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Sonatrach signs methane reduction agreement with Germany's VNG and Norway's ICA Finance
UAE mulls third pipeline amid export uncertainty
The United Arab Emirates (UAE) has announced that it will be constructing yet another crude export pipeline to bypass the blocked Strait of Hormuz, ramping up efforts to increase crude capacity and avoid additional fallout from the US war with Iran.
Petrobras P-78 vessel hits full output at Brazil's Búzios field
State-controlled Petrobras (NYSE: PBR, B3: PETR4) said the P-78 vessel at Brazil's offshore Búzios field reached its full output of 180,000 barrels per day (b/d) on October 31, after the BUZ 100 well came onstream.
Spain's Moeve agrees to sell stakes in three Algerian oilfields to Indonesian Pertamina
Morocco strengthens circular economy ties with Italy
Ghana agrees $66mn Cenpower debt waiver in exchange for 10-year power contract extension
The write-off's effective date and the deal's long-term financial implications remain unclear
Fitch affirms Brazil's Petrobras at BB, lifts standalone profile
Fitch Ratings affirmed Petróleo Brasileiro (NYSE: PBR, B3: PETR4) at BB and raised the Brazilian oil company's standalone credit profile to bbb+ from bbb, the agency announced on November 3.
Africa’s richest man launches new fuel storage project in Namibia
Dangote Group is set to launch a fuel storage project in Namibia’s main port of Walvis Bay, with the ceremony having taken place on November 4, attended by the country’s President, Netumbo Nandi-Ndaitwah.
Kenyan PPP panel throws out bid to disclose state commitments to $16bn Dangote refinery
A Kenyan PPP committee has dismissed Cofek’s petition seeking disclosure of government commitments to Aliko Dangote’s planned $16bn Lamu refinery, ruling it lacked jurisdiction.
Iraq's Basrah Heavy crude falls 14.83% to $53.07 per barrel
Iraq's Basrah crude prices fell sharply on November 5, with both major export grades dropping below $60 per barrel despite gains in international oil benchmarks.
Energy Transfer takes FID on $1.6bn South Mississippi pipeline
Energy Transfer has taken a final investment decision on the South Mississippi natural gas pipeline project.
Eni starts drilling up to six wells for Mozambique’s $7.2bn Coral North FLNG project
Italian energy group Eni has begun drilling up to six production wells for Mozambique's $7.2bn Coral North floating liquefied natural gas (FLNG) project, marking a new development milestone ahead of the facility's planned start-up in 2028.
Trump's Russian diesel deal unravels as tankers turn away from US
Two of three tankers carrying Russian diesel to the US under Donald Trump's deal with Vladimir Putin have turned away with no buyers, the Financial Times reported on November 5.
Iran sets gas storage record, but Shourijeh stocks rise just 2.5%
Iran’s gas stocks at the Shourijeh underground storage facility hit a record high ahead of winter, but the increase from a year earlier was just 50mn cubic metres, or 2.45%.
Iran sets regional energy trade targets, including 40 bcm in annual gas exports
Iran has approved a roadmap to expand energy trade with neighbouring countries, including a target of exporting 40bn cubic metres (bcm) of gas yearly by 2029, acting Oil Minister Hamid Bovard said.
Brazil's COP30 presidency releases deforestation and fossil fuel plans
Brazil's COP30 presidency has published roadmaps to guide countries towards ending deforestation and moving away from fossil fuels.
Moldova seeks up to 50mn cubic metres of lower-priced Ukrainian gas
Moldova is considering buying between 10mn and 50mn cubic metres of natural gas from Ukraine, with state-owned supplier Energocom holding commercial negotiations with Ukrainian producers to secure prices below market levels.
Cameroon’s diesel price support reaches XAF440 per litre as import costs rise 50.6% since July
Cameroon’s state-support component for diesel reached XAF439.83 ($0.75) per litre in November, up from XAF430.30 in October, as the government maintained regulated pump prices despite a 50.6% increase in calculated import costs since July.
Iranian refinery beats gas supply target by 11%
Ilam Gas Refining Co. in western Iran supplied 11% more natural gas to the national trunkline than its six-month target, its chief executive said.
Argentina’s US financing lifeline survives midterm shock, says EXIM chief
The US Export-Import Bank (EXIM) will maintain its financial cooperation with Argentina and continue working on agreements that could mobilise up to $7bn in funding through 2027, despite the Republicans' defeat at the November 3 midterms.
Nigeria and UK seek investors for three hydropower projects as financing hurdles persist
The UK and Nigerian governments are seeking private investment in three small hydropower projects in Oyo, Kano and Plateau states under a UK-backed programme aimed at moving the schemes towards financing and expanding electricity access.
Namibian aquifer group challenges Rosatom groundwater drilling approval as uranium pilot mining remains unauthorised
Stampriet Aquifer Uranium Mining Association (SAUMA) of Namibia has demanded a suspension of newly authorised groundwater research drilling at Russian state-owned Rosatom's Wings uranium project near Leonardville.
Nigeria's Ogun State cites investor interest in $17bn port and LNG proposals
Ogun State Governor Dapo Abiodun said proposed port, special economic zone and liquefied natural gas projects with stated values totalling about $17bn were drawing interest from domestic and international investors
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