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IMF urges Pakistan to end fuel support scheme
The International Monetary Fund has told Pakistan to wind down its fuel support scheme, saying it is too expensive and covers too many people.
Coal India denies shortfall in NTPC fuel supplies
Coal India Ltd (NSE: COALINDIA) said it delivered more coal to NTPC Ltd (NSE: NTPC) than its contracts require, rejecting any supply gap even as several of the power producer's plants ran short of fuel.
Uzbekistan begins GTL plant privatisation, IPO preparations
Uzbekistan has begun preparations to privatise Uzbekistan GTL, the country's gas-to-liquids synthetic fuel plant, and launch an initial public offering (IPO).
Turkey’s energy storage sector targeting 5 GWh of capacity in 2027
Turkey's energy storage industry is targeting the delivery of 5 gigawatt-hours (GWh) of energy storage capacity next year, with access to affordable financing seen as key to accelerating investments.
Aramco widens onshore pipeline tender drive
Türkiye begins Eastern Black Sea seismic survey
State-owned TPAO has begun seismic acquisition off Trabzon in the Eastern Black Sea
CNOOC begins exploration push on Iraq's Block 7
Chin’s CNOOC has started exploration work at Iraq’s Block 7
Iran cuts 2029 petchem capacity target by 15.6% after Israeli strikes
Iran has slashed its 2029 petrochemical production capacity target by 15.6% after Israeli air strikes damaged major plants and disrupted output.
Iran plans Kharg oil terminal upgrades to safeguard crude exports
Iran has created investment opportunities to upgrade infrastructure at Kharg Island, which handles almost 90% of the country’s crude oil exports, to maintain the terminal’s operational readiness and sustain shipments.
South Korea battery ETFs surge on AI data centre demand
Exchange-traded funds (ETFs) tied to secondary battery makers took eight of the 10 top spots on the South Korean stock market in October.
BEYOND THE BOSPORUS: Why Azerbaijan’s official news agency lifted lid on Turkey’s hidden trade with Israel
Report exposing cargoes shipped to Israeli ports came after President Aliyev made fiery address complaining of interference in his country’s affairs.
Tankers reportedly hit by sea mines in Hormuz
Several powerful explosions rocked the Strait of Hormuz after tankers hit sea mines.
Citi questions leadership of Colombia's Ecopetrol, Vanezuela offers growth potential
Citi has questioned whether Ecopetrol’s new president, Joaquín Gutiérrez, has the experience needed to lead Colombia’s state-controlled oil producer, while identifying potential growth opportunities in Venezuela and unconventional hydrocarbons
Spanish Cox secures 15-year solar power deal with Colombia’s EPM
Spanish energy and water infrastructure group Cox has signed a 15-year agreement to supply Colombia’s Empresas Públicas de Medellín (EPM) with about 115 GWh of solar electricity annually, backed by a €40mn ($44.8mn) investment
Serbia eyes US partnership for 2,400 MW hydropower storage project
Serbia is seeking US partners for a planned 2,400-megawatt pumped-storage hydropower plant on the Danube that could help balance electricity supply across Southeast Europe.
Nigeria offers 40 oil and gas blocks in new licensing round to boost production
Nigeria launches a 40-block oil and gas licensing round as it targets 3mn bpd by 2030, with investors eyeing up to $50bn in offshore opportunities.
Namibia's trade deficit narrows to $235mn in August on stronger uranium exports
Namibia's merchandise trade deficit narrowed to NAD3.9bn ($235mn) in August 2026 from NAD5.9bn in July, as increased uranium shipments drove an 18.8% monthly rise in total exports
Croatia secures €30mn in EU grants for geothermal heating projects
Croatia has secured €30mn in European Union grants to develop geothermal energy projects in four cities, bringing the total investment planned across two phases to more than €86mn, the economy ministry said.
Ukraine’s electricity exports outpace imports as businesses prepare for winter outages
Ukraine’s electricity exports rose to their highest monthly level in two years in September, exceeding imports more than sixfold, while businesses continued preparing for power disruptions ahead of the 2026-2027 winter season.
Brazil’s electrified car sales cross 1mn milestone
QatarEnergy joins Petrobras in Brazil’s Equatorial Margin push
QatarEnergy has secured a 30% stake in seven offshore exploration blocks in northeastern Brazil alongside state-controlled Petrobras, expanding its presence in the country’s oil and gas sector as the government opens new areas for exploration.
Petrobras leads Brazil oil auctions despite limited competition
Petrobras committed more than BRL3.2bn ($590mn) in signing bonuses for 21 exploration blocks at Brazil’s latest oil auctions, accounting for most of the government’s proceeds as competition for new acreage remained limited.
Framo signs major Brazil’s Petrobras deal covering 30 offshore platforms
Norwegian pump manufacturer Framo has secured a four-year agreement to service pumping equipment across approximately 30 floating production, storage and offloading vessels (FPSOs) operated by Brazil’s Petrobras.
Brazil seeks more new oil basins as pre-salt output nears peak
Brazil is preparing to open additional areas for oil exploration, including offshore blocks in the south and projects using hydraulic fracturing.
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