Venezuelan crude production is expected to rise gradually following the U.S. strike and capture of President Nicolas Maduro, a development that could add to global oil supply and weigh on prices over the longer term.
India has directed its oil refiners to submit weekly disclosures of crude oil purchases from Russia and the United States, a first-of-its-kind move intended to provide the Prime Minister’s Office with verified data for ongoing trade negotiations with Washington, sources familiar with the matter told Reuters. Issued through the Petroleum Planning and Analysis Cell (PPAC), the mandate aims to replace third-party estimates with official figures, thereby easing diplomatic friction over India’s energy sourcing.
Woodside Energy has signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with Türkiye’s BOTAŞ for the supply of around 5.8 billion cubic meters (bcm) of natural gas equivalent, or approximately 0.5 million tons per year (mmt/y) of LNG, for a period of up to nine years starting in 2030.
Turkey has received $9 billion in new financing from Russia for the construction of the Akkuyu nuclear power plant, said Alparslan Bayraktar Minister of Energy and Natural Resources, as the country now expects the long-delayed project to become operational in 2026.
Russia’s Gazprom has transported 38.8 billion cubic meters (bcm) of natural gas to China through the Power of Siberia pipeline in 2025, surpassing its planned annual capacity. The achievement marks a significant milestone in the energy partnership between the two nations, with delivery volumes exceeding the previously established contractual targets for the year, according to Reuters.
PETRONAS, the Malaysian energy major, has signed a long-term liquefied natural gas (LNG) Sale and Purchase Agreement with CNOOC Gas and Power Singapore Trading & Marketing, a subsidiary of China National Offshore Oil Company (CNOOC), to supply 1.0 million tons per annum (MTPA) of LNG.
Eni has been confirmed as a Premium Partner of the Milano Cortina 2026 Olympic and Paralympic Winter Games, supporting the major Italian sporting event through a range of sustainability-driven initiatives aimed at reducing greenhouse gas (GHG) emissions. As part of its long-term strategy to achieve carbon neutrality by 2050, Eni is leveraging its decarbonization expertise, technologies and products to support the Games’ energy needs. Through its subsidiary Enilive, the company will supply renewable-based energy carriers, with more than 90% of the fuels used to power the Games derived from renewable feedstocks.
Global technology company SLB has secured a five-year contract from Aramco to provide stimulation services across the Saudi giant’s unconventional gas fields, supporting a multi‑billion‑dollar development program, according to a press release by SLB.
Iraq's Nasiriyah and Gharraf natural gas field investment project has entered an advanced implementation stage, with specialized equipment now fully delivered and on-site installation set to begin, according to a statement by the Ministry of Oil. The project is being developed in cooperation with US US-based energy services company, Baker Hughes, in line with directives from Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani Al-Sawad.
Russia’s pipeline gas shipments to China are set to increase by about 25% this year, according to a source familiar with the data, as Moscow continues to pivot its energy exports toward Asia and deepen ties with the world’s largest energy consumer.
