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South Korea’s Samsung Heavy Industries and GasEntec ink MoU to develop small-scale LNG
South Korean shipbuilder and maritime engineering firm Samsung Heavy Industries and South Korean engineering firm GasEntec have signed a Memorandum of Understanding for GasEntec to license SHI’s Samsung Enhanced Nitrogen Split Expansion.
EU faces winter tug of war with Asia as gas stores hit lowest for date since 2011
Europe is heading into winter locked in a bidding war with Asia for LNG cargoes, with EU gas stores at record lows.
Albania, Nepal, Ethiopia lead a growing club of countries running on renewable power
Five countries generated all their grid electricity from renewables in the latest year on record and 64 got at least half, according to new data from Stanford University's Mark Jacobson.
Mexico discusses supplying Indonesia with LNG
Mexico’s energy minister Luz Elana Gonzalez Escobar held talks with Indonesian officials about supplying the Southeast Asian country with LNG.
UAE’s XRG considers buying stake in LNG Canada
The Abu Dhabi National Oil Company’s international investment arm XRG is believed to be seeking to purchase a stake in LNG Canada.
Canada fast-tracks Tilbury LNG expansion
Tilbury LNG expansion is British Columbia’s fifth project to get government approval to be accelerated.
India's power shortages outstrip summer peak as El Niño saps hydro
India's power shortages have climbed above this summer's heatwave peaks as an El Niño-weakened monsoon cuts hydropower output, Bloomberg reported on September 24.
Iran's grip on Hormuz slips as oil flows top 13.5mn b/d
Oil flows through the Strait of Hormuz have topped 13.5mn barrels a day, led by a surge in Saudi Gulf loadings, Commodity Context's tally of Kpler data showed on September 25.
Turkey's electric car share leaps from 1% to 22% in three years
More than one in five new cars sold in Turkey in 2025 was electric, up from one in 100 in 2022, data compiled by Our World in Data show.
DP World signs draft deal on $7bn Nigerian port and industrial zone
Nigeria's Tinubu said the broader corridor would include the long-delayed Olokola (OK LNG) project, which Nigerian National Petroleum Company Ltd (NNPCL) has been seeking to revive.
Iraq slump drags Mediterranean growth forecast to -0.7%, EBRD says
Iraq's oil export slump drags southern and eastern Mediterranean growth to -0.7% in 2026, down from a 2.5% forecast in June, while Morocco leads on 4.8%.
Coal India digs beyond coal into batteries, renewables and critical minerals
At present, Coal India Ltd is involved in four coal gasification and coal-to-chemicals projects spanning fertilisers, industrial chemicals and synthetic natural gas.
ADB approves $200mn loan for Bangladesh power distribution network
The Asian Development Bank has approved a $200mn loan to help Bangladesh upgrade its electricity distribution network in fast-growing peri-urban areas around Dhaka.
Serbia's sanctioned oil firm NIS seeks new US licence
Serbia's oil company NIS, majority-owned by Russian energy companies, has asked the US Treasury for a new licence to continue operating after its current sanctions waiver expires on September 30.
Canada’s Wolf Midstream takes FID on NGL North System expansion
Canada’s privately owned Wolf Midstream has taken a final investment decision on the Phase Three expansion of its NGL North System.
Shell completes sale of Coulomb, Na Kika interests in US Gulf
Shell Offshore has completed the previously announced sale of its interests in the Coulomb and Na Kika assets in the US Gulf of Mexico.
LATAM BLOG: Trump keeps Machado's medal and Rodríguez's oil
María Corina Machado made three failed attempts to reach Venezuela from Panama by sea and air on September 21 and 22, her team said. On the second of those days Delcy Rodríguez, the country's acting president, held her first meeting with Trump.
Argentina’s oil patch draws more than $416mn in oil exploration commitments
Argentina’s Neuquén and Mendoza provinces are advancing oil exploration projects carrying more than $416mn in proposed investment and access payments, spanning new acreage in Neuquén and conventional exploration areas in Mendoza.
Serbia plans more than €14bn in energy investments through 2035
Serbia plans to invest more than €14bn in its energy sector between 2028 and 2035, including in new generation capacity, power grids, energy storage and balancing capacity.
Venezuela puts debt restructuring on hold to prioritise oil deals
Venezuela's interim government under President Delcy Rodríguez has reportedly decided to postpone the restructuring of its external public debt and the obligations of state oil company Petróleos de Venezuela (PDVSA).
Saipem, Petrofund launch Namibia upstream skills partnership
Italian group Saipem (BIT: SPM) and Namibia’s Petroleum Training and Education Fund (Petrofund) have signed a memorandum of understanding to expand technical training and develop local skills for the country’s emerging upstream hydrocarbon sector.
Turkey signs US grant deal to prepare for small nuclear reactors
The US will pay for a study to help Turkey prepare the ground for small modular nuclear reactors (SMRs), as Ankara looks to cut its reliance on Russia for nuclear power.
Hurricane Polo becomes second most intense eastern Pacific storm off Mexico
Hurricane Polo has exploded from a tropical storm into a Category 5 hurricane in about a day off Mexico's Pacific coast, becoming the second most intense storm on record in the eastern Pacific.
Azerbaijan pardons French prisoner hours after EU delists Usmanov
Azerbaijani President Ilham Aliyev pardoned jailed French citizen Martin Ryan on September 23, hours after the EU dropped tycoons Alisher Usmanov and Mikhail Fridman from its sanctions list.
Tanzania’s $42bn LNG project enters final legal stage ahead of approvals
Tanzania’s $42bn LNG project has entered final legal negotiations, with Host Government Agreements and LNG legislation still requiring state and parliamentary approvals before FID.
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