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Tanzania nears agreement on $42bn LNG project after years of delays
Tanzania’s finance minister says the long-delayed $42bn Equinor and Shell-led LNG project is close to agreement, but definitive accords and FID remain pending.
Dangote refinery extends $1.6bn Nigeria IPO to October 27 amid strong demand
Dangote Petroleum Refinery extends its $1.6bn Nigerian IPO to October 27, targeting expansion to 1.4mn bpd as retail demand grows.
QatarEnergy’s expansion will see liquefaction train come online in November
World’s largest LNG expansion to take key step forward with first of four liquefaction units to be ready for operations.
Taiwan’s anti-nuclear party moves to restart the reactors it shut
Taiwan’s Democratic Progressive Party took power a decade ago promising to close every reactor on the island. Its own government is now preparing to switch one back on.
Middle East crude recovers, products crisis deepens
Eight months into the Iran war, Gulf crude flows are approaching pre-war volumes but a depleted products and LNG system faces winter with no margin
EU and UK grain forecasts cut by 16.7mn tonnes as drought hits maize
Forecasts for the EU and UK grain harvest were cut by 16.7mn tonnes between June and September as heat and drought wrecked the maize crop, the Energy & Climate Intelligence Unit said.
Kenya's reliance on Ethiopian electricity grows with peak imports set to double
Kenya plans to double peak electricity imports from Ethiopia to 400 megawatts (MW) in December to ease pressure on its power system, even as Ethiopia faces major gaps in domestic electricity access.
Türkiye begins Eastern Black Sea seismic survey
State-owned TPAO has begun seismic acquisition off Trabzon in the Eastern Black Sea
South Korea battery ETFs surge on AI data centre demand
Exchange-traded funds (ETFs) tied to secondary battery makers took eight of the 10 top spots on the South Korean stock market in October.
BEYOND THE BOSPORUS: Why Azerbaijan’s official news agency lifted lid on Turkey’s hidden trade with Israel
Report exposing cargoes shipped to Israeli ports came after President Aliyev made fiery address complaining of interference in his country’s affairs.
Latest first Atlantic hurricane in 121 years bears down on US Gulf coast
Isaias has become 2026's first Atlantic hurricane, the latest first hurricane in 121 years, and is heading for the US Gulf coast, the National Hurricane Center said on October 8.
Pakistan’s solar boom reshapes power market
Pakistan’s solar power industry has undergone a quiet revolution. The country’s solar energy capacity, as reported by various sources, likely does not reflect the full deployment of the technology.
Mozambique urged to strengthen finances ahead of expected LNG revenue surge
Mozambique must strengthen its financial management systems and diversify its economy ahead of an expected surge in natural gas revenues, after collecting $252.8mn from Rovuma Basin production between 2022 and 2025.
Chevron to offload certain midstream assets in exchange for amended Bakken midstream terms
Chevron has agreed to restructure the terms of its Bakken midstream contracts and establish new DJ Basin midstream contracts while transferring its ownership interests and general partner position in Hess Midstream and DJ Basin midstream assets.
Suncor to sell stakes in three Eastern Canadian oilfields to Ithaca
Suncor Energy has agreed to sell its stakes in the Terra Nova, White Rose and West White Rose oilfields offshore Eastern Canada to UK-based Ithaca Energy.
Yinson prices $1.46bn bond issue to refinance offshore oil vessel in Angola
Yinson Production has priced $1.458bn of senior secured bonds at 6.517% to refinance its Agogo FPSO off Angola, chartered to BP-Eni venture Azule Energy. It calls the deal the largest FPSO project bond to date.
Egypt and Cyprus pledge closer coordination on Mediterranean gas projects using Egyptian export infrastructure
Egypt and Cyprus have pledged closer coordination on the Cronos and Aphrodite offshore gas fields, which would use Egyptian plants to process and export Cypriot gas.
South Korea denies fuel exports to Russia cleared customs
South Korea said customs records show no exports of commercial petroleum products to Russia, rejecting reports that its ports had supplied diesel to the Russian Far East.
Chevron deal strengthens exploration prospects on Namibia’s PEL 90, says AEC
Chevron’s planned acquisition of a 10% stake in Namibia’s PEL 90 licence from Custos Energy subsidiary Trago Energy will strengthen the international partnership behind the Orange Basin block ahead of a planned exploration well.
Bulgaria's Kozloduy nuclear plant cuts output over low Danube levels
Bulgaria's Kozloduy nuclear power plant has reduced output from both of its operating reactors because of low water levels in the Danube.
Brazil’s election run-off to help decide Petrobras’ future
Brazil’s presidential runoff between President Luiz Inácio Lula da Silva and Senator Flávio Bolsonaro offers sharply different visions for state-controlled Petrobras and the role of government.
Venezuelans in no mood to dance despite Trump's oil bonanza
Nine months after the US removed Nicolas Maduro, a sweeping oil pact with Washington has done little to ease hardship at home or bring elections closer.
QatarEnergy secures $3bn syndicated loan from Chinese banks
State-owned QatarEnergy has finalised a $3bn syndicated loan financed exclusively by four major Chinese financial institutions, a critical move given the company's rising lost revenues due to the Strait of Hormuz closure.
Vietnam mandates open access to EV charging stations by 2027
Electric vehicle charging stations in Vietnam must serve any compatible vehicle from July 1, 2027, under new technical rules from the Ministry of Industry and Trade.
Indonesia targets 2mn hectare plantation expansion for domestic E20 biofuel mandate
The Indonesian government plans to expand domestic sugarcane and cassava plantation areas to secure feedstock for its incoming E20 biofuel policy, which mandates a 20% bioethanol blend in commercial gasoline
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