Gas

CRC Evans has secured a major contract for Saudi Arabia’s Master Gas III Pipeline Phase 3, delivering welding and construction on a 56-inch, 150-km pipeline. The award strengthens the company’s growing presence in the Middle East and highlights its advanced welding technologies and long-term role in the region’s gas infrastructure buildout.

Golar LNG has closed a $1.2 billion refinancing for its FLNG Gimi vessel, unlocking $400 million in liquidity and securing improved terms for one of the world’s major floating LNG assets. The deal signals strong lender appetite for offshore gas infrastructure amid rising global LNG demand.

Condor Energies has reached total depth on its first horizontal well in Uzbekistan and delivered strong gas flow from two new Jurassic workovers, pushing production to nearly 12,000 boe/d.

Blackstone Energy Transition Partners has approved a $1.2 billion investment to build West Virginia’s first combined-cycle natural gas power plant, a 600-MW facility expected to create 500 construction jobs and meet rising AI-driven electricity demand.

CSV Midstream Solutions has launched its 150 million cubic feet per day Albright gas plant in Alberta—the province’s first new sour gas facility with sulfur recovery in more than 30 years—boosting Montney processing capacity and setting the stage for future projects at Gold Creek and Valhalla.

U.S. natural gas prices climbed 4% to a six-month high as near-record LNG export flows boosted demand and Lower 48 gas output dipped. LNG feedgas reached 17.9 Bcf/d, setting a new record and underscoring strong export-driven pull on U.S. pipeline supply.

The European Union will relaunch its gas demand pooling system to help companies secure non-Russian gas and expand LNG imports. The move aims to diversify supply sources, lower prices, and support the bloc’s plan to phase out all Russian oil and gas imports by 2028.

EnCap Investments has closed a $2 billion continuation vehicle for PennEnergy Resources. The fund will support development of PennEnergy’s Marcellus Shale assets, expand its natural gas inventory, and fund bolt-on growth opportunities in a favorable gas market.

Aramco has completed an $11 billion leaseback deal with a GIP-led consortium for its Jafurah gas processing and NGL facilities. The transaction supports Saudi Arabia’s largest non-associated gas project, expected to start production in late 2025 and expand capacity to 2 Bcf/d of sales gas by 2030.

U.S. natural gas futures rose 4% as forecasts for colder weather lifted demand and LNG export feedgas hit a record 17.4 Bcf/d. Near-record output and strong storage levels kept prices in check, but LNG flows to Gulf Coast terminals continue driving market strength.

Venezuela’s oil ministry said it will ask President Nicolás Maduro to suspend all energy cooperation agreements with Trinidad and Tobago, including joint gas developments such as the 4.2 Tcf Dragon field led by Shell and NGC. The move follows growing political tensions between Caracas and Port of Spain.

Tidewater Midstream has sold its Sylvan Lake gas processing facility and related gathering system to Parallax Energy for $5.5 million. The non-core asset sale will help the Calgary-based company reduce debt and focus on core midstream operations.

Dana Gas and Crescent Petroleum completed the KM250 expansion at Iraq’s Khor Mor field eight months early, boosting gas capacity by 50% to 750 MMscf/d and advancing the Kurdistan region’s clean power goals.

Centuri Holdings has appointed industry veteran Ryan Palazzo as President of U.S. Gas, strengthening leadership as demand for natural gas infrastructure services grows across North America.

Spanish gas grid operator Enagás is in discussions to buy GIC’s 32% stake in France’s Terega, the country’s second-largest gas transmission operator and a partner in the H2Med hydrogen pipeline network linking Spain, France, and Germany.