OPEC+ has decided to raise its crude oil production target by 206,000 barrels per day (bpd) for April, a modest increase which comes as the Middle East faces one of its most severe escalations in years. The move, announced over the weekend, reflects a complex balancing act as producers weigh…

Japan’s liquefied natural gas (LNG) resales surged to record levels in fiscal year 2024 as domestic demand continued to fall, underscoring the country’s transformation from one of the world’s largest LNG consumers into an increasingly dominant trader in international gas markets. According to the latest survey by the Japan Organisation…

A rethink of the European Union’s (EU) Arctic policy could help keep Norway’s Barents Sea gas in play well into the 2030s, supporting Europe’s transition with a nearby, lower-emission supply option as its dependency on the global liquefied natural gas (LNG) market deepens, according to new research from Rystad Energy.…

Bass Oil has secured a AU$3.5 million grant from the South Australian government to connect and bring on line the Kiwi gas field. The grant was part of the South Australian government’s Gas Incentive Grant program aimed at boosting the state’s gas supplies. The grant is targeting projects that can…

Woodside Energy has reported a 24 per cent drop in full-year profit despite achieving record production of 198.8 million barrels of oil equivalent (MMboe) as weaker realised prices offset strong production. The company reported net profit of US$2.72 billion for the full-year ending December 31, 2025, down 24 per cent…

Woodside Energy has reported record annual production for 2025, even as lower commodity prices weighed on profit, and pledged to ramp up a suite of LNG, oil and ammonia projects while maintaining strong shareholder returns. The company produced 198.8 million barrels of oil equivalent (MMboe), or 545 Mboe/day, for the…

APA Group has committed AU$480 million to the expansion of its east coast gas grid, which will add 30 per cent additional transport capacity. The stage three expansion includes an investment of AU$260 million to increase north to south capacity, supplying essential Australian gas to southern markets for winter 2028.…

US President Donald Trump has rescinded a cornerstone environmental ruling from the Barack Obama administration, dismantling a key component of America’s federal climate policy. The move, announced alongside Environmental Protection Agency (EPA) Administrator Lee Zeldin, abolishes the 2009 “endangerment finding” that identified greenhouse gases (GHGs) as a threat to public…