Latest Stories
India must mobilise domestic capital to fund clean-energy investment
India will need to mobilise a significant share of funding from domestic financial institutions, capital markets, insurance funds, infrastructure investors and private capital to achieve its target of 500 GW of non-fossil-fuel capacity by 2030
Russian fuel retailers seek extension of diesel export ban
The Russian Fuel Union requested that the government extend the full ban on diesel exports by refineries beyond September 1, 2026, arguing that supply to independent filling stations remains constrained.
PTTEP signs 35-year gas deal for Thai-Malaysia JDA block
A Thai company has secured a 35-year deal covering gas exploration and production in the Malaysia-Thailand Joint Development Area (JDA).
Colombia's Bia Energy raises $18.5mn to expand solar generation and software
Bia Energy has raised $18.5mn in a funding round led by Kaszek as the Colombian energy company expands beyond electricity retail into distributed generation and utility software
Colombia's active drill count rises to 114 in July as well maintenance rigs return
Colombia recorded 114 active oil rigs in July 2026 — 33 dedicated to drilling and 81 to well maintenance — marking a 1.8% increase against July 2025 and a 22.6% jump versus June 2026, equivalent to 21 additional rigs month-on-month
French TotalEnergies exits Russian Arctic LNG 2, retains $1.3bn loan claim
French energy major TotalEnergies (TTE) completed the transfer of its 10% stake in Russia’s Arctic LNG 2 project to NordLine, a subsidiary of Russia’s largest independent gas producer Novatek (NVTK).
Brazil moves to break its southern gas bottleneck
Brazilian gas pipeline operator TBG has proposed a $286mn expansion of the Bolivia-Brazil Gas Pipeline to increase gas flows in the country’s south as supplies from Bolivia decline.
Texas oil and gas employment drops in July
Oil and gas employment in the upstream sector in Texas declined by 1,200 jobs between June 2026 and July 2026.
Tallgrass announces open seasons for Pony Express, Seahorse pipeline capacity
US midstream player Tallgrass released separate announcements last week about open seasons on two of its pipelines.
Iran faces 14mn-litre daily petrol shortfall
Iran is running a daily petrol shortfall of about 14mn litres as the government retreats from a price rise towards rationing, with queues lengthening, imports blocked and a black market forming at filling stations.
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.
Follow us online