Woodside Energy Group Ltd. has tapped BP PLC for the supply of up to 640 billion cubic feet of natural gas for the Louisiana LNG project on the United States Gulf Coast. The British energy giant will deliver the volumes starting 2029, a joint statement said Wednesday. “This agreement represents the first tranche of a diversified portfolio of feedgas that will support the Louisiana LNG project, enabled by the project’s extensive interconnectivity to multiple producing basins and interconnecting pipelines”, the companies said. Woodside chief executive Meg O’Neill commented, “Woodside has a long history of successful collaboration with bp. By drawing upon bp’s experience with MiQ certificates, we can access verifiably low methane intensity molecules for the Louisiana LNG project. This supports Woodside’s goals as a member in the UN Environment Program’s OGMP [Oil and Gas Methane Partnership] 2.0 initiative”. A day prior Woodside announced a positive final investment decision (FID) on the project, which it acquired as Driftwood LNG as part of its $1.2 billion takeover of Tellurian Inc. last year. “The forecast total capital expenditure for the LNG project, pipeline and management reserve is US$17.5 billion (100 percent)”, the Australian oil and gas explorer and producer said. New York City-based Stonepeak Partners LP will provide a staggered contribution of $5.7 billion in exchange for a 40 percent stake, under an agreement announced earlier this month. Louisiana LNG has an Energy Department permit to export a cumulative 1.42 trillion cubic feet a year of natural gas equivalent, or 27.6 million metric tons per annum (MMtpa) of liquefied natural gas (LNG) according to Woodside, to both FTA and non-FTA countries. The FID announced Tuesday is for phase 1, which will build 3 liquefaction trains with a collective capacity of 16.5 MMtpa, Louisiana has already been under construction by Reston, Virginia-based Bechtel Corp.

In a release sent to Rigzone by the IPR Energy Group (IPR) team recently, the company announced “another significant hydrocarbon discovery” in the Yidma field, which is situated in the Yidma-Alamein concession in Egypt’s Western Desert. “The well was drilled to a total depth of 8,910 feet, targeting untapped reserves following recent successes in the adjacent Alamein field,” IPR said in the release, adding that the well encountered “a substantial oil column of 73 feet [of] hydrocarbons beneath a tight stratigraphic barrier within the Alamein Dolomite formation”.  “A highly porous dolostone interval was perforated, yielding initial rates of 1,926 barrels of oil per day, stabilizing at a rate of 1,250 barrels of oil per day with high quality light oil at 43°API, with minimal water cut (0.5 percent BS&W) through a 64/64-inch choke,” IPR noted in the release. The company highlighted in the release that the well is currently producing under natural flow and revealed that output is expected to reach 1,500 barrels of oil per day following the installation of an electric submersible pump. “This well’s success, and previous successes last year within the concession, adds additional reserves and production wedges as a result of IPR employing new conceptional exploration and redevelopment plans to all mature and legacy field activities in the concession,” IPR stated in the release. The company pointed out that a follow up well, Yidma-14X, is under final drilling, where IPR said “similar completion practices will be used for the deeper exploration target, Alam El Bueib”. An IPR spokesperson said in the release, “this new discovery again emphasizes the outstanding exceptional value of the untapped potential of the Yidma-Alamein concession that has been produced for over 60 years and still exhibits sizable value and potential that can be accessed using newly improved exploitation methodologies, upgrading production technology,

Eni has awarded a £250 million contract to construction firm United Living Group to deliver CO2 transportation and storage infrastructure for its Liverpool Bay carbon capture and storage (CCS) project. United Living, a subsidiary of American private equity group Apollo, said it expects to generate an additional 300 roles within the company as part of the contract. The deal with Italian energy firm Eni will also support an additional 300 roles in the immediate supply chain. United Living chairman and chief executive Neil Armstrong said the CCS project will deliver “huge benefits” to the North West of England. “We are acutely aware of the pressing need to transition to a lower-carbon future and see CCS as a crucial element to the UK achieving its net zero target,” he said. “This project will also deliver huge benefits to the North West region, bringing major investment in local skills development, employment opportunities, and strong growth prospects for local businesses.” Liverpool Bay CCS Eni’s offshore CCS plans form the focal point for the wider £2 billion HyNet North West industrial decarbonisation cluster. The plan involves capturing emissions from industrial emitters around Liverpool and Manchester before transporting and storing the CO2 offshore underneath the Irish Sea. United Living said the three-year engineering, procurement, installation and commissioning contract with Eni relates to the delivery of the HyNet CO2 pipeline. © Supplied by HyNetEni’s Point of Ayr gas terminal in north Wales, which will form part of the Liverpool Bay CCS project. The project involves the construction of 21 miles of new pipeline alongside repurposing 15 miles of existing infrastructure for CO2 transportation. The pipeline will travel from Ince in Cheshire to Eni’s Point of Ayr gas terminal in north Wales. Eni secured planning permission from the UK government for the Liverpool Bay pipeline project in

President Donald Trump’s combative, chaotic trade policy is already causing problems for the United States’ booming energy storage industry as stock analysts sour on import-reliant OEMs and project developers defer investment decisions. Absent more clarity on longer-term import duties, analysts and corporate insiders say the sector’s challenges could deepen this year and next before global supply chains rebalance. “We are in a totally different world than last month,” said Ravi Manghani, senior director of strategic sourcing at Anza Renewables. The most visible effect of the “Liberation Day” tariffs, which Trump has since dialed back for most countries while keeping triple-digit levies on imports from China, could be a dramatic reduction in merchant energy storage development in key markets like Texas, Manghani said. Though project developers with committed offtake agreements have the option to renegotiate pricing with their customers, merchant developers looking to break ground in 2025 may simply wait until next year — and hope for a resolution in the meantime. Anecdotally, that’s already happening, he said. But despite the near-term turmoil and a global supply chain that requires even most U.S.-based manufacturers to source inputs from abroad, storage insiders tell Utility Dive that they remain bullish on the sector’s prospects. Some expect protectionist policies to boost U.S. battery manufacturing in the long run and — maybe — provide an opening for lithium-ion alternatives. ‘We are watching this movie for the first time’ The average U.S. tariff on Chinese imports is now 124.1%, six times higher than at the start of Trump’s second term, according to the Peterson Institute of International Economics. That’s enough to push the U.S. deployment cost of a four-hour lithium-ion battery energy storage system above 2023 levels, said Isshu Kikuma, energy storage analyst for Bloomberg NEF. “We haven’t updated our installation forecasts, but we expect annual

CNOOC Ltd. has reported CNY 36.56 billion ($4.89 billion) in net income attributable to shareholders for the first quarter, down from CNY 39.7 billion for the same three-month period in 2024 as weaker oil prices offset higher production. The oil and gas explorer and producer, majority-owned by China National Offshore Oil Corp., produced 188.8 million barrels of oil equivalent (MMboe) in the January-March 2025 period, up 4.8 percent year-on-year. Chinese output rose 6.2 percent by prior-year comparison to 130.8 MMboe. Overseas production grew 1.9 percent to 58 MMboe, it said in an online statement. CNOOC Ltd., which calls itself the biggest producer of oil and gas offshore China, announced five upstream start-ups in Chinese waters in the first quarter. Three of the projects are in the South China Sea: the Dongfang 29-1 field, the Panyu 11-12/10-1/10-2 Oilfield Adjustment Joint Development Project and the Wenchang 19-1 Oilfield Phase 2 Project. The other two are in the Bohai Sea: the Bozhong 26-6 and Luda 5-2 North fields. Abroad, the sixth development in the Buzios oilfield in Brazil’s offshore Santos Basin came online. CNOOC Ltd. holds a 7.34 percent stake in the field through CNOOC Petroleum Brasil Ltda.  “The Company made 2 new discoveries and successfully appraised 14 oil and gas structures”, CNOOC Ltd. said. “Among them, the proved in-place volume of Huizhou 19-6 oilfield has exceeded a hundred million tons of oil equivalent. Weizhou 10-5 demonstrated vast exploration prospects of the buried hills in Beibu Gulf Basin. Suizhong 36-1 South has been successfully appraised and is expected to become a medium-sized oilfield”. While production increased, benchmark Brent oil prices fell 8.3 percent year-on-year, CNOOC Ltd. said. CNOOC Ltd. confirmed its parent “plans to increase its shareholdings in A shares and Hong Kong shares of the Company, by an amount of not less than RMB2

A Teesside port operator has announced plans to build an offshore wind manufacturing hub, alongside a similar project by neighbours who had unsuccessfully attempted to sue them. PD Ports has announced plans for its Teesport Offshore Gateway, which includes developing 180 acres of land on its estate on the river Tees where it also has container and bulk terminals, as well as RORO facilities. The new development will see a brand-new 1 km long deep-water riverside quay built on the south side of the river, roughly one mile closer to the sea than similar infrastructure opened last year by neighbouring Teesworks. Teesport is the sixth-biggest port in the UK. PD Ports says the new development will be suitable “for a range of offshore manufacturers, assembly, marshalling and supply chain support services.” PD Ports chief executive Frans Calje said: “One of Teesside’s great strengths is its ability to reinvent itself in the face of change. “As the UK and the wider world turns its attention to large-scale renewable energy sources, here at PD Ports we see the opportunity – and the responsibility – to play our part by offering an offshore wind development site that is perfectly positioned to unlock the capability of our region – not only as a hub for trade and industry, but also to deliver the clean energy revolution.” The site has both planning and marine consent to extend an existing berth to develop the new 15.5m deep-water mooring, to provide access to all current and planned offshore installation vessels. High Court PD Ports’ estate is surrounded by former steelworks land, which was acquired via compulsory purchase by the public sector South Tees Development Corporation (STDC), which is chaired by Conservative mayor Ben Houchen. The surrounding site is more commonly known as Teesworks, and is marketed by Teesworks