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EU faces 14 bcm winter gas shortfall as storage remains at record low

It could force a 7% reduction in consumption, according to the IEEFA.

Valeura starts Wassana oil platform installation in Thailand two months ahead of schedule

Canada's Valeura Energy has begun offshore installation work at its Wassana oilfield redevelopment project in the Gulf of Thailand, approximately two months ahead of schedule.

EU faces 14 bcm winter gas shortfall as storage remains at record low

It could force a 7% reduction in consumption, according to the IEEFA.

Germany to release up to 15mn barrels from oil reserves under G7 agreement

Germany plans to release up to 15mn barrels of crude oil and refined petroleum products from its strategic reserves as part of a G7-backed effort to alleviate fuel shortages and contain soaring energy prices.

Eni agrees to sell stakes in seven Indonesian oil and gas blocks to Pertamina and Medco

Italy's Eni (BIT:ENI) has signed two binding agreements to sell minority interests in seven Indonesian oil and gas blocks to state-owned Pertamina and Medco Energi, as the company seeks to monetise its recent exploration successes.

Nigeria meets OPEC crude quota for fifth consecutive month as September output rises

Nigeria pumped 1.53mn bpd of crude in September, 102% of its OPEC quota, as combined crude and condensate output rose 2.34% to 1.72mn bpd, NUPRC data show.

Shell agrees to sell Nigerian gas distribution business to Vaaris Energy

Shell has agreed to sell Shell Nigeria Gas, which supplies more than 130 industrial customers via 170km of pipelines, to Nigerian firm Vaaris Energy.

Senegalese executive leads reported $1bn management buyout of Oryx Energies

The reported buyout would hand one of Africa’s largest independent fuel trading and distribution networks to the executives who already run it, after an earlier approach by financier Simon Tiemtoré’s Lilium Capital.

Ecuador's Petroecuador lifts force majeure on SOTE pipeline

State-run EP Petroecuador has lifted the force majeure it declared on the Trans-Ecuadorian Pipeline System (SOTE) and returned crude transport to its regular capacity of 312,000 barrels a day, El Universo reported.

Mexico's reliance on US pipeline gas hits record as storage gap leaves power sector exposed

Mexico imported a record average of 6.8Bcf/d of US natural gas between January and July 2026, up 1.8% year on year, according to the US Energy Information Administration (EIA).

Syria cuts import duties on machinery and renewable energy equipment

Syria has reduced customs duties on selected industrial machinery components, renewable energy equipment and medical devices under a presidential decree intended to lower production costs and encourage investment.

Colombia consultant sees gas import reliance easing within three years

Colombia’s dependence on imported gas could begin to ease within one to three years, though not to full self-sufficiency, energy consultant Nelson Baldeón said

Kenya’s $620mn Nairobi pact lags as governor says three of 40,000 streetlights installed

Only three of 40,000 streetlights planned under Nairobi’s KES80bn ($620mn) development agreement with Kenya’s national government have been installed, Governor Johnson Sakaja said on October 12.

Tanzania nears agreement on $42bn LNG project after years of delays

Tanzania’s finance minister says the long-delayed $42bn Equinor and Shell-led LNG project is close to agreement, but definitive accords and FID remain pending.

Trump's energy ceasefire announcement raises more questions than answers

Trump's claim of a Russia–Ukraine energy ceasefire remains unsubstantiated, raising concerns that a narrower deal could benefit Moscow more than Kyiv ahead of winter.

YPF to invest $400mn in new Argentine processing plant

Argentina’s national oil company YPF announced that it has inaugurated its $400mn Crude Oil Treatment Plant and integrated gas compression facility at the La Angostura Sur field.

Chevron to invest $90mn in El Salvador fuel network

US energy company Chevron (NYSE: CVX) will invest $90mn in El Salvador over the next five years.

Guyanese crude slumps to record lows as freight rates spike

Soaring global shipping costs have dealt a severe blow to South America's fastest-growing energy producer, pushing assessments for Guyanese crudes to their weakest levels relative to Dated Brent since 2023.

Iraq's Kurdistan targets threefold increase in gas output

Iraq's Kurdistan region could increase natural gas production from 1bn to 3bn standard cubic feet per day.

US considers expanding strategic financing for Argentina’s energy and mining projects

The United States is considering expanding strategic financing for energy, mining and infrastructure projects in Argentina beyond the $7bn framework announced by its Export-Import Bank in September.

Guyana's oil revenues to reach unprecedented heights in 2031, IMF projects

Guyana’s Natural Resource Fund (NRF) is on track to reach an unprecedented $34.9bn by 2031, the International Monetary Fund projected.

Brazil's Oceanica signs $71mn diving contract with Petrobras

Brazil energy investment needs to reach $662bn by 2036

Brazil will need around $662bn in energy investments between 2027 and 2036, according to the government's latest ten-year energy plan.

Iran’s Yaran oilfield output grows 20%, targets 23,000 bpd

Iran’s Yaran oilfield raised crude production by 20% in the first half of the current Persian calendar year, which ended on September 22, and is targeting output of 23,000 barrels per day in the second half, its development project manager said.

Petrol use down by 7% in Iran amid push for cheaper CNG

Iran cut petrol consumption by 7% in a month through a campaign urging motorists to leave their cars at home on Tuesdays, government spokeswoman Fatemeh Mohajerani said.