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Brazil’s Petrobras sees oil output beating 2026 forecast
Petrobras is likely to exceed its 2026 oil production forecast, Chief Executive Magda Chambriard said, after output in the second quarter surpassed the company’s target by 200,000 barrels per day.
UK issues bioenergy-CCS permit for power station in Yorkshire
The UK Environment Agency has issued energy firm Drax with a revised environmental permit covering its proposed bioenergy with carbon capture and storage development at the Drax power station in North Yorkshire.
US oil firm Occidental eyes year-end launch of direct air capture CO2 project
US oil producer Occidental Petroleum is targeting the end of this year to begin full commissioning of its STRATOS direct air capture facility in Texas, with the project expected to transition into operations in 2027.
Eni takes stake in Uruguay offshore block as exploration push expands
Eni is expanding its exploration presence in Uruguay through a partnership with APA Corporation, taking a stake in an offshore block as the country draws growing interest from international oil and gas companies
US disposes of two Venezuela-linked tankers in India scrap deal
Two oil tankers taken into US custody after Washington’s operation in Venezuela have been sold to a ship recycler and are headed for demolition in India, according to Lloyd’s List
Lviv region alcohol plant seeks strategic investor to develop bioethanol complex
The owner of an operational and modernised alcohol plant in Ukraine's Lviv region is considering bringing in a strategic investor to expand the facility and develop a modern bioethanol complex.
Ukraine prepares for a difficult winter as Kyiv expands backup power and heat generation
Kyiv is expanding backup power and heating capacity ahead of another difficult winter, as Ukrainian authorities seek to protect critical infrastructure and residential areas from possible disruptions to energy supplies.
Belgian Exmar advances Colombia LNG import project with converted FSU
Belgian shipowner Exmar is advancing the conversion of an LNG carrier into a floating storage unit for a gas-import project in Colombia, with operations expected to begin in the third quarter of 2026
Colombia’s oil, mining sectors seek faster investment approvals under new government
Colombia’s oil and mining industries are preparing billions of dollars in potential investment after years of weaker exploration, but companies are urging President-elect Abelardo de la Espriella’s incoming administration to move quickly
GeoPark targets Vaca Muerta growth as Colombia costs rise
GeoPark reported second-quarter revenue of $143.3mn, up 12% from the previous quarter, as stable Colombian production and faster development in Argentina supported its Latin American oil-and-gas portfolio
Colombia’s De La Espriella signals oil and gas revival, keeps energy transition
Colombia’s new president, Abelardo de la Espriella, signalled a major shift in energy policy, pledging to revive oil and gas production, rebuild state-controlled Ecopetrol and strengthen the electricity system while maintaining a transition
Fifteen companies vie for Argentine blocks in bidding war
Neuquén province's first unconventional bidding round in six years has attracted at least 15 companies, both North American majors and local independents.
TechnipFMC drilling equipment departs for Suriname's landmark GranMorgu project
TechnipFMC has advanced critical infrastructure milestones on Suriname's inaugural offshore oil development, delivering subsea equipment and installing floating production vessel connection components.
Libya declares state of emergency in Zawiya after drone strikes
Libya's state-run National Oil Corporation (NOC) declared a state of maximum emergency in the northwestern city of Zawiya after a fuel storage tank collapsed
Vessel for Southern Energy's Argentine LNG project enters final preparations
The Hilli Episeyo, a floating liquefaction unit destined for Southern Energy's LNG project, departed Cameroon for Singapore refurbishment ahead of deployment off Río Negro's coast by mid-2027.
Iraq advances plans to develop Ajil field gas production
Iraq's Oil Ministry has stressed the importance of optimising gas investment at the Ajil oil field as part of plans to develop oil fields, increase crude production and expand the use of associated gas.
Six Chinese equipment makers express interest in South Africa’s $136bn energy programme
Six Chinese energy-sector equipment manufacturers have expressed interest in South Africa’s energy infrastructure programme following a week-long investment mission to China.
Mongolia rations gasoline as fuel shortages send drivers into long lines
Import disruptions from war-hit Russia leave ministers scrambling to arrange supplies from China, Korea and Kazakhstan.
EDF-led consortium reaches financial close on 120MW Oman wind project
An international consortium led by EDF power solutions, Al Khadra Partners and OQ Alternative Energy (OQAE) has reached financial close on the 120-megawatt (MW) Jaalan Bani Bu Ali (JBB) Wind Independent Power Project in Oman.
Peru oil output remains structurally weak despite July uptick
Peru’s crude output edged higher in July but remained 23% below last year’s level. Production is concentrated in a handful of blocks, while weak exploration threatens to deepen the country’s reliance on imported hydrocarbons.
BP hands Trinidad a stake in the gas field it needs most
BP sells a 20% stake in the Trinidad side of the Cocuina-Manakin gas field to state-owned NGC, tightening ties across the Venezuela border as Atlantic LNG battles a supply crunch. A final investment decision is expected by year-end.
PetroTal keeps Peru output ahead of plan as drilling restart nears
PetroTal is keeping Peru oil output ahead of budget, with first-half production 3% above plan. But sustaining growth will depend on well maintenance and the planned October restart of development drilling at Bretana.
Petroperú brings back Oliver Stark as financial crisis tests new board
Petroperú returns Oliver Stark to the chair as the state oil company faces persistent liquidity, governance and operational pressures despite a return to profit in the first half of 2026.
Vista seeks RIGI incentives for $5.8bn Vaca Muerta shale project
Vista Energy has applied to include its $5.8bn Bandurria Norte shale oil development in Argentina’s Large Investment Incentive Regime (RIGI), in what would become the largest single project submitted under the programme.
Ghana's Bui Power Authority posts $66mn profit
Ghana's state-owned Bui Power Authority (BPA) posted a net profit of $66.2mn on revenue of $145.9mn last year, but cash flow remains squeezed by unpaid bills from its main customer, the company's chief executive said.
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