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Iranian petchem capacity output hits 100 mln milestone, oil minister says

Iran’s petrochemical production capacity has reached 100mn tonnes per year, a 3.8% surge over 18 months, Oil Minister Mohsen Paknejad said, amid significant feedstock shortages.

Ukraine plans to move parts of energy sector and defence industry underground

Ukraine is planning to relocate parts of its energy infrastructure and defence industry underground as part of its reconstruction efforts, seeking to better protect critical facilities from continued Russian attacks.

Extreme cold grips Ukraine as power outages follow Russian attacks

Ukraine braced for another day of extreme cold on February 2, with temperatures in some regions expected to plunge as low as minus 30 degrees Celsius, even as emergency power outages were imposed in the capital.

Iraq brings South Refineries FCC unit into full operation

Iraq has announced the successful commissioning of the Fluid Catalytic Cracking (FCC) unit at the South Refineries Company, marking the start of production of high-octane upgraded petrol as part of efforts to strengthen domestic fuel self-sufficiency

Chile battery build-out deepens as Engie links storage to flagship wind asset

Chile’s push to stabilise its fast-expanding renewables grid is gathering pace, with Engie Chile advancing a large-scale battery energy storage system (BESS) designed to smooth output from one of the country’s biggest wind farms.

Mexican coastal communities challenge US gas pipeline threatening fishing livelihoods

Residents from 15 coastal communities in the coastal Mexican state of Veracruz have filed legal challenges against the Southeast Gateway natural gas pipeline, alleging authorities failed to consult them before construction

Iraq allocates $4.56bn for solar energy system loans

Algeria extends deadline for 1.2GW Sonelgaz gas power plant tender

Algeria’s state-owned utility Sonelgaz has extended the bid deadline for its planned 1.2GW combined-cycle gas turbine (CCGT) power plant project.

ADNOC Distribution posts record $761mn net profit in 2025

ADNOC Distribution reported record 2025 net profit of $761mn, up 15.4% year-on-year, as the UAE fuel distributor expanded its network to 1,010 stations and grew its electric vehicle charging infrastructure by 83% amid strong demand across all busines

Equinor to divest Vaca Muerta onshore assets in $1.1bn deal

Equinor has agreed to sell its onshore assets in Argentina’s Vaca Muerta shale basin to Vista Energy, as the Norwegian group sharpens its international portfolio and shifts its focus in the country towards offshore exploration.

Archer agrees to sell southern Argentina workover business, refocus on Vaca Muerta

Archer has entered into an agreement to sell its workover business in southern Argentina to a local buyer, a move that would see the company concentrate its operations on the unconventional Vaca Muerta shale.

Rheinmetall launches 4.2MW solar park at Western Cape plant in South Africa

Rheinmetall has broken ground on a privately financed 4.2MW solar park at its Rheinmetall Denel Munition site in Somerset West, aiming to secure energy supply, cut emissions and support South Africa’s strained power grid.

Over 10 bidders line up for Argentina’s Neuquén–Río Negro LNG pipeline project

More than 10 companies are competing to build a gas pipeline linking Argentina’s Neuquén basin with the San Matías Gulf, a key piece of infrastructure for the country’s first liquefied natural gas export project.

First crude shipment in new pipeline from Argentina’s Neuquén Basin

Trafigura has completed its first crude oil export using Argentina’s newly commissioned Derivación pipeline, shipping a cargo from the Neuquén Basin to the United States and marking a milestone for the country’s oil export logistics.

Singapore charts pragmatic course towards a multi-fuel bunkering future

Just last year, alternative fuel bunkering at the Port of Singapore reached record levels. This was driven primarily by a sharp rise in LNG deliveries. In 2026, however, methanol is set to gain greater prominence.

Nigeria hands over Africa Energy Bank headquarters in Abuja to APPO ahead of this year's launch

Nigeria has formally handed over the fully furnished headquarters of the Africa Energy Bank to the African Petroleum Producers’ Organization (APPO).

India pivots to Venezuelan oil - Trump claims

Several times in recent months Indian officials have said there would be no succumbing to US sanctions on India’s preferred oil suppliers as all decisions would be made based upon India’s energy interests.

Tanzania launches $9.67mn electrification project in Njombe Region

Tanzania’s Rural Energy Agency (REA) has begun a project to electrify 218 sub-districts in Njombe Region, with a total budget of TZS 24.9bn ($9.67mn)

EU regulation banning Russian gas imports enters into force on February 3

The EU’s regulation to fully phase out natural gas imports from Russia under the REPowerEU plan will take legal effect on February 3, the European Commission..

Shell starts maintenance at Nigeria’s Bonga FPSO, cutting 225,000bpd output

Shell (LSE:SHEL) has begun a six-week turnaround maintenance programme at Nigeria’s Bonga FPSO, temporarily shutting in about 225,000bpd of oil and 150mn cubic feet per day of gas.

COMMENT: Trump’s Indian trade deal unlikely to cut Asia off from Russian oil

US President Donald Trump announced on social media that he was slashing tariffs on India from 50% to 18%, after cutting a new trade agreement that will see New Delhi reduce its imports of Russian crude oil dramatically.

Nigerian energy company Oando sees 2025 gross profit fall 82% to $20mn despite upstream expansion

Nigeria’s NNPCL launches Gas Master Plan 2026 to unlock $60bn investment potential

Nigeria’s state-owned oil company, NNPCL, has published its Gas Master Plan 2026, outlining a commercially focused roadmap aimed at converting the country’s gas reserves into economic value and attracting more than $60bn in new investment

Nigeria's Dangote Group secures expanded gas supply deals to power industrial growth

Three subsidiaries of Dangote Industries Limited have signed expanded Gas Sales and Purchase Agreements with subsidiaries of Nigerian National Petroleum Company Limited (NNPCL) to strengthen long-term gas supply for key industrial operations

India emerges as Guyanese oil buyer with South American country ramping up production

India imported approximately 297,000 barrels per day (bpd) of crude oil from Guyana in January, marking a re-entry of South American barrels into the country's supply mix as US sanctions on Russian oil force Asian refiners to secure alternatives.