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Bosnia’s Stanari coal plant aims to run until 2050
Bosnia & Herzegovina’s privately owned Stanari coal-fired power plant is expected to operate until 2050.
Nigeria electricity shortage worsens as GenCos’ $2.1bn debt chokes gas supply
Nigeria’s electricity crisis is set to worsen as gas suppliers threaten to halt deliveries to thermal power plants over $2.1bn in unpaid fuel debts, pushing national power generation below 4,000MW and exposing deep financial strains sectorwide.
Gas injection begins at Brazil’s Petrobras P-78
Petrobras has started gas injection on the P‑78 FPSO, 61 days after first oil was recorded on December 31, 2025. The step, reached on March 2, 2026, moves the vessel closer to full operations and adds capacity at the Búzios field.
ExxonMobil's seventh Guyana oil project moves forward as ABL wins marine survey contract
Mexico to host world's largest ultra-low emissions methanol plant in $3.3bn Sinaloa project
Qatar LNG disruption triggers force majeure declarations from Shell and Omani supplier
Shell and Oman's OQ declare force majeure on LNG contracts with Asian buyers after a drone strike shut down Qatar's Ras Laffan facility, the world's largest LNG export terminal.
Iran warns US against invading Persian Gulf's Kharg Island
Iran’s parliament speaker has issued a stern warning to the United States against attacking Iranian islands in the Persian Gulf, amid speculation about a potential occupation of Kharg Island, which houses the country’s main oil export terminal.
US LNG exporters to benefit from Middle East disruptions, but not to replace lost supply
US LNG producers stand to benefit from disruption in the Middle East but cannot immediately replace lost supply.
Fitch upgrades its oil price outlook to $70
Oil markets are facing renewed geopolitical uncertainty after the outbreak of conflict involving Iran and the effective closure of the Strait of Hormuz, prompting rating agency Fitch to revise its near-term energy price outlook upwards.
Brazil output jump from Lapa start-up
TotalEnergies has started production at the Lapa South-West development offshore Brazil. The project is expected to raise output from the Lapa field by about 25,000 barrels per day to roughly 60,000 barrels per day.
Brazil's Raizen strikes record $12.6bn out-of-court debt restructuring deal
Brazilian sugar and ethanol producer Raizen, a joint venture between oil major Shell and conglomerate Cosan, has reached an out-of-court agreement with creditors to restructure approximately BRL65.1bn ($12.61bn) in debt.
Brazil’s biodiesel turns cheaper than imported diesel, fuelling debate over higher blend mandate
Biodiesel has fallen below the price of imported diesel in Brazil and the farming lobby is calling for a higher mandatory blending ratio as surging oil prices due to the Iran war squeeze margins for soy producers harvesting a record crop.
Middle East conflict poses price risk for Brazilian gas, analysts warn
The conflict in the Middle East does not pose immediate risks to Brazil's natural gas supply but could push up fuel prices in the country as distributor contracts tied to Brent crude come under pressure, according to analysts and industry groups.
Egypt targets $2.3bn in gas investments to boost production
Egypt is currently planning aiming to attract investments worth $2.3bn in its natural gas sector during FY 2026/27, as part of efforts to boost production and secure domestic energy supplies
Brazil adds 5 MW solar plant in Minas Gerais
TTS Energia has won an auction to build a 5-megawatt photovoltaic facility in Jequitibá, in the state of Minas Gerais, under a contract with Cemig SIM, a subsidiary of Cemig.
Ukraine plans energy restoration and expansion with €5bn partner support
Ukraine plans to restore a large portion of power generation capacity damaged during Russia’s invasion while building new facilities and seeking billions of euros in international financing to strengthen its energy system before future winters.
Middle East war rocks Latin America
The Middle East war is the largest disruption to global oil output ever, and the jitters are rumbling through Latin America.
Frontera proposes selling upstream Colombian assets to Parex, not GeoPark
Frontera Energy’s proposed sale of its Colombian upstream oil and gas assets has shifted course after the company determined that a competing offer from Parex Resources represents a “superior proposal” to the transaction with GeoPark.
Bolivia weighs gas expansion as reserves decline and prepares fuel price review
Bolivia’s government is facing mounting pressure to revive hydrocarbon production as output falls to its lowest level in two decades, prompting authorities to consider new exploration projects.
Trump announces first US refinery to be built in 50 years
US President Donald Trump announced this week that America First Refining would build the US’ first new oil refinery in 50 years, with India’s Reliance Industries Ltd (RIL) providing financial backing.
Nigeria's NNPCL posts 47% drop in revenue, but growth prospects remain strong
The Nigerian National Petroleum Co. Ltd. (NNPCL) has recorded a significant decrease in revenue for the start of 2026, dropping to $1.8bn in January from $3.4bn the previous month.
Nigeria cancels petrol import licences
Petrol import licences have now been suspended for a second month in Nigeria as regulators begin to enforce elements of the Petroleum Industry Act (PIA) that ensure imports are allowed only when domestic supplies are lacking.
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