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Ovintiv to acquire Logan Energy in Montney move
Ovintiv has struck a deal to acquire all of the outstanding shares of Canada’s Logan Energy.
Bolivia opens door to private gas imports as output more than halves in a decade
Bolivia has authorised public and private companies to import natural gas and liquefied natural gas, a policy reversal for a country that once supplied its neighbours and now needs foreign fuel to keep its industry and power plants running.
Nigerian feedstock supply is improving, NUPRC says
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed this week that the country’s domestic refineries had received more than 127mn barrels of Nigerian crude oil.
African Energy Week to expand to two Cape Town venues in 2027
African Energy Week (AEW) will return to Cape Town on October 4–8, 2027, using both Cape Town International Convention Centre (CTICC) venues to accommodate more exhibitors, investors and industry discussions.
YPF to submit three RIGI projects worth $44bn in Argentina’s Vaca Muerta
Argentina’s state-controlled oil company YPF plans to apply for incentives under the country’s Large Investment Incentive Regime (RIGI) for three projects worth a combined $44bn in the coming weeks.
Central Asia could unlock $120mn in annual savings through electricity market integration, EDB says
Central Asia could generate up to $120mn in net annual economic benefits by better coordinating existing electricity networks and power plants, without major new construction, the Eurasian Development Bank said.
Nigeria’s war on oil theft continues
The Nigerian Navy has discovered three reservoirs allegedly containing around 25,000 litres of stolen crude oil in Delta State, with the Director of Naval Information noting that it had been found during operation Delta Sentinel.
Russia's weekly seaborne crude export value hits wartime high of $2.76bn
Russia's seaborne crude exports were worth $2.76bn in the week to October 25, the most in a single week since the 2022 invasion of Ukraine.
Philippines sets gas auction price cap above PHP10 per kWh
The Philippines' Energy Regulatory Commission (ERC) expects the price ceiling for an upcoming auction of gas-fired power capacity to come in above PHP10 (about $0.17) per kilowatt-hour (kWh).
South Korea's battery makers show early signs of recovery
Electric vehicle projects that had been paused are now resuming, and that is beginning to lift South Korea's battery sector, said Korea Battery Industry Association chairman Eom Ki-cheon.
EU gas price breaks €100 per MWh for first time since 2022
European gas prices broke through €100 per MWh on October 28 for the first time in almost four years as fears of a winter shortage of Middle Eastern LNG deepened.
India’s BPCL plans additional $1.8bn investment in Mozambique LNG project
State-owned refiner targets up to $4.6bn total investment as construction advances and first LNG exports remain scheduled for 2029
TotalEnergies enters 26 Chevron-operated offshore leases in US Gulf
France’s TotalEnergies has acquired a 25% working interest in 26 offshore exploration leases in the US Gulf of Mexico that are operated by Chevron.
Syria explores gas project financing with ConocoPhillips and Novaterra
Syrian Finance Minister Mohammed Yisr Barnieh met on October 29 with representatives of US energy company ConocoPhillips and Novaterra Energy chairman Ayman Asfari to discuss investment financing and natural gas development.
EQT to buy Range, creating US shale gas giant
EQT is buying Range Resources in an all-stock deal valued at around $13bn.
Zimbabwe's Invictus completes Musuma-1 rig move ahead of November drilling
Australian explorer Invictus Energy targets 1.2 trillion cubic feet of prospective gas resources as final rig preparations continue in Cabora Bassa Basin
Iraq and Syria discuss oil export pipeline with potential 2mn bpd capacity
Iraq and Syria discussed plans to export Iraqi crude through a pipeline to Syria's Mediterranean port of Baniyas, with potential capacity of up to 2mn barrels per day (bpd), during high-level talks in Damascus.
Lotus uranium output down 35% at Malawi mine after processing shutdown, quarterly costs rise 76%
Australian uranium producer Lotus Resources (ASX: LOT, OTCQX: LTSRF) reported a 34.7% decline in quarterly uranium output at its Kayelekera mine in Malawi, while operating costs rose 75.6%.
Angola spends $1.08bn importing 74% of its liquid fuels in Q3 as foreign supplies dominate
Imported products account for 74% of liquid-fuel purchases despite efforts to expand domestic refining capacity
Tanzania grants state-owned TPDC four new oil and gas exploration licences
National petroleum company expands upstream exploration role a day after Mnazi Bay gas find, as separate Songo Songo field handover approaches
Kenya LNG power project cost estimates diverge as Treasury cites $300mn
Floating gas plant put at a fraction of the $2.9bn estimate for the 1,200MW Mombasa project, as questions remain over costs, design and financing
African Energy Week reports $17bn in commitments as energy projects seek financing
African Energy Week (AEW) 2026 concluded in Cape Town with more than $17bn in reported investment commitments, new licensing opportunities and a series of corporate agreements aimed at advancing oil, gas and power projects across the continent.
Europa Oil & Gas extends Equatorial Guinea farm-out deadline to November 30
Chinese regulatory approval delays 40% EG-08 stake transfer as company targets Barracuda drilling in first half of 2027
OMV Petrom and Renovatio launch three solar parks with 130 MW capacity in Romania
OMV Petrom (BVB: SNP) and renewable energy developer Renovatio have commissioned three photovoltaic parks in Romania with a combined gross installed capacity of approximately 130 MW, with the facilities now supplying electricity to the national grid.
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