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Australia’s Santos inks two LNG supply deals
Australian LNG developer Santos has agreed to LNG supply deals with South Korea’s POSCO Steel and US-based Western LNG.
Russia’s Arctic LNG 2 files arbitration claim against Hanwha Ocean
Novatek-owned Arctic LNG 2 has filed an arbitration claim seeking $1bn in compensation from South Korea’s Hanwha Ocean for voided contracts for the construction of LNG vessels.
MACRO ADVISORY: Oil price to rise as reserve dipping ends
The price of oil is expected to rise steadily as “reserves dipping” is close to ending. Many traders and oil companies say that the oil price should be higher and expect it to rise in the next couple of months.
Ukraine’s Naftogaz signs MoU with Kino Aski LNG to explore importing Canadian LNG
Ukraine’s state-run Naftogaz has agreed to a Memorandum of Understanding with Kino Aski LNG to examine potential cooperation on imports of Canadian LNG to Europe.
Bangladesh rolls out incentives to accelerate rooftop solar growth
Bangladesh has announced a range of decisions, including financial incentives and preferential tariffs, to help boost rooftop solar power generation as its efforts to encourage renewable energy production and address the country's energy.
Nigeria’s Dangote Refinery launches $1.6bn IPO in Africa’s largest share sale
Dangote Petroleum Refinery has launched a NGN2.15 trillion ($1.6bn) IPO in Nigeria, with potential proceeds of about $2.1bn and an implied post-offer valuation near $49bn.
Iran warns insurers over Hormuz blacklist ships
Iran's Persian Gulf Strait Authority has widened its Hormuz vessel blacklist warning to insurers, P&I clubs and classification societies, threatening them with liability for serving listed ships.
Qatar holds talks with US firms for LNG deals through 2031
Negotiations come after Qatar recently extended force majeure on deliveries to November.
Oman postpones Gulf meeting to unveil new Iran-Oman Hormuz routes
Iran and Oman have finalised new Strait of Hormuz transit routes running through Iranian waters, but the strait stays closed pending Tehran's conditions on the US, and the meeting to unveil the deal has been postponed.
Yemen's Houthis claim 58 Saudi air strikes as battle for Bab el-Mandeb escalates
Yemen's Houthis say Saudi jets flew 58 air strikes across six provinces in a day, as their capture of the Red Sea coast and the Bab el-Mandeb strait threatens Saudi oil exports and rattles energy markets.
China is Uzbekistan’s choice for second nuclear plant project, reveals Serbia’s president
Vladimir Putin has appeared peeved with Tashkent lately. Analysts will wonder if this is one reason why.
Russia's oil refining down, but shortages drive up revenues anyway
Russia spent August buying gasoline from a refinery it part-owns in India, transferring it between sanctioned tankers off Egypt and unloading it at an Arctic port, because its own refineries can no longer make enough of it.
Yemen's Houthis claim major west-coast gains as government forces report advances
Yemen's Houthis claim to have seized more than 5,400 sq km from Saudi-backed government forces in Taiz and Hodeidah, a claim the internationally recognised government rejects while reporting its own advances, in the heaviest fighting since 2022.
Angola projects more than $70bn oil and gas investment as majors sign deepwater deals
Angola projects more than $70bn in oil and gas investment over five years as Shell, Chevron, TotalEnergies, ExxonMobil and other majors sign new deepwater exploration agreements.
Ukraine strikes deep into Russia's Siberian gas heartland
Ukraine’s deepest strike yet into Russia has brought its Arctic gas heartland — and potentially Yamal LNG — within reach.
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.
ExxonMobil-led venture makes new offshore oil discovery in Angola's Block 15
ExxonMobil (NYSE: XOM) and its partners have made a new hydrocarbon discovery in Angola’s Block 15, where the Vicango Este-01 well encountered about 25 metres of high-quality sandstone with 22% porosity, regulator ANPG said on September 9.
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.
WPC Energy, AEC call for stronger African voice in global energy debate
Africa should have a stronger role in international energy discussions as governments seek to balance energy security, economic growth and emissions cuts.
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