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News
TotalEnergies Discovers More Offshore Oil in Angola
6+ hour, 2+ min ago (749+ words) TotalEnergies announced a new oil discovery in Block 17 off the coast of Angola. The Acacia-5 find was made in June 2026 and the company expects to achieve first production just three months later through an accelerated development. To achieve this, the…...
Germany Rules Out Intervention in Gas Storage
3+ day, 2+ hour ago (703+ words) The German Government considers that it does not need to intervene in the market to accelerate gas storage before next winter. The Ministry of Economy estimates that available reserves, together with imports via pipelines and liquefied natural gas (LNG) terminals,…...
Yara's carbon capture plant begins operations
3+ day, 7+ hour ago (199+ words) Source: Pipeline & Journal Gas Moises Carrasquero is a mechanical engineer and writer specializing in technology, engineering, and industrial development, with a focus on the advancements that are transforming these sectors. My goal is to turn complex technical information into clear,…...
ExxonMobil to assume operatorship of the Papua LNG project
4+ day, 51+ min ago (771+ words) ExxonMobil will assume operatorship of the Papua LNG project, valued at around US$14 billion, as its partners move toward the Final Investment Decision (FID). The shift puts the US oil major in charge of one of Papua New Guinea’s leading…...
Risk of gas shortages in Germany during the winter
4+ day, 7+ hour ago (432+ words) Temperature trends will be crucial in determining whether available reserves can meet gas demand throughout the heating season, in a mild winter scenario, INES estimates that starting November with reservoirs at 77 % capacity would allow for sufficient seasonal consumption. Under these…...
Santos Increases its Stake in Papua LNG to 21%
5+ day, 2+ hour ago (795+ words) For its part, TotalEnergies agreed to transfer the operation of Papua LNG to ExxonMobil PNG Antelope Limited and partially reduce its stake among the joint venture partners. For Santos, the acquisition will have an approximate price of US$189 million. The…...
China cut crude oil imports 32% in the second quarter
5+ day, 9+ hour ago (722+ words) Electric vehicles are one of the main drivers of this transformation. During the first half of 2026, the Chinese electric fleet avoided the consumption of approximately 36 million tons of oil, according to CREA’s analysis. During the second quarter alone, the displaced…...