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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.

PAE to invest $1.2bn in Argentina’s Cerro Dragón conventional oil field

Pan American Energy will invest about $1.2bn to extend production at its Cerro Dragón oil field in Argentina, with the programme including new polymer-injection facilities, 100 producer and injector wells and work on about 600 existing wells.

TotalEnergies plans $10bn investment in Argentina, CEO says

French energy company TotalEnergies plans to invest $10bn in Argentina across several projects, including new drilling in Tierra del Fuego and an expansion of gas production in Neuquén.

Eco secures Namibia approval for BP offshore licence farm-down

Eco (Atlantic) Oil & Gas Ltd (AIM: ECO, TSXV: EOG) (Eco) has secured final Namibian government approval to farm down a 60% interest in three offshore exploration licences to BP, clearing the final government approval required for the transaction.

Africa-focused IPP Globeleq reaches financial close on $52mn Zambia solar project

Globeleq has reached financial close on a 40 MWac solar power project in Zambia after securing $52.1mn in long-term financing, advancing investment in new generation capacity as the country seeks to reduce its vulnerability to power shortages.

Israel's Doral Energy gets green light for mega solar project in Indiana

Doral Energy Group has secured regulatory building permits to construct a 1.1 GW solar array as part of its Phase B Mammoth project expansion in Indiana, the United States.

Lebanon strikes down electricity tariff, potentially causing friction with crucial lenders

Lebanon's Cabinet has blocked a proposal to adjust state electricity prices, potentially causing friction with the IMF and World Bank, with one such move considered critical for meaningful structural reform.

South Africa pushes private transmission tender to 2027 for further bidder consultation

South Africa will issue a second draft tender package before year-end, with the final request for proposals targeted for Q2 2027. Further consultation will address bidding and financing issues for approximately 1,164 km of transmission infrastructure

Israel's Ithaca Energy acquires all of Eni's UK oil and gas assets

Ithaca Energy, the North Sea operating arm of Israel’s Delek Group, executed a definitive share-swap agreement to acquire all UK oil and gas production assets of Italian energy giant Eni.

Iran war's Hormuz shock is biggest energy disruption on record - McKinsey

The closure of the Strait of Hormuz is the largest energy supply disruption in modern history, but the world has coped better than feared thanks to shock absorbers built after the 1970s, the McKinsey Global Institute says in a report published on...

Skeleton Coast Uranium completes Namibia data programme, defines exploration targets

Skeleton Coast Uranium Corp. (TSXV: SKEL, OTC: GLIIF, FSE: KDM0) (Skeleton Coast) has completed the digitisation of historical exploration data across its five uranium licences in Namibia’s Erongo Region.

Dangote refinery opens potential 1mn-tonne cement market for Bamburi

Bamburi Cement is pursuing a supply deal for Dangote’s planned East Africa Petroleum Refinery in Lamu. The company estimates it will require about 1mn tonnes of cement and concrete products overall, but no supply agreement has been announced.

Tanzania launches scheme to cut electricity connection costs for rural households

Tanzania’s state power utility Tanesco and CRDB Bank (DSE:CRDB) launch rural connection subsidies and urban loans in Tanzania, targeting 500,000 household electricity connections annually.

Kazakhstan to launch fourth oil refinery by 2033

Kazakhstan plans to bring a fourth major oil refinery into operation by 2033, Daulet Arykbayev, director of the Oil Transportation and Refining Department at the Energy Ministry, has said.

Malaysia budget likely to give targeted chip sector support

Renalfa, Eurowind Energy launch major solar and storage project in Bulgaria

Renewable energy developers Renalfa IPP and Eurowind Energy have inaugurated a 242 megawatt-peak (MWp) solar power plant paired with battery storage in southeastern Bulgaria, one of Europe's largest hybrid renewable energy projects.

Billionaire Solorz's Argumenol bids for 34% ZE PAK stake to delist Polish utility

The family of Polish billionaire Zygmunt Solorz announced on October 2, through its Cypriot special purpose vehicle Argumenol, a voluntary tender offer to acquire the remaining publicly held shares in power group ZE Pątnów-Adamów-Konin (ZE PAK).

Poland's Orlen puts windfall fuel tax charge at PLN2bn (€456mn) for March-August

Poland's largest energy group Orlen said on October 2 that it estimated its liability under the new windfall tax on fuel profits at PLN2bn (€456mn) for the March–August 2026 period, as President Karol Nawrocki signed the legislation into law.

El Niño, oil shocks and broken utilities turn the Philippines into Asia's water crisis test case

The Philippines must deploy PHP1.07 trillion ($17bn) in fresh capital expenditures through 2030 to upgrade its water and sanitation network or face acute supply deficits within fifteen years.

South Korea's Saudi crude oil import share falls below 30%

Saudi Arabia's share of South Korea's crude oil imports fell below 30% for the first time in five years.

Philippines’ ERC restores $375mn to Napocor, hikes tariffs

Regulators cleared state-owned National Power Corp (Napocor) to recover PHP23.52bn ($375mn) in previously denied expenses from electricity users, clearing a decade-long backlog of 26 tariff applications.

China launches 100MW carbon dioxide power storage

China linked its first 100MW-class compressed carbon dioxide energy storage facility to the grid on October 2, marking a technological breakthrough for zero-carbon energy storage.

Vietnam starts Mekong Delta rice and biomass energy complex

Construction began in Vietnam's Can Tho City on October 3 on a rice processing complex with annual capacity of 500,000 tonnes and an attached biomass fuel supply centre.

Pakistan promises IMF sale of nine power distributors by 2027

Pakistan has told the International Monetary Fund it will sell nine state-owned electricity distribution companies by December 2027.