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BP sells stakes in Brazil, US Gulf exploration blocks to Shell
BP has agreed to sell part of its ownership in an offshore exploration block in Brazil and five leases in the US Gulf to Shell.
Japan picks fusion start-up Helical for state-backed power demonstration
Japanese fusion company Helical has been selected as a conditionally approved project operator under the Ministry of Economy, Trade and Industry's FY2025 supplementary grant scheme for demonstrating fusion energy power generation.
Bangladesh's fossil fuel import bill may rise by $2.8bn in 2026
Bangladesh’s fossil fuel import bill could increase by as much as $2.8bn in 2026, putting further pressure on the economy as disruptions to energy supplies expose the country’s heavy dependence on imported fuels
Grab eyes EV charging expansion and digital support in Cambodia
Grab is exploring wider EV charging access and digital support for Cambodian businesses and drivers.
Philippines' Meralco steps up anti-pilferage drive to protect supply
Manila Electric Co (Meralco), the largest private power distributor in the Philippines, is stepping up efforts to tackle illegal electricity connections to protect grid stability.
Chevron’s long Venezuela bet finally pays off with $7bn oil deal
Chevron’s two-decade decision to remain in Venezuela while rivals exited is now yielding a potentially major payoff, with a new agreement giving the US oil giant access to billions of barrels and extending its operations into the 2040s
Machado demands transparency from US-Venezuela oil agreement
Opposition leader María Corina Machado criticised the recently announced US-Venezuela oil agreement, saying the lack of information surrounding the deal has fuelled concern over its consequences for the country
GeoPark enters Venezuela as Colombia's Gilinski takes control
GeoPark is entering Venezuela through the Bare heavy-oil block in the Orinoco Belt under a 25-year production participation contract with PDVSA Petróleo, while Grupo Gilinski is set to become the Colombian oil producer’s controlling shareholder
Venezuela signs oil, power deals with Chevron, Eni and GE Vernova
Venezuela signed a series of energy agreements with international companies as interim President Delcy Rodríguez hosted US Energy Secretary Chris Wright at the Miraflores Palace in Caracas
Venezuela military backs US oil deal as lawmakers endorse agreement
Venezuela’s military leadership endorsed a sweeping oil agreement with the United States, with Defence Minister Gustavo González López portraying the pact as a step towards economic cooperation and stability rather than a concession to Washington
Venezuela oil output seen surpassing 2mn bpd by 2030
Venezuela could more than double its oil production before the end of the decade as new investment flows into the country’s energy sector, US Energy Secretary Chris Wright said during a visit to Caracas
Rubio says Venezuela oil pact can help pave way for democratic vote
The US-backed overhaul of Venezuela’s oil industry is intended to do more than raise crude production, according to Secretary of State Marco Rubio
Trump’s Venezuela oil plan faces hurdle in refilling US strategic reserve
President Donald Trump says Venezuelan crude from a newly announced oil agreement will help replenish the US Strategic Petroleum Reserve, with the process of “topping out” expected to begin soon
Venezuela oil exports hold at 1.17mn bpd in August
The US remained Venezuela’s biggest market, but flows fell to about 553,000 bpd from a record 786,000 in July. India’s purchases climbed 66% month-on-month to roughly 297,000 bpd, while shipments to Europe nearly tripled to about 260,000 bpd
US Energy Secretary seeks more US investment in Venezuela
“We want to see a lot of investment from the United States in Venezuela to increase opportunities and prosperity for Venezuelans, Americans, and energy consumers,” Wright told reporters at Maiquetía International Airport
Impact of Russian fuel crunch on Mongolia described by Ulaanbaatar official at Eastern Economic Forum
A ministerial official has detailed the price hikes Mongolians are enduring at the pump as a consequence of the fuel shortages caused by waves of Ukrainian drone attacks on Russian refineries.
Summit takes FID on Double E compression project
Summit Midstream has taken a final investment decision on the previously announced mainline compression expansion project on its Double E pipeline.
Oneok to buy Brazos Midstream’s Midland Basin assets for $4.425bn
US midstream player Oneok announced on August 30 that it had agreed to acquire Brazos Midstream’s natural gas-gathering and processing assets in the Permian Basin’s Midland sub-basin for $4.425bn in cash.
US launches new attack on Iran
The US has moved to strike Iranian targets after a brief lull in fighting, with President Donald Trump calling the attacks a “love tap,” and noting that the US had hit Iran “very hard”.
Canada’s oil unaffected by latest tensions with US for now
Canada’s oil is not subject to the latest US tariffs but the escalating trade war could nonetheless prompt Ottawa to double down on diversifying export markets for Canadian crude.
Bulgaria extends waiver for Russian supplies to Kozloduy nuclear plant
Bulgaria's government has extended a waiver allowing its sole nuclear power plant, Kozloduy, to import iron and steel products from Russia needed to maintain its Russian-designed reactors.
EBRD, EU back Serbia’s €200mn smart meter rollout
More than 900,000 electricity customers in Serbia are now connected to smart meters as the country modernises its power distribution network with support from the EBRD and EU.
Slovenia’s energy self-sufficiency falls sharply to 82.8% in 2025
TotalEnergies completes Namibia Mopane deal, takes operatorship
TotalEnergies has completed its entry into Namibia’s giant Mopane oil discovery after receiving regulatory approvals, acquiring a 40% operated interest in offshore licence PEL83 from Galp and taking over as operator.
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