Free Top Stories
Mozambique parliament adds $56mn of gas revenue to 2026 budget
The revision more than doubles the gas revenue allocated to the 2026 budget, drawing on carried-over balances in the sovereign wealth fund’s transitional account,
Kenya seeks trading name for Turkana crude ahead of December production target
Kenya is seeking a trading name for Turkana crude as Gulf Energy targets December 1 first oil, but export dates diverge and compensation disputes persist.
Chinese scientists say Turkey’s claimed “giant” rare earths deposit actually “small in scale”
Researchers pour cold water on prospects for Kizilcaoren site.
Renewables' share of world electricity rises to 34% as nuclear slips to 9%
Renewables generated more than three times as much of the world's electricity as nuclear power in 2025, although the two sources supplied similar shares in 2000.
Pakistan’s petrol time bomb
Each week, millions of Pakistanis who ride motorcycles or drive rickshaws send a text message and, once the system has checked their identity card, SIM registration and vehicle, receive a token redeemable at a participating petrol station.
China pays Russia less for gas than it pays Turkmenistan, Carnegie finds
China pays Russia $40-60 per 1,000 cubic metres less for pipeline gas than it pays Turkmenistan, according to an analysis of leaked Russian price data.
Kenyan president targets December oil exports, ahead of regulator EPRA’s 2027 timetable
President Ruto says Kenya will start crude exports from South Lokichar in December. Regulator EPRA expects first shipments only in Q1 2027 as Gulf Energy prepares to drill.
Ghana’s petroleum revenue rises 52% y/y in H1 as watchdog PIAC questions spending oversight
Ghana's oil receipts jumped to $561.41mn in H1 on higher crude prices and an 11.7% output recovery. PIAC flagged missing spending data and GNPC's use of Jubilee funds.
Operating carbon capture capacity equals under 0.2% of global CO2 emissions
The world's 132 commercial carbon capture and storage projects have capacity to capture about 68mn tonnes of CO2 a year, less than 0.2% of global emissions, according to Global CCS Institute data compiled by Statista.
Nigeria weighs listing state oil firm NNPCL and sole LNG exporter as Oyedele floats $160bn valuation
Finance Minister Taiwo Oyedele has called for NNPCL and NLNG to be listed locally as the government seeks to deepen Nigeria’s capital market and broaden public ownership.
Myanmar to import Russian LNG
The deal gives Russia a fresh outlet for its energy exports as Western sanctions and the war in Ukraine strain its finances.
Poland’s Orlen, Sołowow’s SGE agree phased approach to first SMR, eye detailed deals by year-end
OSGE holds in-principle decisions for 24 units across six sites, while Orlen’s strategy envisages at least two SMR units by 2035 for its plants in Płock and Włocławek.
Milei rules out force over Falklands as oil row with Britain escalates
Javier Milei has ruled out using force to recover the Falkland Islands, pledging to pursue Argentina’s sovereignty claim through diplomacy even as Buenos Aires steps up a legal and economic offensive against British-backed oil developments.
Chevron confirms start of process to explore sale of older Gulf assets
Supermajor Chevron confirmed to media this week that it was exploring a potential sale of some of its older assets in the US Gulf of Mexico.
Strong El Niño threatens Latin America's hydro-dependent grids, IEA warns
The 2026-2027 El Niño is expected to be among the strongest since 1950, putting power supplies at risk across hydro-dependent Latin America, the IEA said.
Beware the bear as Moscow woos Asia with oil and atoms
Asia provides Russia with opportunities to remain economically engaged even if the terms increasingly depend on what Asian partners themselves require.
Senegal seeks investors to advance Yakaar-Teranga gas development
Senegal’s state-owned oil company Petrosen is seeking investment partners for the Yakaar-Teranga offshore gas project, targeting a final investment decision (FID) by the end of 2027.
Nigeria’s Dangote outlines African fuel distribution network under $50bn investment plan
Dangote is taking his Lagos refinery’s fuel inland: a $660mn Djibouti-Ethiopia pipeline, a Walvis Bay terminal and a 2,650km Southern Africa network budgeted at more than $3.5bn.
Lithuania’s Ignitis seeks to postpone €3bn Baltic offshore wind project as costs rise 27%
Ignitis Renewables invested €60.3mn between 2023 and 2025, but the project has yet to secure long-term electricity purchase agreements with major consumers.
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.
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
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.
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.
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.
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.
Follow us online