Latest Stories

Dangote refinery rising output turns Nigeria into net seaborne fuel exporter

Nigeria has emerged as a net seaborne exporter of petroleum products as rising output from the Dangote refinery drives a more than sevenfold increase in exports and sharply reduces the country’s longstanding dependence on imported fuel.

Uzbekistan attracts Acwa-KOWEPO cooperation in renewable energy projects

Uzbekistan’s green energy ambitions gained fresh momentum as Saudi-listed ACWA Power and South Korea’s Korea Western Power Co., Ltd. (KOWEPO) joined forces under a new memorandum of understanding.

TT wins tank design order for two Tsakos LNG carriers

French LNG containment specialist GTT has secured an order from HD Korea Shipbuilding & Offshore Engineering to design the tanks for two new LNG carriers being built by South Korea's HD Hyundai Heavy Industries.

Ebara Elliott, Doosan to develop LNG compression technology

Ebara Elliott Energy and South Korea's Doosan Enerbility have agreed to jointly develop gas turbine-driven centrifugal compressors for LNG plants, targeting commercial availability from early 2028.

GAIL, DPA and DNV team up on LNG bunkering at Kandla

The agreement will cover the development of LNG bunkering infrastructure and supply chains, as well as the safety framework and operating systems needed to support LNG-fuelled vessels calling at the port.

Fire breaks out at major Kazakh oil refinery

A fire broke out at Kazakhstan's Atyrau oil refinery on August 25, although the facility continued operating normally and no injuries were reported.

Kenya Senate sets 60-day deadline in emergency fuel-import probe

Kenya’s Senate Energy Committee has given government and investigative agencies until October 19 to submit a consolidated report on investigations and disciplinary proceedings involving three former senior energy officials.

Continental Resources to acquire 50% of Phoenix in $4bn Vaca Muerta expansion

US oil producer Continental Resources has agreed to acquire a 50% stake in Phoenix Global Resources from Mercuria Energy Group, creating an equal joint venture that plans to invest more than $4bn over five years to expand oil and gas production.

Rockhopper plans capital raise after Navitas advances Falkland's Sea Lion second FPSO

UK-listed oil and gas company Rockhopper Exploration is considering a capital raise to fund its 35% share of a second floating production, storage and offloading (FPSO) vessel for the Sea Lion project in the North Falkland Basin.

Tower Resources advances Namibia and Cameroon farm-outs, raises bridge funding

Tower Resources (AIM: TRP) has moved closer to completing farm-out transactions with Pakistan-based upstream company Prime Global Energies, with its Namibia deal awaiting final ministerial execution of assignment documents and its Cameroon approvals.

Botswana grants France's Orano three more uranium exploration licences

Botswana has granted three new uranium prospecting licences to French state-owned Orano Mining, taking the company’s total holdings in the country to 18 as the diamond-dependent economy seeks to diversify.

Trion project nears offshore milestone as key equipment lands in Mexico

The $10.4bn Trion ultra-deepwater oil project moved a step closer to installation after Netherlands-based SBM Offshore confirmed the arrival of critical offshore equipment in Altamira, Mexico, shipped via the Panama Canal from China.

Argentina’s energy surplus jumps to $722mn in July on oil export growth

Argentina recorded an energy trade surplus of $722mn in July, up sharply from $12mn a year earlier, as oil exports doubled and energy imports fell, extending the country’s improving energy balance during 2026.

Mexico misses Latin America's oil boom as Brazil, Guyana fill the gap left by Iran conflict

Mexico is being left behind as Latin America emerges as the world's leading oil supplier outside OPEC, with Brazil, Argentina, Guyana and Venezuela capturing new market share while Mexican crude exports sit at historic lows.

Brazil’s Petrobras opens tender for new diesel unit

Argentina turns Strait of Hormuz into competitive advantage

Argentina is positioned to unlock a critical global energy sector advantage due to the Strait of Hormuz closure, as two massive monobuoys complete their passage through the vital chokepoint.

Brazil’s equatorial oil could fuel industry

Argentina's Neuquén province achieves record oil output for July

Argentina's Neuquén province produced an average of 658,640 barrels of oil per day in July 2026, a record high for the province and a 1.64% increase on a monthly basis.

Continental, Mercuria plan $4bn investment in Argentina’s Vaca Muerta

US oil producer Continental Resources and Swiss commodities trader Mercuria are planning to invest about $4bn over five years to expand oil production in Argentina’s Vaca Muerta shale formation.

Saudi Aramco signs $3.7bn in deals with French firms

Saudi Aramco has signed agreements and an MoU with French firms worth a potential $3.7bn, covering drilling equipment, oil and gas pipes and AI, during MBS's Paris visit.

Turkey's installed power capacity reaches 126,476 MW in July

Turkey's installed electricity generation capacity rose to 126,476 megawatts (126.476 gigawatts) by the end of July, according to a statement from the Energy and Natural Resources Ministry.

Guyana weighs fuel security as oil boom exposes import dependence

Guyana’s oil boom has not ended its fuel vulnerability. Georgetown is weighing refineries, strategic storage and a national oil company as geopolitical shocks expose the risks of relying on imported refined products.

MODEC brings Guyana’s next FPSO closer to first oil

Guyana’s oil expansion advances as MODEC’s FPSO Errea Wittu arrives for the Stabroek block’s Snoek, Mako and Uaru developments, bringing ExxonMobil’s next offshore production phase closer to first oil.

Brazil’s largest gas plant halts operations

Brazil’s largest operating gas-fired power plant, GNA II, has suspended generation indefinitely after a technical failure damaged equipment at the 1.7 GW facility in Rio de Janeiro state.

Guyana’s oil boom exposes the operational risks of rapid output growth

A brief fire halted ExxonMobil’s Liza Unity operations off Guyana, exposing the operational risks behind the country’s rapid rise towards 1mn barrels per day of offshore oil production.