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US silence threatens to derail Spain’s Betancourt money-laundering case
Judge Santiago Pedraz has waited nearly a year for US authorities to act on a request to question five people convicted in America over a corruption scheme involving Venezuela’s state oil company, PDVSA
Nabep targets 500,000 bpd in Venezuela by 2028
North American Blue Energy Partners plans to sharply expand crude production in Venezuela, targeting 500,000 barrels per day (bpd) by the end of 2028 as the company seeks to build on rapid growth over the past two years
Egypt explores Dabaa seawater desalination plant in strategic partnership with Russia's Rosatom
Brazil’s Petrobras receives $500mn from Brazilian government under diesel subsidy scheme
Brazilian state-owned oil company Petrobras (PETR4.SA, PBR.N) has received BRL2.6bn ($500mn) from the federal government under a diesel fuel sales subsidy programme.
Iraq PM visits Germany as Merz warns Iran, Houthis over shipping disruptions
German Chancellor Friedrich Merz urged Iran to reopen the Strait of Hormuz and end its nuclear programme during talks with Iraqi Prime Minister Ali Faleh al-Zaidi in Berlin, while warning against allowing Houthi forces to threaten shipping in Red Sea
Nigeria’s Dangote refinery IPO puts Africa’s refining shift in focus
Nigeria, Africa's oil producer, spent decades exporting crude while importing much of its petrol, diesel and aviation fuel. That began to change when the Dangote refinery came online.
Syria, US companies explore oil investment opportunities
Syria's state-owned Syrian Petroleum Company (SPC) held talks with a US economic delegation in Damascus on September 15 on cooperation and investment opportunities in the country's oil sector.
Senegal taps Eni to assess five offshore oil and gas blocks
Senegal has signed a MoU with Italian energy major Eni (BIT: ENI) to evaluate five offshore oil and gas blocks as the West African country seeks new investment following the start of hydrocarbon production.
Elevated global prices poised to push Guyana's oil earnings past $13bn by 2030
The International Monetary Fund's projection that Guyana's Natural Resource Fund could accumulate $13.3bn by 2030 may already be obsolete, with rising oil prices accelerating cost recovery from the Stabroek Block.
Nasan Energies completes first phase of Namibia station rebranding
Nasan Energies has completed the first phase of its service station rebranding programme in Namibia, with 16 former Shell stations now operating under its brand.
Touchstone targets Trinidad output with drilling and well optimisation
Touchstone is combining new drilling with targeted well interventions in Trinidad as it seeks to lift production. Improving Cascadura output and revised liquids pricing offer upside, while Carapal Ridge highlights persistent reservoir risks.
Argentina’s YPF nears LNG sales deals ahead of $24bn export project decision
Argentina’s state-run oil company YPF is close to signing several liquefied natural gas sales contracts for its proposed $24bn Argentina LNG export project, with two to three deals expected before the company makes a FID in November.
Two groups bid to expand Argentina's General Pico solar park by up to 30 MW
Argentina’s state-owned energy company Pampetrol has received two bids to build the second 15 MW stage of the General Pico photovoltaic solar park in La Pampa, with the tender allowing the selected project to be expanded by another 15 MW.
South African smart-energy firm Plentify maps expansion after $15mn funding
South African smart-energy company Plentify plans to use capital raised from investors to expand its product range, increase marketing and pursue international growth.
Chevron targets Argentina and Mediterranean for LNG growth as demand for secure supply rises
Chevron is seeking to expand its global liquefied natural gas portfolio, including through projects in Argentina and the eastern Mediterranean, as geopolitical disruptions increase demand from buyers seeking more diversified and secure gas supplies.
Abu Dhabi’s XRG acquires stake in Southern Gas Corridor
Abu Dhabi’s XRG completed its acquisition of an equity stake in Southern Gas Corridor Closed Joint Stock Company from Azerbaijan's Ministry of Economy.
Nigeria reviews oil block screening after years of stalled development
Nigeria’s upstream regulator NUPRC is reviewing how it qualifies oil & gas bidders, warning years of stalled projects had exposed financing, technical and governance weaknesses among some licence holders.
Iran’s Nouri Petrochemical starts low-sulphur diesel production
Iran’s Nouri Petrochemical has started producing low-sulphur diesel for the first time in the country after completing a project to sweeten heavy fractions, with average output expected to reach about 2mn tonnes a year.
Australia’s Santos inks two LNG supply deals
Australian LNG developer Santos has agreed to LNG supply deals with South Korea’s POSCO Steel and US-based Western LNG.
Russia’s Arctic LNG 2 files arbitration claim against Hanwha Ocean
Novatek-owned Arctic LNG 2 has filed an arbitration claim seeking $1bn in compensation from South Korea’s Hanwha Ocean for voided contracts for the construction of LNG vessels.
Uzbekistan adds 2.5 GW of solar, reducing gas consumption by 1bn cubic metres
Uzbekistan installed 2,508 MW of small-scale solar capacity between 2023 and August 13 this year, generating 4.07bn kWh of electricity, according to the Ministry of Energy.
US disputes Iran mine claim over tanker in Hormuz
MACRO ADVISORY: Oil price to rise as reserve dipping ends
The price of oil is expected to rise steadily as “reserves dipping” is close to ending. Many traders and oil companies say that the oil price should be higher and expect it to rise in the next couple of months.
Moody's: Azerbaijan shows strong resilience to external and geopolitical risks
Azerbaijan holds a significant buffer against external economic and geopolitical risks, supported by limited exposure to Russia, high oil prices and a stable national currency, according to Moody's.
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