Latest Stories

Vedanta aims to cut crude output costs in India's Rajasthan

2 November 2026

Vedanta Oil & Gas wants to bring down crude extraction costs in Rajasthan to $10-13 per barrel, compared with $16.5 now.

Woodside inks 20-year LNG supply deal with QatarEnergy

2 November 2026

Australian LNG producer Woodside Energy has entered into a 20-year agreement with QatarEnergy to deliver as much as 3mn tonnes per year of LNG from its Louisiana LNG project.

India's coal imports fall 5.83% as blending purchases slump

2 November 2026

India's coal imports dropped 5.83% year-on-year to 104.57mn tonnes in August 2026, driven by a 35.23% fall in foreign coal bought for blending at domestic power stations.

Pakistan caps refinery margins after profits surge twentyfold

2 November 2026

Pakistan's major oil refineries posted a nearly twentyfold increase in combined profit for the quarter ending in September.

OMV Petrom’s net profit rises 18% to €800mn in January-September

1 November 2026

OMV Petrom, Romania’s largest energy producer, reported an 18% y/y increase in net profit to RON4.1bn (€800mn) in Jan-Sep 2026, supported by higher oil and gas prices. Net profit rose by 68% year on year to RON2.2bn in Q3.

Hidroelectrica’s Jan-Sep electricity production rises 10% in Romania

1 November 2026

The net electricity production of the Romanian hydropower group Hidroelectrica (BVB: H2O) increased by 10% year on year in the first nine months of 2026.

Singapore's Tuas Power eyes 500-MW hydropower imports from Laos

1 November 2026

Singapore power generator Tuas Power has joined Laotian conglomerate Phongsupthavy Group and state utility Electricite Du Laos to study importing up to 500MW of electricity from Laos, mostly from hydropower dams.

Serbia's NIS gets new US licence to continue operations until December 11

1 November 2026

Serbia's oil company NIS has received a new special licence from the US Treasury allowing it to continue operating until December 11.

US regulator seeks to accelerate LNG development through updated safety rules

1 November 2026

The US government is proposing regulatory changes intended to make LNG projects easier, faster, and less expensive to develop.

Vietnam sees wave of electrified car launches in October

1 November 2026

Carmakers launched at least 16 new models in Vietnam in October, and most of them were electric or hybrid vehicles.

Vietnam cuts retail electricity price 2% after years of rises

1 November 2026

Starting November 1, the average retail power price in Vietnam dropped by 2%, bringing it to VND2,160 ($0.08) per kWh before value-added tax.

Qatari LNG vessel hit travelling through Gulf

1 November 2026

A liquefied natural gas tanker operated by Qatar’s Nakilat has sustained damage after being struck by unidentified objects while travelling through Gulf waters.

Canada and EU announce co-operation in LNG

1 November 2026

Joint study will inform future LNG trade and investment decisions between the partners.

Iraq crude output tops 4mn bpd as Kurdish export deal holds

1 November 2026

Iraq's crude output has climbed above 4mn barrels per day (bpd), and the tripartite deal governing Kurdistan Region exports remains in force

OPEC+ holds December output steady as 2027 call looms

1 November 2026

OPEC+ left December production targets unchanged on November 1, deferring any fresh policy move into next year as the group grapples with Iran war export disruptions

Syria’s upstream revival begins to take shape

1 November 2026

Framed by a flurry of Damascus meetings and a rig tender for Block 26, Syria’s post-sanctions oil and gas sector is edging from aspiration to execution

Egypt plans New Alamein land tenders as Eastern Desert oil exploration advances

1 November 2026

Egyptian authorities have reportedly recovered more than 815 feddans of state-owned land in New Alamein City, valued at over $357mn ($6.4mn)

Iran faces daily gas shortfall of 400mn cubic metres, deputy minister warns

1 November 2026

Iran’s deputy oil minister has sounded the alarm about a looming gas shortage during the coming winter, saying that the country could face a shortfall of up to 400mn cubic metres (mcm) per day.

Iran starts drilling new well at South Pars Phase 11 to boost gas output

1 November 2026

Iran has begun drilling a 13th well at Phase 11 of the South Pars gas field, more than a month after output from the phase hit a record 28.3mn cubic metres (mcm) per day.

Iranian crude shipment arrives in China after 3.5-month voyage at sea

1 November 2026

A tanker carrying 2mn barrels of Iranian crude oil has docked in China after spending three and a half months at sea, monitoring service TankerTrackers.com said.

Hormuz shipping incidents mount as Iran-US tensions threaten fragile calm

1 November 2026

Six incidents involving vessels carrying energy cargoes have been reported in and around the Strait of Hormuz, amid raising concerns about a possible flare-up of hostilities between Iran and the United States.

Germany’s hydrogen pipeline network races ahead of electrolysis capacity

1 November 2026

Germany will nearly triple its working hydrogen pipeline network to around 1,500 km by end-2027, while operational electrolysis capacity stood at 181 MW at the start of 2026.

UNHCR seeks $50mn winter aid for 9mn people as Russian strikes threaten Ukraine

1 November 2026

Ukrainians face minus 20C temperatures this winter as Russian strikes knock out power and heating, the UN refugee agency UNHCR warned on October 30, launching its winter appeal.