Trending News: Most Gulf Coast Refineries Unaffected by Tropical Storm BerthaCG Power Reports Record Q1 FY27 Revenue and Profit as Order Book Surges 45% to INR 17,333 CroreUS Energy Firms Cut Rigs for First Time in Six Weeks, Says Baker HughesOil Falls on Report China Pushing for End US-Iran WarPERSPECTIVE: Wind and Solar Have an Important Role – But They Are Energy “Diversification”, Not Energy “Transition”Devon Energy Mulls $4 Billion Sale of Eagle Ford, Powder River Assets, Bloomberg News ReportsLONGi Partners with Innoptus and Delft Solar Teams for 2026 American Solar ChallengeAdani Power Reports Record Q1 FY27 EBITDA as Revenue Rises 28%, Advances 45 GW Capacity ExpansionActis Secures IFC, Proparco Investment for Ulug Enerji Grid UpgradesGlobal LNG Giants Target Cambodia as New Energy MarketU.S. Prioritizes Small Nuclear Reactors Across Southeast AsiaChina Rushes to Secure Russian Oil as Middle East Supply Risks EscalateSaudi Crude Tanker Goes Dark to Slip Through Bab el-MandebPakistan Transporters Threaten Nationwide Strike Over Fuel Price HikesHormuz Tanker Crossings Sink to Lowest Level Since May as War Risk SpikesADNOC Issues Seventh Crude Tender Since June Despite Hormuz, Red Sea RisksIndia Scours Angola, Venezuela for Crude as Mideast Supply Dries UpAnalysts Map 4 Potential USA-Iran Conflict ScenariosTrump Pledge on Data Center Power Supplies Draws SkepticismOil Retreats from Above $100, but Set for Weekly Rise on Middle East EscalationFuel Swings Turn US Airline Earnings Forecasts Into Moving TargetsTrump Vows to Punish Iran and Houthis for Attacks in Red SeaTop US Oilfield Services Firm SLB Beats Quarterly Profit EstimatesWEH broadens role with FluidTech rebrandAnalysis: How Mozambique plans to benefit from $50bn LNG pipelineIndian Green Energy Stocks Trade Mixed Amid Weak Broader Market (24 July 2026)Jordan biogas sector raises standards and capacityAukera Energy Secures €48.5 Million IFC Financing For Romania’s Largest Battery Energy Storage Expansionib vogt Begins Commercial Operations at 99 MWp Tantangan Solar Power Plant in the PhilippinesLNG Importers Seek Lower Qatar and UAE Prices as War Upends DealsIndia’s Fuel Exports Set to Soar in July as Refining Margins JumpIndia Targets Five Small Modular Reactors by 2033Oil Tops $100 as Supply Crisis DeepensTrump Threatens Iran After Houthi Tanker AttacksCS PowerTech Opens First U.S. HJT Solar Cell Manufacturing Facility in Indiana, Targeting Over 6 GWp Annual CapacityKumba Signs 63 MW Solar Power Offtake Agreement With Envusa Energy For Sishen Mine In South AfricaEvero bioenergy plant moves to join HyNet carbon capture networkUS imposes tariffs on 60 trading partnersOEUK Hails ‘Constructive Meeting’ with New Energy SecWorley wins EPC contract for UK low carbon power projectTrump Tells Axios he is Considering Restarting Major Combat Operations in IranOil Settles Over $100 as Houthi Attacks Intensify Middle East Supply RisksUS Energy Shares Gain as Houthi Tanker 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Cup Helped Lift US Jet Fuel Demand to Record Last Week, EIA Data ShowsMatador to Buy Paloma Permian for $1.28 Billion, Bolsters Delaware Basin PresenceAir Liquide invests $150m in Idaho semiconductor gas plantPodcast | Decoding deals, diligence and Donald (Trump)DP World to develop two UAE ports to bolster supply chainGreen Energy Shares Witness Sharp Volatility Amid Weak Market Sentiment (23 July 2026)EU to investigate proposed Saipem and Subsea7 mergerIndian Energy Exchange Reports 11.7% Growth in Q1 FY27 Consolidated Profit as Electricity Volumes RiseZecon Awards RM328 Million EPCC Contract For 100 MW Agrivoltaic Solar Project In SarawakUK company to assess Europe’s natural hydrogen potentialEU LNG exemption could preserve Russian shipping route, reports suggestIberdrola Boosts Renewable Energy and Grid Investments to €7 Billion as H1 Adjusted Net Profit Rises 8%MIGA Backs 100 MW Solar Project In Tunisia With €13.05 Million GuaranteeIran War Escalation Threatens Global Fuel Supply RecoveryEurope Heads Into Winter With Its Weakest Gas Cushion In 15 YearsGE Vernova Raises Outlook As AI Power Boom Masks Wind WeaknessEquinor CEO: Europe May Miss Winter Gas Storage GoalBrent Breaks $96 as U.S. Strikes Iran for 12th Consecutive NightTwo Saudi Oil Tankers Targeted as Houthi Blockade Disrupts Red Sea ShippingWaga Energy secures €128m loan to spur biomethane growthZero Point Cryogenics expands into US with Illinois quantum hubMCi Carbon completes low-carbon cement trialHouthis Claim Oil Tanker Attacks in Red SeaTrump Set to Expand Power Cost Pledge on Data CentersSouthern Co Unit Signs 25-Year Power Deal With OpenAIAMERICAN ENERGY SNAPSHOT: A Gas-Price Lever Washington Already HoldsSaudi Arabia, USA sign nuclear agreementsIn pictures: Demolition of Stade reactor building progressesNuclearelectrica’s proposal to review SMR options rejected by ministryEDF extends life of UK’s Heysham 1 and HartlepoolLandmark module installation at Lufeng 2Surging Oil Prices Push Japan’s Import Bill to an Unprecedented HighChina’s Oil Output Hits Record HighEquinor Profit Soars 93% as Oil and Gas Price Spike Fuels WindfallJapan’s Power Prices Soar to 3.5-Year HighOil Jumps Nearly 4% as Houthis Threaten Red Sea BlockadePakistan Scrambles for Oil Alternatives as Hormuz, Red Sea Risks MountOil Price Rise Comes Amid Dissipation of 1 Main AssumptionAir Liquide signs renewable oxygen deal with Indovinya for ethylene oxide productionUS War in Iran Has Cost $37.5 Billion So Far, Pentagon SaysOil Climbs Over 4% to Near Six-Week High as Conflict Threatens Key Oil Transit RoutesTrump Says U.S. Ready to Respond if Houthis Impose Red Sea Blockade
Sun. Jul 26th, 2026
Trending News: Most Gulf Coast Refineries Unaffected by Tropical Storm BerthaCG Power Reports Record Q1 FY27 Revenue and Profit as Order Book Surges 45% to INR 17,333 CroreUS Energy Firms Cut Rigs for First Time in Six Weeks, Says Baker HughesOil Falls on Report China Pushing for End US-Iran WarPERSPECTIVE: Wind and Solar Have an Important Role – But They Are Energy “Diversification”, Not Energy “Transition”Devon Energy Mulls $4 Billion Sale of Eagle Ford, Powder River Assets, Bloomberg News ReportsLONGi Partners with Innoptus and Delft Solar Teams for 2026 American Solar ChallengeAdani Power Reports Record Q1 FY27 EBITDA as Revenue Rises 28%, Advances 45 GW Capacity ExpansionActis Secures IFC, Proparco Investment for Ulug Enerji Grid UpgradesGlobal LNG Giants Target Cambodia as New Energy MarketU.S. Prioritizes Small Nuclear Reactors Across Southeast AsiaChina Rushes to Secure Russian Oil as Middle East Supply Risks EscalateSaudi Crude Tanker Goes Dark to Slip Through Bab el-MandebPakistan Transporters Threaten Nationwide Strike Over Fuel Price HikesHormuz Tanker Crossings Sink to Lowest Level Since May as War Risk SpikesADNOC Issues Seventh Crude Tender Since June Despite Hormuz, Red Sea RisksIndia Scours Angola, Venezuela for Crude as Mideast Supply Dries UpAnalysts Map 4 Potential USA-Iran Conflict ScenariosTrump Pledge on Data Center Power Supplies Draws SkepticismOil Retreats from Above $100, but Set for Weekly Rise on Middle East EscalationFuel Swings Turn US Airline Earnings Forecasts Into Moving TargetsTrump Vows to Punish Iran and Houthis for Attacks in Red SeaTop US Oilfield Services Firm SLB Beats Quarterly Profit EstimatesWEH broadens role with FluidTech rebrandAnalysis: How Mozambique plans to benefit from $50bn LNG pipelineIndian Green Energy Stocks Trade Mixed Amid Weak Broader Market (24 July 2026)Jordan biogas sector raises standards and capacityAukera Energy Secures €48.5 Million IFC Financing For Romania’s Largest Battery Energy Storage Expansionib vogt Begins Commercial Operations at 99 MWp Tantangan Solar Power Plant in the PhilippinesLNG Importers Seek Lower Qatar and UAE Prices as War Upends DealsIndia’s Fuel Exports Set to Soar in July as Refining Margins JumpIndia Targets Five Small Modular Reactors by 2033Oil Tops $100 as Supply Crisis DeepensTrump Threatens Iran After Houthi Tanker AttacksCS PowerTech Opens First U.S. HJT Solar Cell Manufacturing Facility in Indiana, Targeting Over 6 GWp Annual CapacityKumba Signs 63 MW Solar Power Offtake Agreement With Envusa Energy For Sishen Mine In South AfricaEvero bioenergy plant moves to join HyNet carbon capture networkUS imposes tariffs on 60 trading partnersOEUK Hails ‘Constructive Meeting’ with New Energy SecWorley wins EPC contract for UK low carbon power projectTrump Tells Axios he is Considering Restarting Major Combat Operations in IranOil Settles Over $100 as Houthi Attacks Intensify Middle East Supply RisksUS Energy Shares Gain as Houthi Tanker Attacks Push Brent Crude to $100Oil Executives Rush to Complete Contract Migration in Venezuela, Sources SayUS Energy Officials Consider Power Shift in PJM Electric GridRussia stresses long-term nature of nuclear cooperation with ChinaApproval for VVER fuel production in GermanyViewpoint: IAEA’s non-proliferation safeguards and industry’s roleIndia’s Solar Manufacturing Push Backfires as Panel Factories Shut DownEU Concedes to Greek LNG Demand in Russian Sanctions RowTotalEnergies Profit Soars 68% as Oil Price Surge Lifts EarningsChinese Tankers Push Through Bab el-Mandeb Despite Houthi Blockade ThreatsU.S. Refinery Utilization Hits 96.2% as Fuel Markets Tighten WorldwideOil Rockets Towards $100US Says it Reaches Nuclear Power Deal With Saudi ArabiaTrump Administration Considers Putting Nuclear Power Plants in US WatersTRUMP: US Will Attack Iranian Bridge, Power Plant for Every Ship Targeted in HormuzOil Prices Rise for a Fifth Day on Supply Concerns Amid Chokepoint ThreatsSoccer World Cup Helped Lift US Jet Fuel Demand to Record Last Week, EIA Data ShowsMatador to Buy Paloma Permian for $1.28 Billion, Bolsters Delaware Basin PresenceAir Liquide invests $150m in Idaho semiconductor gas plantPodcast | Decoding deals, diligence and Donald (Trump)DP World to develop two UAE ports to bolster supply chainGreen Energy Shares Witness Sharp Volatility Amid Weak Market Sentiment (23 July 2026)EU to investigate proposed Saipem and Subsea7 mergerIndian Energy Exchange Reports 11.7% Growth in Q1 FY27 Consolidated Profit as Electricity Volumes RiseZecon Awards RM328 Million EPCC Contract For 100 MW Agrivoltaic Solar Project In SarawakUK company to assess Europe’s natural hydrogen potentialEU LNG exemption could preserve Russian shipping route, reports suggestIberdrola Boosts Renewable Energy and Grid Investments to €7 Billion as H1 Adjusted Net Profit Rises 8%MIGA Backs 100 MW Solar Project In Tunisia With €13.05 Million GuaranteeIran War Escalation Threatens Global Fuel Supply RecoveryEurope Heads Into Winter With Its Weakest Gas Cushion In 15 YearsGE Vernova Raises Outlook As AI Power Boom Masks Wind WeaknessEquinor CEO: Europe May Miss Winter Gas Storage GoalBrent Breaks $96 as U.S. Strikes Iran for 12th Consecutive NightTwo Saudi Oil Tankers Targeted as Houthi Blockade Disrupts Red Sea ShippingWaga Energy secures €128m loan to spur biomethane growthZero Point Cryogenics expands into US with Illinois quantum hubMCi Carbon completes low-carbon cement trialHouthis Claim Oil Tanker Attacks in Red SeaTrump Set to Expand Power Cost Pledge on Data CentersSouthern Co Unit Signs 25-Year Power Deal With OpenAIAMERICAN ENERGY SNAPSHOT: A Gas-Price Lever Washington Already HoldsSaudi Arabia, USA sign nuclear agreementsIn pictures: Demolition of Stade reactor building progressesNuclearelectrica’s proposal to review SMR options rejected by ministryEDF extends life of UK’s Heysham 1 and HartlepoolLandmark module installation at Lufeng 2Surging Oil Prices Push Japan’s Import Bill to an Unprecedented HighChina’s Oil Output Hits Record HighEquinor Profit Soars 93% as Oil and Gas Price Spike Fuels WindfallJapan’s Power Prices Soar to 3.5-Year HighOil Jumps Nearly 4% as Houthis Threaten Red Sea BlockadePakistan Scrambles for Oil Alternatives as Hormuz, Red Sea Risks MountOil Price Rise Comes Amid Dissipation of 1 Main AssumptionAir Liquide signs renewable oxygen deal with Indovinya for ethylene oxide productionUS War in Iran Has Cost $37.5 Billion So Far, Pentagon SaysOil Climbs Over 4% to Near Six-Week High as Conflict Threatens Key Oil Transit RoutesTrump Says U.S. Ready to Respond if Houthis Impose Red Sea Blockade
Sun. Jul 26th, 2026

Indonesia Signs Swap Deals to Ensure Domestic Gas Supply

Indonesian natural gas producers have signed a multi-party gas swap agreement with Indonesian and Singaporean traders aimed at increasing gas supply security in western Indonesia.

As gas production in Sumatra in western Indonesia is falling, local companies and regulators looks to redirect domestic gas supply to meet local demand while selling overseas gas from other areas.

In a deal signed on Wednesday, Indonesian gas producer Medco Energi Internasional signed a multi-party swap agreement with companies including state energy firm PT Pertamina and Singaporean and Indonesian gas traders Oil Natuna Sea B.V., Star Energy (Kakap) Ltd., Sembcorp Gas Pte Ltd., Gas Supply Pte Ltd., Petrochina International Jabung Ltd., and PT Perusahaan Gas Negara (Persero) Tbk (PGN).

Under the agreement, specific gas volumes will be supplied to Singapore from the West Natuna Supply Group, replacing volumes currently delivered from Corridor Block and Jabung PSC, the so-called South Sumatra Sellers. These redirected volumes will then be allocated to meet domestic gas demand, with PGN serving as the domestic buyer.

“This collaboration demonstrates a strong example of productive synergy between upstream operators, the regulator, partners and buyers in ensuring gas supply across both domestic and international markets,” MedcoEnergi director and chief operating officer, Ronald Gunawan, said in a statement.

Indonesian gas demand is rising, while production at some legacy gas fields is dropping.

The country has started replacing diesel as a fuel in dozens of power plants with LNG, which is set to boost demand for natural gas in one of the world’s top LNG exporters.

Last month, Indonesia awarded five strategic oil and gas blocks to international and domestic players in a bid to reverse its decade-long production decline and bolster energy security.

The awards are part of Indonesia’s broader upstream revival strategy, with nearly 60 additional blocks expected to be offered over the coming years.

“The government hopes these auction winners will be able to contribute to Indonesia’s energy security ahead,” said Tri Winarno, a senior official at the Ministry of Energy and Mineral Resources.

By Charles Kennedy for Oilprice.com

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