Natural Gas
Mines ministry unveils draft decree to bolster gas supply
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Colombia's Ministry of Mines and Energy has published a draft decree to overhaul the regulatory framework for the natural gas market.
The King’s Bench Court of Alberta approved the termination of Canacol Energy contracts with Colombian firms but added safeguards for households and small businesses in the regulated gas market.
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Chevron has started drilling a new natural gas well in Egypt's Narges field. The move is part of efforts to increase local production and the company's regional output.
President Ferdinand Marcos Jr. announced a significant natural gas discovery east of the Malampaya field, the first major find in more than a decade. The reservoir holds 98 billion cubic feet of gas, enough to power 5.7 million homes for a year.
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Mitsubishi Corp has agreed to buy Aethon Energy Management's shale gas production and infrastructure assets in Texas and Louisiana for $7.53 billion, marking its largest deal to strengthen its gas supply chain.