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Argentina’s YPF seeks incentives for $8.7bn Vaca Muerta shale project
Argentina’s state-controlled oil producer YPF has applied for government investment incentives for an $8.73bn shale oil development in the Bajo del Toro and Bajo del Toro Norte blocks in Vaca Muerta.
Argentina’s Vista Energy raises production 33% and exports 73% of Vaca Muerta crude
Vista Energy increased its hydrocarbon production by 33% year on year to a record 169,000 barrels of oil equivalent per day in the third quarter of 2026, while exporting 73% of the crude oil it sold.
GeoPark completes Venezuela entry as Gilinski takes control
Bogotá-based oil producer GeoPark (NYSE: GPRK) has closed its entry into Venezuela and handed majority ownership to Colombia's Grupo Gilinski
Swakop Uranium seeks approval for new uranium mine in Namibia's Erongo region
Swakop Uranium, the Chinese-controlled operator of Namibia's Husab mine, has opened an environmental review of a proposed uranium development in the Erongo region.
Colombia LNG imports rise as gas output falls and El Niño threatens hydropower
Colombia’s reliance on imported liquefied natural gas (LNG) is increasing as domestic production declines and a strengthening El Niño threatens hydropower generation, potentially raising demand for gas-fired electricity
AEC welcomes establishment of Africa Energy Bank ahead of 2027 lending
The African Energy Chamber has welcomed the formal establishment of the Africa Energy Bank (AEB), describing it as an important step towards increasing African control over financing for oil, gas and other energy projects.
Serica secures six-well UK North Sea drilling programme targeting 30,000 boepd
Serica Energy has secured a drilling rig for a six-well campaign in the UK North Sea beginning in the third quarter of 2027, targeting opportunities that could add up to 30,000 barrels of oil equivalent per day to production.
DNO and partners approve fast-track Lyra oil project offshore Norway
Norwegian oil and gas producer DNO and its partners have approved the development of the Lyra oilfield in the North Sea, targeting first production in the first half of 2028.
Iran completes gas storage at Sarajeh facility ahead of winter demand
Iran has finished filling its Sarajeh gas storage site near Qom, which holds about 1.25bn cubic metres, as the country braces for a winter shortfall of 400mn cubic metres a day.
Iran’s oil giant widens exploration search to include hydrogen, helium
The National Iranian Oil Co. (NIOC) plans to extend exploration studies to five regions beyond the Zagros Mountains and search for resources ranging from natural hydrogen and helium to shale oil and gas, its integrated planning director said.
Iran warns heavy gas users of cuts and higher bills as winter shortages loom
Iran will impose higher gas tariffs or cut supplies to heavy users who fail to curb consumption, officials said, as the country braces for winter shortages worsened by damage to processing facilities in an Israeli strike.
Germany rejects Italian accusations over failure to fill gas storage
Germany has rejected accusations from Italy that it deliberately delayed filling its gas storage facilities ahead of winter to reduce costs before privatising state-owned energy companies.
EU countries accelerate release of 5.5% from strategic oil reserves
Eleven EU countries have agreed to accelerate the release of 42.6mn barrels of oil and petroleum products from strategic reserves by the end of January 2027.
UK oil and gas dealmaking reaches $19.6bn as North Sea consolidation accelerates
Oil and gas mergers and acquisitions involving British companies have reached $19.6bn so far in 2026, surpassing the $16.5bn recorded throughout 2025.
UK North Sea industry warns Budget tax reforms fall short of unlocking investment
The UK’s oil and gas industry has criticised the government's decision to delay replacing the Energy Profits Levy, warning that the October 28 Budget missed an opportunity to unlock up to GBP50bn in North Sea investment.
European oil majors reap war-driven profit windfall
Record refining margins and elevated oil and gas prices have delivered exceptional earnings, but companies remain cautious about reinvesting their newfound cash.
Indonesia, India and Pakistan race to stockpile oil after Hormuz shock - McKinsey
Importers that entered the Hormuz crisis with empty tanks are racing to build oil stockpiles, but announced plans add only 7% to global crude stocks.
Iraq, Jordan and Egypt explore new oil export routes
Iraq, Jordan, and Egypt discussed technical plans for the Basra–Haditha crude oil pipeline and proposals to develop additional export routes through the Red Sea and Mediterranean.
Russia bans benzene, toluene and xylene exports for three months as fuel crisis spreads to petrochemicals
Russia has banned exports of benzene, toluene, xylenes and phenol outside the Eurasian Economic Union for three months to keep chemical plants supplied.
US revives push to sell Russian gas to Europe via Ukraine
US officials promoted a plan for Russian gas to reach Europe through Ukraine via a US intermediary, according to Bloomberg's account of Wall Street Journal reporting.
Perseus Mining installs 28 MW of backup generators at Tanzania's Nyanzaga gold project
Australian gold producer Perseus Mining (ASX, TSX: PRU) has secured 28 containerised generator sets for its Nyanzaga gold project in north-western Tanzania as it prepares to begin production in January 2027
Nigeria's Geregu Power reports 80% profit collapse as transformer failures hit generation
Nigerian power generator Geregu Power Plc (NGX: GEREGU) reported a 79.85% year-on-year fall in pre-tax profit to NGN7.55bn ($5.61mn) for the nine months ended September 30
Fedgroup's $3.1mn solar project supports Coega Steels' new South African rolling mill
South African steel producer Coega Steels is using renewable electricity infrastructure financed by financial services group Fedgroup to support its newly opened rolling mill in the Eastern Cape
South African industrial gas users seek presidential intervention after failed power tender threatens supply
South African industrial gas users are seeking presidential intervention after a failed power tender exposed LNG infrastructure delays and potential gas shortages from 2030.
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