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Argentina's YPF to acquire remaining stake in power generator YPF Luz for $430mn

Argentina's state-controlled oil company YPF has agreed to pay $430mn for the remaining 24.99% stake in electricity generator YPF Luz held by BNR Power Investments, an investment vehicle linked to GE Vernova, giving it full ownership of the company.

UAE renewable energy capacity spikes by over 63-fold in past decade

The United Arab Emirates expanded its installed renewable energy capacity by more than 63-fold over the past decade, Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei announced.

Rosenxt's Zupt teams up with Mitang to offer subsea services in Brazil

Houston-based subsea services provider Zupt, part of Swiss technology group Rosenxt Group, has signed a framework agreement with Brazil's Mitang Brasil - Soluções Submarinas to jointly offer its services.

Argentina's Neuquén achieves record employment as oil and gas boom drives job creation

The manufacturing sector in Argentina’s Neuquén province has reached its highest employment level in nearly three decades, propelled by oil and gas exploration in the Vaca Muerta shale formation.

ReconAfrica begins horizontal drilling at Namibia’s KW1X well ahead of year-end flow tests

Canadian oil and gas explorer Reconnaissance Energy Africa (TSXV: RECO, OTCQX: RECAF, Frankfurt: 0XD, NSX: REC) has begun horizontal sidetrack drilling at its Kavango West 1X (KW1X) discovery well in northeastern Namibia.

Suriname's GDP projected to surpass Guyana's in 2028 amid oil and gas boom

Suriname’s economic growth rate is projected by the World Bank to surpass that of neighbouring Guyana by 2028, with the country’s oil and gas sector expected to drive the boom.

Ghana signs $28bn deal with UAE-led group for Jomoro refinery and petrochemicals hub

Financing has yet to be secured for a 300,000bpsd refinery at Jomoro that UAE-based Global Sphere has agreed to develop under a $28bn deal with Ghana’s PHDC.

Azerbaijan adds 5,400 MW of generation since 2003 as renewables reach 20% of power output

Azerbaijan oil fund's ACG income rises 6% to $3.9bn, Shah Deniz falls 19%

Azerbaijan's State Oil Fund (SOFAZ) earned AZN6.57bn ($3.87bn) from the Azeri-Chirag-Gunashli (ACG) oilfield block in the first nine months of 2026, up 6.3% y/y.

Iran pursues 150 individuals in oil intermediary cases, judiciary says

Iran’s judiciary is pursuing 150 individuals and 25 legal entities in cases involving intermediaries, used to sell oil and circumvent sanctions, judiciary spokesman Ali Kazemi said.

Iran’s Hormuz authority lists 122 vessels as ‘non-compliant’

Iran’s Persian Gulf Strait Authority (PGSA) has put 122 vessels on its ‘non-compliant’ list in the Strait of Hormuz and said it has taken action against more than 40.

Iran says two more tankers hit by sea mines in Strait of Hormuz

Two more oil tankers were set ablaze after hitting sea mines in the Strait of Hormuz, Iran’s Revolutionary Guards said, bringing the number of vessels reported hit since October 16 to seven.

Ghana handles 40% of Burkina Faso fuel amid Sahel supply squeeze

Ghana’s growing role as a fuel gateway to the Sahel is running up against a constraint closer to home: its own need to secure petroleum supplies.

European gas tops €90 for first time since 2022, then slides

European gas prices broke through €90 a megawatt-hour for the first time in almost four years on October 20, before traders took profits and pushed them sharply lower.

Poland's LOT suspends four routes as jet fuel costs soar

Poland's flag carrier LOT is suspending four European routes over the winter, blaming jet fuel prices that have pushed fuel to as much as 40% of airline costs.

Laos approves three small solar plants in Bolikhamxay

Authorities in Laos's Bolikhamxay province signed investment agreements on October 15 for three solar power plants, each with a capacity of up to five megawatts (MW).

Fifteen years after Fukushima, Asia is learning to love the atom again

Bangladesh has a reactor running, Southeast Asia is shopping for small modular designs and Taiwan's anti-nuclear ruling party is preparing to switch one back on. The fear that followed March 2011 has given way to a scramble for home-grown power.

Hong Kong hits latest high-temperature milestone on record

Hong Kong put a Very Hot Weather Warning in force with urban temperatures near 33C, the latest point in any year the alert has been raised.

Pakistan reviews gas market reform as debt mounts

Pakistan's government has reviewed plans to restructure and deregulate its gas sector after circular debt in the industry rose above PKR3.6 trillion ($12.9bn).

Pakistan to import 18 LNG cargoes for winter gas gap

Pakistan will import 18 cargoes of liquefied natural gas (LNG) between November and February to cover winter demand.

Philippines targets 1.2 GW of nuclear capacity by 2032

The Philippines wants 1.2 GW of nuclear generating capacity in place by 2032, Energy Secretary Sharon Garin told an industry gathering in Manila.

India's Buyofuel, Honda Trading sign biofuel supply deal

Indian biofuel marketplace Buyofuel has signed a memorandum of understanding and a long-term commercial agreement with Honda Trading Corporation India (HTID) to build supply chains for biofuels and their feedstock.

Rubio presses India to buy more US, Venezuelan oil

US Secretary of State Marco Rubio has urged India to increase its purchases of crude oil from the United States and Venezuela, seeking to strengthen energy ties with New Delhi amid strained bilateral relations.

Taiwan's Tsing Hua University to study US microreactor

National Tsing Hua University (NTHU) in Taiwan has agreed to study whether a factory-built microreactor from US company NuCube Energy could be installed on its Hsinchu campus.

Petronas eyes deeper LNG and energy ties with Vietnam

Malaysia's Petronas has proposed expanding long-term LNG supply deals with Vietnam and working with Vietnamese partners to build LNG infrastructure and develop wind power, hydrogen and carbon capture and storage (CCS).