for the delivery of 5.8 billion cubic metres of LNG starting in 2030.
Condor Energies has completed a $13.65mn private financing to deploy a second drilling rig and intensify a 12-well gas programme in Uzbekistan scheduled for 2026.

Myanmar resumes LNG imports with first shipment since 2021

After a hiatus of more than four years, Myanmar has resumed liquefied natural gas deliveries, receiving a half-cargo in November to supply two state-funded power generation projects.
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The Australian government will require up to 25% of gas extracted on the east coast to be reserved for the domestic market from 2027, in response to supply tensions and soaring prices.
Baker Hughes will deliver six gas refrigeration trains for Commonwealth LNG’s 9.5 mtpa export project in Louisiana, under a contract with Technip Energies.

Shanghai Electric launches 625 MW upgrade to strengthen Iraq’s power grid

Shanghai Electric begins a combined-cycle expansion project across four Iraqi provinces, aiming to boost energy efficiency by 50% without additional fuel consumption.
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Zefiro Methane, through its subsidiary Plants & Goodwin, completes an energy conversion project in Pennsylvania and plans a new well decommissioning operation in Louisiana, expanding its presence to eight US states.
The Council of State has cancelled the authorisation to exploit coalbed methane in Lorraine, citing risks to the region's main aquifer and bringing an end to a legal battle that began over a decade ago.
An explosion on December 10 on the Escravos–Lagos pipeline forced NNPC to suspend operations, disrupting a crucial network supplying gas to power stations in southwestern Nigeria.
At an international forum, Turkmenistan hosted several regional leaders to discuss commercial cooperation, with a strong focus on gas and alternative export corridors.

Australia opens five new offshore blocks to secure gas supply

The Australian government has launched the opening of five offshore gas exploration blocks in the Otway Basin, highlighting a clear priority for southeast supply security amid risks of shortages by 2028, despite an ambitious official climate policy.
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BlackRock sold 7.1% of Spanish company Naturgy for €1.7bn ($1.99bn) through an accelerated bookbuild managed by JPMorgan, reducing its stake to 11.42%.
The British company begins the initial production phase of Morocco's Tendrara gas field, activating a ten-year contract with Afriquia Gaz amid phased technical investments.

United States: winter cold drives up natural gas price forecasts

The Energy Information Administration revises its gas price estimates upward for late 2025 and early 2026, in response to strong consumption linked to a December cold snap.
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Venture Global denies Shell’s claims of fraud in an LNG cargo arbitration and accuses the oil major of breaching arbitration confidentiality.
The Valera LNG carrier delivered a shipment of liquefied natural gas (LNG) from Portovaya, establishing a new energy route between Russia and China outside Western regulatory reach.

Hungary hosts TurkStream headquarters after asset freeze in the Netherlands

South Stream Transport B.V., operator of the offshore section of the TurkStream pipeline, has moved its headquarters from Rotterdam to Budapest to protect itself from further legal seizures amid ongoing sanctions and disputes linked to Ukraine.
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US LNG exports are increasingly bypassing the Panama Canal in favour of Europe, seen as a more attractive market than Asia in terms of pricing, liquidity and logistical reliability.
Indian Oil Corporation has issued a tender for a spot LNG cargo to be delivered in January 2026 to Dahej, as Asian demand weakens and Western restrictions on Russian gas intensify.

McDermott secures EPCIC contract for gas project offshore Brunei

McDermott has secured a major engineering, procurement, construction, installation and commissioning contract for a strategic subsea gas development offshore Brunei, strengthening its presence in the Asia-Pacific region.
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The partnership between Fluor and JGC has handed over LNG Canada's second liquefaction unit, completing the first phase of the major gas project on Canada’s west coast.
Northern Oil and Gas and Infinity Natural Resources invest $1.2bn to acquire Utica gas and infrastructure assets in Ohio, strengthening NOG’s gas profile through vertical integration and high growth potential.

Sanctioned Russian LNG vessel delivers to China’s Beihai port

China has received its first liquefied natural gas shipment from Russia’s Portovaya facility, despite growing international sanctions targeting Russian energy exports.
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Brazil’s natural gas market liberalisation has led to the migration of 13.3 million cubic metres per day, dominated by the ceramics and steel sectors, disrupting the national competitive balance.
Sasol has launched a new gas processing facility in Mozambique to secure fuel supply for the Temane thermal power plant and support the national power grid’s expansion.

Congo LNG reaches 3 mtpa and anchors the strategic gas axis between Eni and Europe

With the addition of Nguya FLNG to Tango, Eni secures 3 mtpa of capacity in Congo, locking in non-Russian volumes for Italy and positioning Brazzaville within the ranks of visible African LNG exporters.
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Japan’s JERA has signed a liquefied natural gas supply contract with India’s Torrent Power for four cargoes annually from 2027, marking a shift in its LNG portfolio toward South Asia.
The merger of TotalEnergies and Repsol’s UK assets into NEO NEXT+ creates a 250,000 barrels of oil equivalent per day operator, repositioning the majors in response to the UK’s fiscal regime and basin decline.