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Russian regional oil major Tatneft to pay 1H26 dividend

The board of Russia’s regional oil producer Tatneft (TATN) of the Tatarstan Republic recommended a 1H26 dividend of RUB32.88 ($0.40) per share, according to the company.

Indian Oil signs five-year fuel supply deal with Mauritius

Indian Oil Corporation (IOC) has signed a five-year agreement with Mauritius’ State Trading Corporation (STC) to supply the country’s entire import requirement of motor spirit, high-speed diesel and aviation turbine fuel.

India could add 45-50 GW of renewable capacity annually over next two years

India could add around 45-50 GW of renewable energy capacity annually over the next two years, supported by a substantial pipeline of projects awaiting power purchase agreements (PPAs), according to Nuvama Research.

Algeria’s H1 natural gas output reaches three-year high

Algeria’s natural gas production rose by 4.2% year-on-year (y/y) in H1 2026, adding 2.2bn cubic metres (bcm) to reach 54.01 bcm

White & Case selected to advise financing for Dominican Republic’s Manzanillo LNG project

The Dominican Republic’s Manzanillo LNG-to-power project has selected global law firm White & Case to advise lead arrangers and joint structuring agents Citibank and JPMorgan Chase on the $900 mn project.

Chinese vessels transit Hormuz despite US blockade on Iran

Two Chinese-flagged vessels reported transiting Iranian side of Strait of Hormuz, days after major Chinese shippers said to have halted use of the route.

China’s United Energy Group explores liquefied gas project in Uzbekistan’s Surkhandarya

Bangladesh’s gas shortage falls with increased LNG supply to grid

Bangladesh’s gas shortage has eased following supply of LNG from two floating LNG terminals in Cox’s Bazar in the southwest of the country.

Iran finds major onshore gas field in south

Iran has discovered a new onshore gas field in the southern province of Fars holding 7.5 trillion cubic feet (212bn cubic metres) of natural gas in place, Oil Minister Mohsen Paknejad said.

Iran's Pezeshkian tells government to cut fuel use first

Egypt eyes strategic drilling partnership with ADNOC Drilling

Egypt’s Ministry of Petroleum and Mineral Resources is exploring strategic partnerships with UAE-based energy services company ADNOC Drilling (ADX:ADNOCDRILL) to execute an expanded onshore and offshore drilling programme across the country

Mozambique’s Rovuma LNG selects Corinth Pipeworks for offshore contract

ExxonMobil and its partners have chosen Corinth Pipeworks to supply line pipe for Phase One of its Rovuma LNG project in northern Mozambique.

Russian Urals crude sells at a premium in India for the first time since May

Russian Urals crude is being offered to Indian refiners at a premium to Brent for the first time since May, reversing the discount that sanctions were designed to enforce.

Rosatom is building 28 reactors abroad and negotiating 50 more

Rosatom is building 28 nuclear power units in nine countries and has signed agreements for 17 more, its chief executive told President Vladimir Putin.

Canada’s proposed Churchill LNG export terminal estimated to cost $80 billion

Studies reveal ice class tankers can navigate Hudson Bay but will require an offshore terminal.

Kyrgyzstan subsidises fuel traders amid price spike

Kyrgyzstan has paid around KGS1bn ($11.4mn) in subsidies to fuel traders as the government seeks to prevent a sharp rise in petrol, diesel and autogas prices.

EU downplays gas storage risks ahead of winter

The European Commission has played down concerns over the EU's low gas storage levels, saying there is no immediate threat to security of supply this winter despite inventories remaining well below last year's levels.

Six EU countries push for bloc-wide windfall tax on oil companies

Six EU countries, including political heavyweight Germany, have renewed calls for a bloc-wide windfall tax on oil companies, arguing that high prices caused by the Middle East conflict are generating exceptional profits for the industry.

IntelliNews Lambda: EU gas storage to reach only 77% by November 1, but a crisis depends on the weather

EU gas storage will be about 77% full when the heating season opens on November 1, 12 points below the fifteen-year norm and short of the 90% target. What happens after that will dependend heavily on the weather.

Iran’s Darkhoein oilfield output climbs by 3,000 bpd after well workover

Crude oil production at Iran’s Darkhoein oilfield in southwestern Khuzestan province has surged by 3,000 barrels per day (bpd) after a workover on one of its wells, the CEO of state-run Arvandan Oil & Gas Co. (AOGC) said.

Baghdad wins a narrow Hormuz reprieve

Bowing to persistent Iraqi lobbying, Tehran has begun waving through select Iraqi crude tankers at Hormuz. It is a partial, politically freighted escape valve from six-month shipping paralysis

Tanzania targets power exports after inaugurating $2.82bn hydropower plant

Tanzania's 2,115 MW Julius Nyerere hydropower plant has helped create an electricity surplus credited with boosting industry and GDP growth while opening the way for regional power exports.

Iran to revive South Pars gas plant by March 2027

Iran plans to fully restore a gas processing plant at its giant South Pars field that was damaged in an Israeli drone strike last year in the next seven months, the head of the Pars Oil and Gas Co. (POGC) said.

Brazil’s Petrobras moves ahead with CCS pilot

Petrobras has awarded Halliburton a contract to drill and complete four onshore wells for its São Tomé carbon capture and storage (CCS) pilot in Rio de Janeiro state, moving forward with infrastructure for the project.

Johannesburg pays $328mn Eskom debt, removing electricity supply threat

The payment removes the immediate Eskom supply threat but leaves Johannesburg facing wider pressure to stabilise its finances, improve revenue collection and repair ageing municipal infrastructure.