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Petrofac the lowest bidder for Kuwaiti project as it files for bankruptcy
Troubled UK energy services group Petrofac has emerged as the front-runner for a major infrastructure contract in Kuwait, just as its parent company files for administration in the UK.
US senator tells Maduro "head to Russia or China" as warships close in on Venezuela
A senior US Republican senator has warned that Venezuelan President Nicolás Maduro's time in power is running out and suggested he leave the country, as military tensions in the Caribbean continue to escalate.
Tokyo Gas inks Letter of Intent for LNG from Alaska project
Tokyo Gas has signed a Letter of Intent with US developer Glenfarne for 1mn tonnes of LNG from the Alaska LNG project.
Golar agrees to charter FLNG unit to Argentina’s Southern Energy for 20 years
LNG infrastructure and services firm Golar has agreed to charter its MK II floating LNG unit to Argentinian firm Southern Energy for a 20-year term.
US expands oil sanctions on Russia
US President Donald Trump imposed his first sanctions on Russia’s two largest oil companies on October 22, the state-owned Rosneft and the privately-owned Lukoil in the latest flip flop by the US president.
Bulgaria tightens control over Lukoil sale after fresh US sanctions on Russia
Bulgaria’s parliament passed new legislation tightening state control over the sale of Russian oil major Lukoil’s assets in the country, after Washington imposed fresh sanctions on Russia’s top energy firms.
Turkmenistan’s TAPI gas pipeline takes off
Turkmenistan's 1,800km TAPI gas pipeline breaks ground after 30 years with first 14km completed into Afghanistan, aiming to deliver 33bcm annually to Pakistan and India by 2027 despite geopolitical hurdles.
China’s state-owned oil giants halt Russian crude purchases in response to US sanctions
China’s state-owned oil giants have paused their purchase of Russian crude oil in response to recent US sanctions targeting Moscow’s two largest oil firms, Rosneft and Lukoil
Namibia-focused explorer Sintana Energy provides update on Challenger acquisition
Canadian-listed oil and natural gas exploration company Sintana Energy Inc. (TSX-V: SEI) on October 21 provided an update on its intended acquisition of Challenger Energy Group.
EIA sees North American LNG export capacity more than doubling by 2029
Planned liquefaction capacity additions in North America will see total capacity across the continent more than double by 2029, the US Energy Information Administration (EIA) said last week.
US oilfield services firms SLB, Halliburton beat analyst expectations in third quarter
US-based oilfield services giants SLB and Halliburton both beat analyst expectations with their third-quarter results, released over the past week.
Malaysia–Vietnam offshore wind project to deliver 2,000 MW by 2034, strengthening regional green energy links
Malaysia’s upcoming offshore wind project connecting Vietnam to Peninsular Malaysia is expected to generate up to 2,000 megawatts (MW) of clean energy by 2034, marking a major step in the nation’s renewable energy expansion
India, US near major trade deal cutting tariffs to 15–16% if New Delhi will limit Russian crude imports
India and the United States are close to finalising a long-awaited bilateral trade deal that could sharply lower tariffs on Indian exports to about 15–16% from the current average of 50%
EBRD invests €16.8mn in Croatia’s first large-scale battery storage and virtual power plant
Development bank to take its first equity stake in a standalone merchant storage project.
Slovak PM Fico to unblock 19th round of sanctions in exchange for EU’s concessions to car industry
During a parliamentary session in Bratislava, Fico reportedly admitted he uses the support for sanctions as a "pressure tool".
Egypt reports multiple oil and gas discoveries in New Delta, Eastern and Western Deserts
Egypt’s Ministry of Petroleum has confirmed 18 new oil and gas discoveries since July 2025, adding roughly 14,000 bpd and 44mn cubic feet of gas per day to national output. The finds were led by Harbour Energy, Dana Gas, Eni, and Cairn Energy.
Galp Energia plans to expand frontier exploration in Africa amid strong demand for oil
Portuguese integrated energy company Galp Energia is planning to expand frontier exploration in Africa amid continuing strong demand for fossil fuels in Europe.
MOL says no risk to domestic fuel supply after Danube refinery blaze
Fires broke out at refineries in both Hungary and Romania in recent days.
Venture Global gets approval to add natural gas in final block of Plaquemines
US LNG giant Venture Global has been given the green light by federal regulators to begin adding natural gas into the firm’s Plaquemines LNG plant.
Andaman gas find signals fresh momentum in India’s deepwater exploration
India’s latest gas discovery in the under-explored Andaman-Nicobar Basin could become a turning point for the country’s domestic upstream production and energy security
EU decision to ban Russian gas transit raises alarm in Serbia
Belgrade warned that the EU's decision to halt imports and transit of Russian natural gas from 2026 poses a serious threat to its energy security, with senior politicians calling the move "catastrophic".
Ukrainian military strike for first time disrupts operations of Western oil majors
Drone attack damage caused to Russian gas processing plant forces scaling back of output at Kazakh field partly owned by Chevron, Shell and Eni.
Petrobras secures controversial Amazon drilling licence ahead of COP30 climate summit
Brazil's Petrobras has obtained authorisation to drill an exploratory well near the mouth of the Amazon River, sparking fierce criticism from conservationists just weeks before Brazil hosts UN climate talks.
Hungary to challenge EU’s ban on Russian gas imports, vows to block REPowerEU
Hungarian Foreign Minister Peter Szijjarto says the European Council’s decision to ban Russian fossil fuel imports by 2027 could jeopardise Hungary’s energy security.
India’s opposition slams Modi over Trump’s Russia oil claim
Indian National Congress leader Jairam Ramesh in an X post criticised Prime Minister Narendra Modi for staying silent over US President Donald Trump’s repeated claims that India would cut back on oil imports from Russia.
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