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YPF brings in Eni and XRG for Vaca Muerta LNG export venture
Argentine state oil firm YPF has signed agreements with Italy’s Eni and Abu Dhabi-based XRG to join the upstream development of Argentina LNG, a $20bn liquefied natural gas export project linked to Vaca Muerta.
EDF secures major solar, storage and digital energy projects in Oman
France’s EDF Power Solutions has strengthened its footprint in Oman’s clean energy sector through a series of landmark agreements signed in Paris during the official visit of Sultan Haitham bin Tarik to France on June 29.
Iraq's SOMO offers steep discounts on Basra crude as Hormuz tensions persist
Iraq's State Organisation for Marketing of Oil (SOMO) has offered steep discounts on official selling prices for Basra Medium and Basra Heavy crude to contracted buyers, as concerns over shipping through the Strait of Hormuz weigh on demand for July
Polish energy firm targets up to €3bn for Ukraine as World Bank outlines $26bn investment roadmap
Polish energy group ELQ plans to invest between €2.5bn and €3bn in Ukraine's energy sector, joining a broader international push to rebuild the country's electricity system as the World Bank identified nearly $26bn in priority energy investments.
Iraq's Artawi gas project targets 300mn cubic feet daily in its first phase
Iraq's Ministry of Oil has reaffirmed the strategic importance of the Artawi gas field project as part of its plans to increase associated gas utilisation, enhance energy security and reduce emissions.
Angola moves closer to commercial biofuels production with new feedstock study
Angola has identified four promising biofuel feedstocks as it advances plans to diversify its economy and launch commercial biofuels production by 2030.
Brazil's antitrust watchdog clears Subsea7-Saipem merger without conditions
The general superintendence of Brazil's antitrust regulator CADE has approved the proposed merger between energy contractors Subsea7 and Saipem without restrictions.
Brazil's ANP publishes qualified bidder list for October oil and gas auctions
Brazil's oil and gas regulator ANP released the list of companies qualified to participate in the next cycles of the Permanent Sharing Offer and the Permanent Concession Offer, both scheduled for October 7.
Brazil’s Petrobras overtakes MercadoLibre as Latin America's most valuable Wall Street company
Petrobras has overtaken e-commerce major MercadoLibre as the most valuable Latin American company listed on Wall Street as commodity prices rose sharply, driving a broad rotation of capital towards cash-generative, dividend-paying companies.
Brazil's Petrobras Búzios field hits record 1.1mn barrels per day output
Petrobras said its flagship Búzios field in the Santos Basin pre-salt province has reached a record average daily output of 1.1mn barrels of oil, surpassing the previous milestone of 1mn barrels per day set in October 2025.
Brazil’s Braskem bets on polymers price recovery, agrees $3.7bn debt overhaul
Braskem is pressing ahead with plans to ramp up production and lift plant efficiency to 85% by December, while simultaneously banking on a multi-year price recovery to underpin a $3.7bn debt restructuring agreed.
Brazil faces trade-off between fossil fuel phaseout and tax revenue, says Petrobras CEO
The CEO at Brazil's state-owned oil company Petrobras said the country must choose between moving away from fossil fuels and preserving the tax revenue the sector generates, in remarks that highlight tensions in Brazil's climate policy.
Energy consultancy ABL opens new Bahia office to expand Brazil asset integrity services
UK energy and marine consultancy ABL has opened a new office in Salvador, Brazil’s state of Bahia, expanding its footprint in the country as it targets growing demand from the oil and gas, maritime, and industrial sectors.
TGS and SLB launch 13,500 sq km seismic survey in Brazil's Pelotas Basin
Norwegian energy data company TGS and oilfield services group SLB have launched a multi-client 3D seismic survey covering approximately 13,500 square kilometres in the Pelotas Basin offshore southern Brazil.
Mozambique, Tanzania regulators sign oil and gas cooperation pact
Mozambique and Tanzania have signed a petroleum cooperation agreement to strengthen regulation, technical capacity and oversight of the gas-rich Rovuma Basin.
France's GreenYellow expands Colombia industrial solar footprint with new Meta project
GreenYellow Colombia has commissioned a 1.45MWp self-generation solar park for Cerámica Industrial del Meta (CIMET) in Acacías, Meta department, a project expected to generate about 2.2GWh of electricity annually and supply around 30%
Colombia gas reserves shrink as offshore prospects offer supply hope
Colombia's proven natural gas reserves fell 16.8% in 2025 to 1,717bn cubic feet (48.62bn cubic metres), reducing the country's reserve life to 5.9 years at current production rates, while oil reserves slipped 0.7% to 2.02bn barrels
Mexico’s nearshoring boom hits an American gas bottleneck
Mexico's manufacturing boom relies on US shale. How private player ESENTIA is locking down the industrial corridor's energy supply.
Bannerman Energy says Namibian uranium project early works remain on schedule
Bannerman Energy has said construction early works at its Etango Uranium Project in Namibia remain on schedule and within budget.
Guyana defies the global exploration drought
Guyana defies the global exploration collapse. As high-impact drilling hits a historic low, the maturing Guyana-Suriname basin shifts from frontier wildcatting to surgical extraction, with Exxon’s Stabroek block pumping 900,000bpd.
Eco Atlantic secures Namibia approval for PEL 98 farm-out as offshore portfolio advances
Eco Atlantic has received final ministerial approval to farm out its 85% stake in Namibia's offshore PEL 98 to Lamda Energy, a key regulatory milestone as the explorer advances projects across Namibia, South Africa, Guyana and the Falkland Islands.
AES bets on panels because El Salvador's grid has no other option
AES and ECORAY launched the $60mn Santa Ana IV solar plant to protect El Salvador's vulnerable grid from El Niño blackouts. With 186MW under management, AES now controls a quarter of national solar output as wires become the new bottleneck.
Iranian crude option re-emerges for Pakistan
Industry executives say refineries in the country remain technically capable of processing Iranian crude. However, commercial and operational hurdles to this being a profitable undertaking continue to limit its attractiveness.
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