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Iranian leader adviser defends attack on Qatar gas installations
An adviser to Iran’s supreme leader defended Tehran’s strikes on Qatar’s Ras Laffan gas complex in March, saying strikes on regional energy infrastructure were part of the country’s deterrence strategy.
Philippine hydropower developers push DOE to speed up auctions
The Philhydro Association Inc. has asked the Philippines' Department of Energy (DOE) to bring forward hydropower auctions so developers can use the coming El Niño period to speed up construction.
Philippines approves grid link for Aboitiz solar project
The Philippines' Energy Regulatory Commission (ERC) has approved PHP1.11bn (around $19mn) in transmission facilities linking a solar and battery storage project in Ilocos Norte to the national grid.
South Korea's KEPCO seeks talks on electricity tariff hike
Korea Electric Power Corporation (KRX: 015760) wants to open talks with the government on raising electricity tariffs as the state-run utility carries KRW210 trillion (about $148bn) of debt.
Socar Turkey snags benchmark $1.6bn five-year syndicated loan rollover at SOFR+2.30%
In 2021, company landed terms at Libor/Euribor +3.45%. New deal suggests rollover rate of 123%.
Eco Atlantic nears completion of $7.7mn equity subscription as it advances Namibia, South Africa assets
Eco (Atlantic) Oil & Gas has satisfied all remaining conditions for a $7.7mn equity subscription apart from the admission of new shares to London's AIM market, bringing the financing close to completion.
Slovakia's fourth Mochovce reactor sends first power to the grid
The fourth unit of Slovakia's Mochovce nuclear power plant supplied electricity to the national grid for the first time on October 15.
Mexico targets 9GW renewable energy allocation by end-2026
Mexico's Energy Ministry (Sener) counts 42 solar photovoltaic plants with a combined capacity of 6,856.4MW among the renewable projects now under way.
Kodal pays $300,000 for Ghana lithium stake, targets 80% through earn-in
Kodal Minerals has acquired an initial 10% stake in a Ghanaian JV established to explore the Asamankese lithium project for $300,000, with the right to increase its ownership to 80% through staged investment and technical milestones over 5 years.
DR Congo inaugurates $522mn Kamoa-Kakula solar and battery complex supplying major copper mine
The Kamoa-Kakula solar and battery complex in Lualaba province launched on October 16, several weeks after the facilities began supplying electricity to one of Africa’s largest copper mining operations.
Deep Yellow delays Namibia uranium project investment decision beyond 2026
Australian uranium developer Deep Yellow (ASX: DYL, NSX: DYL, OTCQX: DYLLF) has postponed a final investment decision on its Tumas uranium project in Namibia beyond 2026, citing weak equity market conditions.
Angola’s 2026 fuel subsidy bill could hit $4.16bn, more than twice budgeted amount
The overrun, equivalent to about 6% of Angola’s 2026 budget, shows how dependence on imported fuel turns higher crude prices from a windfall into a fiscal cost.
Kenya plans $616mn nuclear research reactor at Konza, targets 2027 start
Kenya plans to begin building a KES80bn ($616mn) nuclear research reactor at Konza Technopolis in 2027, financed through a public-private partnership.
Iran oil capacity grows 8.3%, but $3bn action plan falls short
Iran’s oil production capacity has risen by 285,000 barrels per day since September 2024, but an action plan to add another 250,000 barrels per day has delivered only 28% of its target despite a planned $3bn investment, official figures show.
India cuts diesel export duty as global fuel market tightens
India has nearly halved its diesel export duty as global fuel supplies remain constrained by disruptions in the Middle East and Russia, potentially improving the competitiveness of Indian refiners in international markets.
Australia’s Finder secures drilling rig for Timor-Leste oil project
Australia's Finder Energy has secured a drilling rig for its Kuda Tasi and Jahal (KTJ) oil development offshore Timor-Leste.
India approves LNG terminal capacity booking platform to boost utilisation
India's Petroleum and Natural Gas Regulatory Board has approved the creation of a centralised platform for booking unused LNG import terminal capacity.
Japan’s JERA increases indirect stake in Australia's Wheatstone LNG project
Japan's JERA has increased its indirect participation in Australia's Wheatstone LNG project after acquiring a 42.08% stake in Pan Pacific Energy from the Japan Organization for Metals and Energy Security.
India's MRPL nearly triples quarterly profit despite lower refinery throughput
India's Mangalore Refinery and Petrochemicals has reported a nearly threefold increase in quarterly net profit, benefiting from stronger refining earnings despite a decline in crude processing volumes.
Indonesia opens West Java LPG plant to reduce import dependence
Indonesia has inaugurated a new LPG processing plant in West Java as part of efforts to strengthen domestic supplies and reduce the country's heavy reliance on imports.
UK-based Nostrum Oil & Gas completes $304.6mn sale of Kazakhstan operations
UK-based Nostrum Oil & Gas (LON: NOG) has completed the sale of its Kazakhstan operations for $304.6mn and fully redeemed its Senior Secured Notes due in 2026, marking the end of nearly three decades of operating activity in the country.
Poland moves closer to second LNG terminal as Gaz-System completes quay foundations
Polish state-owned gas grid operator Gaz-System said on October 16 it had finished driving over 500 piles that form the foundation of the quay for the floating LNG terminal in Gdańsk Bay. This brings Poland closer to mooring its first FSRU.
Singapore, Indonesia, Malaysia hold joint oil spill drill
Singapore, Indonesia and Malaysia held a joint drill simulating an oil spill that spread from Singapore waters to the Indonesian and Malaysian coastlines.
KKR invests $640mn in Petronas renewable arm in India
US private equity firm KKR (NYSE: KKR) plans to invest about MYR2.6bn ($637mn) in Gentari Renewable India Pte Ltd, the Indian renewable energy subsidiary of Malaysia's state oil company Petronas.
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