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Moldova seeks long-term gas suppliers as prices exceed forecasts

Moldova is seeking long-term natural gas supply contracts ahead of the coming winter as international prices have risen well above the level initially expected by the government, Prime Minister Vasile Tofan said at a government meeting.

Indonesia's energy minister gains downstreaming coordinator role

President Prabowo Subianto has handed Energy and Mineral Resources Minister Bahlil Lahadalia a second post as coordinating minister for downstreaming and energy transition

Namibia’s Custos to transfer PEL 90 stake to Chevron affiliate in $11mn deal

Custos Energy is transferring its 10% participating interest in Namibia’s PEL 90 offshore licence to Chevron affiliate Harmattan Energy in an $11mn deal while retaining exposure to future upside.

China delivers BEST reactor site for fusion breakthrough

China delivered the project campus for its Burning Plasma Experimental Superconducting Tokamak (BEST) in Hefei, Anhui province.

US, South Korea sign $120bn nuclear power deal

Washington and Seoul signed a $120bn framework agreement to construct eight nuclear reactors across the US.

Hyundai Motor, Kia set historic US sales record

South Korea's LS Electric wins $133mn transformer contract

LS Electric (010120.KS) has secured a KRW180bn ($133mn) contract to supply ultra-high-voltage transformers to an unnamed US technology major.

South Korea group wins $618mn Vietnam power plant

A South Korean consortium led by Doosan Enerbility (034020.KS) has secured an KRW840bn ($618mn) contract to build a gas-fired combined-cycle power plant in Vietnam.

Vietnam extends petroleum tax exemptions through December

Vietnam will keep several fuel-related taxes at zero through December as it moves to support energy security and contain domestic prices.

MOL fails to secure licence for share swap deal involving the private equity fund of Istvan Tiborcz

Polish PSE and Czech ČEPS successfully test cross-border power system restoration procedures

Polish and Czech power grid operators Polskie Sieci Elektroenergetyczne (PSE) and ČEPS carried out a test to restore the Polish electricity system using a top-down approach with the support of a neighbouring transmission system operator.

Motorists abandon cars, march through Ulaanbaatar to protest against fuel shortages

Motorists reportedly abandoned their cars and marched through the centre of Mongolia’s capital Ulaanbaatar to protest against the country’s worsening fuel shortages.

UNCITRAL tribunal suspends arbitration proceedings between Poland's Tauron and ArcelorMittal

The arbitral tribunal appointed in proceedings conducted in accordance with UNCITRAL's arbitration rules has issued an order suspending the arbitration proceedings between Polish utility Tauron Polska Energia and the ArcelorMittal Group.

Morocco extends transport support as fuel prices rise

The Moroccan government will continue providing direct and exceptional financial support to freight and passenger transport professionals as international fuel prices rise

Putin puts cost of Ukrainian refinery strikes at 1% of Russian GDP

Russian President Vladimir Putin has estimated that Ukrainian attacks on the country’s oil refineries have cost Russia around 1% of GDP, acknowledging that Kyiv’s campaign has had a measurable economic impact.

Amplitude Energy takes FID on Australian East Coast gas project

Australia’s Amplitude Energy has taken an FID on its East Coast Supply Project in Victoria’s offshore Otway Basin, targeting first gas in 2028 and gross production of up to 90 TJ per day.

Condor seeks $47mn to fund Uzbekistan gas compression and Kazakhstan LNG

Canada’s Condor Energies is seeking to raise up to C$65mn ($47mn) to fund gas infrastructure in Uzbekistan and its first modular LNG plant in Kazakhstan, as the company moves to monetise rising production from its Central Asian operations.

Moldova warns high gas prices threaten winter affordability

Moldovan Prime Minister Vasile Tofan has warned that elevated European gas prices pose a serious financial risk for the country this winter, despite Chisinau having already contracted more than 90% of its seasonal requirements.

Russia’s Gazprom Neft says domestic software has replaced 93% of foreign oil and gas IT

Russia's oil and gas sector has replaced almost 93% of the foreign software covered by its industry import-substitution programme with domestic alternatives.

Ecuador blackout risk rises as hydropower reserves weaken

Ecuador could face electricity restrictions for households and businesses in November and December as water levels supporting its main hydroelectric plants decline, energy analyst Fernando Salinas warned

Key Thailand-Malaysia gas pipeline shut after inspection identifies fault

Trans Thai-Malaysia Ltd., a 50:50 joint venture between Thailand’s PTT and Malaysia’s Petronas, has temporarily shut the Songkhla export pipeline after identifying an unspecified problem during a routine inspection.

Brazilian oil firm’s Petrobras P-80 FPSO leaves Singapore for Búzios field

Brazilian oil giant Petrobras said on September 30 its P-80 FPSO left Singapore that day for Brazil’s giant Búzios pre-salt oilfield, where it is scheduled to start production in 2027.

House Democrats seek answers on US stake in Venezuelan oil firm

Senior House Democrats are pressing the Trump administration for details of a US-backed Venezuelan oil agreement, escalating congressional scrutiny over a deal that could give Washington an equity position in North American Blue Energy Partners

UK sanctions eight vessels and Novatek trading arm over Russian LNG shipments

The UK has sanctioned eight vessels linked to Russian LNG transportation and Novatek's Singapore-based trading subsidiary, as London steps up restrictions on the shipping network supporting Russian gas exports.

Cuba expands solar capacity as storage push targets October

Cuba has installed 1,418 MW of photovoltaic capacity across 144 solar parks and plans to exceed 1,500 MW by the end of 2026, while preparing another 100 MW of electricity storage for October as it seeks to reduce pressure on its national grid