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Indian gas distributor Torrent eyes IPO
Indian city gas distributor Torrent Gas has filed updated draft papers for an initial public offering in which parent Torrent Investments plans to sell up to 335mn shares.
Gas Malaysia and Petronas to study pipe linking Yan LNG terminal with Malaysia's main gas grid
Malaysian gas distributor Gas Malaysia and Petronas Gas have agreed to study an onshore pipeline connecting the proposed Yan LNG regasification terminal in Kedah with Peninsular Malaysia's main gas transmission network.
Pluspetrol chases ambitious Argentine oil output target of 100,000 bpd by 2029
Pluspetrol is using its $12bn Argentine Large Investments Incentive Regime (RIGI) backed development programme to position itself as one of the Vaca Muerta shale formation’s key producers.
Genting sheds 5% stake in Indonesian FLNG project to local partner
Rukun Raharja said in May that the 5% stake was worth $38.6mn.
Vaca Muerta gives Argentina leverage as oil firms distance themselves from Falklands project
Argentina's growing Vaca Muerta shale industry is helping the government exert pressure on international oilfield service companies over the Sea Lion project near the Falkland Islands.
Angola's Cabinda refinery exports 86% of early sales as throughput ramps up
Angola’s $473mn Cabinda refinery exported 86% of its disclosed sales volume during its first months of operation, mainly as naphtha and heavy fuel oil, while August data indicate throughput was ramping up from relatively low initial utilisation.
YPF plans two more RIGI projects as Argentina targets $154bn in investment
Argentina's state-controlled oil company YPF plans to submit two additional projects to the government's Large Investment Incentive Regime (RIGI) in coming months, potentially taking the value of projects presented by the company and its partners.
Tetragon tripes gas estimate for Philippines' Halcon prospect
Australian explorer Tetragon Energy has more than tripled its mid-case estimate of prospective recoverable gas resources at the Halcon exploration prospect in the southern Philippines to 8 trillion cubic feet.
Shearwater and SLB launch 3D seismic survey offshore Brazil’s Amapá state
Shearwater Geoservices and SLB have launched a multi-client 3D seismic survey offshore Amapá in northern Brazil's Equatorial Margin as exploration interest in the region grows following the state-owned oil company Petrobras' Morpho oil discovery.
Oil States Brasil wins three-year subsea services contract with Petrobras
Oil States Brasil has secured a three-year contract with Petrobras to provide maintenance and technical assistance services for subsea equipment, covering the company's exploration and production operations and the consortia in which it participates.
Brazil's environmental regulator approves three new wells near Amazon oil discovery
Brazil's environmental regulator Ibama has granted Petrobras permission to drill three additional wells in the block where the company made an oil discovery earlier this year, a decision experts said would help assess the scale of the find.
The world is losing its biggest driver of oil demand growth
China is nearing peak oil demand as transport fuel consumption falls and petrochemicals become the main source of remaining growth.
YPF-led consortium launches $2bn pipeline tender for Argentina LNG project
A consortium led by Argentina's YPF, Italy's Eni and Abu Dhabi investment firm XRG has launched a tender worth about $2bn to procure pipes for two 48-inch gas pipelines and a 24-inch products pipeline that will form part of its planned LNG project.
Argentina files criminal complaints against Navitas, Rockhopper over disputed Falklands oil field
Argentina has ramped up its campaign against the Sea Lion offshore oil project near the Falkland Islands, with President Javier Milei pursuing criminal complaints, sanctions and tougher legislation against companies linked to the development.
SLB rules out Falklands oil work as Argentina tightens sanctions
Oilfield services giant SLB has said it will not participate in hydrocarbon projects in the Falkland Islands (also known as Malvinas) or surrounding waters, following Argentina's decision to tighten sanctions against companies operating there.
Britain widens Iran sanctions on energy and finance, with joint Azerbaijani gas exemptions
The UK will widen sanctions on Iran from September 29, targeting energy, finance, shipping and aviation. Planned licences will allow certain activities linked to Azerbaijan’s Shah Deniz gas field to continue.
Kenyan utility KenGen cuts dividend 16.7% as FY2026 profit slips despite revenue growth
Kenya’s largest electricity generator, Kenya Electricity Generating Company Plc (KenGen) (NSE: KEGN), has cut its dividend by 16.7% to KES0.75 per share for the year ended June 2026 after profit slipped despite higher revenue.
Iran grants app-based drivers up to 300 extra litres of petrol
Iran plans to allocate up to 300 extra litres of petrol to drivers working through passenger and freight apps, based on mileage, and offer free dual-fuel conversions as higher pump prices raise concerns over transport costs for passengers and drivers
Kazakhstan suspends enforcement of $5.06bn claim against Kashagan operator, says Interfax
Kazakhstan’s Ministry of Justice has reportedly suspended enforcement proceedings to recover KZT 2.3 trillion ($5.08bn) from North Caspian Operating Company (NCOC), the consortium operating the Kashagan oil field.
Gambia power cuts trigger protests near President’s residence
Protests over prolonged electricity cuts broke out overnight on September 7-8 across Banjul and other parts of The Gambia, including near President Adama Barrow’s official residence.
Romania expects Cernavodă nuclear plant to resume power generation by late September
Romania’s Cernavodă nuclear power plant could resume electricity generation towards the end of September after being shut down because of low Danube water levels. A specific restart date will only be assessed after September 15.
Philippines opens 160 MW biomass green energy auction
The Department of Energy (DOE) put 160 MW of biomass capacity up for auction, with ceiling prices expected on October 1.
Americans split over Trump’s Venezuela oil deal as sovereignty concerns mount
Americans are sharply divided over President Donald Trump’s agreement with Venezuela
Venezuela OPEC exit seen as likely eventually but not imminent
Venezuela is likely to leave OPEC eventually as Caracas restructures its oil industry around closer ties with Washington, though the move would have little immediate effect on crude markets
Growing corporate interest in Venezuela stands out
Venezuela is drawing renewed attention from companies across a range of industries, with more than 25 firms considering market entries, investments or new ventures eight months after Nicolás Maduro was removed from power in a US operation
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