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Three vessels come under attack in Strait of Hormuz

Three vessels were hit by “unknown projectiles” in the Strait of Hormuz on September 29, the United Kingdom Maritime Trade Operations Centre said a day later, as tensions between Iran and the United States continue to play out in the waterway.

Kazakhstan restarts collection of $5.2bn Kashagan fine

Kazakhstan has reportedly restarted enforcement proceedings to collect a KZT 2.3 trillion ($5.22bn) environmental fine from the consortium operating the Kashagan oilfield.

Kazakhstan's Tokayev, Germany's Merz discuss Ukraine, oil supplies and investment

The leaders of Kazakhstan and Germany discussed the war in Ukraine, energy supplies, critical minerals and economic ties during President Kassym-Jomart Tokayev’s visit to Berlin on September 29.

Indonesian solar makers redirect exports to domestic market after US tariffs

Indonesian solar panel manufacturers are redirecting output to the domestic market after the US imposed additional tariffs of up to 114% on their exports.

Petronas shuts Songkhla pipeline, warns of gas supply disruptions

Malaysian state energy company Petronas has temporarily shut down the Songkhla export pipeline after detecting a problem during a routine inspection.

Indonesia undecided on extending industrial LNG discount into 2027

Indonesia's Ministry of Energy and Mineral Resources has not begun discussing whether to extend the discounted liquefied natural gas price offered to industrial users beyond the end of this year.

Indonesia pivots downstreaming drive to EV batteries, storage

Indonesia is moving its mineral downstreaming programme into a second phase focused on electric vehicle battery manufacturing, battery energy storage systems and other high-value industries.

Polish entrepreneurs commit €114.6mn to SGE’s SMR project

A group of Polish entrepreneurs has committed PLN500mn (€114.6mn) in their own capital to develop small modular reactors (SMRs), Polish billionaire investor Michał Sołowow announced on September 30.

Pharos Energy's revenue surges 30% on Vietnam growth

Pharos Energy (PHAR) has reported a sharp rise in first-half revenue, helped by stronger oil prices and higher sales volumes from Vietnam,

Venezuela’s oil revival faces power, technology and talent shortages

Venezuela’s push to attract foreign investment and increase oil production faces major constraints in electricity, technology, supply chains and skilled labour, issues repeatedly highlighted at the Venezuela International Oil and Gas Summit

Venezuela’s oil deals keep billions outside public oversight

Venezuela’s system for managing strategic resources continues to rely on confidential agreements that keep significant flows of money outside conventional public oversight, with oil, gold and food imports forming three prominent channels

US eases some Venezuela energy restrictions with updated OFAC licences

The changes allow companies to advance work on prospective oil, gas, petrochemical and electricity projects, although some activities will still require separate approval from OFAC

Mitsubishi invests JPY500bn to expand LNG Canada project

Mitsubishi Corp will invest about JPY500bn to expand production capacity at the LNG Canada project in western Canada.

Azadegan makes cut for Iran's priority investment list

Iran has included the shared Azadegan oilfield on its list of 20 major projects aimed at boosting investment and foreign-currency earnings, with development of the country’s largest oilfield under way for four months, a senior official said.

Fitch says Turkey’s Petkim suffering from “structural overcapacity in European chemicals market”

Turkish petrochemical producer Petkim (IST: PETKM) is suffering from “structural overcapacity in the European chemicals market”, according to Fitch Ratings.

Brazil’s Petrobras locks in US LNG supply for 22 years

Brazilian state-controlled oil company Petrobras has signed a 22-year agreement to purchase liquefied natural gas from US exporter Cheniere Marketing, securing about 800,000 tonnes per year under a free-on-board arrangement.

Mexico eyes $7bn oil windfall in 2027, but history of Pemex overspending clouds forecast

Mexico's federal government is projected to book net oil revenue of MXN127bn ($7.1bn) in 2027, its first since 2024, provided it keeps support for state oil company Pemex in check.

Cox expands in Central America with 75.2 MWp solar project in Guatemala

Spanish group Cox is expanding in Central America with the Chiquimulilla photovoltaic project in Guatemala, a 75.2MWp installation that ranks among the largest solar complexes in the country's market, the company said.

EU completes €3.3mn smart meter project in northern Kosovo

Nigeria crude offers exceeded completed refinery deals by 70mn barrels — NUPRC

Nigerian crude producers offered 182mn barrels to domestic refiners between January and August 2026, but transactions were completed for 112mn barrels, leaving a 70mn-barrel gap between offers and deals

Zambia signs $2.14bn UAE MoUs, seeks power investment for copper drive

Zambia signed MoUs worth $2.14bn with UAE partners as it seeks investment in energy, healthcare and other sectors tied to its copper-growth strategy.

After financing doubts last year, Tajikistan’s Rogun is on rise again

Critics cry foul after World Bank OKs $300mn.

Indian Oil revives Haldia petrochemical expansion as land hurdle eases

Indian Oil Corp.is reviving plans for a downstream chemicals project alongside its Haldia refinery in eastern India, after the West Bengal government offered to help resolve a long-standing shortage of land for expansion.

France’s Technip Energies wins Petkim contracts for proposed Turkish petrochemical complex

France’s Technip Energies has secured engineering and technology contracts from Petkim for a proposed integrated petrochemical complex at Aliağa in Türkiye.

Westlake to close Cologne PVC plant as European chemicals pressure persists

Westlake will permanently close its 165,000-tonne-per-year polyvinyl chloride (PVC) plant in Cologne, Germany, as weak demand, high energy costs and increasing Asian imports continue to undermine the competitiveness of European chemicals.