Latest Stories
Brazil’s Petrobras, Mexico’s Pemex sign deal with eyes on Gulf of Mexico pre-salt frontier
Brazil's state-owned oil company Petrobras and its Mexican peer Pemex signed a memorandum of understanding (MoU) on Tuesday for strategic and technical cooperation across exploration, production, petrochemicals and fertilisers, among others.
Italian Duferco to sign solar energy deal with Tunisian partner for renewable energy projects
Italian energy group Duferco is set to sign a strategic protocol of agreement with a major Tunisian group to develop solar photovoltaic energy projects
Hormuz crisis inflicts $37bn blow to Iraq’s economy
Iraq’s economy has come under significant pressure following the recent regional conflict and the temporary closure of the Strait of Hormuz, exposing deep structural vulnerabilities linked to its heavy reliance on oil revenues.
Uzbekistan suspends 464 fuel stations after audit finds 46,000 safety violations
Uzbekistan has temporarily suspended operations at 464 petrol and gas filling stations following a nationwide safety audit that uncovered more than 46,000 violations across the country's fuel distribution network.
Record renewables generation saves Turkey $746mn in electricity subsidies
Record renewable electricity generation in Turkey drove wholesale power prices to all-time lows in the first five months of 2026, cutting government electricity subsidy costs by $746mn versus the same period last year, energy think tank Ember says.
Algeria and Saudi Madar Energy accelerate Illizi South oil partnership
Algeria and Saudi firm Madar Energy North Africa are accelerating the implementation of the $5.4bn Illizi South hydrocarbons project, with both sides reviewing preparations for the contract's entry into force, covering technical and regulatory aspect
Brazil distributed solar tops 4.3mn systems
Brazil had 4.321mn distributed solar generation systems connected to the national grid by April 2026, according to a survey by Solfácil using data from the National Electric Energy Agency (Aneel).
Vietnam confronts energy security challenges amid growth
Vietnam is facing growing strain on its electricity system as rising demand, uncertain fuel supplies and climate-related pressures challenge efforts to maintain energy security.
Russia considers imports as solution to fuel crisis
Libya's NOC launches reverse-flow gas operation to power Ruwais Power Station
Libya's state-run utility National Oil Corporation (NOC) said that engineers at the country’s Mellitah Oil and Gas Field have successfully implemented an innovative reverse-flow operation to supply natural gas from the Mellitah industrial complex.
After poultry raid failure, Turkey moves against fuel and LPG industry, seizes six companies
27 businessmen detained in coordinated raids spanning nine provinces.
Bulgaria’s ADEX Energy expands into Romania
Iran, Oman agree joint committee on Strait of Hormuz shipping
Iran and Oman have agreed to form a joint foreign-ministry committee on the future management of shipping through the Strait of Hormuz, a joint statement says, while reaffirming safe passage and their sovereignty over the waterway.
Argentina posts record energy trade surplus in May on oil export surge
Argentina recorded a new monthly record in its energy trade balance in May, posting a surplus of $1.39bn driven by a sharp increase in crude exports and a steep decline in fuel imports.
Guyana's oil and gas future to be sealed as Venezuela ICJ case enters final phase
The International Court of Justice is poised to enter final oral hearings in the Guyana-Venezuela border dispute following completion of written pleadings, a milestone that could determine the trajectory of Guyana's oil and gas sector future.
Shell unit Daystar Power expands Nestlé solar capacity to 7MW across West Africa
Daystar Power has expanded its partnership with Nestlé to nearly 7MW of installed solar capacity across four manufacturing facilities in Côte d'Ivoire, Ghana and Senegal
Argentina's Río Negro expands rural solar programme with 2,500 new household systems
Argentina’s province of Río Negro is preparing to install 2,500 new residential solar systems in isolated rural communities as part of a programme aimed at expanding access to electricity in areas where grid connections remain problematic.
Ecuador mayor linked to $5mn ghost contract at Petroecuador refinery, prosecutors allege
Ecuador's attorney general's office has alleged that Esmeraldas mayor Vicko Villacís Tenorio benefited from a phantom contract worth over $5.3mn paid by state oil company Petroecuador to a consortium linked to his family.
Petroecuador sells 2.88mn barrels to China for $313mn in July-August deliveries
Petroecuador has awarded two international crude oil sales totalling 2.88mn barrels, generating estimated state revenue of over $313mn, with deliveries scheduled between July and August.
Steel pipes arrive for VMOS offshore pipeline as Argentina advances Vaca Muerta export infrastructure
Argentina’s Vaca Muerta Oil Sur (VMOS) project reached a new construction milestone this week as 721 steel pipes destined for its offshore pipeline system arrived and began being stored at the Port of San Antonio Este in Río Negro province.
Liberia urges caution over Grand Bassa oil reports as tests find no reserves
Liberia's Parliament has called for further scientific investigations into reports of a possible oil discovery in Grand Bassa County after tests failed to confirm commercially recoverable crude.
UAE’s $30bn climate fund enters Latin America via Peru’s Inkia Energy
UAE’s $30bn climate fund Altérra makes its Latin American debut, backing Peru’s $3.4bn energy platform Inkia to scale 4GW of renewables amid tightening Andean power margins.
Follow us online