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Seadrill secures $420mn drilling contract in Indonesia
Offshore drilling contractor Seadrill has secured a contract worth approximately $420mn for its West Carina ultra-deepwater drillship in Indonesia, strengthening its position in Southeast Asia.
China’s producer inflation hits four-year high as energy costs surge
China's producer prices rose at their fastest pace in more than four years in September, driven by surging oil and commodity costs as the Middle East conflict continued to disrupt international energy markets.
Arkle Resources reports maiden uranium discovery at Namibia’s ULG target as eight of nine holes hit mineralisation
The reconnaissance results give Arkle a second uranium target in Namibia's Erongo region, home to the Rössing and Husab mines, and a path towards a maiden resource estimate in 2027.
Mexico's fracking plan to cut US gas imports sparks protests
Residents and activists in northern Mexico are organising against government plans to assess fracking in the Burgos and Sabinas basins.
Indonesia’s Pertamina boosts fuel deliveries to Bali after shortages trigger lengthy queues
Indonesia's state-owned energy company Pertamina has stepped up fuel deliveries to Bali after supply disruptions left petrol stations without sufficient stocks, triggering lengthy queues and traffic congestion across the popular tourist island.
High fuel prices accelerate decline in China's gasoline demand
High gasoline prices are encouraging Chinese motorists to switch to rail transport and electric vehicles, contributing to a decline in road fuel consumption despite continued growth in overall passenger travel.
Guyana collects $1.9bn as oil exports reach $15bn
Guyana shipped $15bn worth of crude oil abroad in the first six months of 2026 but collected just $1.9bn from the sector over that period.
Pertamina reports hydrocarbon discoveries in eight exploration wells in Indonesia
Indonesia's state-owned oil and gas company Pertamina has encountered hydrocarbons in eight exploration wells, as the country intensifies efforts to discover new reserves and reverse declining domestic production.
Guyana's oil savings fund set to hit $34.9bn by 2031
Guyana's sovereign oil savings could reach $34.9bn by 2031, the International Monetary Fund (IMF) forecast, a sharp upgrade on the figure it published a year earlier.
Barge to support ExxonMobil gas pipeline repair off Guyana
Neptune Americas will deploy its NP 289 multipurpose barge to help ExxonMobil (NYSE: XOM) inspect and maintain a natural gas pipeline offshore Guyana between October 14 and December 1, 2026.
Argentina’s Neuquén collects 85% of Córdoba’s revenue on Vaca Muerta oil boom
Neuquén province collected ARS 746.4bn (around $492mn) in September, equivalent to 85% of the revenue recorded by Córdoba despite having nearly five times fewer residents.
Brazil’s Lula defends fuel subsidies as inflation tops target before runoff
Brazilian President Luiz Inacio Lula da Silva defended his government's fuel subsidies, saying they were needed to stop the energy crisis caused by the Middle East conflict from further driving up food prices.
TGS, SLB launch second 3D seismic survey in Brazil's Pelotas basin
Norwegian energy data provider TGS and its joint venture partner SLB will carry out a new multi-client 3D seismic survey covering around 11,200 square kilometres offshore southern Brazil.
EU considers new windfall tax on oil and gas companies as energy crisis deepens
Brussels is considering another windfall tax on oil and gas companies to ease consumer energy costs, despite legal uncertainties and industry investment concerns.
Argentina asks international tribunal to halt UK Falklands oil project
Argentina escalated its diplomatic confrontation with the United Kingdom over the Falkland Islands (also known as Malvinas) by formally requesting an international maritime tribunal to halt the development of a major offshore oil project.
Argentine President Javier Milei to meet US oil magnate Harold Hamm in Washington
Argentine President Javier Milei is scheduled to meet US energy billionaire Harold Hamm in Washington on October 14 as part of his fifth visit to the United States this year aimed at strengthening business ties and attracting investment to Argentina.
Sunda Energy advances New Zealand offshore gas exploration permit application
UK-listed Sunda Energy has moved a step closer to securing an offshore exploration permit in New Zealand's Taranaki Basin.
BP refining margins triple as debt falls sharply, but further writedowns loom
UK energy major BP expects its refining margins to have nearly tripled year on year in the third quarter of 2026, benefiting from disruptions to global oil and petroleum-product supplies caused by the Middle East conflict, while warning of impairment
Germany proposes €3bn strategic gas reserve funded by consumer levy
Germany plans to establish a national strategic gas reserve costing up to €3.08bn ($3.45bn) over ten years, financed through a new levy on consumers, as Berlin seeks to strengthen energy security against major supply disruptions.
TotalEnergies to cut French diesel prices as government releases emergency reserves
France's TotalEnergies plans to cut diesel prices at its 3,300 filling stations across France from November 1, passing on savings from the government's decision to release 10mn barrels of diesel from strategic reserves to ease pressure on consumers.
Equinor signs five-year deal to supply 0.9 bcm of Norwegian gas annually to Eneco
Norway's Equinor has signed a five-year agreement to supply approximately 0.9 billion cubic metres of natural gas annually to Dutch energy company Eneco, strengthening its position in the European gas market as buyers prioritise supply security.
UK faces mounting pressure to approve Rosebank and Jackdaw as study warns of $14.3bn economic loss
The UK faces mounting pressure to approve the Rosebank oilfield and Jackdaw gas field in the North Sea, after a new industry-commissioned study warned that blocking further offshore developments could cost the UK economy £10.8bn over a decade.
Norway’s Equinor discovers up to 10.3mn boe of gas at Gullfaks South
Norway's Equinor has discovered between 3.3mn and 10.3mn barrels of oil equivalent of recoverable gas at the Gullfaks South field in the North Sea, the company hailing its success in cost-effective exploration around existing offshore infrastructure.
Transocean adds $1.1bn to drilling backlog with Norwegian offshore contracts
Offshore drilling contractor Transocean has added approximately $1.1bn to its firm contract backlog following the approval of a major drilling agreement with Equinor (OSE:EQNR) and a new contract with Shell offshore Norway.
Ireland’s Ryanair warns high jet fuel prices could persist until 2028
European airlines could face elevated jet fuel costs and higher ticket prices well into 2028 as disruptions to global refining and fuel supplies caused by the Middle East conflict continue, according to CEO O'Leary.
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