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 |  July 7, 2025
ADM Investor Services said the move indicates “a willingness on the group’s part to accept lower prices for larger market share and to put pressure on US production.”
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Photo from Equinor
Troll C platform, North Sea
Rendering from Venture Global LNG
Venture Global CP2 LNG plant rendering
Photo from The Dow Chemical Co.
Dow, Böhlen, Germany
File photo from Viaro Energy
Clipper development UK North Sea
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Aug. 7, 2025
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June 25, 2025
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July 22, 2025
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Oil & Gas Journal ReEnterprised

General Interest

Map from Riley Exploration Permian Inc. May 2025 investor presentation
Riley Permian, Silverback Permian asset map
The deal, agreed to in May, adds 5,000 boe/d of total equivalent production and over 300 gross undeveloped locations for $142 million in cash.
July 2, 2025
Photo from Beacon Offshore Energy LLC
Beacon Offshore Shenandoah FPS
The Shenandoah FPS is in the final stages of hook-up and is expected to begin producing oil later this summer.
July 1, 2025
Wood Mackenzie
woodmac_rng
The North American renewable natural gas (RNG) market has grown 35% since 2023 and added an all-time high 139 MMcfd of production in 2024.
June 27, 2025
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offshore rig
BOEM set both shallow- and deepwater royalty rates at 16.66%, a reduction from the agency’s last Gulf lease sale in 2023.
June 25, 2025

Refining & Processing

Photo from Saudi Arabia Basic Industries Corp.
SABIC Olefins 6 cracker furnaces
Saudi Arabia Basic Industries Corp. is ceasing operation of its main olefins production unit at SABIC UK Petrochemicals Ltd.’s Teesside petrochemicals complex in Wilton, UK.
July 3, 2025
Photo from Eni SPA.
Eni SPA's Venice biorefinery
Saipem will deliver engineering, procurement, and construction services for Eni's project, which aims to boost the biorefinery’s current production capacity to 600,000 tpy, the...
June 24, 2025
Photo from Ecopetrol SA.
Ecopetrol's Barrancabermeja refinery, Colombia
Wood will deliver detailed engineering design for associated upgrades as part of Ecopetrol’s a project designed to improve the refinery’s quality of gasoline production, as well...
June 20, 2025
Photo from Petróleo Brasileiro SA.
Petrobras RNEST refinery
Under three separate contracts finalized as of June 16, Consag Engenharia will resume and complete construction of three new units included as part of Petrobras’ plan to add a...
June 17, 2025

Drilling & Production

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ocean
Exploration wells 34/8-20 S and 34/8-20 A, both in production license 554 E, will be drilled by the COSLInnovator semisubmersible drilling rig.
July 9, 2025
Photo from ExxonMobil
Banyu Urip field in Bojonegoro, East Java, Indonesia
Initial production from the Cepu block project, completed 10 months ahead of schedule and virtually inaugurated by Indonesian President Prabowo Subianto, adds up to 30,000 b/d...
June 30, 2025
Illustration from Shell plc.
Illustration of Ormen Lange subsea compression station layout.
Two new subsea compressors have been installed on the seabed offshore Norway. The aim is to increase the amount of gas recovered from the field to 85% from 75%.
June 30, 2025
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At recent conferences, two industry leaders shared differing perspectives on the idea of peak shale production. Share your thoughts!
June 26, 2025

Exploration & Development

Photo from bp PLC
bp Libya signing
The provisional agreement centered around Libya’s Sirte basin also includes exploration potential of adjacent areas with an aim of understanding the “wider unconventional oil ...
July 8, 2025
Photo from OMV Petrom | anamaria dinulescu
OMV Petrom headquarters.
Well tests proved a production potential of 180,000 cu m/d of natural gas and 25 cu m/d of condensate for a total of 1,300 boe/day from the discovery well.
July 3, 2025
Illustration from Equinor Energy AS
Johan Sverdrup development illustration
The newly sanctioned project aims to increase recoverable volumes at the oil field offshore Norway by 40-50 MMboe through the installation of new subsea infrastructure.
July 1, 2025
Equinor discovery map
Oil was proven in a new segment called the Tubåen formation 1,769 m below the Norwegian continental shelf seabed in 345 m of water.
June 30, 2025

Pipelines & Transportation

Photo from LNG Canada
LNG Canada first cargo
The cargo is destined for global markets, marking the start of operations at Canada’s first large-scale LNG export plant.
July 1, 2025
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100249120__piotr_adamowicz__dreamstime
The commission can authorize natural gas project construction even in the face of ongoing legal challenges under new orders issued June 18. FERC also expanded the number of natural...
June 20, 2025
Photo from Cheniere Energy Inc. 1Q25 investor presentation
Cheniere LNG operations
JERA Co. Inc. finalized 20-year agreements with US operators, announced from the US Department of Energy headquarters in Washington, DC, June 11.
June 12, 2025
Illustration from Venture Global LNG
Proposed Delta LNG project illustration
In a letter to FERC June 10, the company said, “pursuing the Delta LNG project at this particular time would not be the best use of its corporate resources or the resources of...
June 11, 2025