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Argentina seeks to halt US court discovery process in $16bn YPF dispute
Argentina has filed a motion with a New York court to suspend proceedings in which plaintiffs are attempting to identify national assets that could be seized if a ruling ordering the state to pay $16.1bn is upheld.
Guyana records 260 oil lifts during 2025
Guyana advances governance framework for petroleum sector
Woodside invests $884mn in Mexico's deepwater Trión field
ADNOC, Taqa sign 27-year utilities agreement in UAE
The Abu Dhabi National Oil Company (ADNOC) and Taqa (Abu Dhabi National Energy Company) have signed a 27-year agreement for the supply of important utilities to the Ta'ziz Industrial Chemicals Zone located in Ruwais.
Cox secures financing to complete Iberdrola Mexico acquisition
Nigeria's Oranto Petroleum says licence revocation by Senegalese government was unjustified
The Ministry of Energy and Petroleum of Senegal has formally withdrawn the licence for the Cayar Offshore Shallow block held by a privately owned Nigerian oil and gas exploration and production company Oranto Petroleum.
IMF warns Suriname's policy slippages threaten stability ahead of oil boom
The International Monetary Fund warned on January 28 that fiscal and monetary policy slippages in Suriname have eroded earlier progress towards macroeconomic stability, just as the small South American nation gears up for large-scale oil production.
Nigeria’s $359mn power sector bond sees full subscription
Nigeria has secured full investor subscription for its NGN501bn ($359mn) inaugural power sector bond, a move aimed at resolving long-standing debt in the electricity market
Empower New Energy launches solar-battery plant to power Nigerian rice mill
Empower New Energy has inaugurated a hybrid solar and battery storage facility at the UMZA Rice and Oil Mill in Kano
Chevron and NNPCL target 146,000 bpd from Nigerian offshore discovery
Chevron Nigeria and Nigerian National Petroleum Company Ltd (NNPCL) plan to increase crude oil output by up to 146,000 barrels per day following the successful completion of the Awodi-07 well.
Africa REN launches West Africa’s first large-scale solar-battery facility in Senegal
Independent power producer Africa REN has launched what it says is West Africa’s first utility-scale solar-plus-battery energy storage facility in Senegal, combining a 16-MWp solar park with a 10-MW/20-MWh battery system
Chevron nears deal to divest Singapore assets
Chevron is aiming to finalise the sale of its oil refining, storage, and retail marketing assets in Singapore in the first quarter, as the US major presses ahead with a broader effort to streamline its downstream portfolio in Asia.
Woodside shares rise on record output and strong revenues
Woodside reported record 2025 production and stronger-than-expected fourth-quarter revenue, lifting its shares, but flagged lower output in 2026 due to planned maintenance and project timing.
Trump's Venezuela oil plan threatens Mexico's Pemex production, exports
Both countries primarily produce heavy sour crude.
Venezuela courts oil majors, service firms
This comes as legislative changes are mulled.
US control of Venezuela oil risks debt clash with China
American oversight of Venezuelan petroleum exports has trapped oil cargoes that Beijing was using to service debt, potentially creating a superpower confrontation that could complicate the South American nation's path out of default.
ADNOC leases out Singapore fuel oil storage for first time
The global trading arm of Abu Dhabi National Oil Company (ADNOC) has leased fuel oil storage capacity in Singapore for the first time, in a move aimed at expanding its trading activity and strengthening its presence in Asian markets.
Inpex works on faster development of Indonesia's Abadi LNG project
Japan’s Inpex is working to bring forward the development of its Abadi LNG project in Indonesia after Jakarta asked the company to speed up the long-delayed scheme to help meet rapidly rising domestic gas demand.
Australian, Timor-Leste leaders call for faster development of Greater Sunrise gas field
Australian Prime Minister Anthony Albanese and Timor-Leste Prime Minister Xanana Gusmao said on January 28 they want the long-delayed Greater Sunrise gas project to move ahead as quickly as possible.
Zimbabwean power company Zesa Holdings signs 25-year PPA with IPP Vungu Solar
Zimbabwe’s state-owned power utility has signed a 25-year power purchase agreement (PPA) with Vungu Solar (Pvt) Ltd for a 30-megawatt (MW) power plant to be built in central Zimbabwe.
Venezuela receives additional $200mn from hydrocarbon sales
South Africa’s IDC seeks buyers for 10.2% stake in Namibia’s Rössing Uranium
South Africa’s Industrial Development Corporation has invited expressions of interest to acquire its 10.2% stake in Namibia’s Rössing Uranium mine, one of the world’s longest-running uranium operations.
ExxonMobil targets bringing more CCS projects online in 2026
ExxonMobil has provided an update on its progress in the carbon capture and storage (CCS) space, including milestones reached in 2025, as well as plans for 2026.
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