The South American country of Guyana has recently emerged as a world-recognized oil-producing nation. This occurred due to ExxonMobil’s string of world-class discoveries in offshore Guyana, starting with the 2015 Liza-1 wildcat well, drilled 118 miles northeast of the capital, Georgetown, in the 6.6 million-acre Stabroek Block.
Global refining is at a crossroads, as shifting regional demand, mounting sustainability pressures and heightened energy security concerns reshape the industry. Rystad Energy’s research shows that even though there are fewer refineries today, overall refining capacity has grown to keep up with the rising volume of oil that needs processing.
The Barents Sea oilfield, Norway’s northernmost, reached peak production less than three months after start-up, with oil cargoes worth up to USD 46 million departing every few days. Norwegian suppliers provide 95% of operational deliveries.
Cheniere Energy, Inc. subsidiary Cheniere Marketing LLC has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement with JERA Co. Inc.
Valmet has signed a nationwide agreement with Petrobras (Petróleo Brasileiro S.A.) for the supply of spare parts of Neles™ valves, actuators, and positioners across all Petrobras operational units, including oil and natural gas exploration, production, refining, commercialization, and power generation.
Vantage Drilling International Ltd. has completed its sale of the Tungsten Explorer to TEVA Ship Charter LLC, the joint venture entity owned 25% by Vantage Drilling and 75% by TotalEnergies.
Lime Petroleum AS (LPA) has published a production update on the Brage and Yme fields, located in the Norwegian North Sea. According to LPA, for the full month of July 2025, production at the Brage and Yme Fields combined was 11,941 barrels of oil equivalent per day (boed).
Argent LNG is planning to unveil at Gastech 2025 an innovative new site layout for its flagship 25 million tonnes per annum (MMtpa) export terminal — launching the first phase of development across an expanded 900 acres at Port Fourchon on the Gulf of America/Gulf of Mexico.
The U.S. LNG export boom, strongly supported by the Trump Administration, could be undermined by separate trade rules proposed by the very same administration, which looks to revive America’s shipbuilding to counter China’s dominance.
In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.