Eni and XRG have each agreed to acquire a 32% interest in three upstream blocks in Argentina’s Vaca Muerta shale, joining operator YPF in advancing the integrated Argentina LNG project. The agreements cover the Meseta Buena Esperanza, Aguada Villanueva and Las Tacanas blocks. Upon completion, which remains subject to regulatory approvals, YPF will retain a 36% interest while Eni and XRG will […]
Baker Hughes has secured a 13-year lifecycle services agreement with Nigeria LNG (NLNG) to support turbomachinery operations at the company’s Train 7 expansion project on Bonny Island. The agreement extends a more than 20-year relationship between the companies and will provide long-term support for equipment installed as part of the expansion, which is expected to increase the plant’s […]
Vitol and IRH Global Trading Ltd., a subsidiary of International Resources Holding (IRH), have executed a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA), formalizing a long-term supply arrangement first announced in November 2025.
Natural gas markets are on course to return to balance in the third quarter of the year as the Strait of Hormuz reopens, the head of the Gas Exporting Countries Forum has said.
Qatar said it doesn’t expect liquefied natural gas exports to be impacted by an explosion at the Ras Laffan industrial complex which left 13 dead and 66 injured. Production has been halted at the world’s largest LNG facility since the first week of the war after an Iranian attack, triggering cancellations. The Ras Laffan complex […]
The Republic of Congo is advancing a series of LNG, deepwater and brownfield development projects as operators expand production and policymakers pursue reforms aimed at attracting additional upstream investment. The country is targeting continued growth in both oil and natural gas production, supported by major developments led by Eni, TotalEnergies, Trident Energy and local operator Ammat Global Resources. Natural gas has emerged […]
Qatar is calling back empty LNG carriers in preparation for the restart of exports despite ongoing repairs at the Ras Laffan complex, and an explosion that rocked the facility on Sunday. Three carriers for liquefied gas owned by QatarEnergy are heading towards the entrance to the Strait of Hormuz from the Gulf of Oman, Bloomberg reported, citing shipping […]
Venture Global Inc and Atlantic-See LNG Trade SA, formed last year by Greek companies Aktor Group and DEPA Commercial SMSA, have amended their agreement to allow the delivery of 1 million metric tons per annum (MMtpa) of United States liquefied natural gas (LNG) to Greece.
A liquefied natural gas tanker has headed for the Strait of Hormuz, following an announcement by President Trump that he had struck a deal with Iran for the reopening of the chokepoint. Itan confirmed the preliminary agreement.
ADNOC said it is exploring opportunities in Canada’s upstream and LNG sectors through XRG, its international investment arm, Reuters reported on Tuesday.