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Latin American oil leaders will not be dislodged by Venezuelan comeback, says Rystad
Latin America’s oil landscape is entering a pivotal phase, with Argentina, Guyana and Brazil set to drive most of the region’s production gains in 2026 even as Venezuela edges back into international markets.
Saudi Arabia names Fahad Al-Saif as investment minister replacing Al-Falih
Saudi Arabia replaces investment minister Khalid Al-Falih with Fahad Al-Saif as $925bn wealth fund PIF prepares new five-year strategy under Vision 2030 reset.
Newfoundland mayor pumps brakes on proposed LNG plant
The mayor of Fermeuse, Newfoundland is cautioning against getting too far ahead in proposed plans for a potential LNG facility in the tiny town on Canada’s east coast.
UAE’s Emarat appoints new CEO
Emirates Petroleum Company (Emarat) has appointed former senior Emirates National Oil Company (ENOC) official Burhan Al Hashemi as its new CEO, signifying a change in direction as the company continues to expand, according to Trade Arabia.
SM Energy reportedly seeking buyers for Eagle Ford gas assets
SM Energy has reportedly launched a sales process for some of its natural gas-producing assets in the Eagle Ford shale in South Texas.
Verde suspends gas-to-gasoline project in Permian Basin
Verde Clean Fuels said last week that it was suspending development of a natural gas-to-gasoline plant in the Permian Basin.
ConocoPhillips to focus on cutting costs after posting lower earnings
ConocoPhillips has said it will seek to cut capital and operating costs by $1bn in 2026.
Chile approves 190 MWp Don Patricio solar project with 200 MW battery storage
Chile has granted environmental approval for the Don Patricio Solar Photovoltaic Park, a 190.7 MWp project with an accompanying 200 MW battery energy storage system (BESS).
Libya plans to tap into solar to power its ambitious oil and gas projects
Solar energy is increasingly being promoted in Libya as a means of supporting hydrocarbon development while also laying the foundations for a cleaner energy future.
Iran’s gas exports to Turkey rise 16% despite renewed US pressure
Iran’s natural gas exports to Turkey climbed by 16% in 2025 to 8.17bn cubic metres (bcm) last year amid mounting US pressure.
India’s Bajel Projects wins $44mn contract for 765-kV transmission corridor
Bajel Projects has secured an ultra-mega domestic engineering, procurement and construction contract worth more than $44.mn to develop a critical stretch of India’s high-voltage transmission backbone.
Ceigall India wins 220-MW solar-plus-storage mandate in Madhya Pradesh
Ceigall India has secured a letter of award from Rewa Ultra Mega Solar Limited for the development of a 220-MW solar project coupled with battery storage at Morena Solar Park in Madhya Pradesh.
India’s Bondada Engineering expands solar footprint with 69.5-MWp rollout
The projects, delivered for clients including Paradigm IT, Maharashtra State Power Generation Company Limited (MAHAGENCO) and NLC India Limited, span multiple sites in Hingoli, Achalpur, Bhusawal and Vaijapur in Maharashtra and Tamil Nadu.
Nigeria signals fresh 2026 licensing round as Africa eyes $50bn energy investment
Africa is set to attract up to $50bn in energy investment in 2026, with Nigeria preparing a fresh licensing round as part of a rapid expansion of upstream opportunities
Omani crude values climb in latest trading sessions
The Omani petroleum industry experienced further upside on the February 11 trade in the Gulf Commodities Exchange.
Nigeria’s Dangote refinery threatens legal action against individuals claiming it imports petrol
Nigeria’s 650,000 bpd Dangote Refinery says it has identified individuals who had claimed the plant was importing petrol, calling the allegation “misleading” in a statement made on February 9.
Libya awards oil and gas exploration licences in first bid round since 2007
Libya has awarded new oil and gas exploration licences to major international energy companies, including Chevron (NYSE: CVX), Eni (BIT: ENI), QatarEnergy (state-owned), and Repsol (BME: REP), in its first bid round in nearly two decades.
Nigeria’s Port Harcourt refinery could restart operations in one week, PENGASSAN president says
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has revealed that rehabilitation work on the country’s 210,000 barrels per day Port Harcourt refinery is 90% complete, and that the plant could be returned to service.
MOL partners with Repsol, TPAO in Libya
MOL has entered Libya through a partnership with Spain’s Repsol and Turkey’s TPAO, following the country’s first oil and gas licensing round since 200
MedcoEnergi secures offshore Malaysia PSC from Petronas
PT Medco Energi Internasional Tbk (MEDC), the oil and gas producer controlled by the Panigoro family, has strengthened its global presence after securing the operatorship of the Cendramas Production Sharing Contract (PSC) offshore Malaysia
Indonesia’s output cuts set to reshape China’s coal market in 2026
China’s coal production is forecast to edge higher in 2026, but at the slowest pace seen in a decade, a development closely tied to Indonesia’s policy moves
Twenty nine global banks decline to fund Papua LNG project
Twenty-nine international banks and export credit agencies have stepped back from financing a major liquefied natural gas (LNG) development in Papua New Guinea, citing environmental, climate and human rights risks
Indian Railways diesel use drops 62% as electrification accelerates
Indian Railways reduced diesel consumption by about 1.78bn litres in 2024-25, achieving a 62% reduction compared with 2016-17
Meralco requests $9.15bn for Philippine power grid upgrades
Manila Electric Co. (Meralco) has submitted a formal proposal to the Energy Regulatory Commission to recover approximately PHP532.13bn (approximately $9.15bn) from its customer base.
Romania to place Lukoil’s local assets under extended state supervision
Romania’s Ministry of Energy has recommended placing the local entities owned by Russia’s Lukoil group under an extended state supervision regime, to protect national processing capacity and prevent disruptions on the fuel market.
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