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Kazakhstan’s KazMunayGas receives first Chinese equipment for Zhanaozen gas plant
Kazakhstan's KazMunayGas has received the first shipment of Chinese-manufactured equipment for its new gas processing plant in Zhanaozen, marking another step towards completion of the 900mn cubic metre (mcm)-per-year facility.
Trump says Venezuela sent 1mn barrels of oil as a ‘gift’
US President Donald Trump said Venezuela had sent a tanker carrying 1mn barrels of crude oil as a “gift,” as his administration moves to expand American control.
Cameroon's Sonara signs fuel supply deal with Nigeria's Dangote and MRS
Cameroon's state-owned oil refiner Sonara has signed a fuel supply agreement with Nigeria's Dangote Group and MRS Oil & Gas
Argentina’s YPF swings to $1.2bn quarterly profit as shale output boosts results
Argentina’s state-controlled oil company YPF reported a net profit of $1.196bn in the third quarter of 2026, reversing a loss of $198mn in the same period last year.
Experts question Venezuela’s claim to 303bn barrels of oil reserves
Venezuela’s claim to hold the world’s largest proven oil reserves is facing renewed scrutiny as experts question the figures supporting US plans to expand control over the country’s petroleum resources.
US appeals court upholds defaulted PDVSA bonds, increasing pressure on Citgo
A US appeals court upheld the validity of Venezuela’s defaulted 2020 oil bonds, strengthening creditors’ claims tied to Citgo Petroleum and potentially increasing pressure on the US-based refiner.
Citgo raises 2026 profit outlook to as much as $8bn on refining boom
Citgo Petroleum has increased its 2026 earnings forecast by nearly $2bn as strong fuel margins boost the profitability of the Venezuelan-owned refiner’s US operations.
Ozona, Marubeni sanction carbon storage project in Texas
US carbon storage developer Ozona CCS and Japanese trading house Marubeni have taken a FID on the Pawnee Carbon Sequestration Project in Bee County, Texas.
Howard Energy to buy Iron Horse Midstream gas processing firm from Sixth Street
San Antonio-based Howard Energy Partners has signed a definitive agreement to buy Oklahoma gas gatherer and processor Iron Horse Midstream from investment firm Sixth Street.
Ghana think tank launches year-long review of nuclear power investment readiness
Ghana’s Institute of Economic Affairs has launched a one-year review of the workforce, regulatory and investment needs of the country’s nuclear power programme.
Shell starts third Silvertip phase at Perdido in US Gulf
Shell has begun producing from the third phase of its Silvertip project in the US Gulf of Mexico, tying two new wells back to the Perdido spar, which it also operates.
Russian scientists develop process to convert plastic waste into gasoline and diesel
Russian scientists have developed a method of converting plastic waste into petrol and diesel using thermal cracking, potentially providing an alternative source of fuel components while reducing the amount of plastic sent to landfill.
Gazprom advances eastern gas expansion
The Russian gas giant is nearing completion of major Arctic and Far Eastern projects, although its pivot towards Asia remains constrained by export capacity, commercial uncertainties and China's bargaining power.
Moldova buys Ukrainian gas below European prices as winter costs surge
Moldova has secured its first natural gas supplies from Ukraine at prices below European market benchmarks, as Chisinau seeks cheaper alternatives to ease mounting energy costs ahead of the winter heating season.
France’s TotalEnergies warns Europe entering dangerous period as gas prices exceed €100 per MWh
Europe is entering a dangerous period in its gas market as prices exceed €100 per MWh and competition with Asia for limited LNG supplies intensifies ahead of the winter heating season.
Europe heads into winter with gas prices still soaring
Europe faces a difficult winter as storage levels lag historical norms, LNG supplies remain constrained and gas prices approach their highest levels since the 2022 energy crisis.
Russa's Gazprom Neft deploys 200 software robots to automate business operations
Russia's Gazprom Neft has deployed more than 200 software robots across its operations, freeing up over 400,000 working hours over the past year through the automation of administrative processes.
Hungary turns to US as Russian gas dependence faces deadline
Budapest is seeking US support to diversify its energy supplies, but its heavy reliance on Russian gas, long-term contracts and infrastructure costs complicate the transition.
Ukrainian drones target Rosneft refinery as US-brokered strike pause falters
Ukraine reportedly struck a major oil refinery in Russia's Samara region on October 30, in an apparent resumption of attacks on Russian refining infrastructure following a temporary suspension secured under pressure from Washington.
Naturgy sees scope to continue Yamal LNG purchases despite EU ban
Spain's Naturgy sees opportunities to continue purchasing Russian LNG from the Yamal LNG project after the EU's import ban takes effect on January 1 2027.
Kazakhstan’s KazMunayGas partners with Spain’s Exolum to develop aviation fuel hub
Kazakhstan’s state-owned KazMunayGas has signed an agreement with Spain’s Exolum to develop aviation fuel infrastructure across the country, as Astana seeks to capitalise on its position between Europe and Asia and establish itself as a regional hub.
Crude, condensate deliveries to Nigerian refineries top 127mn barrels as Q3 volumes fall 16%
Nigeria supplied more than 127mn barrels of domestically produced crude oil and condensate to local refineries between January and September 2026, following regulatory interventions to address supply disruptions
Green Climate Fund approves $56mn for Namibia’s hydrogen investment vehicle
The Green Climate Fund (GCF) has approved a $56mn allocation to Namibia’s SDG Namibia One investment fund to support green hydrogen and industrial decarbonisation projects
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