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Iran unveils 117-project push to lift crude output
Iran turns back tanker as Gulf flows rebound
Iran’s Revolutionary Guards ordered a tanker to turn back while transiting the Strait of Hormuz, amid a series of attacks on vessels which added to risks in the waterway even as regional oil flows recovered towards pre-war levels.
Tehran daily warns Hormuz closure is eroding Iran's leverage
Protracted restrictions on shipping through the Strait of Hormuz could weaken one of Iran’s key strategic levers by pushing Persian Gulf Arab states and global energy markets towards alternative routes, the conservative Quds newspaper said.
Apache workers back UK North Sea strike as Forties disruption risk disputed
More than 160 offshore workers employed by Apache have backed strike action in a pay dispute covering seven UK North Sea installations.
Norway’s Aker BP reshapes management around exploration-to-production value chain
Aker BP has appointed a new executive management team from the start of next year, as part of a reorganisation aimed at accelerating project development and reducing costs.
EBRD lends up to €55mn to Bulgarian copper producer Asarel Medet
The EBRD will provide a loan of up to €55mn to Bulgarian copper producer Asarel Medet to finance mine modernisation, exploration and renewable energy investments.
Orcadian loses US partner for offshore UK gas-to-data-centre project
UK upstream developer Orcadian Energy and an unnamed US data-centre company have abandoned plans to jointly develop the Earlham Gigagrid.
Halliburton rules out Sea Lion work as Argentina raises legal pressure
The company said Argentine authorities had raised questions over the potential criminal and civil enforcement of existing legislation, proposed new laws and regulations governing companies’ eligibility to contract in Argentina.
Norway’s Reach Subsea extends Deep Cygnus charter through March 2028
Norway’s Reach Subsea has exercised a one-year option to extend the charter of the Deep Cygnus subsea construction vessel through March 2028.
Norwegian shipbuilder Vard opens new engineering centre in Vietnam
Norwegian shipbuilder Vard, part of Italy’s Fincantieri, has opened a new design and engineering centre in Ho Chi Minh City, Vietnam, as it expands its technical workforce in Asia.
UAE’s ADNOC deepens Thai LNG push with Gulf Group supply deal
The deal covers 2mn tonnes of LNG.
Singapore’s Seatrium wins ninth Karpowership FSRU conversion
Singapore’s Seatrium has secured a contract from Karpowership to convert the LNG carrier LNGT Akdeniz into a floating storage and regasification unit (FSRU), marking the ninth such project between the companies.
ConocoPhillips eyes the door after six decades in Norway
ConocoPhillips is weighing a potential exit from Norway after receiving an unsolicited bid for its upstream business and Teesside terminal.
Zimbabwe-focused Premier raises $1.6mn to restart processing at Zulu lithium project
Premier African Minerals (AIM:PREM) has raised about $1.6mn before expenses to restart processing at its Zulu lithium and tantalum project in Zimbabwe
Azerbaijan’s SOCAR completes first 3D OBN seismic survey at Gunashli oilfield
Azerbaijan’s SOCAR has completed its first 3D ocean-bottom node seismic survey in the Caspian Sea, targeting the shallow-water section of the mature Gunashli oilfield.
Shareholders in Russia’s Novatek approve RUB35.5 interim dividend
Shareholders in Russia’s Novatek have approved an interim dividend of RUB35.5 ($0.42) per share for the first half of 2026, unchanged from the payout for the same period last year.
Nigeria launches $300mn distributed renewable energy fund for mini-grids and off-grid power
The NSIA and Africa50-managed fund is designed to channel capital into mini-grids, standalone solar, battery storage and commercial power projects, with the World Bank providing an initial $25mn through IDA.
Uzbekistan cuts gas exports as fuel imports rise
Uzbekistan’s natural gas export revenues fell 34.8% year on year to $322.3mn in January-August 2026, as declining domestic production increased pressure on the country’s energy balance.
Milei pitches Argentina’s energy and critical minerals to European investors
President Javier Milei told European investors in Paris on October 1 that Argentina could become a reliable supplier of energy and critical minerals, promoting the country's resources and investment framework .
Eni extends fuel discounts to Italian agriculture and fishing sectors
Italy’s Eni has extended its fuel-price relief programme to the country’s agriculture and fishing sectors as high energy costs continue to pressure businesses and consumers.
Russia moves to open offshore sector to private oil companies
Russia’s natural resources ministry has proposed opening the country’s continental shelf to a wider group of domestic oil and gas companies, seeking to accelerate development of vast offshore resources.
South Sudan’s Kiir visits Kenya for talks on $16bn Lamu refinery and December elections
South Sudan is exploring a possible role in Kenya’s planned $16bn Lamu refinery as Juba looks to diversify oil-export options beyond Sudan, though no crude-supply, pipeline or equity agreement has yet been announced.
JERA creates dedicated oil storage arm as Japan strengthens reserves management
Japan’s JERA has established a dedicated subsidiary to manage its national oil stockpiling operations, months after Tokyo tapped emergency reserves in response to disruption to Middle Eastern crude supplies.
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