LNG

Brazil’s state oil company Petrobras is in negotiations with Singapore-based shipbuilder Seatrium on ways to liquefy and export gas produced in Brazil’s giant deepwater Atlantic pre-salt fields, catering to rising demand from gas-fired power generators across Asia in a tight market.

Woodside Energy has achieved first gas from its Scarborough reservoir offshore Western Australia, feeding the Pluto LNG terminal, with the first cargo from Train 2 targeted for export in the fourth quarter of 2026.

Woodside is considering using its pre-emptive rights to veto Inpex’s farm-in to the Browse joint venture, as this move threatens to undermine feedgas supply for its North-West Shelf LNG export terminal. The deal is seen as a catalyst to shift Browse gas production away from the NWS LNG hub towards Inpex’s Ichthys LNG train in Darwin.

A review of the EU’s Arctic policy running through March 16, 2026, places fresh emphasis on gas from Norway’s Barents Sea which could lower Europe’s reliance on LNG imports. The resource base is substantial: The parts of the Barents Sea already open to exploration, according to Norwegian Offshore Directorate estimates, hold around 3.5 billion barrels of oil equivalent (boe) of natural gas, or about 22 trillion cubic feet.

US oil giant Chevron has taken a final investment decision (FID) to expand gas production at the Leviathan field in Israel in a bid to boost gas supplies to neighbouring Egypt, which exports LNG to European buyers.

Chevron Australia and its partners in the Gorgon Joint Venture – ExxonMobil and Shell – have taken a Final Investment Decision (FID) on Gorgon Phase-3 off the West Australian coast.

Woodside Energy and the East Timor government have agreed to use feedgas from the Greater Sunrise field for a proposed greenfield LNG terminal. Start-up is targeted as early as 2032 to 2035, subject to concept selection and investment decisions.

Saudi Aramco is preparing to tap the giant Jafurah shale gas basin in a bid to reduce oil dependence, positioning the Kingdom as a potential LNG exporter. Aramco CEO Amin Nasser singled out the field’s “huge” growth potential, though analysts doubt the Saudi gas market can absorb all the extra supply.

First gas received at Santos’ BW Opal floating production storage and offloading (FPSO) vessel puts the Australian major on track with the Darwin LNG project, CEO Kevin Gallagher said. Situated off Darwin, Northern Territories, the FSPO receives gas from the Barossa gas wells.

AI-powered analysis of oil and gas field performance shows existing fields are far from exhausted. Better recovery from producing fields could yield an additional 470 billion to over 1,000 billion barrels, along with associated gas, Wood Mackenzie explains.