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China’s state-owned oil giants halt Russian crude purchases in response to US sanctions
China’s state-owned oil giants have paused their purchase of Russian crude oil in response to recent US sanctions targeting Moscow’s two largest oil firms, Rosneft and Lukoil
Namibia-focused explorer Sintana Energy provides update on Challenger acquisition
Canadian-listed oil and natural gas exploration company Sintana Energy Inc. (TSX-V: SEI) on October 21 provided an update on its intended acquisition of Challenger Energy Group.
EIA sees North American LNG export capacity more than doubling by 2029
Planned liquefaction capacity additions in North America will see total capacity across the continent more than double by 2029, the US Energy Information Administration (EIA) said last week.
US oilfield services firms SLB, Halliburton beat analyst expectations in third quarter
US-based oilfield services giants SLB and Halliburton both beat analyst expectations with their third-quarter results, released over the past week.
Malaysia–Vietnam offshore wind project to deliver 2,000 MW by 2034, strengthening regional green energy links
Malaysia’s upcoming offshore wind project connecting Vietnam to Peninsular Malaysia is expected to generate up to 2,000 megawatts (MW) of clean energy by 2034, marking a major step in the nation’s renewable energy expansion
India, US near major trade deal cutting tariffs to 15–16% if New Delhi will limit Russian crude imports
India and the United States are close to finalising a long-awaited bilateral trade deal that could sharply lower tariffs on Indian exports to about 15–16% from the current average of 50%
EBRD invests €16.8mn in Croatia’s first large-scale battery storage and virtual power plant
Development bank to take its first equity stake in a standalone merchant storage project.
Slovak PM Fico to unblock 19th round of sanctions in exchange for EU’s concessions to car industry
During a parliamentary session in Bratislava, Fico reportedly admitted he uses the support for sanctions as a "pressure tool".
Egypt reports multiple oil and gas discoveries in New Delta, Eastern and Western Deserts
Egypt’s Ministry of Petroleum has confirmed 18 new oil and gas discoveries since July 2025, adding roughly 14,000 bpd and 44mn cubic feet of gas per day to national output. The finds were led by Harbour Energy, Dana Gas, Eni, and Cairn Energy.
Galp Energia plans to expand frontier exploration in Africa amid strong demand for oil
Portuguese integrated energy company Galp Energia is planning to expand frontier exploration in Africa amid continuing strong demand for fossil fuels in Europe.
MOL says no risk to domestic fuel supply after Danube refinery blaze
Fires broke out at refineries in both Hungary and Romania in recent days.
Venture Global gets approval to add natural gas in final block of Plaquemines
US LNG giant Venture Global has been given the green light by federal regulators to begin adding natural gas into the firm’s Plaquemines LNG plant.
Andaman gas find signals fresh momentum in India’s deepwater exploration
India’s latest gas discovery in the under-explored Andaman-Nicobar Basin could become a turning point for the country’s domestic upstream production and energy security
EU decision to ban Russian gas transit raises alarm in Serbia
Belgrade warned that the EU's decision to halt imports and transit of Russian natural gas from 2026 poses a serious threat to its energy security, with senior politicians calling the move "catastrophic".
Ukrainian military strike for first time disrupts operations of Western oil majors
Drone attack damage caused to Russian gas processing plant forces scaling back of output at Kazakh field partly owned by Chevron, Shell and Eni.
Petrobras secures controversial Amazon drilling licence ahead of COP30 climate summit
Brazil's Petrobras has obtained authorisation to drill an exploratory well near the mouth of the Amazon River, sparking fierce criticism from conservationists just weeks before Brazil hosts UN climate talks.
Hungary to challenge EU’s ban on Russian gas imports, vows to block REPowerEU
Hungarian Foreign Minister Peter Szijjarto says the European Council’s decision to ban Russian fossil fuel imports by 2027 could jeopardise Hungary’s energy security.
India’s opposition slams Modi over Trump’s Russia oil claim
Indian National Congress leader Jairam Ramesh in an X post criticised Prime Minister Narendra Modi for staying silent over US President Donald Trump’s repeated claims that India would cut back on oil imports from Russia.
NextDecade take FID on Train 5 at Rio Grande plant
US LNG producer NextDecade has taken a positive final investment decision (FID) on Train 5 at its Rio Grande LNG export terminal in Brownsville, Texas.
EU sets 2028 deadline to end Russian gas imports under phased ban
European Union energy ministers have approved a plan to end all Russian gas imports by 2028, introducing a phased ban on new and existing contracts.
Kuwait Drilling Co. awarded deal to drill wells at Jordan’s Risha
Jordan has kicked off efforts to expand gas output at Risha, awarding a contract to the Kuwait Drilling Co. (KDC)
Sonatrach restarts major gas-processing train at Skikda to boost Algeria’s exports
Sonatrach restarts major gas-processing train at its Skikda complex after extensive maintenance, restoring about 4.5 bcm per year of capacity. The move supports shipments via the Medgaz and TransMed pipelines and LNG terminals at Skikda and Arzew.
Egypt studies new LNG terminal plans in Port Said
Egypt’s Ministry of Petroleum is studying proposals for a new LNG terminal in Port Said to expand export capacity beyond Idku and Damietta, raising Egypt’s total LNG capacity to more than 12mn tpa, while leveraging the Suez Canal’s location.
Ukraine’s growing energy crisis promises a cold and dark winter
Since the summer, Kyiv has changed tactics. Given the almost complete failure of Western oil sanctions to curb Russian oil exports, it has been targeting Russian oil refineries. The Kremlin has struck back, targeting Ukraine's power system.
Sri Lanka’s economic escape
Sri Lanka’s recovery over the past year reads like a narrow escape rendered into a cautious, albeit unfinished success story.
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