Shell Forecasts Higher Upstream Output in Q3 2025

• Tuesday, 7th October 2025
• by Fatma Ahmed

Shell projects upstream production of 1.79 to 1.89 million barrels of oil equivalent per day (mmboe/d) in the third quarter (Q3) of 2025, up from 1.73 mmboe/d recorded in the second quarter (Q2) 2025, according to a statement by the company. The company also expects liquefied natural gas (LNG) volumes to reach 7 to 7.4 million metric tons in Q3, compared to 6.7 million metric tons in Q2.

Integrated gas production is forecast at 910,000 to 950,000 barrels of oil equivalent per day (boe/d) in Q3, relatively flat compared to 913,000 boe/d in Q2. Trading is expected to be significantly higher than Q2 2025, though adjusted earnings will reflect losses of $0.2 to $0.4 billion due to rebalancing of participation interests in Brazil following the redetermination proposal for the Tupi field.

Eni Resumes Drilling in Offshore Libyan Block After Five-Year Hiatus

• Monday, 6th October 2025
• by Fatma Ahmed

Eni North Africa has resumed offshore exploration operations in Block 16/4, northwest of Libya, after more than five years of suspension. Eni North Africa is a regional subsidiary of the Italian energy giant Eni, and it is responsible for managing the company's oil and gas operations in North African countries, with a major focus on Libya. The company is re-entering the C1-16/4 exploratory well, also known as BESS-3, using Saipem's Scarabeo-9 rig to complete drilling to its planned final depth of 10,520 feet (3,200 meters).

OPEC+ to Increase Oil Output by137,000 bbl/d in November, Amid Steady Global Market Conditions

• Monday, 6th October 2025
• by Fatma Ahmed

Eight OPEC+ member countries—Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman—have agreed to raise oil output by 137,000 barrels per day (bbl/d) in  November 2025. The Group increased output targets by more than 2.7 million barrels per day (mmbbl/d) this year.

In a virtual meeting held on October 5, the group cited a steady global economic outlook and healthy inventory levels as reasons for the adjustment. The November decision maintains the same modest monthly increase of 137,000 bbl/d that was implemented in October.

Eni Develops Coral North FLNG Project Offshore Mozambique

• Sunday, 5th October 2025
• by Fatma Ahmed

Eni and its partners China National Petroleum Corporation (CNPC), ENH, Kogas, and XRG have announced the Final Investment Decision (FID) for the Coral North Floating Liquefied Natural Gas (FLNG) project, located offshore in Cabo Delgado, northern Mozambique.

Fertiglobe Expands in Asia-Pacific, Acquires Australian Fertilizer Distributor

• Thursday, 2nd October 2025
• by Fatma Ahmed

Fertiglobe, the world’s largest seaborne exporter of urea and ammonia in the Middle East and North Africa (MENA), region, announced the completion of acquiring the distribution assets of Wengfu Australia Pty Ltd. through an asset sale and purchase agreement (SPA), strengthening its downstream reach and enhancing supply access for Australian customers.

TotalEnergies Sells Interests in Mature Norwegian Offshore Fields

• Wednesday, 1st October 2025
• by Fatma Ahmed

TotalEnergies, a multinational integrated energy and petroleum company, has reached an agreement to sell its interests in the West Ekofisk, Albuskjell, and Tommeliten Gamma fields’ offshore Norway. The deal is to be completed in Q4 2025.

KKR Acquires Minority Stake in ADNOC Gas Pipeline Assets

• Wednesday, 1st October 2025
• by Fatma Ahmed

KKR, a leading global investment firm, has acquired a minority stake in ADNOC Gas Pipeline Assets LLC, deepening its partnership with the Abu Dhabi National Oil Company (ADNOC) and reinforcing its growth strategy in the Middle East.

TotalEnergies Acquires 49% Stake in US Natural Gas Company

• Tuesday, 30th September 2025
• by Fatma Ahmed

TotalEnergies, a global integrated energy company, has entered an agreement with Continental Resources, a major American Petroleum and gas company, to acquire a 49% stake in natural gas assets operated by Continental in the Anadarko Basin, Oklahoma. This acquisition of low-cost, long-life assets strategically connected to the Henry Hub, aims to reinforce TotalEnergies’ position across the US Liquefied Natural Gas (LNG) value chain.

bp Greenlights $5 Billion Tiber-Guadalupe Project in US Gulf

• Tuesday, 30th September 2025
• by Fatma Ahmed

bp, one of the world's largest integrated oil companies, has made a final investment decision (FID) regarding its $5 billion Tiber-Guadalupe development project in the US Gulf of Mexico. The project marks the company’s second new offshore production platform approved in less than two years, bp said in a statement.

OPEC+ Set to Hike Output by 137,000 B/D in November

• Monday, 29th September 2025
• by Fatma Ahmed

OPEC+ is expected to approve another production hike of at least 137,000 barrels per day (b/d), at its upcoming meeting on Sunday, three sources familiar with the discussions told Reuters. The move comes as higher oil prices encourage the group to continue regaining market share.