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Spain's Grenergy sells Chile solar-storage phase "Gabriela" to CVC DIF for $475mn
Grenergy has completed the sale of "Gabriela," the fourth phase of its flagship Oasis de Atacama storage project in Chile, to CVC DIF for $475mn (around €410mn), the Spanish company said.
Iraq oil exports recover to 2.34mn bpd in August
Iraq’s oil exports rose about 73% in August to around 2.34mn barrels per day (bpd), from 1.35mn bpd in July, as heavy discounts and alternative shipping arrangements helped revive flows disrupted by the Strait of Hormuz crisis.
Iraq faces renewed petrol shortages as Baghdad queues return
Iraq’s capital Baghdad and several other provinces are facing renewed shortages of petrol and kerosene, with long queues forming at filling stations and dozens of stations closing.
Nigerians stage protests over continuous oil spill in Niger Delta
Hundreds of women from Warri’s Odidi Community in Nigeria have staged a protest at the head office of Heritage Energy Operational Services Ltd. due to a crude oil spill that has been polluting local rivers and fishing grounds for six months.
Nigerian opposition promises to return fuel subsidy if elected
The topic of Nigeria’s former fuel subsidy has re-emerged as a key talking point in the country’s upcoming elections, with the opposition party.
Tanzania’s Ntorya gas project targets December first gas after government rejects further delay
Tanzania’s Ntorya gas development is targeting first gas in December after the government declined to approve a proposal by operator ARA Petroleum Tanzania Ltd to extend the timetable and the parties agreed a revised implementation programme.
Climate modellers cut the worst case for the first time in four generations
The highest warming scenario used by climate modellers has fallen to 3.3C by 2100 from 4.6C, the first time the top of the range has come down in four generations of modelling, Carbon Brief reported on September 1. COUNTRIES: Global SECTORS:...
Iran’s South Pars Phase 11 gas output set to exceed 28 mcm
Gas extraction from Phase 11 of Iran’s South Pars field is set to surge to 28.3mn cubic metres (mcm) per day within weeks after the 12th well is connected, reaching the maximum production capacity of its first offshore platform.
Bahrain condemns Iranian attack on Saudi tanker in Hormuz
Bahrain has strongly condemned an Iranian attack on the Saudi oil tanker ‘Sidr’ while it was transiting the Strait of Hormuz, which killed two Filipino crew member.
Ghana’s Mahama dissolves boards of nine state institutions, including oil and mining entities
Affected institutions include the Ghana National Petroleum Corporation (GNPC), aluminium producer VALCO, fuel-storage and logistics company Bulk Oil Storage and Transportation Company (BOST), and Consolidated Bank Ghana
Argentina's Vaca Muerta has more than a decade of growth ahead, Enverus says
Vaca Muerta shale formation has enough commercially viable oil and gas resources to support more than a decade of continued development, although greater access to export markets will be needed to unlock its full potential.
Iran’s Reshadat oilfield set for 35,000 bpd boost after horizontal drilling
Iran has completed drilling a well at the Reshadat oilfield in the Persian Gulf with more than 2,000 metres of horizontal drilling through the reservoir, a project expected to add about 35,000 barrels per day to the field’s output.
Nigeria’s NNPCL profit falls 48% m/m in July to $210mn as oil and gas sales weaken`
Nigerian National Petroleum Company Limited (NNPCL) said profit after tax fell 47.9% month on month to NGN279bn ($210mn) in July, while revenue, hydrocarbon sales and oil and gas production also declined.
Iran to launch $123mn solar power project fund on energy exchange
Iran will open public subscription to the "Nour" solar power fund, worth an estimated IRR260 trillion ($122.8mn), on the Iran Energy Exchange.
Africa-focused Invictus Energy advances Zimbabwe gas development ahead of AEW 2026
Invictus Energy will participate in African Energy Week 2026 in Cape Town as a Bronze Partner, bringing Zimbabwe’s Cabora Bassa Basin development to the continent’s energy investment forum.
US lays out sweeping Venezuela oil pact as legal and political risks mount
The White House has set out the architecture of the sweeping US-Venezuela oil agreement President Donald Trump unveiled last week.
Pakistan rejects LNG cargo at three times the pre-war price as blackouts deepen
Pakistan has scrapped an emergency tender for liquefied natural gas after the only bid came in at nearly three times pre-war prices, leaving its power sector short.
Japan approves JPY616bn in emergency reserve funds for fuel subsidies
Japan's cabinet has approved the use of JPY616bn in emergency reserve funds for the current fiscal year to cap gasoline prices as tensions in the Middle East push up energy costs.
Egypt to disburse $300mn to foreign oil and gas firms in September
Egypt’s Ministry of Petroleum and Mineral Resources is preparing to pay around $300mn to international oil and gas companies operating in the country during September 2026
Shell completes acquisition of ARC Resources for $16.5bn
World’s largest LNG trader could be eyeing future LNG projects following ARC Resources acquisition.
Bulgaria seeks regional coordination over low Danube levels
Bulgaria will seek greater regional coordination to manage critically low levels of the Danube River, which have forced nuclear power plants in Bulgaria and Romania to reduce output.
Azerbaijan's Karabakh, East Zangezur small hydropower plants produce tens of millions of kWh
Spot electricity price in Romania rises 25% m/m, doubles y/y in August
Romania’s average day-ahead electricity price reached RON793 (€155) per MWh in August, up around 25% from July and more than double the RON396 (€77) recorded in August 2025.
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