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VMOS offshore platform installed off Argentina’s Río Negro coast
A self-elevating platform has been positioned off Punta Colorada in Argentina’s Río Negro province as part of the offshore works for Vaca Muerta Oil Sur (VMOS), marking a new stage in the construction of infrastructure designed to transport crude.
Two small earthquakes recorded near Chevron operations in Argentina’s Vaca Muerta
Two earthquakes measuring 2.8 and 2.6 magnitude were recorded near unconventional oil and gas operations in Neuquén province on August 6 and August 12, bringing the number of seismic events detected in the province during 2026 to 57.
Belgium leads EU buyers as Russian LNG sales to the bloc jump 57%
The EU bought €809mn of Russian liquefied natural gas in June, 57% more than a year earlier, with Belgium the single biggest buyer.
Brazil’s Brava Energia, PetroReconcavo sign long-term oil purchase agreement for Potiguar Asset
Brava Energia said it has signed a new long-term agreement to purchase crude oil produced by PetroReconcavo in the Potiguar Asset, marking the first long-term partnership between the two companies.
Oil States do Brasil to supply rigid jumpers for Petrobras' Buzios 10 project
Oil States do Brasil has signed a contract to manufacture and supply rigid jumpers for the state-owned oil company Petrobras’ Buzios 10 project, located in the pre-salt area of the Santos basin.
Petrobras' Tupi field in Brazil reaches 4bn barrels in cumulative production
Petrobras’ Tupi field, in the pre-salt layer of the Santos basin, has reached cumulative production of 4bn barrels of oil equivalent, becoming the first asset in the Brazilian state-owned oil company's history to hit that milestone.
Brazil's Búzios field boosts natural gas supply with new export route
Brazil's Búzios field, the country's top oil and natural gas producer, is set to play a larger role in supplying gas after regulator ANP authorised Brazil’s state-owned oil company Petrobras to begin exporting gas from its P-78.
Blame game under way as massive blackout hits Central Asia
Kazakh utility points finger at hydropower failure in Kyrgyzstan. Claims made by Kyrgyz officials about Kazakh power line disruption denied by Kazakhstan.
Ankara, Riyadh want power grid to stretch from Gulf to Turkey via Jordan and Syria, ponder link to Lebanon
Ankara and Riyadh are working on achieving the construction of a large-scale electricity transmission network that would carry power from Saudi Arabia through Jordan and Syria to Turkey.
Cuba’s US fuel inflows reshape private energy market
US fuel exports to Cuba’s private sector have expanded into a small but growing distribution market, providing limited relief from the island’s energy shortages while also contributing to a costly black market
Nigeria’s Aradel targets petrol production at modular refinery from 2027
Aradel Holdings Plc (NGX: ARADEL) plans to begin petrol production at its modular refinery in 2027 as Nigeria’s deregulated fuel market improves the economics of domestic production
Madagascar starts state fuel imports with 64,000-cubic-metre diesel cargo
Madagascar has directly imported about 64,000 cubic metres of diesel under a new state-led procurement system aimed at securing energy supplies after months of disruption linked to the conflict involving Iran.
Europe killed 25,000 of its own people this summer for want of air conditioning
Extreme heat has killed more than 25,000 people across Europe this year, according to data compiled from government agencies and research institutions in Germany, Spain, France, the UK, Switzerland and the Netherlands.
Bolivia and Chile launch studies for Calama-Uyuni power interconnection, eyeing solar potential
Bolivia and Chile have agreed to launch a bilateral agenda to lay the technical, regulatory and institutional groundwork for linking their electricity systems.
Bolivia's Paz apologises over persistent fuel shortages, vows to fight "mafias"
Bolivian President Rodrigo Paz apologised on August 12 for his government's failure to resolve the country's fuel crisis.
Ecuador reopens tender to finish $69mn fuel storage project at Esmeraldas refinery
State oil firm Petroecuador has launched a fresh tender to complete a $69mn project aimed at expanding liquid storage capacity at the Esmeraldas refinery (REE).
Moldova says it has enough gas for this winter, but prices are an uncertainty
Moldova has secured all the gas it expects to need this winter and 76% of demand for the full 2026-27 gas year, reducing supply risk but leaving prices uncertain.
Russia plans 2031 launch for reusable rocket powered with LNG
Russia is targeting 2031 for the first launch of its reusable Amur-LNG rocket, with design work now completed and manufacturer Progress moving into the hardware production stage.
Mongolia rolls out plan to bolster fuel security amid crisis
Mongolia is combining emergency fuel imports with tax relief, expanded storage and a push to complete its first refinery by 2028 as it seeks to reduce its overwhelming dependence on Russian supplies.
South Africa's 420MW private wind cluster supporting mining operations targets year-end operation
A 420MW cluster of three private wind farms in South Africa that will supply mining operations is expected to enter commercial operation before the end of 2026 despite construction delays caused by unusually heavy rainfall.
UK extends licence to Lukoil to give more time for sale of international business
The UK has extended a licence allowing Lukoil International to keep operating until February 2027, buying more time for the sale of its $22bn overseas portfolio as a shorter US waiver approaches expiry.
Russia's Rosneft set to complete full takeover of mid-sized oil producer Bashneft
Russia’s Bashkortostan region plans to sell the remainder of its stake in oil producer Bashneft to controlling shareholder Rosneft, as the Russian region seeks to raise funds rather than borrow at high interest rates.
EU gas stocks sink below 2021 lows before the hardest winter in five years
Europe's gas tanks are emptier than at any point on record for the time of year, and the cargoes that should be filling them are sailing to Asia instead.
Qatar condemns Iranian attack on UAE oil tankers in Hormuz
Qatar has strongly condemned an Iranian attack on two UAE oil tankers in the Strait of Hormuz, the 16th on ADNOC vessels since the war began, demanding the waterway be reopened without conditions.
Zimbabwe power utility struggles to clear $430m debt
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) is struggling to settle a $430mn debt owed to Hwange Electricity Supply Company (HESCO), the joint venture that operates Hwange Thermal Power Station's Units 7 and 8.
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