- Crude Oil (WTI) 106.03 USD/bbl 4.55%
- Crude Oil (Brent) 108.81 USD/bbl 1.82%
- NYMEX Natural Gas 2.91 USD/MMBtu 0.69%
- OPEC Basket Price 123.11 USD/bbl 5.58%
SGC
ADNOC’s XRG Finalizes Acquisition of 12.5% Stake in Azerbaijan’s Southern Gas Corridor
XRG, the international energy investment platform wholly owned by Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of a 12.5% stake in Azerbaijan’s Southern Gas Corridor CJSC (SGC) from the country’s Ministry of Economy after securing the required regulatory approvals. The transaction strengthens XRG’s position across the Caspian gas value chain by combining its upstream interests in Azerbaijan and Turkmenistan with strategic gas-export infrastructure connecting Caspian resources to Türkiye and European markets.
LNG Supply deal
Venture Global Signs 20-Year LNG Supply Deal With China Gas
Venture Global will supply China Gas with 0.5 MTPA of US LNG under a 20-year agreement starting in 2030.
ARLANXEO
Saudi Aramco Considers Arlanxeo Sale as Part of $35 Bn Asset Plan
Saudi Aramco is considering selling specialty chemicals company Arlanxeo as the Saudi energy company seeks to raise funds through an asset divestment plan worth as much as $35 billion, according to Bloomberg.
Oil
Trump Eyes Venezuela‑Style Scenario for Iran Oil
Trump said the United States could remain in Iran and retain access to its oil, while reiterating that he expects the war to end by the end of 2026.
export
Saudi East-West Pipeline Closure Puts 4% of Global Oil at Risk
Saudi Arabia could face an oil export shortfall within days if its East-West pipeline remains shut following drone attacks, putting up to 4% of global supply at risk.
LNG market
ExxonMobil: US to Capture 30% of Global LNG Market by 2030
The United States (US) could account for around 30% of the global liquefied natural gas (LNG) market by 2030, as expanding natural gas production supports higher exports, according to Peter Clarke, Senior Vice President of LNG at ExxonMobil Upstream. Speaking at an energy forum in Bangkok on September 14, Clarke said the US has emerged as a major LNG supplier, supported by North America's position as one of the world's largest natural gas-producing regions.
Phosphate
MRMIA Announces Bidding Deadlines for Eight Mineral Blocks
The Mineral Resources and Mining Industries Authority (MRMIA) has revealed the closing dates for bidding on a number of the available blocks including gold, Kaoline, and phosphate.
West Qurna 2 oilfield
Chevron to Provide Technical Consultancy for Iraq’s West Qurna-2 Field
Iraq’s Ministry of Oil has signed an agreement with Chevron to provide technical consultancy to the Basra Oil Company during negotiations over the development of the West Qurna-2 oilfield.
