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Citadel reportedly seeking US shale assets
US-based hedge fund and commodity trader Citadel has reportedly held talks to buy US shale oil production assets.
Canadian producers Tamarack Valley, Headwater to merge in $7.2bn transaction
Calgary-based Tamarack Valley Energy has agreed to merge with fellow Canadian producer Headwater Exploration in an all-stock transaction is valued at CAD10bn ($7.2bn).
India's LOHUM ships first ore from Zimbabwe lithium deposits valued at $7bn
The shipment marks LOHUM’s move into upstream mining and gives the Indian critical minerals company direct exposure to Zimbabwe’s lithium resources as Harare pushes miners towards greater domestic processing.
Dangote’s planned $16bn Kenya refinery faces crude supply, financing hurdles
The Kenyan president’s chief economic adviser said the refinery in Lamu could eventually source about 600,000 bpd from Kenya, Uganda and South Sudan, which would cover about 86% of nameplate capacity.
Mexico sets out 15-year roadmap to hold oil output at 1.8mn bpd as Pemex remains under pressure
Mexico's federal government aims to sustain national liquid hydrocarbons production at 1.8mn barrels per day until the end of 2039.
Petrobras cleared to drill additional wells at Morpho discovery site
Brazil's environmental regulator Ibama has granted Petrobras permission to drill three additional wells in the block where the company made the Morpho oil discovery.
Angola's Cabinda refinery exports 86% of early sales as throughput ramps up
Angola’s $473mn Cabinda refinery exported 86% of its disclosed sales volume during its first months of operation, mainly as naphtha and heavy fuel oil, while August data indicate throughput was ramping up from relatively low initial utilisation.
Britain widens Iran sanctions on energy and finance, with joint Azerbaijani gas exemptions
The UK will widen sanctions on Iran from September 29, targeting energy, finance, shipping and aviation. Planned licences will allow certain activities linked to Azerbaijan’s Shah Deniz gas field to continue.
Nuclear generation hits fresh record as Asia drives expansion
Nuclear reactors worldwide generated 2,702 TWh of electricity in 2025, up 35 TWh from 2,667 TWh in 2024.
Uganda appoints Vitol to market 'Pearl Sweet' crude ahead of 2027 exports
Uganda, close to commercial oil exports, appoints global commodities trader Vitol to market the government and Uganda National Oil Company’s allocation of newly branded 'Pearl Sweet' crude.
Qatar and UAE turn to ship-to-ship transfer outside Strait of Hormuz
Qatar and the United Arab Emirates have commenced doing ship-to-ship transfers outside the Strait of Hormuz for LNG cargoes.
Pakistan again seeks LNG cargo after two failed attempts amid high prices
Pakistan has begun a new bidding round for the purchase of an LNG cargo for September after two failed attempts due to Islamabad being spooked by sky-high prices.
Norway’s Equinor receives first US LNG cargo from Cheniere
Equinor has received its firs LNG cargo from the US Gulf Coast with a delivery made from Cheniere Energy’s Sabine Pass facility.
Uzbekistan downgrading its nuclear cooperation with Russia
Rosatom appears on outs with Tashkent.
Fuel prices in Turkey break fresh records over unending Iran War
Sharp hikes reflect combination of global oil market turbulence and persistent domestic currency pressures.
US swings sanctions stick at Turkish bank accused of smuggling Chinese oil payments to Iran in gold
American ambassador to Ankara at great pains to describe move as aimed at “one entity”, not at a nation, banking system or ally.
US LNG exports climb in August
US LNG exports saw an uptick in August as European countries purchased higher volumes to shore up ahead of winter.
Venture Global’s Plaquemines Phase 2 on schedule for deliveries
Venture Global’s Plaquemines Phase 2 is on schedule to commence deliveries of contracted LNG cargoes.
Nigeria clears $1.6bn Dangote Refinery IPO, testing investor appetite at $47bn valuation
The refinery IPO is a major test of whether Nigeria’s domestic capital market can absorb a record-sized listing as investors weigh Dangote’s expansion plans against crude-supply and margin risks.
Booming jet fuel prices not yet reflected in airline ticket prices, says chairman of Turkey’s Pegasus
Iran War and soaring refining margins taking heavy toll on regional aviation.
Argentina escalates Falklands dispute as Trump leaves UK support in doubt
Javier Milei has threatened sanctions on oil companies near the Falklands and promised new naval funding, hardening Argentina's claim days after Donald Trump declined to rule out shifting US policy on the islands.
India’s Kyiv outreach contrasts with lower level Russia forum presence
India continues to import crude oil, as well as other hydrocarbons and commodities from Russia even as the risk of Western and especially US sanctions mount.
Summit takes FID on Double E compression project
Summit Midstream has taken a final investment decision on the previously announced mainline compression expansion project on its Double E pipeline.
Oneok to buy Brazos Midstream’s Midland Basin assets for $4.425bn
US midstream player Oneok announced on August 30 that it had agreed to acquire Brazos Midstream’s natural gas-gathering and processing assets in the Permian Basin’s Midland sub-basin for $4.425bn in cash.
European pump prices hit records as Iran war escalation drives oil higher
Petrol prices hit records in Germany and the Netherlands and European gas futures reached a three-year high, as the Iran-US war escalation drove oil higher, landing the Gulf conflict directly on European household budgets.
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