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Meralco tenders 900 MW baseload power supply in Philippines
Manila Electric Company (Meralco, PSE: MER) has launched a competitive tender for 900 megawatts (MW) of baseload power supply under a 15-year contract, with deliveries due to start in 2031.
Power deficit cripples Venezuela’s oil heartland of Zulia as infrastructure falters
Daily life in Maracaibo has been rendered unpredictable as Zulia state struggles with a severe electricity shortfall, forcing residents to navigate routine blackouts lasting anywhere from six to 16 hours
How Alejandro Betancourt rebuilt his Venezuelan oil empire
Alejandro Betancourt, a controversial Venezuelan businessman often labeled a "bolichico", has emerged as a key player in the oil sector restructuring promoted by the Donald Trump administration in Venezuela
NTPC commissions 81-MW solar plant in India
India's state-run NTPC has commissioned 81.34 MW at the Kalasar Solar Energy Project in Bikaner, Rajasthan.
South Korea's Samsung invests $1bn in KKR AI venture Helix
Six Samsung affiliates are investing a combined $1bn in Helix Digital Infrastructure, an artificial intelligence infrastructure company set up by US investment firm KKR.
Colombia's Ecopetrol's Gutiérrez starts tenure as investors weigh oil-sector experience
Joaquín Gutiérrez Caballero began his tenure as Ecopetrol’s president on September 28, with investors expected to focus on how the new chief executive addresses his limited direct experience in the oil and gas industry
India's Inox Clean Energy files for $1.1bn IPO
India's Inox Clean Energy has filed draft papers for an initial public offering of up to INR100bn ($1.1bn).
Middle East crude flows claw back lost ground
Buoyed by a restart of the East-West pipeline and record ship-to-ship activity off Oman, regional crude exports have recovered to roughly four-fifths of pre-war levels.
Tehran and Baku revive Caspian energy dialogue
Iran and Azerbaijan discussed ways to expand cooperation in oil and gas and energy trade during a meeting in Tehran between Iranian Oil Minister Mohsen Paknejad and Azerbaijani Deputy Prime Minister Shahin Mustafayev.
South Pars Phase 11 output hits record
Iran’s natural gas extraction from Phase 11 of the South Pars field has hit a record high after the first stage of development was completed with the start-up of the final well in the phase.
Iran's NIDC completes 63 wells in H1
The National Iranian Drilling Co. (NIDC) drilled and completed 63 oil and gas wells in the first half of the Persian calendar year, with total drilling reaching 71.8 km, its chief executive Morteza Fouladi said.
Argentina threatens legal action over Falklands Sea Lion oil project
Argentina has threatened to launch international legal proceedings against Britain unless work on the Sea Lion oil project off the Falkland Islands is halted within two weeks, escalating a long-running sovereignty dispute between the two countries.
Argentina’s Chevron plans $14bn investment to triple Vaca Muerta output by 2035
Chevron plans to invest about $13.8bn in Argentina through 2035 to triple its oil production in Vaca Muerta, with the US company’s 100%-owned El Trapial field in Neuquén set to become the centre of the expansion under the country’s RIGI scheme.
Argentina’s YPF targets record 1mn bpd as Vaca Muerta expands
Argentina’s state-controlled oil company YPF expects its crude production to reach 1mn barrels per day for the first time in its history in the coming years, while the country’s oil exports could rise to $18bn.
Mexico boosts petrol tax relief, keeps diesel fully exempt to cap pump prices
Mexico is raising fiscal support for petrol while keeping diesel fully relieved of tax, El País reported, as the government tries to avoid a sharp jump in pump prices amid a global energy squeeze.
Mexico budget plan cuts climate and energy transition spending, leans on private investors
Mexico's proposed 2027 federal budget would cut state spending on the energy transition and climate change mitigation, leaving private investors to carry more of the cost of utility-scale renewable projects, according to three independent reviews.
Mexico's Pemex contains dark discharge from Madero refinery into Pánuco River
Mexican authorities have inspected and contained a dark discharge from state oil company Petróleos Mexicanos (Pemex)'s Madero refinery into the Pánuco River, in the north-east of the country.
Pemex to need at least $10bn a year in state support for up to five years, Moody's says
Mexico's state oil company Petróleos Mexicanos (Pemex) will need government support of at least $10bn a year over the next three to five years, and for longer if its operations do not improve.
Australia says fuel imports remain secure despite global disruption
Australia’s fuel supplies remain secure despite continuing disruption to global markets, with stocks increasing for petrol and diesel and more tankers heading to the country.
Vitol and Viva in running to buy ExxonMobil's New Zealand's downstream business
Global commodities trader Vitol and Australia’s Viva Energy have emerged as potential partners for New Zealand’s Channel Infrastructure in a bid for ExxonMobil’s New Zealand downstream business.
New Zealand commits NZ$36mn to gas exploration projects
New Zealand will invest NZ$36mn in two gas exploration initiatives, including an offshore Taranaki project, as the government seeks to reverse declining domestic production and strengthen energy security.
ECB warns diesel squeeze will feed eurozone inflation
Persistently high diesel prices are likely to feed broader inflation across the eurozone as constrained global refining capacity and geopolitical disruption keep supplies tight, European Central Bank Vice-President Boris Vujčić has warned.
US lawmakers urge Trump to end sanctions waiver for Serbia's NIS
Two Republican congressmen have urged the Trump administration to stop extending a sanctions waiver for Serbia's Russian-owned oil company NIS, saying temporary licences were allowing the company to delay a change in ownership.
Serbia, Romania to launch tenders for new gas interconnector
Serbia and Romania are expected to launch tender procedures soon for a new gas interconnector between the two countries, with construction planned to begin early next year.
Europe’s diesel dependence exposed by threatened US export restrictions
Europe successfully replaced Russian diesel after 2022, but it did so by becoming increasingly dependent on distant suppliers, particularly the US.
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