Santos reports strong business performance - to shed 10% of workforce
Australian oil and gas producer, Santos is to slash its workforce by around 10%, to rightsize the company, despite reporting a strong business performance for 2025.
Babcock’s LGE celebrates milestone order
Babcock’s LGE business, a supplier of LNG solutions, has secured its 150th contract for its ecoSMRT® LNG reliquefaction system.
The latest orders include the larger 2.5 tonnes‑per‑hour ecoSMRT® unit, reflecting the increasing demand for higher‑capacity reliquefaction solutions.
Since its launch less than six years ago, ecoSMRT® has become the market-leading solution for LNG boil-off gas (BOG) reliquefaction, offering shipowners and operators unmatched efficiency, reliability, and environmental performance, the company claimed.
The 150th order, placed by a South Korean shipyard, underscores the ongoing global demand for sustainable and high-performance LNG technologies.
ecoSMRT® continues to play a key role in helping shipowners meet stringent charter reliquefaction targets, whilst simultaneously maximising energy efficiency.
The system is now installed across a diverse fleet of LNGCs, with more than 25 separate shipowners supporting a wide range of energy majors.
Vitol joins South African LNG project
Global commodity trader, Vitol is backing a consortium planning to build a $3 bill gas-fired power station and LNG import facility at Durban.
Mukran LNG terminal open for business despite heavy sea ice
German independent gas terminal operator, Deutsche ReGas has claimed that its Mukran Deutsche Ostsee terminal is fully operational, despite the current challenging weather conditions, blocking the entrance channel.
Chevron joins Greek effort to explore offshore blocks
Greek energy company, HelleniQ Energy in co-operation with US energy giant, Chevron, has signed lease agreements with the Hellenic Republic for the exploration of four offshore blocks located south of Crete and the Peloponnese.
Türkiye’s TPAO to pool resources with bp
UK energy major bp has signed an agreement with Türkiye‘s national oil and gas giant, Türkiye Petrolleri (TPAO), to pool their resources in oil and gas exploration and production.
Enagas swings back to profit
Spanish gas grid operator, Enagas has surpassed its financial targets for 2025, revealing a €339.1 mill profit.
The profit was helped by asset sales, an upward revision of the amount it was awarded in an arbitration case on a Peruvian investment and cost controls.
Last year’s profit compares with a net loss of €299.3 mill in 2024, which was due to a capital hit related to the sale of a US asset.
Enagas also said it expected a lower profit this year of €235 mill.
EBITDA is expected to be €620 mill this year, compared with €675.7 mill for 2025, the company added.
Iraq to receive first LNG cargo this year
Suffering an energy crisis, Iraq is to receive its first LNG cargo this year.
Aramco agrees Commonwealth LNG offtake
Through its subsidiary, Commonwealth LNG, US LNG and natural gas development company, Caturus, has signed a sale and purchase agreement (SPA) with Aramco Trading, an affiliate of the Saudi Arabian energy giant.
JERA finalises Haynesville purchase
JERA Americas, a subsidiary of Japanese energy importer JERA, has finalised the previously announced agreement with Williams and GEP Haynesville II, to acquire 100% of their respective interests in the South Mansfield upstream asset located in the Haynesville Shale basin in western Louisiana.
