Latest Stories

Pemex's debt reduction traced entirely to government capital injections, analysis finds

Petróleos Mexicanos (Pemex) has only reduced its financial debt because of direct capital transfers from Mexico's federal government, according to an analysis by the Observatorio Ciudadano de la Energía.

Mexico's Pemex, financial intelligence unit join forces against fuel theft

Mexico's Finance Ministry (SHCP), through its Financial Intelligence Unit (UIF), has signed a collaboration agreement with state oil company Pemex to combat financial crime and hydrocarbon theft.

Petroecuador taps new horizontal well as it eyes 380,000 bpd target

State oil firm Petroecuador has brought online a new horizontal well, Shushufindi-240H ST2, in the Shushufindi field in Sucumbíos province, adding 1,289 barrels of oil per day (bpd) to national output, the company said.

Uganda's Umeme in final stages of negotiating 15-year Sierra Leone power distribution concession

Umeme Ltd is negotiating a reported 15-year concession to operate Sierra Leone's electricity distribution network, with the country committed under its IMF programme to transferring operational control of state-owned EDSA.

Iraq PM orders subsidised fuel for generators after Baghdad strike

Iraq's Prime Minister Ali Faleh al-Zaidi has ordered private generators to receive subsidised fuel throughout September, following a strike by generator operators in Baghdad over fuel supplies.

Chariot signs deal to double Angola oil cash-flow exposure

Chariot has signed a framework agreement that could double its economic exposure to producing Angolan oil assets, adding future cash flows equivalent to about 4,000 bpd if Etu Energias completes its latest Block 14 acquisition.

Petroperú moves to secure $475mn as legal uncertainty clouds restructuring

Petroperú is moving to secure a $475mn bridge loan, but the financing comes as Peru’s Constitutional Court reviews the legal framework behind its restructuring, exposing the state oil company to both financial and regulatory risk.

Malawi-Mozambique power link completed, tariff talks underway

Construction of the long-awaited 400 kV Mozambique-Malawi electricity interconnector has been completed, with tariff and other commercial arrangements still to be finalised before power trading can begin, Malawi’s Ministry of Energy said.

Brazil set for new Búzios production boost

Singapore-based Seatrium will send two floating production, storage and offloading vessels to Petrobras’ Búzios field in Brazil within weeks of each other, adding up to 450,000 barrels per day of production capacity when both enter service.

Brazil oil export tax faces fresh legal uncertainty

Brazil’s 12% tax on crude oil exports faces renewed uncertainty after a federal court suspended the levy on the same day the government extended it for another 60 days, setting up a dispute with oil producers.

Italy's MAIRE lands early engineering work at Asian LNG plant

Italian firm MAIRE’s Tecnimont has secured early engineering work for a large-scale gas monetisation project in South America and a front-end engineering design (FEED) contract for an LNG plant in Asia.

El Salvador's Energía del Pacífico receives 40th LNG cargo

Vietnam's Cai Mep LNG receives third commercial cargo

AG&P LNG has received the third commercial LNG cargo at its Cai Mep terminal in southern Vietnam, as the facility moves towards a regular import schedule.

Zimbabwe's 100 MW Munyati solar project clears key bankability hurdle

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has signed an Escrow and Security Agreement with Munyati Evergreen Energy to ring-fence project revenues and guarantee its off-take obligations for a planned solar power plant.

Sempra starts FERC process for Port Arthur LNG expansion

The proposed project would add four liquefaction trains – Trains 5-8 – with capacity of up to around 27mn tonnes per year.

Tristar targets Guyana’s growing offshore logistics market

Guyana’s oil boom is increasingly driving investment onshore, as Tristar plans a 50-acre logistics hub on the West Bank Demerara to support offshore operators, cargo handling and industrial activity.

UAE raises clean energy target for 2030, citing increased electricity demand

The UAE will raise its clean energy target to 35% of total generation by 2030–2031, Energy and Infrastructure Minister Suhail Al Mazrouei announced at the opening of Middle East Energy.

Rwanda's Nyabarongo II hydropower project reaches 75% completion

Rwanda's 43.5-MW Nyabarongo II hydropower project has reached about 75% completion, up from 73.1% in July, with commissioning targeted for December 2027 as the country works to expand domestic electricity supply.

Argentina oil output hits record in July as Vaca Muerta drives production

Argentina’s oil production reached a record 916,200 barrels per day in July, up 17.2% from a year earlier, as Vaca Muerta accounted for about 70% of national crude output and continued to drive the expansion of the country’s energy sector.

Oil rises for second day as Hormuz disruption fears deepen

Oil rose for a second day as US-Iran hostilities deepened fears of prolonged disruption through the Strait of Hormuz, with Brent near $91 and only five commercial vessels a day crossing the waterway.

Iran begins rebuilding South Pars refinery

Iran has begun rebuilding the fifth refinery at its South Pars gas field, damaged in Israeli air strikes, with the operator targeting the return of part of its gas processing capacity by March 2027, the state-owned Pars Oil and Gas Co. (POGC) said.

Abu Dhabi's ePointZero to buy 90% stake in Africa-focused Azura Power

ePointZero has agreed to acquire 90% of African independent power producer Azura Power Holdings in a deal that would give the energy infrastructure investor exposure to 752 MW of operating capacity across Nigeria, Senegal and Mozambique.

Floating solar emerges as India’s next frontier in the clean energy transition

In another boost to the solar power sector, the Indian Union Cabinet recently approved the Pradhan Mantri Surya Sarovar Yojana, a scheme for the development of floating solar photovoltaic projects.

Turkmenistan hit by nationwide blackout after power plant explosion

Turkmenistan experienced a nationwide blackout for several hours on August 30, with electricity and water supply cut across the country following what sources reportedly said was an explosion at Mary GRES, the country's largest power station.

Bucharest-listed Premier Energy reports 27% y/y rise in normalised EBITDA

Premier Energy (BVB: PE), which operates in Romania, Moldova, Hungary and Serbia, reported a 27% year-on-year increase in normalised EBITDA to €79mn in the first half of 2026, despite a 64% decline in net profit.