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Mercuria signs $250mn Exergy financing deal focused on Zambia power projects

Mercuria and Exergy have signed a $250mn financing agreement for power generation and transmission projects across Southern and Eastern Africa, with Zambia a key initial market.

Austria's oil supply hangs on one pipeline and a war-hit Black Sea port

Austria's crude supply runs through a single pipe from Trieste, and more than half starts at a Russian Black Sea port that Ukrainian drones keep hitting.

Nigeria petrol imports fall 26% in August as Dangote accounts for 71% of receipts

Nigeria’s petroleum regulator said petrol imports fell 26% in August to 14.6mn litres per day, while domestic Premium Motor Spirit (PMS) receipts rose 39% to 35.9mn litres per day.

Toronto-listed Asarian secures two-year renewal for Namibia uranium licence

Asarian Energy Limited (TSX: ARN, FSE: F2T, NSX: AAE) has secured a two-year renewal of its Namibplaas exclusive prospecting licence in Namibia, allowing the company to proceed with planned drilling and mineral resource work at its project.

Indian group Nava commissions 100MW solar plant in Zambia

Nava Limited (NSE: NAVA) has commissioned a 100-megawatt (MW) solar power plant in Zambia through Maamba Solar Energy Limited (MSEL), marking the Indian group’s entry into utility-scale renewable energy.

Petrobras to drill first Bolivia well in eight years

Brazil's Petrobras plans to drill an exploratory well in Bolivia's San Telmo Norte block in the second half of 2027, its first campaign there in eight years.

AIIB invests $100mn in Turkish lender Denizbank’s 5-year green bond

Denizbank has so far issued green bonds with five different international development and investment banks. The total volume of papers has reached $470mn.

Turkey's electric car share leaps from 1% to 22% in three years

More than one in five new cars sold in Turkey in 2025 was electric, up from one in 100 in 2022, data compiled by Our World in Data show.

BP commits $700mn to four-well Egypt gas programme

BP is implementing a $700mn investment programme in Egypt covering four firm wells, including Fayoum 4, Gharab and two Arcius exploration wells, as Cairo seeks to stem declining domestic gas production.

Egypt and eastern Libya sign electricity and renewable energy pact

Australia's Bannerman Energy completes $320.4mn CNOL financing for Namibia uranium project

Bannerman Energy has completed a $320.4mn financing transaction with CNOL for Namibia’s Etango uranium project, giving the Chinese group 45% of the project joint venture.

Argentina’s YPF targets November decision on $51bn Vaca Muerta LNG project

Argentina’s state-controlled YPF is targeting a final investment decision in late November for Argentina LNG, a multi-stage $51bn project to liquefy and export gas from Vaca Muerta by ship, after securing a $6bn loan from the US Export-Import Bank.

Falcon Gases secures Odyssey backing, buys Encore in US

Falcon Gases has secured a majority investment from private equity firm Odyssey Investment Partners and simultaneously acquired Californian distributor Encore Gas & Supply, the two companies announced on September 22.

DP World signs draft deal on $7bn Nigerian port and industrial zone

Nigeria's Tinubu said the broader corridor would include the long-delayed Olokola (OK LNG) project, which Nigerian National Petroleum Company Ltd (NNPCL) has been seeking to revive.

Woodway to build gas pipeline for US data centre

Woodway Energy Infrastructure has signed definitive agreements to develop, build, own and operate a 22-mile, 30-inch natural gas pipeline serving a hyperscale data centre development in the United States.

Velocys launches largest aviation fuel reactor for Europe's SAF plants

Velocys has released AlphaCore 800, its largest microchannel Fischer-Tropsch reactor to date, capable of producing up to 800 barrels per day of Fischer-Tropsch fluids from a single unit, the company announced on September 20 via...

Spiritus signs US oil deals for CO2 supply

Energy technology company Spiritus has signed three letters of intent with US oil and gas operators covering more than 3mn tonnes of annual CO2 demand for enhanced oil recovery, the Los Alamos, New Mexico-based firm said on...

Nigeria's NIPCO studies over $3bn FLNG project targeting 3mn-tonne annual capacity

Nigeria-based downstream energy group NIPCO is studying a floating LNG project of about 3mn tonnes a year that could require more than $3bn, with Escravos and Akwa Ibom under consideration.

Ghana’s LMI secures $39.5mn IFC financing for 200MW industrial solar project

IFC has provided Ghanaian conglomerate LMI Holdings with $39.5mn to support the first 100MW phase of the 200MW Norbert Anku Solar Park at Dawa.

Iraq slump drags Mediterranean growth forecast to -0.7%, EBRD says

Iraq's oil export slump drags southern and eastern Mediterranean growth to -0.7% in 2026, down from a 2.5% forecast in June, while Morocco leads on 4.8%.

Ukraine's largest biomethane plant begins exports to Hungary

Teofipol Energy Company has begun exporting biomethane to Hungary, becoming the latest Ukrainian producer to enter the growing European market as Kyiv seeks to expand renewable gas supplies and develop alternative energy export revenues.

Brazil’s Petrobras eyes diesel self-sufficiency, expands African footprint with new Mozambique pact

Petrobras is preparing to set a goal of full self-sufficiency in domestic diesel production in its next business plan, chief executive Magda Chambriard said.

West African Development Bank approves $273mn in WAEMU financing, backs $1.49bn wider package

BOAD approved about $108mn for oil, gas storage and fuel-supply projects in Togo, Benin and Mali as part of a $273mn WAEMU financing package.

MPs to grill Iran oil minister over cancelled China refinery deals

An Iranian lawmaker said parliament has put forward a plan to question Oil Minister Mohsen Paknejad over the cancellation of oil sales contracts with seven Chinese refineries, warning the move could affect ties with Beijing.

Cameroon to showcase new oil and gas opportunities at AEW 2026

SNH will present investment opportunities in the country's exploration and production (E&P) sector, join panel discussions and participate in the African Petroleum Producers Organization's NOC CEOs Forum on October 12.