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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.
Iraq faces renewed petrol shortages as Baghdad queues return
Iraq’s capital Baghdad and several other provinces are facing renewed shortages of petrol and kerosene, with long queues forming at filling stations and dozens of stations closing.
Climate modellers cut the worst case for the first time in four generations
The highest warming scenario used by climate modellers has fallen to 3.3C by 2100 from 4.6C, the first time the top of the range has come down in four generations of modelling, Carbon Brief reported on September 1. COUNTRIES: Global SECTORS:...
Africa-focused Invictus Energy advances Zimbabwe gas development ahead of AEW 2026
Invictus Energy will participate in African Energy Week 2026 in Cape Town as a Bronze Partner, bringing Zimbabwe’s Cabora Bassa Basin development to the continent’s energy investment forum.
US lays out sweeping Venezuela oil pact as legal and political risks mount
The White House has set out the architecture of the sweeping US-Venezuela oil agreement President Donald Trump unveiled last week.
Shell completes acquisition of ARC Resources for $16.5bn
World’s largest LNG trader could be eyeing future LNG projects following ARC Resources acquisition.
Riyadh condemns Iranian strike on Bahri tanker
Saudi Arabia has condemned an Iranian attack on one of its oil tankers in the Strait of Hormuz that killed two Filipino crew members
IntelliNews Lambda: EU gas storage is emptier than in the 2022 crisis, gas prices doubles
Europe will miss its 90% full target for gas storage by November and is now on course to hit only 68%. Gas prices have already doubled but another 2022 gas crisis is unlikely, according to IntelliNews Lambda's model.
Chevron to invest over $7bn in Venezuela, Colombia’s GeoPark and Italy’s Eni will also enter
Chevron plans to invest over $7bn in Venezuela over the next five years as it targets more than a doubling of its oil production in the South American country to 600,000 barrels per day.
Gasgroup targets NGX listing, eyes expansion into refining, power generation, data centres
Gasgroup, a Nigerian energy-services business not currently listed on the NGX, plans to seek admission of its existing shares to the Main Board of the bourse as it pursues expansion into refining, gas infrastructure, and power generation.
Iran's IRGC says two tankers 'hit mines' in Strait of Hormuz
Iran's IRGC said two oil tankers struck mines and caught fire in the Strait of Hormuz after being used to attempt an unauthorised transit, in a claim attributed to the Guards and not independently verified.
Africa’s upstream expansion opens opportunities for oilfield services companies, says AEC
Africa’s expansion of new oil and gas projects and efforts to extend the life of mature fields are creating growing opportunities for oilfield services companies.
Pentagon takes stake in Venezuelan oil venture as details of Trump's deal emerge
Controversial businessman Alejandro Betancourt's NABEP wins 100-year rights to 17 fields, but contradictions over ownership terms and unresolved legal questions cloud the "biggest oil deal in history."
Erdogan provides Saudis with €47.50/MWh price guarantee for 2-GW of solar
Deal also includes zero-cost land, tax exemptions and offtake assurances.
Turkmenistan starts plugging its methane mega-leaks
Turkmenistan has sealed eight methane mega-leaks after UN satellite alerts, the first documented repairs by a state long ranked the world's worst for super-emitting leaks from oil and gas facilities.
Oil rises for second day as Hormuz disruption fears deepen
Oil rose for a second day as US-Iran hostilities deepened fears of prolonged disruption through the Strait of Hormuz, with Brent near $91 and only five commercial vessels a day crossing the waterway.
Floating solar emerges as India’s next frontier in the clean energy transition
In another boost to the solar power sector, the Indian Union Cabinet recently approved the Pradhan Mantri Surya Sarovar Yojana, a scheme for the development of floating solar photovoltaic projects.
Iran says Kharg oil hub remains operational after Trump AI video
Iran dismissed a video shared by US President Donald Trump purporting to show Kharg Island under attack, calling Trump’s posts “laughable” and saying oil operations on the key Persian Gulf export hub had not halted.
Turkey’s electric car champion Togg will never turn a profit and is hardly “native”, says ex-Renault Turkey CEO
Upcoming T6X model largely Chinese with Turkish cabin slung on top, he adds.
Iran's foreign ministry calls US Larak strike a Charter violation, appeals to UN
Iran's foreign ministry has condemned the US strike on Larak Island as a violation of the UN Charter and appealed to the Security Council and secretary general, casting its missile retaliation on US bases in Jordan as lawful self-defence.
US strikes Iran's Larak Island, Iran fires missiles at bases in Jordan
Iran’s Islamic Revolutionary Guard Corps (IRGC) said a “rogue supertanker” caught fire after striking two sea mines in the Strait of Hormuz, hours after the United States attacked an Iranian island in the Persian Gulf.
Equinor says attractiveness of stalled Tanzania LNG project has improved
Norwegian energy giant Equinor says the case for the long-stalled Tanzania LNG project has improved following the Middle East conflict.
LNG prices in Europe skyrocket to highest level since 2023
Europe is grappling with sky-high LNG prices not seen since January 2023 as the continent braces for winter with storage levels dipping.
US LNG feedgas demand hits highest level since April
Demand for natural gas to be used as feedstock at US LNG terminals reached its highest level on August 27 since April.
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