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India set to receive 13.6mn barrels of Venezuelan oil in October
India is poised to receive 13.6mn barrels of Venezuelan crude in October, including cargoes still at sea, signalling a recovery in a trade that contracted sharply in recent years, according to a statement from S&P Global Energy
TechnipFMC, BP sign 20K subsea equipment deal for US Gulf projects
TechnipFMC (NYSE: FTI) has signed a memorandum of understanding with BP Exploration & Production Inc., a unit of BP p.l.c.
Nigeria’s $1.6bn Dangote refinery IPO could expand active investor base three- to fivefold, exchange chief says
Refinery chief executive David Bird has said the company aims to attract 10mn retail subscribers, including investors outside Nigeria.
Venezuela’s terms of trade seen improving 23% in 2026, ECLAC says
The outlook reflects higher international prices for hydrocarbons and other raw materials, which are expected to increase Venezuela’s purchasing power in foreign markets and lift income generated through international trade
Kalypso, Offshore Data Center partner to monetise offshore gas for AI infrastructure
Kalypso Offshore Energy and Offshore Data Center plan to place AI computing facilities beside offshore natural gas resources, including on ageing platforms marked for removal, the two US companies announced on October 19.
Halliburton profit slips to $417mn amid US industry disruption
Halliburton (NYSE: HAL) reported net income attributable to the company of $417mn, or $0.50 per diluted share, for the third quarter of 2026, down from $534mn, or $0.64, in the second quarter, the US oilfield services company...
Iraq's Artawi gas project approaches production phase
Iraq's accelerated gas development project at the Artawi oilfield in Basra is 96% complete and preparing to enter production.
Saturn to acquire Corex as Canada’s M&A wave continues
Canada’s Saturn Oil & Gas announced this week that it had agreed to acquire privately held Corex Resources.
Nigeria’s Sterling Bank joins $4.1bn Renaissance oil contractor financing scheme
Nigeria's Sterling Bank has outlined its role in Renaissance Africa Energy Company's renewed vendor financing scheme, which has a subscribed portfolio of $4.1bn and NGN435bn ($327mn).
Malawi’s EGENCO targets restoration of 31MW hydropower capacity by mid-November after delays
Malawi's state-owned Electricity Generation Company (EGENCO) expects to restore approximately 31 MW of hydropower capacity by mid-November, comprising a 20-MW generating unit at Nkula B and 11.1 MW of lost output at Nkula A.
GeoPark triples Vaca Muerta acreage with $95mn block award in Argentina
Colombian exploration company GeoPark has been awarded the Corralera Noreste block in Argentina’s Neuquén Basin, tripling its acreage in the Vaca Muerta shale formation through a deal involving approximately $95mn in total committed costs.
Nigeria's NBTI outlines $600mn in proposed solar and small-business energy financing
NBTI, a federal technology-incubation agency, said it is pursuing more than $600mn in proposed investment and development-finance opportunities centred on university solar projects and a nationwide small-business energy programme.
Nigerian petrol prices remain high despite fuel discount
Nigerians living in the country’s Southeast are struggling with high petrol prices and transport fares despite the federal government having introduced a 30-day fuel discount
Dragon Oil intends to extend PSA with Turkmenistan to beyond 2035
The UAE's Dragon Oil (LON: DGO) will reportedly seek to agree an extension to beyond 2035 of its partnership-based work in Turkmenistan with the country's government and state concern Turkmennebit.
Chevron confirms start of process to explore sale of older Gulf assets
Supermajor Chevron confirmed to media this week that it was exploring a potential sale of some of its older assets in the US Gulf of Mexico.
Iraq signs ExxonMobil MoU for 2.5mn bpd seawater project
Iraq's state-owned Basra Oil Company has signed a memorandum of understanding (MoU) with US energy company ExxonMobil for the second phase of a seawater supply project designed to support oil production.
Israel mulls $322mn investment in global nuclear fusion sector
Israel’s Ministry of Energy is exploring an investment of up to ILS 1bn ($322mn) over five to seven years to integrate the country into the global nuclear fusion sector.
Strong El Niño threatens Latin America's hydro-dependent grids, IEA warns
The 2026-2027 El Niño is expected to be among the strongest since 1950, putting power supplies at risk across hydro-dependent Latin America, the IEA said.
Albertans reject proposal for separation from Canada in referendum
A majority of Albertans voted to remain part of Canada in this week’s referendum, rejecting a proposal to hold a legally binding vote on separation.
Beware the bear as Moscow woos Asia with oil and atoms
Asia provides Russia with opportunities to remain economically engaged even if the terms increasingly depend on what Asian partners themselves require.
Mozambique awards Dubai’s Jampur 20-year concession to revive idle solar-panel factory
Mozambique has transferred management of its state-owned solar-panel factory in Beluluane to Dubai-based Jampur Group under a 20-year concession, seeking to revive production at a facility that has been idle for approximately four years.
Senegal seeks investors to advance Yakaar-Teranga gas development
Senegal’s state-owned oil company Petrosen is seeking investment partners for the Yakaar-Teranga offshore gas project, targeting a final investment decision (FID) by the end of 2027.
Windhoek to restart tender for Namibia's 25-MW solar project
Namibia's capital, Windhoek, plans to cancel and restart procurement for a 25-MW solar power plant, abandoning an advanced tender process for a project previously estimated at NAD420mn ($25.6mn) and leaving its construction timetable uncertain.
Polish power firm Orlen’s storage project in Norway receives €223mn of EU funding
Atlas, a joint initiative of Orlen Upstream Norway, Aker BP and Höegh Evi, has been awarded €223mn in EU funds to support the development of a CO2 transport and storage network on the Norwegian Continental Shelf.
Nigeria’s Dangote outlines African fuel distribution network under $50bn investment plan
Dangote is taking his Lagos refinery’s fuel inland: a $660mn Djibouti-Ethiopia pipeline, a Walvis Bay terminal and a 2,650km Southern Africa network budgeted at more than $3.5bn.
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