Latest Stories
Oman to host Gulf's first World Wind Energy Conference in 2027
Oman will host the World Wind Energy Conference in December 2027, the first time the event comes to the Gulf, as the sultanate brings 245 MW of new wind capacity online.
Zambia’s Zanaco launches $100mn green and social financing programme
Lusaka Securities Exchange chief executive Nicholas Kabaso described the transaction as the first sustainability bond issued by a Zambian bank and said the exchange would work with stakeholders to develop further thematic issuances.
Peru grants Orygen final licence for 169.8MW Arenarosa solar plant in Ica
Peru's Ministry of Energy and Mines (MINEM) has awarded Orygen Perú the definitive concession to develop renewable power generation at the Arenarosa solar plant, which has a nominal capacity of 169.82MW.
Dangote cuts Nigeria petrol price as wholesale market eases
Nigeria’s 650,000-barrel-per-day Dangote Petroleum Refinery cut its ex-gantry petrol price by NGN25 to NGN1,325 ($1.00) a litre, effective September 21, partially reversing an NGN85 increase earlier in the month.
Argentina protests UK over Falklands offshore oil licence extensions
Argentina on September 22 lodged a formal diplomatic protest with the United Kingdom over the extension of offshore hydrocarbon licences in the Falkland Islands (also known as Malvinas), rejecting what it described as unilateral activity.
Djibouti expands fuel corridor with rail-linked terminal for direct shipments to Ethiopia
A new petroleum terminal at Djibouti’s Doraleh port will add 288,000 cubic metres of storage and enable direct rail loading of Ethiopia-bound fuel from 2027.
Nigeria jet fuel exports triple as Europe turns to new suppliers
Nigerian jet fuel exports to Europe tripled during summer supply disruptions, supplying almost a fifth of imports as Nigeria deepened ties with the IEA.
US plans up to $7bn financing package for Argentina’s energy and minerals
The United States plans to provide up to $7bn in financing for critical minerals and energy projects in Argentina, as Washington and Buenos Aires deepen economic cooperation and seek to expand access to the South American country's energy and mineral
Argentina’s Vaca Muerta LNG project seeks US-backed financing for $51bn development
Argentina LNG, a $51bn project led by YPF, Italy's Eni and UAE-based XRG to turn gas from Vaca Muerta into liquefied natural gas for export, could receive financing support from the US Export-Import Bank and private investors.
Oman joins Trump meeting with Gulf, Arab leaders in New York
Oman joined Gulf and Arab countries and Türkiye in talks convened by US President Donald Trump on regional security and Middle East developments, Oman News Agency reported on September 23.
Falklands extends offshore oil licences as Argentina steps up legal challenge
The Falkland Islands government has extended existing offshore oil licences for five years as Argentina steps up legal and political efforts to block development of the territory’s petroleum resources.
Argentina’s oil patch draws more than $416mn in oil exploration commitments
Argentina’s Neuquén and Mendoza provinces are advancing oil exploration projects carrying more than $416mn in proposed investment and access payments, spanning new acreage in Neuquén and conventional exploration areas in Mendoza.
Brazil’s Petrobras targets January for Foz do Amazonas appraisal wells
Brazil’s Petrobras plans to begin drilling three wells in the Foz do Amazonas basin in January 2027 as it seeks to determine whether its recent oil discovery in the environmentally sensitive offshore region is commercially viable.
Nigeria's $550mn power-sector bond draws strong investor demand
Nigeria's NGN728.9bn ($550mn) Series 2 power-sector bond drew strong institutional demand, taking cumulative issuance under the government's electricity-sector reform programme to about NGN1.23 trillion.
Saudi Arabia’s Acwa begins construction of Uzbekistan’s largest wind project
Uzbekistan has begun construction of a 1.5-GW wind power project in Karakalpakstan, a flagship investment by Saudi Arabia’s Acwa that is set to become the largest wind farm in the Commonwealth of Independent States (CIS).
Argentina races to end oil and gas transport shortfall, unleashing full hydrocarbon potential
With Argentina’s Vaca Muerta shale formation accounting for roughly 72% of the nation’s entire hydrocarbon production, the country is in a race to bolster its transportation infrastructure in order to cater for this oil and gas sector boom.
Kyrgyzstan discusses oil refinery, pipeline and border storage facilities with China
Kyrgyzstan is reportedly discussing with China the possibility of building oil storage facilities along the countries' shared border.
Iran’s petchem gas feedstock prices climb 166% in six months
Iran has lifted the price of natural gas supplied as feedstock to petrochemical plants by around 166% in the first six months of the current Persian calendar year, according to a tariff schedule issued by the National Iranian Petrochemical Co.
Czech Škoda JS becomes exclusive supplier of Rolls Royce’s SMRs
Moldova discusses gas supplies with ARETI founder Igor Makarov
Authorities in the Republic of Moldova are discussing a possible return of gas supplies from ARETI, the company founded by businessman Igor Makarov.
Kazakhstan to triple Russian natural gas imports in 2026
Kazakhstan is reportedly preparing to nearly triple its purchases of Russian natural gas this year to about 11bn cubic metres in 2026.
Egypt urges Eni to accelerate development of Denise gas field
Egypt’s Petroleum and Mineral Resources minister has pressed Italian energy major Eni to expedite development drilling at the offshore Denise gas field in the Mediterranean Sea and bring new production volumes online as soon as possible.
Kazakhstan to auction 56 oil and gas blocks
Kazakhstan is set to auction 56 oil and gas blocks across seven regions on December 25.
Bounty Oil & Gas agrees PetroQuest acquisition to pursue Liberia’s LB-32
Australian oil and gas explorer and producer Bounty Oil & Gas NL (ASX: BUY) said in a 22 September ASX announcement that it had signed a binding share sale agreement to acquire 100% of PetroQuest Liberia Deep Water LLC.
Philippine Alternergy sales hit $7.5mn on wind expansion
Philippine renewable energy developer Alternergy Holdings Corp (ALTER.PH) saw its revenue climb 31% year-on-year to PHP471.8mn ($7.5mn) in the financial year ending June 30, driven by output from its new Balsik solar plant and higher wind tariffs.
Follow us online