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Australia urged to oppose Russia-backed nuclear plant in Myanmar

Australia should work with ASEAN and the Quad to stop Myanmar's military government from building a Russian-designed nuclear power station.

High freight rates and weak demand weigh on Venezuelan crude sales

Venezuela’s oil exports faced a difficult October as rising transportation expenses and reduced refinery demand made its crude harder to sell, with shipments falling to 809,000 barrels a day

Venezuela oil shipments fall 25% as freight costs squeeze exports

Venezuelan crude shipments fell sharply in October as higher tanker rates and seasonal refinery maintenance weakened demand, bringing exports close to some of their lowest levels since Nicolás Maduro came to power

Trump claims US has ‘total control’ of Venezuela

President Donald Trump said the US has assumed “total control” of Venezuela and deployed American representatives there, linking the country’s oil resources to what he described as a major expansion of Washington’s energy position

BP finds hydrocarbons at Tupinamba block off Brazil, to move rig to Bumerangue

UK oil major BP said it has identified hydrocarbons in an exploration well in the deepwater Tupinamba block in Brazil's Santos Basin.

Halliburton, Petrobras complete first Brazil deployment of remote-operated completion system

Halliburton said that its Optime unit had completed the first deployment in Brazil of its Remote Operated Control System (ROCS) service, in collaboration with Petrobras.

Shell signs long-term offtake agreement for $239mn aviation fuel project in Morocco

Iraq and Chevron near agreement on West Qurna 2 oilfield

Iraq and US energy company Chevron have reached agreement on key terms for a contract covering the West Qurna 2 oilfield, with both sides seeking to finalise the agreement before the end of 2026.

Mexico's US gas imports hit record 218 mcm per day in August

Mexico bought a record 7.71bn cubic feet (bcf) per day, or 218mn cubic metres (mcm) per day of natural gas from the US in August, up 4.3% year on year, according to the US Energy Information Administration (EIA).

Dangote seeks wider African trading access for shares in $1.6bn Nigerian refinery IPO

Nigeria’s Dangote Group has held talks with African stock exchanges since April to broaden access to shares in its $1.6bn refinery initial public offering (IPO), Reuters reported on November 4.

Iraq's Pearl Petroleum raises $500mn in bond offering

Pearl Petroleum, jointly operated by Dana Gas and Crescent Petroleum, has placed a $500mn senior secured bond to refinance existing debt and support the development of natural gas fields in Iraq's Kurdistan Region.

Noble to start TotalEnergies drilling off Suriname in 2026

Noble Corporation (NYSE: NE) will deploy two offshore rigs to drill for TotalEnergies (EPA: TTE) off Suriname from December 2026.

Touchstone tests Trinidad gas and oil wells

According to an October 29 report by OilNow, Touchstone Exploration (TSX/AIM: TXP) recorded gas flow rates of up to 6,800 mcf/d (thousand cubic feet per day) during testing of the Carapal Ridge-3 (CR-3) well, located in Trinidad...

PetroChina explores 1,550-km oil export corridor linking South Sudan to Djibouti

PetroChina is exploring a proposed 1,550-km oil export corridor linking South Sudan to Djibouti through Ethiopia, alongside plans for a 300,000-cubic-metre petroleum storage terminal and a possible refinery at Djibouti's Damerjog Industrial Park.

Israel's Doral Group commences operations at Indiana-based solar power plant

Renewable energy developer Doral Group has initiated commercial operations at its 376 MW Indiana South facility, projecting $27.21mn in annual revenue.

South Africa’s fuel levy cuts lower diesel prices but leave petrol almost unchanged

South Africa’s temporary fuel levy reductions took effect on November 4, cutting the general levy by $0.18 per litre on diesel and $0.09 on petrol

Kyrgyzstan's Japarov warns Gazprom he will take back gas system if it fails to meet commitments

Kyrgyz President Sadyr Japarov has reportedly warned Gazprom Kyrgyzstan that he will take back the country's gas system, just as the state did in renationalising Kumtor gold mine, if the company does not meet obligations.

Israel's Volta Solar signs national solar panel agreement with Solarpaint

Volta Solar Ltd has signed a collaboration agreement with Apollo Power subsidiary Solarpaint to supply flexible solar panels for commercial real estate projects across Israel.

Petrobras refineries near full capacity as company makes third Equatorial Margin find

Brazilian state oil firm Petrobras ran its refineries at 98% of capacity in October and expects utilisation to stay close to the operational limit for the rest of the year, as it seeks to cut fuel imports.

Singapore's Seatrium secures $156mn FPSO deal from SBM Offshore

SBM Offshore (Euronext: SBMO) has awarded Singapore-based Seatrium (SGX: 5E2) a deal valued at over SGD200mn ($156mn) to carry out integration work on an FPSO vessel, a floating production, storage and offloading unit, destined...

Guyana offshore oil fields pass major output milestones

Liza 1, the first oil development off Guyana's coast, has produced more than 300mn barrels in total.

ADNOC Gas expected to post 3% annual decline in Q3 revenues

ADNOC Gas is expected to post third-quarter revenues of $4,708.7mn, a 3% y/y decline, alongside a sweeping new LNG trading initiative, according to consensus estimates.

Nigeria’s Conoil more than triples nine-month profit to about $4mn as third-quarter earnings fall 75%

Nigerian downstream petroleum marketer Conoil (NGX: CONOIL) reported a 262% rise in profit after tax to NGN5.31bn (about $4mn) for the nine months to September 30

Nigeria’s Dangote refinery crude receipts hit record 735,000 bpd in October

Crude receipts at Nigeria’s Dangote Petroleum Refinery in the Lekki Free Zone near Lagos averaged a record 735,000 barrels per day (bpd) in October, up 10.5% from 665,000 bpd in September, according to Argus vessel-tracking data.

KenGen risks losing $2.8mn investment in Stima SACCO after repayment default

Kenya Electricity Generating Company (KenGen) (NSE:KEGN), the country's largest electricity producer, risks losing KES363.03mn ($2.8mn) invested in Stima Investment Co-operative Society after the savings and investment society failed to repay funds