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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.

France pushes emergency oil release as G7 responds to diesel squeeze

France proposed releasing 50mn barrels of crude and 50mn barrels of diesel from European strategic stocks as governments sought to contain soaring fuel prices and head off threatened US restrictions on diesel exports.

Three ships collide off Norway’s coast, including chemical tanker Xanthia

A chemical tanker and two cargo ships collided in a narrow fjord near Ålesund on Norway’s west coast early on October 4, triggering a major emergency response but causing no injuries or pollution.

Kazakhstan’s KMG to deploy digital twins at 12 oilfields by 2028

Kazakhstan’s KazMunayGas plans to introduce AI-powered digital twins at 12 oilfields accounting for more than 90% of the group’s production by the end of 2028.

South Africa, Zimbabwe discuss $500mn dam to supply Limpopo industrial zone

South Africa and Zimbabwe are in talks over a $500mn dam in southern Zimbabwe that would pipe water across the border to an industrial zone in Limpopo province.

Azerbaijan says refining capacity reaches 600,000 bpd

Russian court jails man for 2023 sabotage at Kuybyshev refinery

A Russian military court has sentenced a Samara resident to 23 years in prison for carrying out a 2023 bombing at Rosneft’s 140,000 barrel-per-day Kuybyshev refinery, highlighting the security threat posed to Russian energy infrastructure.

Tanker owners turn to counter-drone systems as maritime attacks mount

Shipping companies are increasingly installing counter-drone systems on commercial vessels as attacks in the Middle East and Black Sea push security risks — and the cost of operating on exposed routes — to unprecedented levels.

NaftaGaz starts drilling at Gazprom Neft’s Ignyalinskoye field in Russia

NaftaGaz starts drilling at Gazprom Neft’s Ignyalinskoye field in Russia

Russia's budget suffers 17% dip in oil and gas revenues in Jan-Sept

Russia’s oil and gas revenues are falling despite higher crude prices, as lower output, a stronger ruble and record fuel-damper costs erode the fiscal benefit.

Uzbekneftegaz strikes gas condensate in Uzbekistan's Ustyurt region

Uzbek state oil company Uzbekneftegaz has discovered a new gas condensate field at Karatau in Uzbekistan’s Ustyurt region.

Delek's Ithaca Energy agrees $860mn purchase of Suncor's Canadian offshore assets

Delek Group's Ithaca Energy has agreed to buy producing offshore oil assets off Newfoundland and Labrador from Suncor for $860mn in cash, plus up to $250mn contingent on Brent prices.

Russia's ageing reactors leave a €21bn clean-up bill it keeps putting off

Russia is short of about €18.7bn ($21bn) to decommission 35 ageing nuclear reactors operated by Rosenergoatom, whose own estimate puts the total bill at about €21bn.

Uzbekistan's gas import bill climbs 15% as output slides 16%

Uzbekistan spent $1.21bn on gas imports in January-August, with the figure up 15.2% year-on-year, while its own natural gas production fell 16.3% to 24.2bn cubic metres.

Uzbekistan’s gas output slides 16% y/y as auto production climbs 9% in Jan-Aug

Uzbekistan’s natural gas production fell 16.3% y/y to 24.2bn cubic metres (bcm) in January-August, even as overall industrial production increased 8% to UZS 926.5 trillion ($78.8bn), according to the national statistical committee.

Iraq seeks higher oil production and export capacity as crisis eases

Iraq’s Oil Minister Basim al-Abadi said that the difficulties facing the country in recent months were beginning to ease, as the ministry works to increase crude oil production and export capacity.

Cameroon extends Tower Resources’ Thali licence as 42.5% farm-out awaits final approval

Cameroon has extended the initial exploration period for Tower Resources’ (AIM:TRP) offshore Thali licence by one year to October 2, 2027, clearing another step towards completion of a 42.5% farm-out to Prime Global Energies.

Ukraine says strikes have damaged 51% of Russia's refining capacity

"Damaging 51% of Russia's oil refining capacity is a serious blow to the enemy's economy, its ability to wage aggression, and to supply its forces," Defence Minister Yevhen Khmara said.

Electric and hybrid vehicles account for over half of Turkey's Jan-Sept car sales

Electric vehicles (EVs) and hybrid vehicles accounted for more than half of passenger car sales in Turkey in the first nine months of 2026.

Tanesco and CRDB launch electricity connection subsidies and loans in Tanzania

Tanesco and CRDB launch rural electricity connection subsidies and urban loans, with the bank aiming to help 500,000 Tanzanians connect annually.

Seychelles’ SEYPEC completes tanker sale as fleet renewal advances

Seychelles Petroleum Company (SEYPEC) has completed the sale of its long-haul tanker Seychelles Progress, advancing a fleet renewal programme that includes two new vessels under construction in China.

AEC, Canadian firm GSMS agree to explore LNG and LPG supplies to Africa

The African Energy Chamber has signed a two-year memorandum of understanding with Canadian project developer and commodities broker GSMS to explore LNG and LPG supplies from Canada to African markets, initially targeting West Africa.

Nigeria reiterates $139mn plan to settle gas-producer debts

Nigeria restates its NGN185bn ($139mn) gas-producer debt settlement plan, approved in December 2025, without detailing payments or a timetable.

Argentina’s YPF sets Vaca Muerta record with 4,770-metre slim-well lateral

Argentina's YPF has completed a 4,770-metre lateral section in a single run at a slim well in the Vaca Muerta shale formation, setting what the company described as the longest lateral drilled so far using the narrower-diameter design.

Former YPF investors ask US Supreme Court to revive $16bn Argentina case

Former investors in Argentina's state oil company YPF have asked the US Supreme Court to review a lower-court decision that overturned a $16bn judgment awarded over the country's 2012 nationalisation of the company.