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Nigeria's $1.6bn Dangote refinery IPO overwhelms fintech platforms as retail investors rush in
Nigeria’s $1.6bn Dangote refinery IPO has overwhelmed investment platforms as retail demand surges, while broker valuations highlight risks around margins, crude supply and a planned $14.3bn expansion.
Iranian parliament committee works through Hormuz shipping bill clause by clause
Iran's parliamentary national security committee is working through a bill on the Strait of Hormuz clause by clause, covering a ban on vessels from hostile states and fines of up to 20% of cargo value.
Nigeria targets October launch for 2026 oil, gas licensing round as output drive accelerates
Nigeria plans to launch its 2026 upstream licensing round in October as regulators accelerate acreage auctions, tighten bidder requirements and seek higher, NUPRC chief says
Ghana cuts fuel exports to Burkina Faso and Mali as global supply tightens
Ghana’s state-owned BOST Energies has reduced fuel exports to Burkina Faso and Mali as tighter international markets and stronger domestic demand increase pressure on supply.
Brazil’s Lula cuts gasoline taxes, creates additional diesel subsidy weeks before election
Brazilian President Luiz Inacio Lula da Silva has signed a decree cutting gasoline taxes and a provisional measure creating an additional diesel subsidy.
YPF raises $1.2bn in international debt issue at lowest rate in company history after S&P lifts forecasts but keeps rating capped
Argentine oil producer YPF has raised $1.2bn through a nine-year international bond issue at an effective interest rate of 7.85%, the lowest borrowing rate in the company’s history.
Thailand’s Amata, B.Grimm develop 42.5-MWp floating solar
Thailand’s Amata Corporation and energy producer B.Grimm Power are jointly developing a 42.5-MWp floating solar farm at an industrial estate in Chon Buri province.
Eastern Africa advances $1.6bn power-trade push with Ethiopia set to double Kenya exports
Eastern African countries are expanding cross-border electricity trade under a $1.6bn World Bank-backed programme, with Ethiopia preparing to double power exports to Kenya to 400 MW.
North African hydrocarbon producers turn to mature fields as Europe seeks new supplies
North African oil and gas producers are investing in mature assets to lift output and respond to changing European demand.
Equatorial Guinea awards Transocean $80mn ultra-deepwater drilling contract
Transocean has secured an $80mn two-well drilling contract in Equatorial Guinea for its "Deepwater Conqueror" ultra-deepwater drillship, with the campaign due to begin in 2027.
Herat section of Afghanistan's TAPI pipeline reaches 80% completion
Design work on a gas distribution network for Herat province is under way, and construction is expected to begin in the near future.
Russia turns off gas taps to Armenia
Sending signal as Pashinyan seeks energy diversification.
EIB lends €100mn to turn Klaipeda port into defence and clean-energy hub
Klaipeda is Lithuania’s only major seaport and an increasingly important gateway for Nato military mobility, offshore wind development and national energy security.
Masdar, Taaleri inaugurate 154 MW wind farm in Serbia
UAE renewable energy company Masdar and Finnish fund manager Taaleri Energia have inaugurated a 154-megawatt wind farm in Serbia, creating the country's largest wind power complex.
Nigeria’s Dangote refinery IPO puts Africa’s refining shift in focus
Nigeria, Africa's oil producer, spent decades exporting crude while importing much of its petrol, diesel and aviation fuel. That began to change when the Dangote refinery came online.
Nigeria reviews oil block screening after years of stalled development
Nigeria’s upstream regulator NUPRC is reviewing how it qualifies oil & gas bidders, warning years of stalled projects had exposed financing, technical and governance weaknesses among some licence holders.
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.
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