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Turkey sets out $500bn energy plan to 2040 days before COP31, keeps coal in mix
Turkey needs $500bn to cut emissions by 40% and more than quadruple wind and solar by 2040, Energy Minister Alparslan Bayraktar said days before it hosts COP31, while saying it still needs coal.
Libya’s diplomatic thaw masks dinar slide and central bank fight
Libya’s inflation hit 16.6% in September as a contested central bank appointment, an oil revenue dispute and a pipeline closure test diplomatic gains.
Ukraine offers Azerbaijan gas storage and pipeline access at Uzhhorod energy talks
Ukraine put its gas storage and pipelines on the table for Azerbaijan at energy talks in Uzhhorod on November 5, as the two signed a two-year action plan.
Gulf of Guinea oil regains strategic appeal as global energy shocks mount – Carnegie
A Carnegie analysis says the Gulf of Guinea holds 4.5% of global oil reserves and could help Western markets bypass Middle East chokepoints.
Ghana think tank warns over financing risks of 2,000MW Russian nuclear project
Ghanaian policy group IPPG is seeking details on financing, sovereign guarantees and risk-sharing for a 2,000MW Russia-backed nuclear plant agreed in Moscow, as Ghana already has CNNC and NuScale-linked projects.
Hungary's MOL secures OFAC approval for preparatory steps in planned NIS acquisition
The licence allows MOL to move ahead with preparations for the deal, but the final transfer of Russian ownership or control of Serbia's NIS will require seperate approval from OFAC.
Indonesia, Poland sign five mining, EV skills pacts
The partners aim to do more than transfer equipment and know-how. They want Indonesian staff who can run, maintain and further develop technology suited to domestic industry.
Blackstone, Canadian pension funds to buy into LNG Canada via stake in Mitsubishi subsidiary
Funds managed by Blackstone Credit & Insurance have joined forces with four Canadian institutional investors to acquire a stake in the LNG Canada project.
Kenyan PPP panel throws out bid to disclose state commitments to $16bn Dangote refinery
A Kenyan PPP committee has dismissed Cofek’s petition seeking disclosure of government commitments to Aliko Dangote’s planned $16bn Lamu refinery, ruling it lacked jurisdiction.
Energy Transfer takes FID on $1.6bn South Mississippi pipeline
Energy Transfer has taken a final investment decision on the South Mississippi natural gas pipeline project.
Trump's Russian diesel deal unravels as tankers turn away from US
Two of three tankers carrying Russian diesel to the US under Donald Trump's deal with Vladimir Putin have turned away with no buyers, the Financial Times reported on November 5.
Argentina’s US financing lifeline survives midterm shock, says EXIM chief
The US Export-Import Bank (EXIM) will maintain its financial cooperation with Argentina and continue working on agreements that could mobilise up to $7bn in funding through 2027, despite the Republicans' defeat at the November 3 midterms.
Mauritania signs two offshore oil and gas exploration contracts with Murphy Oil
Mauritania has signed two exploration and production contracts with US energy company Murphy Oil Corporation (NYSE: MUR) covering the offshore C10 and Tiof blocks
Nippon Steel produces iron using only hydrogen in Japan trial
A pilot furnace operated by Japan's Nippon Steel (TYO: 5401) has turned out over 1,000 tonnes of DRI, or direct reduced iron, using nothing but hydrogen to reduce the ore, the steelmaker announced on November 4.
Taiwan to launch own carbon border tax and trading scheme
Overseas markets are tightening their climate requirements on Taiwanese exporters, and the island has already introduced a carbon fee system.
Nigeria's Dangote launches $2.5bn Walvis Bay fuel hub to supply Southern Africa’s landlocked markets
The Walvis Bay terminal is designed to hold at least 1.6mn barrels of petrol and diesel, to supply Botswana and Southern Africa
Poland slashes coal to half its power in four years as solar and wind double
Coal's share of Poland's electricity fell from 71% to 50% in four years, nearly as much as in the previous three decades, Our World in Data reported on November 3. Solar and wind more than doubled to 25%.
African Energy Chamber rejects Open Secrets allegations over oil and gas dealings
The African Energy Chamber (AEC) has rejected allegations concerning its executive chairman NJ Ayuk and his associated consultancy, CLG, following an investigation into the company's involvement in African oil and gas transactions.
Petrobras hits record production
Brazil's Petrobras has reported record quarterly production and exports, while running its refineries close to full capacity, with a third oil discovery in the Equatorial Margin
Greek energy group PPC to acquire Romania's second-largest electro-IT retailer Flanco for €35mn
PPC enters Romania’s electronics and home appliance retail market, extending its presence beyond energy supply and related services.
Turkey awards 785 MW of solar capacity in YEKA tender
Regulators provide €32.5/MWh price guarantee.
Venezuela’s new envoy pays court in Washington as US tightens grip
Venezuela’s newly appointed Foreign Minister Oliver Blanco met US Secretary of State Marco Rubio in Washington on November 2, in the latest sign of the US’s growing sway over Caracas.
Heating season starts as the first EU gas tanks flip to drawdown - IntelliNews Lambda
Half of the EU's gas-storage countries were drawing down their tanks on November 1, the first day of the heating season, as Europe began burning a record-low winter reserve.
Africa’s refinery boom draws billions while financing and crude-supply risks mount
Libya, Ghana, Nigeria, Kenya and Angola are pushing billions into new refineries, but funding gaps, scarce crude and fading margins threaten Africa’s plans.
Nigeria to open bidding portal for 40 oil and gas blocks on November 20
Nigeria's NUPRC plans to open its bidding portal for the 2026 oil and gas licensing round on November 20, offering 40 blocks across onshore, shallow-water and deepwater areas
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