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US announces last-ditch sanctions on Iran
Iran and the US are looking for ways to end the war as the power of the Strait of Hormuz wanes and energy prices remain high.
80% of feedstock for Nigerian refineries now made up of domestic crude
Data from the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) this week shows that Nigerian oil producers have supplied nearly 80% of the crude oil used as feedstock by domestic refineries this year.
Enbridge makes moves to drive infrastructure expansions
Enbridge is taking new steps to drive infrastructure expansions for both oil and natural gas.
Iraq secures $500mn in new oil and gas contracts in July 2026
Iraq awarded oil and gas contracts worth a combined $500mn in July. The new project awards across the Middle East and North Africa fell to $20.4bn from $26.2bn in June.
Iraq seeks alternative route for Basra crude as Hormuz disruption hits exports
Iraq’s State Organisation for Marketing of Oil (SOMO) has launched a tender to sell Basra crude cargoes for September loading outside the Strait of Hormuz.
Argentina approves $365mn RIGI expansion for Compañía Mega NGL industrial complex
Argentina has approved a $365mn investment project by Compañía Mega under its Large Investment Incentive Regime (RIGI) to expand production of natural gas liquids (NGL), adding more than 500,000 tonnes of annual output capacity.
Iran's Marun Petrochemical lifts five-month sales 45%
Kazakhstan starts sending petrol to Russia from a Tatneft-linked refinery
Kazakhstan has begun shipping small volumes of petrol to Russia from a refinery that has been processing crude to order for Tatneft, a producer under British and Canadian sanctions.
Mexico’s Pemex burden is increasingly becoming a sovereign risk
Mexico’s escalating support for Pemex is reshaping sovereign risk, raising borrowing costs and testing the credibility of a government once regarded as one of emerging markets’ strongest fiscal performers.
Every major Lukoil refinery in Russia is now shut
Lukoil has no large working refinery left in Russia after a drone strike stopped its Kstovo plant, the fourth-biggest in the country.
Bolivia rules out privatising state oil firm YPFB, plans major reform amid fuel crisis
Bolivia's government on August 25 ruled out privatising state energy company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) but confirmed it is preparing a major overhaul of the firm, as a persistent fuel shortage continues to cause long queues
Israeli oil and gas subsidiary Ithica Energy to join FTSE 100
Ithaca Energy, the UK exploration and production arm of Israel's Delek Group, will join the FTSE 100 in the London Stock Exchange's September reshuffle, becoming one of the few Israeli-owned companies ever admitted to the index.
Brazil extends fuel support as oil risks persist
Brazil’s government will extend a gasoline subsidy of BRL0.44 ($0.085) per litre until September 9, delaying the measure’s planned expiry as global oil prices remain affected by the conflict involving the United States and Iran.
BP advances Bumerangue oil discovery in Brazil
BP has awarded Halliburton an integrated contract for the first appraisal campaign at its Bumerangue deepwater discovery offshore Brazil, as the energy company moves to assess the field’s potential in the Santos Basin.
Guyana’s Whiptail project moves closer to adding 250,000 barrels per day
Guyana’s Whiptail oil project is moving towards offshore installation, with the Jaguar FPSO set to add up to 250,000 barrels per day to the country’s rapidly expanding production capacity.
ExxonMobil fire exposes safety and continuity risks at Guyana’s Liza Unity
A fire briefly halted ExxonMobil’s Liza Unity FPSO offshore Guyana, but rapid emergency procedures allowed production and crude offloading to resume after safety checks.
Solarcentury Africa, Dallaglio advance 7 MW solar project at Zimbabwe’s Eureka gold mine
Solarcentury Africa has signed an agreement with Dallaglio Investments to develop a 7 MWp solar power plant at the Eureka Gold Mine in Zimbabwe, as mining companies seek to reduce energy costs and improve power supply reliability.
Iran vows to clear funding hurdles for South Pars rebuild
Iran’s economy minister pledged to remove any barrier blocking funds for the reconstruction of damaged facilities at the South Pars gas field, as the country races to restore gas-processing capacity before winter.
AEC warns Wild Coast ruling could deter investment in African oil and gas
The African Energy Chamber criticised the Wild Coast ruling, saying it could weaken South Africa’s energy security and discourage investment in African oil and gas projects.
Greenpeace welcomes Wild Coast ruling as boost for South Africa's communities and renewable energy
Advocacy group Greenpeace International has welcomed South Africa’s Constitutional Court ruling against Shell’s Wild Coast exploration, saying it strengthens the rights of coastal communities and supports a shift towards renewable energy.
Russian analyst warns US financial threats against Iran's partners risk dollar
A Russian economist warns that cutting Iran's trading partners out of the global financial system would damage confidence in the US dollar, citing the exposure of China and Oman.
Iran connects largest solar farm to grid amid power crunch
Iran has connected a 72-megawatt solar farm to its national grid in the northeastern city of Esfarayen, the country's largest solar facility in North Khorasan province.
Nigeria's Atiku reaffirms targeted petrol subsidy plan, rejects aide's phase-out claim
African Democratic Congress presidential candidate Atiku Abubakar has reaffirmed plans to restore a targeted petrol subsidy if elected in 2027, saying the intervention would support domestic refining and lower living costs
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