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African Energy Chamber to release State of African Energy 2026 Outlook at AEW 2025 in Cape Town
The African Energy Chamber (AEC) has announced the launch of its latest report, written in collaboration with S&P Global Commodity Insights, at the African Energy Week: Invest in African Energies conference in Cape Town.
China deploys new power pricing regime to balance clean energy mix
Introduced in June, the framework abandons the uniform tariffs that once rewarded all renewable generation equally, regardless of local demand or grid capacity.
Egypt increases downstream cooperation with Nigeria
The Nigerian National Petroleum Corporation (NNPCL) and the Egyptian General Petroleum Corporation (EGPC) have agreed to increase cooperation, with EGPC vowing to contribute more to development projects in Nigeria.
China sets first binding target to cut emissions
China has announced its first economy-wide commitment to reduce greenhouse gas emissions, pledging a cut of between 7 and 10% by as soon as 2035.
Nigerian army continues to fight against illegal refineries
The Nigerian army’s 6 Division has arrested 17 alleged oil thieves and shut down nine illegal refining sites across the Niger Delta region this week.
Nigeria’s Koolboks secures $11mn to expand local assembly and cut prices
Lagos-based Koolboks, which makes solar-powered, off-grid refrigerators aimed at providing reliable cooling in areas with limited electricity, has raised $11mn in Series A funding to expand its local assembly operations and reduce end-user prices.
Austria's OMV fires senior exec for Russian espionage
Austrian energy and chemicals group OMV has fired a long-serving executive over suspicions of espionage for Russia, and Vienna has summoned a Russian diplomat in connection with the case.
Word leaks of $43bn US-Turkey LNG deal ahead of Trump-Erdogan meeting at White House
Agreement would cover imports through 2045.
Serbia to sign new gas supply deal with Russia in October
Serbia, which imported about 3bn cubic metres of Russian gas in 2024, remains among the most energy-dependent countries in Europe.
COMMENT: Uncertainty and geopolitics plague Russia’s negotiations with China on gas supply deals
China is now the only potential buyer of Russian Arctic gas and the only customer with the capacity to absorb significant amounts of gas from the Yamal Peninsula, home to some of the country’s largest reserves.
Global Alliance commits $7.5bn to clean energy in developing world
Analysts have repeatedly warned that clean energy investment in developing economies such as Afghanistan, but excluding China, remains dangerously below levels required to meet international climate objectives.
UAE-based Dragon Oil signs Iraqi oilfield services deals
Dragon Oil has signed two MoUs relating to its expanding oil activities in Iraq
Civilians beheaded in renewed insurgent attack near Mozambique’s gas hub
Insurgents believed to be linked with the Islamic State struck a northern Mozambique port town on September 22, killing and beheading civilians in an assault that highlighted gas-producing region Cabo Delgado’s persistent security crisis.
Mexico and Canada close ranks ahead of USMCA review
Mexico and Canada have stepped up efforts to consolidate their bilateral relationship in anticipation of the 2026 review of the United States-Mexico-Canada Agreement.
China, Russia dominate NPP new-builds, but global growth pace slowing
A record level of global nuclear power production in 2024 will be difficult to sustain without fresh investment as ageing fleets, project delays and competition from cheaper renewables bite, the World Nuclear Industry Status Report said.
Greenpeace says Ikea suppliers driving destruction of Romania’s ancient forests
Illegal logging is a "systemic problem in forest governance and timber markets" in the region, Greenpeace's head of biodiversity tells bne IntelliNews.
TotalEnergies secures four exploration permits offshore Liberia
France’s energy supermajor TotalEnergies has signed Production Sharing Contracts (PSC) for four deepwater blocks offshore Liberia, marking the company’s return to frontier exploration in West Africa.
New Fortress Energy and Puerto Rico agree on long-term LNG supply deal
US firm New Fortress Energy has inked a 7-year LNG supply deal with the Puerto Rico Public-Private Partnerships Authority and the Third-Party Procurement Office.
US presses India on Russian oil in trade talks
The United States has raised India’s oil purchases from Russia as part of ongoing trade negotiations, even as Indian refiners continue to increase such imports to meet domestic demand
Washington reportedly refusing to apply sanctions waiver to Iraq-Turkmenistan-Iran gas supply deal
Washington has reportedly rejected Iraq’s request for a sanctions waiver that would allow it to import gas via pipeline under a swap arrangement involving Turkmenistan and Iran.
ReconAfrica upsizes offering to $13.2mn to advance Gabon, Namibia projects
ReconAfrica has upsized its underwritten public offering to $13.2mn to advance exploration on its offshore Ngulu Block in Gabon and continue drilling at the Kavango West-1X well in Namibia.
Democratic Senators push Trump to ramp up targeted sanctions on Russian LNG
Calls are mounting by Democratic senators for US President Donald Trump to increase targeted sanctions on Russia’s LNG sector.
Iran delivers high efficiency gas turbines to Russia to replace sanctioned Siemens equipment
The extreme sanctions imposed on Russia have hit industrial sectors the hardest, which have been almost entirely dependent on imports of high quality foreign made machinery for almost all of the last three decades since the fall of the Soviet Union.
South Sudan officials diverted $2.2bn from Oil for Roads scheme, UN report finds, citing “systemic” corruption
A UN inquiry on South Sudan finds systemic corruption and fiscal mismanagement – and falling oil output – are driving hunger, economic collapse, and a worsening human rights crisis.
EU passes nineteenth sanctions package, accelerates LNG phase out
The European Commission has published proposals for a 19th sanctions package against Russia that would tighten curbs on energy trade and payments, with new measures aimed at oil refineries, oil traders and petrochemical companies in third countries.
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