Latest Stories

Senior energy official is first to quit Tisza government as questions emerge over energy reform, future of energy subsidy

15 October 2026

Reported clashes over energy reforms and the future utility-bill subsidies may have played a role in the resignation of Energy Ministry state secretary Andras Totth, the first high-ranking official to leave the Tisza government.

Sultan Group explores petroleum and aviation opportunities in Djibouti

15 October 2026

Talks with Djibouti’s ports authority covered petroleum storage, fuel trading, aviation and free-zone development, with no investment decision announced.

Senegal sets out $600mn green industrialisation programme

15 October 2026

The 2026-2030 plan targets industrial zones, renewable energy, waste recovery and new financing mechanisms under Vision Senegal 2050.

Turkey’s wind power capacity could cut annual gas import bill by $4bn, says trade assoc chief

15 October 2026

Turkey could save around $4bn annually on natural gas imports with its wind power capacity of more than 16 gigawatts, based on current energy prices, the head of the Turkish Wind Energy Association (TWEA) said.

Russian tanker carrying 40,000 tonnes of diesel heads to Morocco after US deal

15 October 2026

A tanker carrying approximately 40,000 tonnes of Russian ultra-low-sulphur diesel is heading towards Morocco following an agreement between Washington and Moscow to increase fuel supplies

Shell agrees sale of Nigerian domestic gas business to Vaaris Energy

15 October 2026

The deal covers a 170-kilometre gas pipeline network serving more than 130 industrial and commercial customers across three Nigerian states.

Solarise Africa secures $1.12mn grant for Uganda and Zambia expansion

15 October 2026

Solarise Africa has secured a €1mn ($1.12mn) grant from the Energy and Environment Partnership Trust Fund (EEP Africa) to expand its renewable energy financing business into Uganda and Zambia.

Paladin Energy reports 19% quarterly production drop at Namibia uranium mine

15 October 2026

Uranium producer Paladin Energy (ASX: PDN, TSX: PDN, NSX: PDN) reported a 19% decline in quarterly production at its Langer Heinrich mine in Namibia, as scheduled maintenance and lower processing recoveries pushed operating costs higher.

BP targets additional 65mn cubic feet of gas daily from Egypt's Raven field

15 October 2026

British energy company BP (LSE:BP) plans to increase natural gas production from the offshore Raven field in Egypt's North Alexandria concession

Orion Energy commits over $170mn to three Ecuador oil blocks

15 October 2026

Orion Energy has committed more than $170mn in private investment across three oil blocks in Ecuador's Amazon region, El Universo reported.

Argentina advances energy expansion and secures $1.3bn in IDB loans

15 October 2026

Argentine state energy company YPF has commissioned a new crude oil processing plant and integrated gas compressor at the La Angostura Sur deposit, while the Argentine government approved two Inter-American Development Bank (IDB) credit lines

Argentine energy firm TGS closes in on $1.4bn loan for $3bn Vaca Muerta project

15 October 2026

Argentine gas pipeline operator Transportadora de Gas del Sur (TGS) is near securing a $1.4bn syndicated loan from seven international banks to help fund a $3bn project to process and export natural gas liquids from the Vaca Muerta shale formation

Pemex studies sugar cane-based jet fuel biorefinery in Veracruz as debt weighs

15 October 2026

Mexico's state oil company Pemex has begun a feasibility study for a biorefinery in the south-east of the country to produce sustainable aviation fuel (SAF) from sugar cane.

Argentina's YPF commissions $400mn processing plant to expand Vaca Muerta output

15 October 2026

Argentine state-backed energy firm YPF has commissioned a new crude oil processing facility and integrated gas compression plant at the La Angostura Sur field to accelerate development at its Vaca Muerta South Hub.

Egypt cuts daily gas grid supplies by 400mn cubic feet as electricity demand eases

15 October 2026

Egypt has reduced natural gas supplies to its national transmission network to approximately 7bn cubic feet per day since early October

Bogotá data centre capacity could grow sixfold, but power supply remains a hurdle

15 October 2026

Bogotá has 58 megawatts (MW) of operational data-centre capacity and a further 300 MW in planned projects, with electricity supply and grid connections likely to determine how much of that expansion materialises

Argentina faces setback as UK approves Sea Lion oil development in Falklands

15 October 2026

British Foreign Secretary Ed Miliband has approved the development of the Sea Lion oil field near the Falkland Islands (also known as Malvinas), paving the way for production to begin as early as next year despite Argentina’s sovereignty claims.

Lohum plans Zimbabwe lithium sulphate plant to feed Indian battery supply chain

15 October 2026

Indian critical minerals company Lohum plans to build a lithium sulphate plant in Zimbabwe within 12 to 18 months, processing locally mined ore before shipping the material to India for further refining and battery production.

Colombia lifts Israel coal export ban, reopening market for miners

15 October 2026

Colombia has lifted its ban on thermal-coal exports to Israel, allowing shipments to resume under normal foreign-trade rules after more than two years of restrictions, according to Decree 1514, signed on October 9 and published by the government

Petrobras receives $550mn in Brazilian fuel subsidies

15 October 2026

Brazilian state-controlled oil company Petrobras has received a further BRL2.8bn ($550mn) from the federal government under fuel subsidy programmes covering diesel and gasoline sales.

UK backs Falklands oil development as Argentina seeks to halt Sea Lion project

15 October 2026

British Foreign Secretary Ed Miliband said on October 13 that residents of the Falkland Islands (also known as Malvinas) have the right to develop their natural resources as they choose.