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Afreximbank and oil producers launch Africa Energy Bank with $5bn authorised capital, eye first financing in 2027
The Nigeria-based lender, plans a $1.25bn first subscription tranche and will prioritise export and domestic gas infrastructure, power and clean cooking.
The fragmented cost of energy - IntelliNews Lambda
European gas prices broke €100 per MWh on October 28 for the first time since 2022, with the tanks meant to carry the continent through winter only three-quarters full.
Nigerian energy group Oando swings to $56mn pretax loss despite 14% production rise
Oando proposes to raise up to NGN500bn in new equity, starting with a NGN220bn rights issue awaiting regulatory approval, alongside converting $300mn of existing debt into equity
Nigeria’s Dangote refinery boosts fuel exports 37% in September as local deliveries fall
Dangote refinery exports rose 37.3% to 54.63mn litres a day in September, outstripping Nigerian deliveries, NMDPRA data show, as petrol stocks stayed below the 30-day benchmark.
Kenyan power producer KenGen completes $120mn rehabilitation of Olkaria I geothermal plant
KenGen puts the station's upgraded installed capacity at approximately 63MW, up 40% from 45MW previously.
Nigerian oil and gas group Oando boosts production 14% but posts nine-month pretax loss
Oando (NGX:OANDO; JSE:OAO) returned to operating profit in the first nine months of 2026 as higher oil and gas production, lower operating costs and improved facility reliability strengthened upstream performance.
Indonesia squeezes Singapore as gas nationalism crosses a new line
Indonesia has started using its gas as a political lever against Singapore, first cutting pipeline deliveries and then questioning what the city state does with Indonesian LNG.
Russian attacks extend payback period for Ukrainian energy investments
Concorde Capital now expects its investments in Ukraine's energy sector to pay back in four to five years, compared with an earlier estimate of about 18 months, as Russian attacks on infrastructure undermine the industry's economics.
Croatia's INA doubles nine-month net profit to €303mn as diesel margins soar
Croatian oil and gas company INA (ZSE: INA) more than doubled its nine-month net profit to €303.4mn as diesel margins soared.
South Korea eases diesel curbs as Asia rethinks fuel security
South Korea will let its refiners export more diesel from November, as Asian governments ease wartime fuel controls only as far as their own supplies allow.
Ethiopia’s hydropower expansion highlights gap between growing generation capacity and limited electricity access, says IEA
Ethiopia has invested heavily in hydropower and is becoming a major electricity supplier in East Africa, but unreliable networks, limited household access and a shortage of private investment continue to restrict the economic benefits.
China set to lose world's largest LNG importer status to Japan as demand weakens
China is on course to lose its position as the world's largest LNG importer to Japan in 2026, as elevated international prices, stronger domestic gas production and expanding pipeline supplies undermine demand for seaborne imports.
Indonesia's gas security push threatens export ambitions
Indonesia is considering further restrictions on natural gas exports as it seeks to secure supplies for domestic power generation and industrial development.
Greater Sunrise faces new uncertainty as Timor-Leste searches for operator
Timor-Leste is seeking a new international operator for the long-delayed Greater Sunrise gas development following Woodside Energy's decision to withdraw.
China export U-turn sends Asian gasoline margins crashing
Asian gasoline refining margins have fallen almost 80% from their October peak after Beijing unexpectedly released more fuel export quotas, exposing the fragility of a market that had benefited from severe supply disruptions.
Abadi LNG secures domestic buyers but financing remains key obstacle
Indonesia's $21bn Abadi LNG development has secured new gas supply agreements with three domestic buyers, marking an important step towards commercialising the long-delayed project.
India's LNG import bill jumps 23% despite modest growth in volumes
India's LNG import bill rose by 23% year on year to $8.5bn during April–September 2026, as soaring international gas prices and disruptions to Middle Eastern supplies drove up costs despite only a modest increase in import volumes.
Eni starts Maha gas production offshore Indonesia, boosting supply to Bontang LNG
Italy's Eni has started natural gas production from the offshore Maha field in Indonesia's Kutei Basin, adding new supplies for domestic consumers and the Bontang LNG export complex as the country seeks to reverse declining gas output.
Reliance profit surges 41% as refining margins strengthen
India's Reliance Industries reported a 40.6% year-on-year increase in net profit to INR255.48bn during July–September, driven by stronger refining margins and higher petrochemical earnings amid global supply disruptions.
China's oil giants reap windfall as domestic fuel demand slumps
PetroChina and Sinopec have reported sharply higher profits despite falling refinery throughput and fuel sales, highlighting how elevated oil prices and stronger margins are masking structural weakness in China's petroleum market.
Origin's Australian LNG revenues surge 32% on higher prices
Bangladesh seeks more US LNG deals as Qatar supply crisis deepens
Bangladesh is negotiating additional long-term LNG supply agreements with US companies as it seeks to diversify imports and reduce its dependence on Middle Eastern suppliers following prolonged disruption to Qatari deliveries.
Indonesia plans new agency to accelerate upstream oil and gas investment
Indonesia plans to establish a new agency with sweeping authority over upstream oil and gas permitting, as the government seeks to attract foreign investment, accelerate exploration and reverse declining domestic production.
Australia’s Santos faces regulatory scrutiny over Barossa gas flaring
Australian energy producer Santos is facing renewed regulatory scrutiny over excessive gas flaring and fuel consumption at its $5.6bn Barossa LNG development.
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