Latest Stories

Oman urges alternative LNG export routes bypassing Hormuz

Oman has called for alternative LNG export routes bypassing the Strait of Hormuz as prolonged regional conflict continues to disrupt energy shipments, Al Arabiya Business reported on September 14.

Iran to start Aghajari flare-gas projects from late October

Iran will begin commissioning projects to capture flare gas from fields run by the Aghajari Oil & Gas Production Co. (AGOGPC) from late October, the head of the National Iranian South Oil Co. (NISOC) said.

Iran warns insurers over Hormuz blacklist ships

Iran's Persian Gulf Strait Authority has widened its Hormuz vessel blacklist warning to insurers, P&I clubs and classification societies, threatening them with liability for serving listed ships.

Nigeria petrol prices climb after Dangote lifts refinery rate to $1.02/litre

Nigeria’s Dangote Petroleum Refinery raised its petrol gantry price by 6.7% to NGN1,350 ($1.02) per litre from September 12, its fourth increase in 22 days, as international crude prices remained above $100 a barrel.

Argentina says Chile will deny logistical support to Falklands oil industry

Argentina said on September 10 that Chile will continue to support its claim to sovereignty over the Falkland Islands and will not provide logistical assistance for hydrocarbon extraction projects in the disputed territory.

YPF raises $1.2bn in international debt issue at lowest rate in company history

Argentine oil producer YPF has raised $1.2bn through a nine-year international bond issue at an effective interest rate of 7.85%, the lowest borrowing rate in the company’s history.

Nigeria’s oil output rises 0.4% as crude meets OPEC quota, NUPRC notes Erha recovery

Nigeria’s crude oil and condensate production rose 0.4% to 1.678mn bpd in August, while crude-only output effectively met its OPEC quota.

Ukraine's energy sector needs at least $91bn in investment as Kyiv seeks Canadian capital

Ukraine's energy sector will require at least $91bn in investment over the coming decades, Energy Minister Denys Shmyhal said, as Kyiv seeks to attract Canadian companies and capital to help rebuild and modernise its power system.

Egypt power sector gas demand drops 6% in September

Natural gas consumption by Egyptian power generation plants dropped by 250mn cubic feet per day (mmcf/d) in September 2026, registering a 6% decline compared to August levels

Armenia needs battery storage to keep pace with solar boom, former official says

Armenia should accelerate construction of utility-scale electricity storage to strengthen energy security and prepare for possible gas supply disruptions, former deputy energy minister Hakob Vardanyan has said.

Iran gives green light to large industries to import electricity

The Iranian Energy Ministry will allow major industries to import power directly from neighbouring countries, seeking to take pressure off the national grid, a senior official said.

Baku hosts fifth Azerbaijan-Turkiye energy forum, signs protocol on new power links

Azerbaijan and Turkiye signed a protocol at the fifth Azerbaijan-Turkiye Energy Forum in Baku, covering hydrocarbons and petrochemicals, energy efficiency, the electricity market, renewables, regulation and mining.

Egypt partners with China's CATL for $38.9mn electric battery manufacturing complex

Senegal lays first pipe for $319mn national gas-network link

Senegal has laid the first pipeline for an 85-km gas-transmission link connecting the Greater Tortue Ahmeyim (GTA) hub with the planned Gandon power plant, marking the start of physical construction on the first section of its national gas network.

Azerbaijan, Turkey deepen COP29-COP31 cooperation as region flags $600bn grid investment gap

Turkey's environment, urbanisation and climate change minister Murat Kurum said Azerbaijan's experience preparing for COP29 has been highly valuable for Ankara's preparations for COP31.

Azerbaijan's oil output and BTC pipeline exports both fell in recent months, OPEC data show

Azerbaijan's crude oil output averaged 448,000 barrels a day in August, 7,000 b/d lower than in July, according to OPEC's monthly report.

Australian gas explorer Invictus awards SLB contract for Musuma-1 well in Zimbabwe

Invictus Energy Limited (ASX: IVZ, OTCQB: IVCTF, VFEX: INV) has awarded SLB a well services contract for the Musuma-1 exploration well at its Cabora Bassa Project in Zimbabwe, with drilling still on track to begin in November, the company said.

INA completes €15mn steam turbine installation at Rijeka refinery

Croatian oil and gas company INA has completed the installation of steam turbines and electric generators at its Rijeka oil refinery in a project worth more than €15mn aimed at improving energy efficiency, the company said on...

Croatia's JANAF to invest up to €43.7mn in Kazakhstan oil exploration project

Croatia's oil pipeline operator JANAF will invest up to €43.68mn in a Kazakhstan hydrocarbon exploration project after joining the ownership structure of local company Geoenergija razvoj, JANAF said on September 11.

South Korea's Samsung Heavy secures $1.22bn ship order

South Korean shipbuilder Samsung Heavy (010140.KS) Industries bagged a KRW1.65 trillion ($1.22bn) order to build six vessels for an undisclosed Oceania-based client, the firm announced in a regulatory filing on September 14.

Qatar holds talks with US firms for LNG deals through 2031

Negotiations come after Qatar recently extended force majeure on deliveries to November.

Bosnia's EPBiH signs €33mn solar plant construction contract

Bosnia's state-owned power utility Elektroprivreda BiH (EPBiH) has signed a contract to build two photovoltaic plants with a combined capacity of 45 MW in central Bosnia, part of efforts to expand renewable energy generation.

Africa GreenCo raises $21.5mn to expand Southern African renewable-power trading

Regional renewable-power trader Africa GreenCo has completed the third close of its current equity funding round, bringing commitments in the round to $21.5mn as it expands its electricity trading and intermediary offtake platform.

Samsung, SK hynix reject Kepco prepay plan

South Korean chip giants Samsung Electronics (005930.KS) and SK hynix (000660.KS) have rejected a request from state utility Korea Electric Power Corp (Kepco) to prepay five years of electricity bills, industry sources said on September 14.

Nigeria orders electricity distributors to channel up to 60% of eligible OpEx into grid investment

Nigeria’s electricity regulator has ordered DisCos without outstanding market debts to channel 50% of their earned non-administrative operating expenditure into dedicated capital-expenditure accounts, rising to 60% from February 2027.