Latest Stories
Singapore’s Samos Energy signs long-term charter with Indonesia’s Medco for Malaysian MOPU
Singapore-based Samos Energy has signed a new long-term bareboat charter with Indonesia’s Medco Energi for the West Desaru mobile offshore production unit (MOPU) offshore Malaysia.
Iraq widens Basrah crude discounts for October shipments
Iraq’s state oil marketer SOMO has offered deeper discounts on Basrah Medium and Basrah Heavy crude for October cargoes to encourage buyers to take delivery amid higher shipping costs and risks around the Strait of Hormuz
Russia’s Rosneft develops mobile well pad design to cut field construction costs
Russia’s Rosneft has developed a modular mobile well pad design that it says could cut construction times by two to three times and reduce capital costs compared with conventional facilities.
Russia to launch nationwide oil and gas resource reassessment in 2027
Russia’s federal subsoil agency Rosnedra will begin a nationwide reassessment of the country’s oil and gas resources in 2027, with updated estimates expected to be approved in 2029.
Solar Industries establishes Botswana explosives unit as Southern Africa expansion gathers pace
Solar Industries India Limited (NSE:SOLARINDS) has established a 65%-controlled explosives subsidiary in Botswana with an initial cash subscription of $325,000, extending its African footprint.
Africa’s power needs put gas and renewables in focus at AEW 2026
AEW 2026 sessions will discuss expanding access to reliable electricity, greater use of domestic gas resources and developing infrastructure to support industrial growth.
St Petersburg exchange plans to expand polymer, synthetic rubber trading
The St Petersburg International Mercantile Exchange plans to expand the range of polymers and synthetic rubbers traded on its platform under a cooperation agreement with Russian petrochemicals producer Sibur.
Germany seeks more Kazakh oil despite continued Druzhba suspension
Germany wants to increase imports of Kazakh crude as part of its effort to diversify away from Russian supply.
Russian seaborne crude exports approach 4mn bpd as prices lift cargo values
Russian seaborne crude exports climbed to almost 4mn barrels per day (bpd) in the week to September 27, while higher oil prices pushed the gross value of shipments to its highest weekly level since 2022.
Russia extends diesel export ban for producers through October
Russia has extended its temporary ban on exports of diesel, marine fuel and gasoil by domestic producers through October 31, as Moscow seeks to keep more fuel on the domestic market amid refinery disruption and elevated seasonal demand.
Venezuela advances oil deals, puts debt restructuring on hold
Venezuela’s interim government under President Delcy Rodríguez has postponed plans to restructure its external public debt and obligations owed by PDVSA, opting first to focus on oil contracts already signed or under negotiation, says a report.
Gazprom Neft and Aeroflot to work together on sustainable aviation fuel for Russia
Russian oil company Gazprom Neft and Aeroflot have agreed to cooperate on the production and use of sustainable and lower-carbon aviation fuels in Russia.
Kazakhstan pushes ahead with recovering environmental fine against Kashagan operator
Kazakhstan has resumed proceedings to recover a KZT2.3 trillion environmental fine from North Caspian Operating Company, operator of the giant Kashagan oilfield, after a court rejected the consortium’s attempt to block enforcement.
Oil flow through Kazakh-Russian CPC pipeline sees 4mn tonne decline this year
Oil exports through the Caspian Pipeline Consortium fell by around 4mn tonnes year on year between January 1 and September 25, as lower Tengiz production.
Germany orders state gas importer SEFE to ramp up purchases for storage
Germany has ordered state-owned gas importer SEFE to accelerate purchases for underground storage as the country enters the heating season with inventories well below the EU average.
Saudi Aramco considers oil discounts for Asian buyers
Saudi Aramco is weighing offering discounts on official selling prices (OSP) for oil being loaded near Oman to balance out a significant increase in freight rates.
Russia's Gazprom extends gas supply deal with Serbia to year-end
Russia’s state gas exporter Gazprom has extended its natural gas supply arrangement with Serbia for another three months, maintaining existing volumes and pricing through the end of December.
Kazakhstan's QazaqGaz spuds well targeting Shalkar gas block
Kazakhstan’s QazaqGaz and private local partner KOR Oil have started drilling the first exploration well at the Shalkar block in the western Aktobe region.
Gazprom sees 3.4% climb in gas output in H1
Russia’s state gas exporter Gazprom increased natural and associated gas production by 3.4% year on year in the first half of this year, supported by colder weather in Russia and stronger pipeline sales, including to China.
Qatar's Nakilat adds new LPG vessel to fleet
Qatar Gas Transport Company Limited, Nakilat, has officially inducted the 88,000 m3 Energy North into its operational fleet, the company confirmed in a corporate press release.
Ghana fuel marketers warn new tax rule threatens supply
Ghana’s fuel marketers are seeking suspension of Section 136 of the Customs Act, warning that shifting petroleum-tax liability to bulk suppliers could raise financing costs, delay revenue and threaten fuel supply.
Brazil's gas market opening up, ANP head says as regulator weighs Petrobras 'gas release'
Brazil is experiencing a broad opening of its natural gas market, the head of oil and gas regulator ANP said, adding the agency is weighing rules that would force dominant supplier state-owned oil company Petrobras.
Brazil tax appeals body rejects $540mn in Petrobras tax credits
Brazil's administrative tax appeals council Carf has rejected BRL2.79bn ($540mn) in tax credits claimed by state-owned oil company Petrobras.
Brazil’s Petrobras signs 22-year LNG supply deal with Cheniere
Petrobras has signed a 22-year agreement to buy liquefied natural gas (LNG) from a unit of US producer Cheniere Energy.
Brazil's September trade surplus more than doubles as oil exports head for record
Brazil posted a trade surplus of $6.45bn in the first four weeks of September, up 151.1% from a year earlier, as crude oil shipments headed for an all-time monthly record.
Follow us online