Wednesday, 16 September 2026

Kistos plans to halt production at the Q10-A gas field in the Dutch North Sea by the end of 2027, according to Offshore Magazine. The operator has already awarded contracts covering well abandonment and platform removal.

Output from Q10-A averaged 1,200 boe/d net to Kistos in the first half of this year, Offshore Magazine reported.

A rig has been contracted for well plug-and-abandonment work, and a heavy-lift vessel has been booked to remove the Q10-A platform jacket. Offshore decommissioning is scheduled to begin in 2028.

On the Norwegian side of Kistos's portfolio, drilling of the Balder Phase VI trilateral well has started, with first oil expected in December, per Offshore Magazine.

The partners sanctioned the Balder Next New Wells project in June. The project will tie seven new wells in the southern Balder Field back to the Jotun FPSO, with first production expected by the end of 2027.

US diesel prices reached record highs on Tuesday, with executives warning that a monthslong squeeze in oil markets was moving into its sharpest phase, according to Semafor Net Zero.

Chevron's chief executive said commercial and strategic oil stockpiles are running low and that the buffers that had been mitigating price and supply risk "have largely now played out," Semafor reported.

The supply strain deepened after Saudi Arabia canceled some oil shipments to Europe on Tuesday, pushing importers to seek alternatives, per Semafor. The kingdom said its East-West pipeline, taken offline after a drone attack, could remain down for weeks.

The White House characterized the high prices as a "temporary disruption," according to Semafor.

Gastech 2026 opened on September 14, 2026 at the Bangkok International Trade & Exhibition Centre, drawing more than 50,000 attendees from over 150 countries, according to the event organizers. The conference runs through September 17, marking Gastech's return to Thailand for the first time in 18 years and its 54th edition.

Thailand's Energy Minister Akanat Promphan used the opening to invite international partners into the country's 26th petroleum bidding round and confirmed that the Arthit carbon capture and storage pilot has reached final investment decision.

The minister said Thailand currently holds 19 million tonnes of LNG import capacity and is working to expand this to 27 million tonnes to meet the region's growing energy needs.

Organizers said the event is hosting more than 20 ministers from Asia, Europe, Africa and the Middle East, alongside chief executives from Shell, Chevron, ExxonMobil, EGAT, PTT, Gulf, Petronas, TotalEnergies and INPEX. The programme features more than 800 exhibitors and more than 800 speakers.

Ksi Lisims LNG has signed a Heads of Agreement with Santos covering the sale and purchase of 1 million tonnes per annum of liquefied natural gas over a 20-year term, according to Natural Resources Canada.

The Canadian department said the Santos contract is the third international offtake agreement the project has concluded in 2026, after earlier deals with Germany-based Uniper and SEFE.

Natural Resources Canada projects Ksi Lisims LNG will rank among the world's lowest-emission LNG operations, with emissions 94% below the global average.

The project received approval under Canada and British Columbia's One Project, One Review model in September 2025 and was referred to the federal Major Projects Office (MPO) in November 2025, according to the department.

Natural Resources Canada framed the deal within a wider export shift, stating that Canada aims to move from less than 0.01% of natural gas exports going to non-U.S. markets in 2024 to an estimated 55% by the early- to mid-2030s.

The U.S. dollar traded near a two-week high as a jump in oil prices pushed Treasury yields up and hardened expectations of a Federal Reserve interest-rate increase, Dunya News reported. The dollar index stood at 99.55.

Crude climbed to USD 107 a barrel, hovering close to a four-month peak, after Yemen's Iran-aligned Houthis attacked Saudi Arabia and Gulf-Iran talks were postponed, according to Dunya News.

Rate-hike pricing tightened alongside the move in crude. CME's FedWatch tool showed roughly a 93% probability of a Fed rate increase, Economy Middle East reported.

Santos has entered two separate non-binding LNG agreements aimed at expanding its supply position into Asia-Pacific markets, the company said in a statement carried by Euro-Petrole.

One of the deals is a non-binding Heads of Agreement with Western LNG to buy roughly one million tonnes of LNG per year from the proposed Ksi Lisims LNG project in Canada, according to Euro-Petrole. The term runs up to 20 years, with deliveries starting from approximately 2031.

Santos framed the agreements as reinforcement of its role as a supplier of flexible energy to customers across the Asia-Pacific region. Neither agreement is binding at this stage.

Chevron is pursuing an expansion of its global liquefied natural gas portfolio, citing energy-security concerns that are pushing buyers toward more diversified and reliable supplies, according to a Yahoo Finance report.

The company is targeting growth in Argentina, the East Mediterranean, Australia and Africa, and is also pursuing potential deals with emerging markets including India, the report said.

Chevron expects to have about 20 million tonnes per year of LNG supply capacity, comprising 16 million tonnes of net gas production from its own projects and a further 4 million tonnes contracted from the U.S. Gulf Coast.

The company links the strategy to recent market disruptions. Chevron says the Russia-Ukraine war and the Iran conflict have exposed the risks of relying on a narrow set of gas suppliers, reinforcing the case for diversity in both supply sources and contracting structures.

Bangladesh's total gas supply climbed to 2,610 million cubic feet per day (mmcfd) as the two floating LNG terminals at Moheshkhali lifted output, according to The Financial Express citing Petrobangla data.

Regasified LNG (RLNG) accounted for 990 mmcfd of the total at Tuesday noon, with domestic fields contributing 1,620 mmcfd.

The two Moheshkhali terminals have a combined capacity of around 1,100 mmcfd, meaning the noon reading of 990 mmcfd put utilization at nearly 90%, The Financial Express reported.

Regular gasoline in Colorado averaged $4.35 per gallon on Friday, running above the $4.30 national average that day, according to AAA.

The national average retail price for regular gasoline rose from $2.81 per gallon in January 2026 to $4.48 in May 2026, according to data from the Bureau of Transportation Statistics cited by The Rambler.

AAA Colorado spokesperson Skyler McKinley said policy choices that raise or lower local oil and gas production do not translate into pump prices.

Pakistan lifted retail petrol to Rs384.34 per litre and high-speed diesel to Rs415.83 per litre, effective September 16, according to Economy.pk.

The revision adds Rs4.10 per litre to petrol and Rs6.41 per litre to high-speed diesel, per the same report. Economy.pk attributed the government's decision to continued fluctuations in international oil markets.

A Federal High Court in Uyo, Akwa Ibom State, has sentenced nine men to 10 years in prison each for crude oil theft and tampering with an oil pipeline, according to Pulse.

Justice Joy Ikpeme found the defendants guilty of conspiracy and tampering with an oil pipeline, Pulse reported. The sentences will run concurrently, capping each convict's term at 10 years, and the court ruled out the option of a fine.

Security operatives caught the men stealing crude from the ASABO-D wellhead in Ibeno Local Government Area of Akwa Ibom State, according to the same report.