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US refiners weigh direct Venezuelan crude purchases to lift margins
The shift follows January approvals that allowed trading houses Trafigura and Vitol to export Venezuelan crude under a $2bn bilateral framework
Venezuela bonds hover in low 40s as oil recovery bets clash with heavy risks
Prices imply investor optimism about recovery, even as the macroeconomic backdrop remains weak, marked by scarce official data and an external debt burden described as extreme
Trump’s Venezuela oil push runs into big oil’s aversion to risk
The standoff reflects a deeper misreading of how the modern oil industry operates. Far from the swashbuckling image of early 20th-century wildcatters, today’s oil majors prioritise stability, scale and predictable returns
Ecuador files three trade complaints against Colombia at Andean community over reciprocal tariffs
Nigerian President Bola Tinubu signs executive order aimed at curbing wasteful spending in the oil and gas sector
Nigerian President Bola Tinubu has signed an executive order aimed at preventing wasteful spending in the oil and gas sector, removing overlapping structures and making sure resources are allocated for the benefit of Nigerians.
Mauritius secures $151mn financing for Qair Stor’Sun solar storage project
Mauritius has secured MUR7bn in financing for Qair’s Stor’Sun solar-plus-storage project, a flagship initiative aimed at boosting renewable capacity, improving grid stability and reducing reliance on imported fuels.
Trump mulls attack on Iran as energy markets brace for conflict
Tensions between the US and Iran look ready to boil over into outright war as President Donald Trump continues to pile on the pressure.
Revival of oil flows from Venezuela has started
Tankers carrying Venezuelan crude are once again moving into commercial trade lanes, delivering barrels to US Gulf Coast refineries and, through commodity traders, to Europe and potentially beyond.
Kuwait's GDP grows 2.8% in first nine months of 2025
Iran’s petchem chief laments low feedstock share
Iran’s deputy oil minister criticised the small share of crude oil and natural gas allocated to the petrochemical sector, saying most of the country’s hydrocarbons were turned into fuel rather than higher-value products.
UAE's Mubadala Energy acquires stake in Egypt's Nargis offshore concession
Mubadala Energy has completed its acquisition of a 15% participating interest from Eni in the Nargis offshore concession, an exploration block located approximately 50km off Egypt's coast in the Eastern Nile Delta basin.
Brazil prosecutors seek suspension of Petrobras' Amazon Basin drilling licence
Brazil's Federal Public Prosecutor's Office has recommended that environmental regulator Ibama suspend parts of the environmental licensing process for state-owned oil company Petrobras oil exploration in the Amazon River Mouth Basin.
Nigeria and IEA sign pact to cut methane emissions, expand clean cooking access
Nigeria has signed a Memorandum of Understanding with the International Energy Agency (IEA) to reduce methane emissions, expand gas infrastructure and support clean cooking access for five million households by 2030
Canada’s pipeline players riding high on gas, power demand
Pipeline companies Enbridge and TC Energy both beat analyst expectations with their fourth-quarter earnings.
Nigerian energy company Oando seeks to list 4.4bn shares in $163.99mn rights issue
Nigerian energy company Oando Plc (NGX: OANDO) has applied to the Nigerian Exchange to list 4.4bn ordinary shares under a NGN220.79bn ($163.99mn) rights issue aimed at strengthening its balance sheet following a weaker 2025 performance.
Bolivia corruption probe deepens as ex-YPFB executive detained in Santa Cruz
Authorities in Bolivia have detained former hydrocarbons executive Gabriela Delgadillo as part of an expanding corruption investigation linked to state energy operations.
Iran pushes ahead with $181mn equivalent utility rollout in south as grid balance tightens
Iran commissioned roughly $181mn in new water and power infrastructure in Khuzestan Province and launched a further IRR130trn in projects, stepping up efforts to reinforce utility networks in one of the country’s main industrial hubs.
Brazos Midstream to expand Midland Basin gas-gathering system
Brazos Midstream has announced that it was “significantly” expanding its natural gas gathering and processing system in the Permian’s Midland sub-basin.
Ovintiv to sell Anadarko Basin assets for $3.0bn
Denver-based Ovintiv has agreed to sell its Anadarko Basin assets in Oklahoma to an unnamed buyer for $3.0bn in cash.
Guatemala's biggest ever power tender draws 51 bidders with triple the requested capacity
Philippines opens 18 coal blocks for bidding
The Philippines' Department of Energy will proceed with a competitive bidding round for new coal development areas on February 27.
Exxon lines up four Stabroek projects as Guyana output push continues
ExxonMobil is advancing a pipeline of developments in the Stabroek Block offshore Guyana that would add well over 900,000 bpd of new production capacity between now and 2029, with three projects already approved and a fourth in planning
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