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Algeria’s Sonatrach, NOC Kenya sign draft deal on oil E&P, LPG imports
Kenya’s NOC and Algeria’s state-owned energy giant Sonatrach have agreed to collaborate across the petroleum value chain, including upstream exploration and production, LPG imports, storage, distribution and trading.
Cenovus to sell WRB Refining interest to Phillips 66 for $1.4bn
Cenovus Energy announced on September 9 that it had agreed to sell its 50% interest in the WRB Refining to its existing partner in the joint venture, Phillips 66.
Strathcona sweetens MEG offer in effort to outbid Cenovus
Strathcona Resources announced on September 8 that it was amending its takeover offer for MEG Energy.
Kyrgyzstan building mega dam in “very dangerous place”, says Academy of Sciences head in earthquake warning
Officials deny pushing ahead with multibillion-dollar Kambarata-1 hydroelecric project with inadequate seismic surveys.
South African energy regulator approves Sasol Gas maximum gas price adjustment for Q2 FY2025/26
The National Energy Regulator of South Africa in a statement on September 9 said it had considered and noted Sasol Gas Limited’s adjustment of its maximum gas price for the Q2 of FY 2025/26.
US sanctions Indian petchem traders over Iran deals
The US Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned six Indian companies for their involvement in trading petrochemicals produced in Iran, according to a report released by Business & Human Rights Resource Centre.
Ban on oil extraction and legalised cocaine could save the Amazon, says Colombia’s president
Colombian President Gustavo Petro has called for ending petroleum extraction in the Amazon region and legalising cocaine production to preserve the world's largest tropical rainforest
Kenya, France's AFD agree to cooperate in geothermal segment to boost uptake in East Africa
Kenya and France have signed a cooperation agreement to accelerate geothermal energy development in East Africa, focusing on Kenya, Tanzania, and Uganda, according to the French Development Agency (AFD)
ASX-listed Gladiator Resources in talks to sell Tanzanian uranium assets, eyes US rare-earth projects
ASX-listed Gladiator Resources Ltd (GLA) announced it is in discussions with multiple groups for the purchase of its Tanzanian uranium prospects located within the Mkuju region in the south-west of the country.
Nigeria’s Dangote refinery says it will not shut petrol unit
Nigeria’s Dangote refinery has moved to deny a Reuters report that claimed the plant was preparing to shut its petrol unit for between two to three months, with Dangote Group spokesperson Anthony Chiejina denouncing it as “fake".
Petronas to drill four new wells offshore Suriname
Malaysia's national oil company, Petronas, announced plans to drill four new oil wells in Suriname, signalling expanded investment in the South American nation's emerging energy sector.
Kyrgyzstan to discuss ministry proposal to build nuclear plant
Small Central Asian country could follow in footsteps of bigger neighbours Kazakhstan and Uzbekistan, which have atomic power projects under way.
US sanctions block Colombia's Ecopetrol from Venezuelan gas imports and Monomeros deal
Colombia's state-owned energy company Ecopetrol cannot proceed with planned gas imports from Venezuela or acquire fertiliser producer Monomeros Colombo Venezolanos due to US Treasury sanctions.
African leaders, lenders at summit in Ethiopia seek to mobilise $100bn climate investment ahead of COP30
African leaders at the Addis Ababa climate summit pledged to mobilise up to $100bn working with banks and development lenders, shifting from aid to investment ahead of COP30, targeting green industry and renewables.
Panoro Energy taps ex-Perenco executive Eric d’Argentré as COO, president amid H1 output gains
Africa-focused E&P firm Panoro has assets in Equatorial Guinea, Gabon, Tunisia, and South Africa. Eric D’Argentré has managed operations in Cameroon, the UK, Colombia, Ecuador, Turkey and Gabon.
Seoul’s energy balancing act up to 2050: then green power for the win
In the northeast corner of East Asia, South Korea is quietly steering its energy future towards a delicate pro-nuclear, pro-renewables outcome. With eyes fixed firmly on 2050, policymakers in the capital Seoul are doubling down.
Kurdish official estimates Iraqi oil losses at $28bn
The 18-month suspension of oil exports from Iraqi Kurdistan has cost the state more than $28bn in lost revenue, a senior Kurdish official has said
Uganda close to signing FEED contracts for $4b Hoima oil refinery project with Alpha MBM
Uganda’s UNOC is close to finalising a deal with Alpha MBM of the UAE on the planned refinery, targeting 60,000 bpd output to cut fuel imports and boost energy security.
Kosovo’s flawed electricity market liberalisation leaves businesses in the dark
Companies face disconnections, uncertainty and higher costs, Kushtrim Ahmeti, executive director of the Chamber of Trade and Industry of Kosovo, tells bne IntelliNews.
Congo signs $23bn deal with China’s Wing Wah for integrated onshore oil and gas development
The Republic of the Congo has signed a $23bn hydrocarbon agreement with Chinese oil and gas company Wing Wah, for the integrated development of the onshore Banga Kayo, Holmoni and Cayo permits.
China accused of escalating Taiwan tensions with oil drilling in disputed waters
By placing energy platforms in contested waters, China is signalling both defiance of international rulings and a willingness to tighten the squeeze on Taiwan.
Ethiopia set to inaugurate $4bn mega-dam as Egypt, Sudan renew strong objections
Ethiopia is preparing for a true "watershed moment", with plans to officially inaugurate its $4bn Grand Ethiopian Renaissance Dam (GERD) on September 9, just ahead of the start of the Ethiopian New Year and the end of the rainy season.
Canada considers LNG export terminal in Saint John
New Brunswick’s Minister of Natural Resources is touting the eastern province for an LNG export terminal.
Second Russian LNG tanker arrives in Chinese port defying sanctions
A second vessel transporting LNG from Russia’s sanctioned Arctic LNG 2 terminal has docked at a Chinese port.
Power of Siberia 2 gas pipeline deal with China to cut Russian domestic supplies
Completing the Power of Siberia 2 (POS2) gas pipeline linking China to Russia’s Yamal gas fields may reduce the amount of gas available to the domestic market, Russian Energy Minister Sergey Tsivilev said during the Eastern Economic Forum.
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