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Nigeria's NNPCL targets 2mn bpd output, $30bn–$60bn co-investment to accelerate upstream recovery

The NNPCL said crude oil production has reached about 1.7mn barrels per day (bpd). It targets 2mn bpd by 2027 and is seeking between $30bn and $60bn in partnerships by 2030 to accelerate oil, gas, and infrastructure projects.

SABIC sees pressure on profit margins due to petchem overcapacity

Saudi Basic Industries Corp. (SABIC) CEO Abdulrahman Al-Fageeh said this week that global overcapacity in the petrochemicals industry had put pressure on profit margins, leading to reduced operating rates.

Nigeria's Ondo State announces $50bn investment framework for proposed 500,000bpd refinery, free trade zone

Ondo State signed a $50bn investment agreement with a consortium of international firms, including China Harbour Engineering Company and Honeywell OUP, to build a 500,000-bpd refinery and develop a 1,471-hectare free trade zone.

US shale players SM Energy, Civitas announce merger

Two US shale producers, SM Energy and Civitas Resources, agreed this week to an all-stock merger that will create a company worth $12.8bn, inclusive of each company’s net debt.

Panoro Energy signals stable production outlook, Dussafu offshore Gabon remains core growth driver

Panoro Energy ASA (OSE:PEN) reported stable operating performance ahead of its Q3 2025 results, with the Dussafu Marin block in Gabon continuing to anchor growth plans.

Will Trump’s Central Asia summit in Washington help break the Chinese chokehold on rare earths?

“Rare earths”. As Donald Trump on November 6 hosts Central Asia’s five presidents in Washington, DC, observers can forgive themselves if they quickly lose count of the number of times these buzzwords are uttered.

Riga Airport becomes the first climate-neutral airport in the Baltics

The airport has implemented a range of initiatives to improve energy efficiency, adopt renewable energy sources and promote sustainable transport across its operations.

South Africa–Europe iron ore route could adopt ammonia-fuelled vessels from 2029 — study

Egypt launches international bid round for gas exploration in Red Sea

Egypt’s Ministry of Petroleum and Mineral Resources has launched a new international bid round for oil and gas exploration in four blocks in the Red Sea

JSE-listed Standard Bank invests $40mn in New GX Capital's clean-tech platform Airnergize

Turkmenistan reveals electricity export aspirations

Ashgabat building Caspian power plant.

British multinational Shell signs exclusive $1bn deal to explore for oil offshore Angola

British multinational oil and gas company Shell and Angola’s National Agency for Oil, Gas and Biofuels (ANPG) have signed an exclusive agreement to explore new oil blocks offshore Angola.

Hungary, US set to deepen nuclear energy ties during Orbán’s White House visit

Viktor Orban, seeking to secure a temporary waiver from US sanctions on Russian oil, will propose a pragmatic energy deal to Washington, offering deeper cooperation in the LNG and nuclear sectors.

Abu Dhabi’s capacity ambition accelerates as Exxon signals early milestone

Abu Dhabi’s campaign to cement its long-term market influence is accelerating, with comments reported by Bloomberg this week suggesting its flagship $30bn offshore expansion is running ahead of schedule.

Is Venezuela's resource wealth Trump's real target?

As US military forces mass in the Caribbean, Venezuela's oil and mineral wealth emerges as a potential prize in a looming confrontation that will likely result in the ousting of President Nicolas Maduro.

Shell hints at start-up of second train at LNG Canada before end of year

Supermajor Shell forecasts that the second liquefaction train at LNG Canada will come online before the end of the year, the company’s Chief Financial Officer Sinead Gorman stated.

China’s Hudong-Zhonghua Shipbuilding to deliver record four LNG carriers in October

China’s largest LNG carrier builder Hudong-Zhonghua Shipbuilding has delivered four high-tech LNG carriers in the month of October.

BP expands gas output in Egypt’s West Nile Delta with new well start-up

British energy major BP (LSE, NYSE:BP) has started up the RW5 gas well in Egypt’s West Nile Delta (WND) project, adding around 80mn cubic feet per day of additional supply.

Dangote refinery ramping up output as Nigeria prepares phased 15% fuel import duty

Nigeria’s Dangote refinery is scaling up gasoline and diesel output as the government prepares to phase in a 15% import duty on refined fuel products, part of a broader effort to shift supply towards domestic refining and reduce FX pressure.

Slovenian consumers take energy giant GEN-I to court over price hikes

The Slovene Consumers’ Association accused GEN-I of unlawfully raising household prices at the height of the recent energy crisis.

Bulgaria suspends fuel exports to EU after US sanctions Lukoil

Bulgaria has temporarily suspended exports of petroleum products to European Union countries after the United States imposed sanctions on Russian oil giant Lukoil.

US push to pressure Iran providing fresh incentive for trans-Caspian pipeline

Turkmenistan showing interest in the idea.

Natural gas, helium explorer D3 Energy advances towards production at flagship South African asset

South Africa-focused helium and natural gas explorer D3 Energy on October 30 provided a market update in its quarterly activities report for the period ending September 30, 2025.

Washington has a new focus on a Caspian energy play

For most of the last three decades since winning independence, Central Asia has been a bit of a backwater. Not any more. The Trump administration is becoming more focused on Turkmenistan's vast gas reserves and can smell money and power there.

BOTAŞ and Turkey’s hub ambition: from “30-year dream” to cross-border reality

For Ankara, the symbolism is as important as the molecules: Turkey’s energy map is shifting from end-market to hub.