Australia’s 3D Energi has confirmed a new gas discovery at the Essington-1 well in the offshore Otway Basin—part of the first major offshore exploration push in eastern Australia in nearly a decade. With Bass Strait declines accelerating, the find could support future supply and midstream infrastructure needs.
ADNOC Gas has signed a $4 billion, 20-year natural gas supply agreement with EMSTEEL, securing stable lower-carbon gas for the UAE’s growing industrial sector. The long-term contract bolsters ADNOC Gas’ revenue base and underscores its role in supporting national manufacturing and energy-transition goals.
Equinor is assessing whether to participate in Germany’s major gas-fired power plant expansion, a move that could deepen its role in Europe’s evolving gas-to-power market. The company says more clarity is needed on project economics and tender details.
Europe’s benchmark TTF natural gas price fell below €30/MWh for the first time since May 2024, pressured by warmer-than-normal weather forecasts and ongoing U.S.–Ukraine peace talks. While LNG supply remains strong, analysts say falling storage levels could limit further downside.
UGI delivered record adjusted earnings for fiscal 2025, though midstream results were weighed down by lower gathering and processing margins. The company issued fiscal 2026 guidance and noted continued investment in its energy infrastructure portfolio.
Equinor has signed a 10-year agreement to supply pipeline natural gas to the Czech Republic through 2035, expanding its long-term European contracts and reinforcing regional energy security.
BP has shut down the full 400-mile Olympic Pipeline system after a product leak triggered repeated shutdowns and inspections near Everett, Washington. Crews have begun excavating the affected segment, with no timeline yet announced for repairs or restart.
Natural gas production growth, stable contract structures and long-term LNG trends continue to reinforce midstream resilience heading into 2025, despite broader market volatility and crude-driven uncertainty.
Aramco has selected Baker Hughes’ Cordant APM suite for deployment across four Saudi gas compression stations as part of the Master Gas System expansion. The digital tools aim to improve reliability, reduce downtime and support the Kingdom’s push toward lower-emission gas operations.
U.S. natural gas futures rose 4% as LNG feedgas flows hit near-record levels and forecasts show a colder-than-normal start to December.
The $500 million expansion will raise Enbridge’s U.S. working storage to 121 Bcf and deepen its connections to all operating Gulf Coast LNG export terminals.
Emergency crews in Russia’s Omsk region contained a fire on an underground gas pipeline after an incident occurred during repair work, authorities said. No injuries or threats to nearby communities were reported as investigators review the cause.
Refinery closures in California are creating a nearly 280,000 bpd supply shortfall, triggering a three-way race among pipeline operators to deliver new fuel capacity to the West Coast. With limited connectivity and high price risk, only one project is likely to advance to construction.
Greenview Energy and Sparq Renewables are partnering with Reno County, Kansas, to convert landfill methane into pipeline-quality renewable natural gas, supplying the local utility network and generating long-term community revenue.
Bridger Pipeline will acquire 210 miles of Caliber Midstream crude oil and natural gas assets in North Dakota’s Williston Basin, expanding its gathering footprint and boosting Bakken takeaway capacity. The deal is expected to close in early 2026.
You can change it with picker below or later using the switch located in the footer.
