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Timor-Leste extends Chuditch gas licence as Sunda faces loss of operatorship
Timor-Leste has granted UK-based Sunda Energy a 12-month extension to its Chuditch gas exploration licence.
Lion Energy targets November spud for Indonesian oil exploration well
Australia's Lion Energy has begun transporting a drilling rig to Indonesia's Seram Island ahead of a planned November exploration campaign targeting an estimated 12mn barrels of oil.
Australia's Woodside revenue jumps 27% on stronger LNG prices despite lower production
Australia's Woodside Energy reported a 27% year-on-year increase in third-quarter operating revenue to $4.28bn, benefiting from sharply higher LNG prices despite a decline in overall production.
Asian refiners turn to smaller tankers as crude shipping costs soar
Asian oil refiners are increasingly turning to smaller tankers, long-term charter agreements and delivered crude purchases to contain costs as freight rates hover near record highs following disruptions to shipping through the Strait of Hormuz.
Hungary weighs dropping Rosatom from €12.5bn Paks nuclear expansion
Hungary is considering replacing Russia's Rosatom as the main contractor on the expansion of the Paks nuclear power plant and has started sounding out other suppliers.
South Africa announces $610mn fuel levy relief as oil prices squeeze households
South Africa announces $610mn in temporary petrol and diesel levy reductions from November 4 as rising oil prices fuel inflation and pressure households.
Tensions escalate as Hamburg tribunal set dates for UK-Argentina Falklands oil dispute
Tensions are rising in Argentina's attempt to stop development of the Sea Lion oilfield off the Falkland Islands.
Clean energy capacity in Iran tops 6,100 MW
Iran’s installed renewable power capacity has hit 6,151 megawatts as the country speeds up green energy projects, the Energy Ministry said.
Iraq's Basrah Medium crude rises to $73.35 per barrel
Prices for Iraq's Basrah crude grades rose on October 21, tracking gains in international oil markets as traders monitored supply risks and geopolitical developments in the Middle East.
Egypt and TotalEnergies advance Cyprus Cronos gas connection project
Egyptian Petroleum and Mineral Resources Minister Karim Badawi held talks with TotalEnergies (LSE:TTE) executives on October 21 to accelerate the connection of Cyprus’s offshore Cronos gas field to Egyptian infrastructure
Aamal Energy wins Qatari procurement services contract
Aamal Company subsidiary Aamal Energy has secured a five-year procurement services agreement valued in excess of QAR 100mn ($27.42mn).
Niger gives China's CNPC until late November to repatriate $5bn in oil export revenues
Niger’s military government on October 13 said it had given China National Petroleum Corporation (CNPC) and its partners 45 days to comply with contractual obligations.
Nigeria’s Dangote confirms $327mn purchase of 24.76% stake in Kenya Pipeline Company
Aliko Dangote's 24.76% stake in KPC gives his group a substantial holding in Kenya's petroleum transport infrastructure as it pursues separate investments in regional refining.
EBRD-led lenders secure $566mn for Egypt’s Minya solar project
Argentina’s Neuquén province requires Vaca Muerta producers to report methane emissions
Argentina’s Neuquén province has introduced mandatory greenhouse gas emissions reporting for oil and gas companies operating in the Vaca Muerta shale formation, aiming to reduce methane emissions intensity by 16% over the next 20 years.
Milei hails Argentina's 'underground revolution' as oil output nears 1mn bpd
President Javier Milei said that Argentina was undergoing an “underground revolution” driven by expanding oil production and energy exports, as he defended his economic reforms at the opening of the Argentina Oil & Gas Patagonia 2026 expo.
Argentina's YPF expropriation case awaits US Supreme Court review after first-instance closure
A US federal judge has formally vacated a $16.1bn judgment against Argentina over the 2012 expropriation of oil company YPF and closed proceedings at first instance, leaving litigation funder Burford Capital awaiting a decision.
Nigeria urges 22 oil licence holders to begin production within 18 months
Nigeria's upstream regulator is pressing 22 petroleum licence holders to accelerate development, targeting first oil within 18 months and combined production of at least 250,000 bpd within five years.
Brazil’s Petrobras P-82 platform sets sail for Búzios field
Petrobras said its P-82 floating platform had left a shipyard in Singapore for the Búzios field in the Santos Basin's pre-salt layer, where it is expected to start production next year.
Guyana's new Uaru Gold crude matches Liza's high quality, assay shows
Guyana's newest export crude, Uaru Gold, will be a medium-sweet oil with a quality profile very close to the country's original Liza blend when it reaches buyers in December.
Namibia’s disputed petroleum bill passes second reading amid concerns over presidential powers
Namibia’s National Assembly has approved the second reading of a controversial petroleum amendment bill that would transfer key regulatory powers from the energy ministry to the presidency.
Eni seeks EPC contractors for proposed $130mn Mozambique power plant
Italian energy group Eni (BIT: ENI; NYSE: E) has invited expressions of interest from contractors for a proposed 75-MW gas-fired power plant in southern Mozambique, advancing a project estimated to cost $130mn that was announced in October 2025.
South Africa's Sasol coal output hits six-year high as Natref production falls 30% q/q
South African energy and chemicals group Sasol (JSE: SOL; NYSE: SSL) reported its highest quarterly coal production in six years during the three months to September 30
Ghana reviews petroleum regulations as declining oil output squeezes local contractors
Ghana plans to overhaul petroleum regulations and expand financing for domestic oilfield contractors as falling crude production threatens businesses built around the West African nation’s offshore industry.
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