Wednesday, 7 October 2026

Eni is targeting a year-end investment decision for the Argentina LNG floating liquefied natural gas (FLNG) development, according to Offshore Magazine.

The project would deploy two FLNG vessels to monetize gas from Argentina's Vaca Muerta formation and establish a new LNG export route, Offshore Magazine reported. Eni is advancing the development alongside YPF and XRG.

The two nearshore vessels would have combined liquefaction capacity of 12 million tonnes per year, according to Offshore Magazine. Initial LNG production is targeted for 2030.

Equinor warned that a rejection of the Rosebank and Jackdaw projects could deter investment in the UK, according to Offshore Engineer OEDigital.

Equinor CEO Anders Opedal said on Tuesday that failure to secure approval for the two projects would be a major setback for Equinor's Adura joint venture with Shell in the North Sea.

Opedal added that a rejection would prompt Equinor and other investors to question whether Britain remained an attractive place to invest.

Airfare is rising significantly throughout 2026, driven by volatile jet fuel prices and resilient travel demand, according to Archyde. The report attributes the fuel price swings to supply disruptions in the Strait of Hormuz.

In a separate account, Rio Times reports that Sudan's fuel shortage in 2026 is a foreign-exchange and logistics crisis rather than a simple lack of oil. According to Rio Times, the shortage has made fuel unaffordable and unreliable for millions of civilians, with consequences for Red Sea shipping, humanitarian aid, and regional stability.

Strike Energy has selected Hancock Energy's Belisama gas processing facility as the preferred processing route for its West Erregulla gas field in Western Australia's Perth Basin.

In a separate development, Massachusetts Governor Maura Healey urged the Trump administration to accelerate federal reviews and permits for a natural gas pipeline expansion.

A review of 2024 satellite data found about 2,000 flares at oil fields and drilling sites worldwide burning in more than half of clear satellite observations, according to an investigation by The Examination and Bloomberg News.

The investigation found that from the Niger Delta to the Omani desert and Patagonia, oil companies were claiming success while their flares continued burning day after day.

Hundreds of the flares identified in the satellite review were operated by companies that had signed the World Bank initiative, including Exxon, Occidental Petroleum and TotalEnergies, the investigation found.

World Bank data show that the total amount of gas burned in flares at production sites worldwide has risen 9% since the initiative launched.

Canadians could face higher grocery bills in the coming months as a diesel and crude oil price shock moves through supply chains, according to Scotiabank.

Higher diesel costs reach beyond the pump. As an input into trucking, agriculture, construction and manufacturing, they spread through freight, production and distribution networks before reaching consumer prices.

The price response to the shock is expected to peak after roughly one year for shelter and 18 months for food, Scotiabank's Olivier Gervais said.