Latest Stories

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.

Argentina’s Río Negro to build largest fractionation plant for Vaca Muerta gas

Argentina’s Río Negro province will build the country’s largest onshore gas fractionation plant to process output from Vaca Muerta, as part of the Argentina GNL project, Governor Alberto Weretilneck said.

Egyptian oil firm GUPCO invests $516mn in exploration and infrastructure upgrades

Egyptian Gulf of Suez Petroleum Company (GUPCO) plans to invest $516.5mn during FY 2026/27 in exploration, development activities and operating expenditure, alongside key infrastructure upgrades

Ukraine faces lengthy, costly repairs to power grid after Russian strikes

Ukraine will need months and millions of euros to repair energy infrastructure damaged by repeated Russian strikes, with electricity shortages persisting in some regions.

US and Russia hold reported talks on Nord Stream revival

The United States is continuing negotiations with Russia that could include the possible revival of the Nord Stream gas pipelines under US supervision, in a move that would mark a sharp shift in Washington’s long-standing opposition to the project.

Saipem wins $500mn Aramco offshore pipeline contract in Saudi Arabia

Saipem has secured a $500mn Aramco contract to install a 65km offshore trunkline at the Safaniya field, adding to billions in Saudi offshore awards won by the Italian contractor in recent years.

IntelliNews Lambda: Germany slipping into gas crisis, EU will struggle to restock this summer

Europe’s gas market has been pushed back into a vulnerable position after a cold winter drained storage to well below seasonal norms, setting up a difficult test for summer refilling. Germany is already into crisis territory, but coping for now.

Nigerian GenCos warn power market near collapse over $4.61bn debt and 7,000MW stranded capacity

Nigeria’s power generation companies warn the electricity market is on the brink of collapse, citing more than $4.61bn in unpaid invoices and the non-recognition of capacity payments that they say has left 7,000MW of installed capacity stranded.

Mexican president's U-turn on fracking tests green credentials as energy sovereignty takes priority

Nigeria’s Tinubu defends executive order on oil revenues as constitutional safeguard

Nigeria’s presidency has defended Executive Order 9 (EO9) as a constitutional measure to protect federation oil and gas revenues

Brazil begins formal process to join IEA as full member

Brazil has launched the formal accession process to become a full member of the International Energy Agency (IEA) after a unanimous decision by ministers at the agency's biennial ministerial meeting in Paris on February 19.

Brazil's ANP shuts down Vibra fuel base after ethanol tank explosion leaves one injured, two missing

Brazil's oil and gas regulator ANP has shut down Vibra Energia's fuel distribution base in Volta Redonda, Rio de Janeiro state, after an explosion and fire broke out in one of the facility's ethanol storage tanks in the early hours of February 22.

Oman electricity demand to grow 7.2% annually to 2031

Power demand in the Sultanate of Oman is projected to rise strongly through 2031, supported by economic growth and new industrial and commercial developments, according to Nama Power and Water Procurement Company.

Gulf Energy secures UAE rig as Kenya’s Lokichar oil project targets first production

Gulf Energy, the Kenyan oil company that took over the Turkana oil project last year, has leased a $15mn oil rig from the United Arab Emirates to drill wells in the South Lokichar Basin

Kazakhstan notifies Washington on pre-emptive right to acquire Lukoil assets

Kazakhstan has formally notified Washington that it holds a pre-emptive right to acquire the domestic assets of Russia’s sanctioned oil group Lukoil.

Egyptian General Petroleum plans to drill 66 wells with $167.5mn investment in 2026/27

Egypt’s General Petroleum Company (EGPC) plans to drill 66 wells, including 8 exploratory wells, with a total investment exceeding EGP 8bn ($167.5mn) as part of its strategy for FY 2026/27

Mozambique's government says sovereign wealth fund will make economy more resilient

Mozambique’s natural gas-backed sovereign wealth fund has accumulated about $116.8mn as of February 10, following initial deposits made late in 2025.

Developers of Kashagan oil field launch arbitration proceedings against Kazakhstan to contest $5bn environmental fine

International oil companies developing Kazakhstan’s giant Kashagan field have reportedly launched arbitration proceedings to contest a $5bn environmental penalty over alleged breaches of sulphur storage limits at a processing facility.

Angolan firm Azule Energy starts oil production at deep-sea project Ndungu

Angolan oil company Azule Energy, a JV between BP and Eni, has started production at its offshore Ndungu field in the southwestern African nation.

Philippines approves European-backed offshore wind grid access

Balkan countries to join US summit on gas security

Twelve European countries, including key Balkan nations, are expected to sign a strategic deal with the United States to boost natural gas security and stabilise prices in Central and Eastern Europe.