Latest Stories

Dangote hires Engineers India for $450mn work on planned Kenya refinery, but key hurdles remain

23 September 2026

Financing, crude supply, port infrastructure and permitting remain key execution tests for the Nigerian group's planned 700,000-bpd Lamu refinery.

Prolonged oil prices above $100 could push India inflation towards 6%

23 September 2026

Sustained crude oil prices above $100 a barrel could push India’s retail inflation towards 6% by the next quarter and increase pressure on the Reserve Bank of India (RBI) to tighten monetary policy.

Premier Energies commissions 7-GW solar cell plant in India’s Andhra Pradesh

23 September 2026

India’s Premier Energies (NSE: PREMIERENE) has commissioned a 7-GW solar cell manufacturing facility at Naidupeta in Andhra Pradesh, taking its total solar cell production capacity to 10.6 GW, the company said in a social media post.

Indonesian PT Medco Energi Internasional Tbk raises 2026 oil and gas capex to $475mn

23 September 2026

Strengthening upstream production and power capacity across Southeast Asia, energy conglomerate PT Medco Energi Internasional Tbk (IDX: MEDC) has increased its 2026 capital expenditure (CapEx) guidance for the oil and gas segment to $450mn-$475mn

Indonesia pauses Malaysia cross-border power interconnection deal

23 September 2026

Indonesian Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia disclosed that Indonesia has not yet signed the bilateral power interconnection agreement with Malaysia under the ASEAN Power Grid (APG) framework

Tesla prepares Vietnam entry as VinFast dominates EV market

23 September 2026

Tesla (TSLA) is preparing to enter Vietnam's booming electric vehicle market, where local manufacturer VinFast already holds a dominant position.

Laos advances 100-MW Bolikhamxay solar project

23 September 2026

Developers met local residents and authorities on 18 September to discuss the proposed facility, which will span 140.23 hectares across Nam Ngiep and Khuay Oudom villages in Paksan district.

Turkmenistan targets 2027 for TAPI gas flows to Afghanistan

23 September 2026

The Turkmenistan-Afghanistan-Pakistan-India pipeline ranks among the largest gas transmission projects in the region. It is designed to carry Turkmen gas across Afghanistan to Pakistan and on to India.

Malaysian OGX Group expands into solar inverters via strategic partnership with China

23 September 2026

Accelerating Malaysia's clean energy transition and supporting data centre power resilience, IT infrastructure solutions provider OGX Group Bhd (KLSE: OGX/0340) has officially entered the renewable energy (RE) sector

Petro Matad CEO says PetroChina instruction to freeze Mongolian oil deliveries “beggars belief”

23 September 2026

AIM-quoted Mongolian oil company Petro Matad (LON: MATD) said on September 22 that in the latest development in a “long-running saga” it has received an instruction from PetroChina (SHA: 601857) to freeze delivery of Block XX production.

Veteran Chevron oilman says PDVSA is freezing him out despite $2bn Venezuela fund

22 September 2026

Ali Moshiri, the veteran oil executive who steered Chevron's decision to remain in Venezuela through years of political upheaval, says state oil company PDVSA is now freezing him out despite lining up $2bn from roughly 15 investors

US faces scrutiny over Venezuela oil revenues as Congress seeks audit

22 September 2026

The US State Department is facing growing pressure from Congress to disclose how much revenue Washington has collected from Venezuelan oil sales and how the funds have been used

US Wright says Venezuela will hold elections, gives no date

22 September 2026

US Energy Secretary Chris Wright said Venezuela will eventually hold elections but gave no timetable, while saying Washington’s immediate focus is economic stabilisation and that Continental Resources plans to invest about $2bn in Venezuelan oil

Two wars mean three-digit diesel prices new normal for Turkish motorists

22 September 2026

Unable to fit hiked cost of fuel on roadside displays, gasoline station bosses turned to energy watchdog for guidance.

Brazil’s Petrobras says Foz do Amazonas oil could rival pre-salt

22 September 2026

Oil recovered from Petrobras’ Morpho exploration well in Brazil’s Foz do Amazonas basin could be of higher quality than crude from the country’s pre-salt fields, as the state-run producer prepares to drill nearby wells next year.

INA starts €700mn heavy residues unit at Rijeka refinery

22 September 2026

Croatia's INA has started operations at a new heavy residues processing unit at its Rijeka oil refinery, a nearly €700 million investment designed to increase diesel output and widen the range of crude oils the plant can process.

Technip Energies wins project management role on Mexico's Amigo LNG scheme

22 September 2026

Technip Energies (Euronext:TE) (NYSE:TE) has been appointed by Amigo LNG, a Mexican joint venture between Texas-based Epcilon LNG and Singapore's LNG Alliance, as enhanced project management consultant (ePMC) on the Amigo LNG project in Mexico.

Allied Biofuels targets 2027 FID for $6.1bn Uzbekistan SAF project

22 September 2026

Allied Biofuels has confirmed plans to reach a final investment decision (FID) in 1Q27 on its $6.1bn sustainable aviation fuel (SAF) and e-SAF project in Uzbekistan, following a front-end engineering design (FEED) meeting in China.

Mexico seizes 371,000 barrels of fuel at Bajio terminal amid tax fraud probe

22 September 2026

Mexican federal prosecutors (FGR) seized around 371,000 barrels of petrol and diesel at a major rail-linked storage terminal in the Bajio region.

Chile weighs ethanol blend for petrol as soaring oil costs squeeze budget

22 September 2026

Chile, one of Latin America's largest oil importers, is studying a shift to E10 ethanol-blended petrol as spiking oil prices strain the economy and public finances, according to documents seen by Reuters.

Moody's upgrades Petro-Perú outlook to positive after $475mn bridge loan

22 September 2026

Moody's Ratings has kept Petro-Perú's credit rating at Caa1, or "junk bond" status, but upgraded its outlook from negative to positive, citing the Peruvian government's demonstrated willingness to support the state oil company.