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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).
Taiwan's Hai Long offshore wind farm fully operational
Canada's Northland Power (TSX: NPI) has installed all 73 turbines at its 1.0-GW Hai Long offshore wind farm in the Taiwan Strait, and every unit is now producing electricity.
Czech firm MMV signs hydrogen deal with Taiwan university
MMV (Materiálový a Metalurgický Výzkum), a Czech company engaged in materials research, is set to cooperate in hydrogen storage and associated areas with NCUT, Taiwan's National Chin-Yi University of Technology.
Analyst warns of pressure on Russian oil exports and predicts global oil surplus by 2028
Russia faces mounting energy risks from Ukrainian attacks, dependence on Chinese influence and the prospect of a global oil surplus, while Ukraine prepares for a difficult winter, says analyst.
Montenegro seeks to accelerate French-backed energy projects
Azerbaijan oil fund net profit rises 240% to $15.8bn in 2025
The State Oil Fund of Azerbaijan (SOFAZ) ended 2025 with a net profit of AZN26.91bn ($15.83bn), a 240% increase from 2024, according to its financial statements.
Azerbaijan's crude exports drop 6.9% by volume but earn 13% more in nine months
Azerbaijan exported 15.83mn tonnes of crude oil and petroleum products from bituminous minerals in January-September, worth $10.10bn, according to State Customs Committee data.
Polish power grid PSE to modernise five transmission stations with EU support
Poland’s national transmission system operator PSE said on October 20 it had signed an agreement for funding to modernise five extra-high-voltage substations. The EU funding is worth PLN315.6mn (€72.3mn).
Poland’s Tauron buys 28MW/120MWh storage project, plans to launch it in February 2027
Polish power group Tauron said on October 20 it had acquired the BME Jawor project, which is ready for implementation, with a capacity of 28.27 MW and a storage capacity of 120 MWh. It plans to launch the facility in February 2027.
Bulgaria launches €350mn Tesla battery storage programme
Bulgaria has begun construction of a 300 megawatt-hour (MWh) battery storage facility in Tvarditsa, the first of three projects planned with Tesla.
Colombia's Ecopetrol rejects LNG import offers as Colombia’s gas deficit deepens
Ecopetrol has declared unsuccessful tenders for liquefied natural gas (LNG) supplies with five-year commitments, citing inadequate commercial terms, as Colombia’s declining domestic reserves increase pressure to secure gas imports
Colombia's Ecopetrol suspends gas import contracts because of price, commercial conditions
Ecopetrol has rejected offers for long-term liquefied natural gas (LNG) supplies after finding their commercial terms inadequate, opting instead to strengthen domestic production and accelerate development of the offshore Sirius field
Colombia fracking projects could require up to $15bn in investment
Colombia could need $10bn–$15bn to develop unconventional oil and gas projects over their lifetimes, while exploration could take four to six years to deliver results
Uzbekistan revokes Saneg’s oilfield licences over unmet conditions
Uzbekistan has revoked licences held by oil and gas company Sanoat Energetika Guruhi (Saneg) for the use of oilfields after the company failed to meet licencing conditions, according to the head of the State Assets Management Agency (Sama).
British company seeks approval for offshore oil transfers in Brazil
British marine services company Top Fenders has requested authorisation from Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) to conduct ship-to-ship crude oil transfers in Brazilian waters.
Trump asks Mexico to buy more US natural gas, Sheinbaum says
Mexican President Claudia Sheinbaum has confirmed that US President Donald Trump has asked in phone calls for Mexico to buy more American natural gas, while insisting that Mexico also wants to build up its own output of the fuel.
Fitch affirms Colombia's Ecopetrol’s BB rating with stable outlook
Fitch Ratings has maintained Ecopetrol’s international credit rating at BB with a stable outlook, while keeping its standalone credit profile at investment-grade level and its domestic ratings unchanged, the Colombian oil company said
Turkish firm Karpowership's converted LNG vessel prepares to enter FSRU service
Turkish energy company Karpowership's converted LNG carrier, Karadeniz LNGT Powership Türkiye, is preparing to enter service as a floating storage and regasification unit under the technical management of Singapore-based Synergy Marine Group.
Singapore partners with CMA CGM to develop bio-LNG marine fuel supply
Singapore's Maritime and Port Authority, French shipping group CMA CGM and Singapore LNG Corporation have signed an agreement to explore the use of liquefied biomethane.
Ecuador resumes pumping Colombian crude to coast after tariff row halted flows
Ecuador's state-owned Petroecuador has restarted transporting crude from Colombian producers Ecopetrol and Amerisur through the San Miguel-Lago Agrio (OSLA) and Trans-Ecuadorian (SOTE) pipelines.
US regulator proposes streamlined approvals for LNG infrastructure
The US FERC has proposed a new authorisation framework designed to accelerate LNG infrastructure development by allowing certain construction, maintenance and expansion activities to proceed without individual regulatory approvals.
Argentina approves $3.2bn in new Vaca Muerta projects under RIGI
Argentina has approved two projects worth more than $3.2bn by energy company Transportadora de Gas del Sur (TGS) under its Large Investment Incentive Regime (RIGI), aimed at processing natural gas liquids from the Vaca Muerta shale formation.
Datacor acquires Singapore's MySep to expand oil and gas engineering software portfolio
US engineering software provider Datacor has acquired Singapore-based MySep, a developer of process separator simulation technology used in oil and gas production, LNG processing and refining.
Snam secures UN recognition for methane emissions monitoring for sixth consecutive year
Italian gas infrastructure operator Snam has received the United Nations' Gold Standard recognition for methane emissions monitoring and reporting for the sixth consecutive year.
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