Latest Stories
US Continental Resources plans about $2bn Venezuela oil project
Continental Resources plans to invest about $2bn in developing an oil project in Venezuela, with spending directed towards new wells and higher oil and gas output, US Energy Secretary Chris Wright said
Colombia's Ecopetrol weighs Venezuela oil, gas and power opportunities after board overhaul
Ecopetrol is facing a set of potential energy businesses in Venezuela as political and regulatory conditions change, while its newly renewed board prepares to set the company’s strategy
Colombia's Ecopetrol new board faces test on leadership, reserves and capital
Ecopetrol’s new nine-member board faces a broad agenda of leadership, capital allocation and reserve replacement challenges after shareholders replaced six directors on September 15, as the Colombian oil company comes under greater scrutiny
Brazil drives Miros offshore expansion
Miros won more than 10 offshore technology contracts in South America from January to September 2026, with Brazil generating most deals and further work in Guyana.
CoreMarine expands Brazil offshore operations
CoreMarine has acquired Brazilian offshore construction company BravOcean as it seeks to expand its presence in Brazil’s subsea market.
Eco completes South Africa offshore farm-down to Navitas
Eco (Atlantic) Oil & Gas (AIM: ECO; TSXV: EOG) has completed the farm-down of a 37.5% working interest in Block 1 CBK offshore South Africa to Navitas Petroleum, transferring operatorship after receiving regulatory approvals.
Petrobras joins Brazil diesel subsidy scheme
Petrobras’ board has approved the state-controlled oil company’s participation in a government programme that will provide a BRL1 ($0.19) per litre subsidy for diesel for 30 days, with the measure eligible for another 30-day extension.
Nigeria's Dangote outlines plan for more than $10bn African power investment
Dangote Industries plans to invest more than $10bn in African power over the next three to four years, although no specific projects, financing packages or final investment decisions have yet been disclosed.
Nigeria launches $300mn distributed renewable energy fund for mini-grids and solar
Nigeria’s Distributed Renewable Energy Fund has reached commercial launch, targeting about $300mn for mini-grids, standalone solar and other off-grid power projects.
Iraq exports fuel oil via Jordan as Aqaba route expands
Iraq is exporting fuel oil through Jordan to international markets under contracts arranged by the state-owned Iraq Marketing Company (SOMO).
Cuba power grid collapse deepens energy crisis
Cuba’s electricity grid suffered a nationwide collapse on September 18, leaving millions without power as fuel shortages and ageing infrastructure put further strain on the country’s energy system
Mozambique seeks Brazilian gas investment, plans licensing round
Mozambican President Daniel Chapo has invited Brazilian companies to invest in the country’s oil and gas sector and said Mozambique was preparing a new hydrocarbon licensing round as it seeks to expand domestic mineral processing.
Zimbabwe's Mutapa advances $700mn Sandawana lithium processing plans
Zimbabwe’s Mutapa Energy Resources is advancing a $300mn lithium concentrator and proposed $400mn lithium sulphate plant at Sandawana as the country tightens export restrictions and pushes domestic beneficiation.
Iraq launches 25mn cubic feet/day gas facility to supply Bismayah power plant
Iraq has completed and commissioned a gas processing unit at the East Baghdad field with a capacity of 25mn standard cubic feet per day, as part of efforts to increase associated gas recovery and reduce flaring.
Oman's OQ explores Angola energy investments with Sonangol
Oman’s OQ and Angola’s Sonangol have agreed to explore cooperation across upstream oil and gas, LNG, fertilisers, petrochemicals and commodity trading, alongside a separate 500-MW renewable energy plan.
Noboa seeks US oil investment as Ecuador targets 500,000 bpd by 2027
Ecuadorean President Daniel Noboa said he is negotiating with foreign companies to lift the country's oil production to half a million barrels a day by 2027, whilst pressing Washington for greater private investment rather than aid.
Bolivia's YPFB rules out petrol price rise, calms fears over new diesel decree
Bolivia's state oil company YPFB said on September 21 that petrol prices remain unchanged, dismissing speculation triggered by the entry into force of Supreme Decree 5716, which updates the country's diesel pricing regime.
Bolivia relaunches refineries to process imported crude, cut fuel shortages
Bolivia's state oil company YPFB began processing imported crude at its refineries on September 18, aiming to boost domestic output of petrol, diesel and jet fuel and ease fuel shortages, according to local press.
Saudi Arabia restarts East-West pipeline
Saudi Arabia restarts its East-West pipeline after a nine-day shutdown from drone attacks, sending Brent more than $2 lower to a two-week low. Full flows may take weeks.
ExxonMobil to survey environmental conditions offshore Guyana
ExxonMobil (NYSE: XOM) will start a new environmental monitoring campaign in Guyana's Stabroek Block on September 27.
Halliburton seeks vendor to upgrade Guyana mud plant
Halliburton (NYSE: HAL) is looking for qualified vendors to upgrade the oil-water separator at its liquid mud plant in Guyana.
Petroleum Development Oman awards Weatherford drilling contract for 274 wells
Petroleum Development Oman (PDO) announced on September 21 the award of a three-year integrated drilling services contract to oilfield services firm Weatherford covering 274 wells, supporting production growth and greater operational efficiency.
Vallourec wins Brazil contract for Petrobras’ Sepia 2
Vallourec has secured a contract from Subsea7 to supply carbon steel line pipe and thermal insulation coating for Petrobras’ Sepia 2 project in Brazil’s pre-salt Santos Basin, with the award covering about 130 km of rigid risers and flowlines.
Brazil’s Petrobras secures 20-year US LNG deal
Petrobras has agreed to buy 800,000 tonnes of liquefied natural gas a year from Sempra Infrastructure for 20 years, with supplies coming from the Port Arthur LNG Phase 2 project under construction in Texas.
Follow us online