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FT uncovers $90bn Russian oil network linked to Azeri businessmen and Rosneft
A smuggling network that has moved at least $90bn worth of Russian oil since the imposition of Western sanctions has been uncovered following what the Financial Times described as an IT error linking dozens of entities through a shared mail server.
Qatari Al Mana Group plans to build $15.6mn biodiesel plant in Egypt
Iran, Azerbaijan discuss co-operation on Caspian field
Iran and Azerbaijan plan to work together on the development of a hydrocarbon field in the Caspian Sea, signalling a potential thaw over the disputed reservoir.
Vietnam accelerates shift to E10 biofuel
Vietnam is preparing to introduce E10 biofuel nationwide from June 1, with fuel suppliers and refiners stepping up efforts to guarantee adequate supply, infrastructure and technical readiness ahead of the transition.
Cambodia reviews 800MW French hydropower development proposal
A French state-owned energy company is exploring the possibility of developing an 800-megawatt hydropower project in Cambodia, with estimated investment costs of around $1.2bn.
Iran hails record gas extraction from South Pars under sanctions
Iran’s Oil Minister Mohsen Paknejad praised an all-time high of daily extraction of 730mn cubic metres (mcm) of natural gas from the colossal South Pars field.
Parex Resources bids $500mn for Frontera Energy's Colombia assets, topping GeoPark offer
Canada's Parex Resources submitted an all-cash $500mn proposal to acquire Frontera Energy's Colombian upstream operations, trumping GeoPark's January agreement by $125mn and offering an additional $25mn contingent payment plus debt assumption
Trump administration intensifies Cuba embargo as energy crisis deepens humanitarian concerns
The Trump administration has accelerated economic pressure on Cuba through an enhanced petroleum embargo threatening tariffs on countries supplying oil to the island following Mexico's suspension of fuel shipments
Cuba's oil reserves risk running dry by March as garbage crisis engulfs Havana
Cuba faces depletion of its oil reserves by mid-March unless supply vessels arrive, energy expert Jorge Piñón warned, as only 44 of Havana's 106 rubbish trucks remain operational and waste piles accumulate across the capital amid a US fuel blockade
VMOS pipeline begins horizontal drilling under Argentina’s Río Negro
Construction of the Vaca Muerta Oil Sur (VMOS) pipeline reached a key milestone on Monday as works began to cross the Río Negro through Horizontal Directional Drilling (HDD), provincial authorities said.
Think tank lists Iranian ports, energy hubs as potential targets of US strikes
A pro-war US think tank has published a list of Iranian civilian infrastructure, including ports and major energy facilities, that it says could be targeted in a potential American strike on Iran.
Argentina extends RIGI to 2027, adds new oil and gas projects
The government of President Javier Milei extended by one year the deadline to join its large investment incentive scheme and expanded its scope to include new onshore oil and gas developments, setting a minimum investment threshold of $600mn.
YPF CEO says shale investment safe from oil price drop as Vaca Muerta drive intensifies
YPF SA is setting aside funds to sustain investment in Argentina’s fast-growing Vaca Muerta shale basin even if oil prices fall this year, Chief Executive Horacio Marín said.
Argentina's Vaca Muerta oil output hits record 610,720 bpd in January
Argentina’s Vaca Muerta shale formation produced a record 610,715 barrels per day of oil in January 2026, marking a 32.01% year-on-year increase and underscoring the growing weight of non-conventional output in the country’s energy matrix.
Quintana Energy, TSB advance Vaca Muerta exploration in Mendoza with $44mn plan
Quintana Energy and TSB are carrying out a $44mn unconventional pilot plan in the Cañadón Amarillo block in Mendoza province, deploying 3D seismic surveys over 202.5 square kilometres.
Egypt accelerates upstream, LNG and renewables drive under 2026 energy strategy
Following recent gas supply shortages, Egypt is accelerating exploration, expanding LNG capacity, upgrading infrastructure and increasing renewable energy to rebuild surplus production and strengthen its role as a regional energy hub.
KBR awarded major contract to manage Iraq’s Majnoon oil field
US-based engineering firm KBR has been awarded a major contract by Basra Oil Company (BOC) to provide Integrated Field Management Services (IFMS) for the Majnoon oil field in southern Iraq
Turkmenistan says its gas production contracted by 1.4% in 2025 to 76.5 bcm
Turkmenistan’s natural gas production eased by 1.4% y/y to 76.5bn cubic metres (bcm) in 2025, according to official data published by state-controlled newspaper Neutral Turkmenistan.
Iran drills 116 oil & gas wells in 11 months, state driller says
The National Iranian Drilling Co. (NIDC) drilled 116 oil and gas wells in the first 11 months of the current Persian calendar year starting on March 21, posting a 23% growth compared with the same period last year, official said.
Argentina’s rising gas exports poised to reshape regional market, Fitch says
Argentina’s expanding natural gas production and new pipeline infrastructure could accelerate exports from the Vaca Muerta basin and reshape regional energy markets, Fitch said in a report.
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