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US swings sanctions stick at Turkish bank accused of smuggling Chinese oil payments to Iran in gold
American ambassador to Ankara at great pains to describe move as aimed at “one entity”, not at a nation, banking system or ally.
US LNG exports climb in August
US LNG exports saw an uptick in August as European countries purchased higher volumes to shore up ahead of winter.
Venture Global’s Plaquemines Phase 2 on schedule for deliveries
Venture Global’s Plaquemines Phase 2 is on schedule to commence deliveries of contracted LNG cargoes.
Nigeria clears $1.6bn Dangote Refinery IPO, testing investor appetite at $47bn valuation
The refinery IPO is a major test of whether Nigeria’s domestic capital market can absorb a record-sized listing as investors weigh Dangote’s expansion plans against crude-supply and margin risks.
Booming jet fuel prices not yet reflected in airline ticket prices, says chairman of Turkey’s Pegasus
Iran War and soaring refining margins taking heavy toll on regional aviation.
Argentina escalates Falklands dispute as Trump leaves UK support in doubt
Javier Milei has threatened sanctions on oil companies near the Falklands and promised new naval funding, hardening Argentina's claim days after Donald Trump declined to rule out shifting US policy on the islands.
India’s Kyiv outreach contrasts with lower level Russia forum presence
India continues to import crude oil, as well as other hydrocarbons and commodities from Russia even as the risk of Western and especially US sanctions mount.
Summit takes FID on Double E compression project
Summit Midstream has taken a final investment decision on the previously announced mainline compression expansion project on its Double E pipeline.
Oneok to buy Brazos Midstream’s Midland Basin assets for $4.425bn
US midstream player Oneok announced on August 30 that it had agreed to acquire Brazos Midstream’s natural gas-gathering and processing assets in the Permian Basin’s Midland sub-basin for $4.425bn in cash.
European pump prices hit records as Iran war escalation drives oil higher
Petrol prices hit records in Germany and the Netherlands and European gas futures reached a three-year high, as the Iran-US war escalation drove oil higher, landing the Gulf conflict directly on European household budgets.
Iraq faces renewed petrol shortages as Baghdad queues return
Iraq’s capital Baghdad and several other provinces are facing renewed shortages of petrol and kerosene, with long queues forming at filling stations and dozens of stations closing.
Climate modellers cut the worst case for the first time in four generations
The highest warming scenario used by climate modellers has fallen to 3.3C by 2100 from 4.6C, the first time the top of the range has come down in four generations of modelling, Carbon Brief reported on September 1. COUNTRIES: Global SECTORS:...
Africa-focused Invictus Energy advances Zimbabwe gas development ahead of AEW 2026
Invictus Energy will participate in African Energy Week 2026 in Cape Town as a Bronze Partner, bringing Zimbabwe’s Cabora Bassa Basin development to the continent’s energy investment forum.
US lays out sweeping Venezuela oil pact as legal and political risks mount
The White House has set out the architecture of the sweeping US-Venezuela oil agreement President Donald Trump unveiled last week.
Shell completes acquisition of ARC Resources for $16.5bn
World’s largest LNG trader could be eyeing future LNG projects following ARC Resources acquisition.
Riyadh condemns Iranian strike on Bahri tanker
Saudi Arabia has condemned an Iranian attack on one of its oil tankers in the Strait of Hormuz that killed two Filipino crew members
IntelliNews Lambda: EU gas storage is emptier than in the 2022 crisis, gas prices doubles
Europe will miss its 90% full target for gas storage by November and is now on course to hit only 68%. Gas prices have already doubled but another 2022 gas crisis is unlikely, according to IntelliNews Lambda's model.
Chevron to invest over $7bn in Venezuela, Colombia’s GeoPark and Italy’s Eni will also enter
Chevron plans to invest over $7bn in Venezuela over the next five years as it targets more than a doubling of its oil production in the South American country to 600,000 barrels per day.
Gasgroup targets NGX listing, eyes expansion into refining, power generation, data centres
Gasgroup, a Nigerian energy-services business not currently listed on the NGX, plans to seek admission of its existing shares to the Main Board of the bourse as it pursues expansion into refining, gas infrastructure, and power generation.
Iran's IRGC says two tankers 'hit mines' in Strait of Hormuz
Iran's IRGC said two oil tankers struck mines and caught fire in the Strait of Hormuz after being used to attempt an unauthorised transit, in a claim attributed to the Guards and not independently verified.
Africa’s upstream expansion opens opportunities for oilfield services companies, says AEC
Africa’s expansion of new oil and gas projects and efforts to extend the life of mature fields are creating growing opportunities for oilfield services companies.
Pentagon takes stake in Venezuelan oil venture as details of Trump's deal emerge
Controversial businessman Alejandro Betancourt's NABEP wins 100-year rights to 17 fields, but contradictions over ownership terms and unresolved legal questions cloud the "biggest oil deal in history."
Erdogan provides Saudis with €47.50/MWh price guarantee for 2-GW of solar
Deal also includes zero-cost land, tax exemptions and offtake assurances.
Turkmenistan starts plugging its methane mega-leaks
Turkmenistan has sealed eight methane mega-leaks after UN satellite alerts, the first documented repairs by a state long ranked the world's worst for super-emitting leaks from oil and gas facilities.
Oil rises for second day as Hormuz disruption fears deepen
Oil rose for a second day as US-Iran hostilities deepened fears of prolonged disruption through the Strait of Hormuz, with Brent near $91 and only five commercial vessels a day crossing the waterway.
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