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France’s Viridien, Norway’s Aker BP deepen seismic partnership
French geophysical services company Viridien has signed a strategic partnership agreement with Aker BP to expand cooperation on ocean bottom node seismic data acquisition, imaging and technology development on the Norwegian Continental Shelf.
Malaysia’s Petronas signs offshore oil recovery pact
Petronas has signed a memorandum of understanding with regional upstream operators and Universiti Teknologi Petronas to assess opportunities for improved and enhanced oil recovery across offshore acreage.
Mexico awards 37 renewable energy projects totalling 7.4 GW, surpassing tender target by 14%
Iraq’s Basra imposes rolling blackouts as gas shortages hit power generation
Iraq’s Basra has entered a scheduled electricity rationing system for the first time in years, with residents receiving four hours of power followed by two hours of outages, as falling generation capacity and rising summer demand.
Gas tank explosion in Mexico's Puebla sends fireball into sky, prompts evacuation of 2,000
Argentina's YPF to invest $175mn in infrastructure for landmark LNG project
Argentine national oil company YPF and the Government of Neuquén province have formalised a regulatory and fiscal framework governing development of the Argentina LNG project.
Iran restores 30 mcm of gas processing capacity lost in war, oil minister says
Iran has restored 30mn cubic metres (mcm) per day of gas processing capacity wiped out during the recent US-Israeli war, Oil Minister Mohsen Paknejad told a group of lawmakers.
US energy giants pursue Syria oil and gas investments at World Energy Forum
Syrian Energy Minister Mohammed Al Bashir met with US Energy Secretary Christopher Wright in Washington on June 8 to discuss expanding bilateral energy-sector cooperation and attracting American investment into Syria’s energy and infrastructure.
Latin America renewables reach 66% of power mix in January
Latin America and the Caribbean drew 66% of its electricity from renewable sources in January 2026, with a surge in hydroelectric generation offsetting sharp monthly declines in solar, wind and geothermal output, OLACDE said.
Ecobank Ghana mandated to raise $200mn for Sentuo refinery expansion
Ecobank Ghana has been mandated to arrange $200mn in financing for the expansion of the country’s first privately owned oil refinery, built by China’s Sentuo Group.
Bolivia signs off on €34mn KfW-backed 40 MW solar plant near La Paz
Bolivia's President Rodrigo Paz has signed into law the financing agreement for the construction of the Contorno Bajo I solar plant in Viacha.
Engie Chile raises $136mn in oversubscribed green bond issue
Engie Chile has completed a second local green bond placement, raising the equivalent of $136mn to refinance and fund renewable energy projects and battery storage systems, in a transaction that attracted nearly three times the amount on offer.
Iraqi crude records sharp losses as global oil prices decline
Iraqi crude grades posted steep losses on June 9 as global oil prices extended their decline amid concerns over demand, supply dynamics and the outlook for OPEC+ production policy.
Iraqi fuel oil convoy enters Syria for export via Mediterranean route
A convoy of more than 150 Iraqi fuel oil tankers crossed into Syria through the Rabia-Al Yarubiyah border crossing in northeastern Hasakah province, marking the largest shipment of its kind under a new transit arrangement between Baghdad and Damascus
Eni, Petronas kick off Asian upstream JV
Eni and Petronas have launched Searah, a $20bn gas-focused venture in Indonesia and Malaysia.
Angolan tax incentives surge to 1,517% over six years, 90% concentrated in non-oil sector
Angola’s fiscal incentives increased more than 16-fold between 2018 and 2024, reaching 2.98 trillion kwanzas ($3.3bn), as the crude producer expanded its use of tax exemptions to support investment and economic activity.
New Zealand shortlists providers for planned LNG terminal
Energy Minister Simeon Brown said on June 9 that the government planned to move the two bidders to a request-for-proposal stage and select a preferred provider later this year.
Shell to work with Kazakhstan on analysing hydrocarbon data
Shell has signed a memorandum of cooperation with Kazakhstan’s energy ministry and the country’s national geological service on improving the analysis, processing, and use of hydrocarbon data.
SOCAR: What needs to happen to ship more gas to Europe
Azerbaijan is willing to supply more natural gas to Europe, but any further expansion of the Southern Gas Corridor will require long-term buyer commitments, financing and greater regulatory predictability.
Azerbaijan's big gas push
Azerbaijan used Baku Energy Week to push new gas exports, upstream investment, and a larger US role in its energy sector.
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