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Brazil’s Petrobras FPSO hits peak production
Petrobras’ Alexandre de Gusmão FPSO has reached its production capacity of 180,000 barrels of oil per day at the Mero field in Brazil’s Santos Basin pre-salt.
Guyana’s oil boom pushes output past 1mn barrels a day
Guyana’s oil output is set to exceed 1mn barrels per day as the Errea Wittu FPSO prepares for Uaru, deepening the country’s dependence on offshore hydrocarbons while increasing pressure to turn record production into broader economic gains.
Brazil’s Petrobras secures long-term gas access in Bahia state
Petrobras and three energy companies have extended their agreements for access to the Catu Natural Gas Treatment Unit in Bahia, securing processing capacity for gas produced from onshore fields in the state.
Brazil’s Petrobras targets four offshore blocks in Ghana
Petrobras has entered direct negotiations for exploration contracts covering four offshore blocks in Ghana’s Keta Basin after the country’s Ministry of Energy and Green Transition approved its application.
Iran opens 95-MW solar plant near Tehran to ease power shortages for industries
Iran has brought its largest solar power plant into operation, a 95-megawatt facility near Tehran built to supply electricity to the country's largest industrial estate and the biggest in the Middle East.
Petro-Victory doubles Brazil oil output
Petro-Victory Energy increased oil production at its Capixaba Energia assets in Brazil by 128% during the first year of operations, while cutting production costs by 37%.
Brazil’s Amazon oil find boosts Lula’s re-election campaign
Brazil’s recent oil discovery off the Amazon coast is giving President Luiz Inacio Lula da Silva a boost in his re-election campaign, particularly in Amapá, where the project could bring future investment and jobs.
Mozambique’s gas sector development shifts from potential to project delivery, says AEC
Mozambique’s gas sector is entering a new phase as major LNG projects restart or move towards investment decisions, while the government seeks to use domestic gas supplies to expand electricity access and support industrial development.
Defiant Iran says oil production, exports hold up as US mounts sanctions pressure
Iran will find ways to deal with new US measures targeting its economy and oil industry, National Iranian Oil Co. (NIOC) chief Hamid Bovard said, as Washington ramps up pressure on Tehran in what US officials have called an “Economic D-Day”.
AFC targets Nigeria pension capital with $150mn climate-resilient infrastructure fund
AFC Capital Partners has launched a $150mn climate-resilient infrastructure fund in Nigeria, seeking to channel domestic pension and other institutional savings into transport, renewable energy and other infrastructure projects.
Ghana’s Jubilee Oil output hits 2026 high as field rebounds
Ghana’s flagship Jubilee Field lifted crude production to its highest level of 2026 in June, offering a boost to the country’s efforts to stabilise output from its maturing offshore oil industry.
South Africa offshore block could hold 4.5 Tcf of gas, Eco and Navitas say
Eco (Atlantic) Oil & Gas and Navitas Petroleum estimate that Block 1 CBK offshore South Africa could contain about 4.5 trillion cubic feet of unrisked prospective gas resources, alongside prospective resources exceeding 3.6bn barrels.
Ghana's PETROSOL lists $9mn debut bond after 78% oversubscription
Ghana's PETROSOL Platinum Energy PLC, an indigenous oil marketing company, listed its maiden corporate bond on the GSE's Ghana Fixed Income Market (GFIM) on August 24 after a bookbuild that closed 178% subscribed.
Uganda first oil target delayed as Middle East conflict disrupts equipment shipments
Uganda missed its July 2026 first oil target and has yet to set a new one owing to the continued delay of equipment for the Tilenga and Kingfisher oil projects.
Cuba invites Iranian investors into fuel market
Cuba has called on Iranian companies to invest in its fuel supply market, saying investors can operate in the country using “any currency” as Havana opens up parts of its economy under pressure from US sanctions.
Iran values newly discovered Takhteh gas field at $45bn
Iran’s newly found Takhteh gas field in the southern province of Fars is worth about $45bn, a senior official at the National Iranian Oil Co. (NIOC) said, calling it one of the country’s most important gas discoveries in two decades.
Kazakhstan’s KPI sees 13% y/y rise in polypropylene output in 7M26
Kazakhstan Petrochemical Industries (KPI) has reported a 13.4% y/y increase in polypropylene (PP) output to 248,400 tonnes during 7M26.
CB&I lands Côte d’Ivoire FPSO contract in $50mn-$100mn value band
Privately held energy services company CB&I has secured a three-year FPSO operations contract in Côte d’Ivoire that the company classifies within its $50mn-$100mn value band.
KBR to license technology for Kazakhstan’s first sustainable aviation fuel plant
US engineering company KBR has won a contract to provide technology and engineering services for Kazakhstan’s first sustainable aviation fuel plant, KBR said in a press release on August 24.
Philippines targets local production of electric public transport
President Ferdinand Marcos Jr pledged state backing to build fully Philippine-made electric vehicles, visiting local manufacturer MD Juan Enterprises in Caloocan City on August 25.
Lukoil’s Romanian refinery files for insolvency to protect operations and jobs
Petrotel Lukoil, the Romanian refinery owned by Russian energy group Lukoil and subject to US sanctions, will enter insolvency proceedings "to protect the industrial asset, employees and prospects of restarting production."
China electric vehicle charging points surge 41.9%
China added millions of electric vehicle power points to its national grid in the first seven months of the year, bringing the total count to 23.68mn by the end of July.
Nigeria's NUPRC warns 31 oil block winners over signature bonus deadline
Nigeria’s upstream regulator has warned 31 companies awarded 37 oil and gas blocks in the 2025 Licensing Round to pay their required signature bonuses on time or risk losing their provisional awards to reserve bidders
Philippines seeks $100mn ADB loan for solar irrigation
The Philippines is seeking a $100mn loan from the Asian Development Bank (ADB) to build solar-powered irrigation systems across the country, according to bank documents.
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