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voltsdaily

Sunday, 27 September 2026

82 briefs so farlast update 23:03 UTC

Key points

  • Saudi crude diversions tighten tanker supply; VLCC rate reaches record USD 1.27 million.
  • West Texas Intermediate futures fall 2.3% on tentative US-Iran talk progress.
  • Iraq targets 10 million barrels per day in long-term oil expansion.
  • Trump advisers weigh US diesel export curbs as costs soar.

Oil & Gas

EU energy commissioner warns of worst winter since 2022 crisis

EU Energy Commissioner Dan Jorgensen warned that soaring prices and uncertainty over fuel supplies could leave the bloc facing its worst winter since the 2022 energy crisis.

European natural gas prices climbed from around EUR 27 per megawatt-hour, equivalent to USD 31, in January to more than EUR 80 per megawatt-hour in September, Event Registry reported. The September price was the highest in nearly four years, according to Event Registry.

Source: rt.com (opens in a new tab)2 sourcesPermalink

Policy & Geopolitics

Four killed in explosion at Elga coal deposit in Russia

An explosion at the Elga coal deposit in Yakutia, Russia, killed four people, Event Registry reported.

The prosecutor's office said the blast occurred during welding work at a backup pumping station.

Elgaugol said preliminary information indicated that a loss of pressure or a breach in the pumping station's water tank may have caused the explosion.

The regional Investigative Committee opened a criminal case over alleged safety violations that resulted in multiple deaths through negligence.

Source: ukrinform.net (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

European diesel premium passes USD 95 as Washington moves assets

European diesel’s premium to Brent crude climbed past USD 95 a barrel on Wednesday, according to Event Registry.

Event Registry also reported that Washington is drawing down in Europe and moving assets to the Middle East. Europe has been told it is responsible for fighting the Donbass war, the source reported.

Source: tapnewswire.com (opens in a new tab)2 sourcesPermalink

Policy & Geopolitics

OPEC 12 output rises as lower crude aids Nifty rebound

Event Registry reported that the OPEC Monthly Oil Market Report for September 2026 had been published, showing OPEC 12 output rose by 346 thousand barrels per day from July 2026 to August 2026.

The report recorded increases of 664 thousand barrels per day from Iraq, 54 thousand from the UAE and 49 thousand from Kuwait.

Event Registry also reported that the benchmark Nifty recovered more than 100 points from its intraday low as crude declined to around USD 104 per barrel and optimism grew over a potential US-Iran peace agreement.

Source: investmentguruindia.com (opens in a new tab)2 sourcesPermalink

Grid & Storage

India power-plant coal stocks fall to 22.9 million tonnes

Coal inventories at 190 thermal power plants in India fell to 22.9 million tonnes as of September 19, equal to about seven days of generation and 39% of normative stock, according to Central Electricity Authority data cited by Event Registry.

Event Registry reported that 74 Indian thermal power plants were in the critical category, up from 51 in August.

Coal India held around 76 million tonnes at pitheads in early September, Event Registry reported.

India's Ministry of Coal increased power-sector rake loading from 370 rakes to 444 rakes within a week in early September, according to Event Registry.

Source: indianpsu.com (opens in a new tab)1 sourcePermalink

Grid & Storage

Texas battery projects start commercial operations

The Houston IV battery facility in Houston, Texas, began operations on September 9, 2026, according to Event Registry. The project has 320 MWh of energy storage capacity and 160 MW of power capacity.

B2U Storage Solutions started commercial operations at its Bexar Martinez battery energy storage project in Texas, Event Registry reported. The facility will provide 28 MWh of grid services to ERCOT.

Source: wheninyourstate.com (opens in a new tab)2 sourcesPermalink

Markets

Goldman Sachs raises European LNG forecast to EUR 70/MWh

Goldman Sachs expects European LNG prices to average EUR 70/MWh in the fourth quarter, raising its earlier forecast of EUR 53/MWh.

The bank attributed the revision to the need for demand destruction caused by the recent rally to continue.

Persian Gulf LNG exports remain at around 15% to 25% of pre-war levels, according to Goldman Sachs.

The bank said European gas prices may need to rise further if LNG flows through the Strait of Hormuz do not improve.

Source: businesstoday.in (opens in a new tab)1 sourcePermalink

Oil & Gas

Oman signs three petroleum concession agreements with OQ Exploration and Production

Oman signed three petroleum concession agreements with OQ Exploration and Production covering Blocks 36, 43A and 66, Event Registry reported.

OQ Exploration and Production will operate all three concession areas under the agreements, according to Event Registry.

Event Registry said the initial exploration phase will run for three years, with an option for another three years. Production concessions may last up to 25 years following a commerciality declaration.

The three blocks cover more than 30,000 square kilometers, while minimum exploration work programs total about $56 million, according to Event Registry.

Source: gccbusinessnews.com (opens in a new tab)1 sourcePermalink

Markets

Los Angeles County gasoline price reaches USD 6.387 per gallon

Los Angeles County's average price for self-serve regular gasoline reached USD 6.387 per gallon, its highest level since Oct. 10, 2022, according to Event Registry.

The average remained 10.6 cents below the record on Saturday after rising for 39 consecutive days and gaining 74.5 cents, Event Registry reported.

The record average is USD 6.493 per gallon, set on Oct. 5, 2022, according to Event Registry.

Source: mynewsla.com (opens in a new tab)2 sourcesPermalink

Oil & Gas

Abuja petrol stays at N1,395 per litre despite crude, refinery declines

Petrol prices at NNPCL and MRS outlets in Abuja and surrounding areas remained at N1,395 per litre despite declines in crude prices and Dangote Refinery's wholesale petrol rate, Event Registry reported.

Abdulkadir Garba Yusuf, a political science graduate from Bayero University Kano, said he moved from earning ₦45,000 a month as a fuel pump attendant in Kano to securing a place on the Dangote Petroleum Refinery and Petrochemicals Graduate Trainee Programme, according to Event Registry.

Source: zalebs.com (opens in a new tab)2 sourcesPermalink

Oil & Gas

Pakistan shifts diesel freight to rail after road closures

Pakistan began transporting diesel by rail to Khyber Pakhtunkhwa after road closures ahead of an opposition march disrupted freight movement, according to the railways ministry.

The ministry said a freight train carrying 750,000 liters of diesel from Rawalpindi had reached Peshawar Division.

Another train carrying one million liters from Mahmood Kot was scheduled to arrive on Saturday night, the ministry said.

Source: arabnews.pk (opens in a new tab)1 sourcePermalink

Renewables

Pabineau and Eel River Bar work on Belledune energy projects

Event Registry reported that Eel River Bar and Pabineau First Nation are working with private-sector partners and the Port of Belledune on energy projects that are underway or under consideration.

A wood pellet plant will be developed by Pabineau, Eel River Bar, Arbec Forest Products and Airex Energy, according to Event Registry.

The Belledune green energy hub could also include a battery plant and a small nuclear reactor, potentially followed by a plant that builds and exports small modular reactors.

The Port of Belledune decided to retain its industrial role while adopting a green focus that also suited its Indigenous partners, Event Registry reported.

Source: ca.news.yahoo.com (opens in a new tab)2 sourcesPermalink

Renewables

SECI invites bids for 11.16 MW of rooftop solar

Solar Energy Corporation of India Limited (SECI) invited competitive bids for grid-connected rooftop solar PV projects totaling 11,159 kW, or 11.16 MW, Event Registry reported.

The capacity is distributed across five projects at client organizations or institutes, according to Event Registry.

The projects will use the RESCO model, with developers selected through a single-stage, two-envelope competitive bidding procedure, Event Registry reported.

Source: eqmagpro.com (opens in a new tab)2 sourcesPermalink

Markets

GCR lifts Dangote Industries ratings to AAA(NG), A1+(NG)

GCR Ratings upgraded Dangote Industries’ long-term and short-term issuer ratings by four notches to AAA(NG) and A1+(NG), respectively, according to Event Registry.

Dangote Group said both ratings carry a Stable Outlook.

GCR also upgraded three bond instruments issued by Dangote Industries Funding to AAA(NG), Event Registry reported.

Source: dailypost.ng (opens in a new tab)2 sourcesPermalink

Policy & Geopolitics

Moldova’s 60-day energy and hydrological emergency takes effect

A 60-day state of emergency in Moldova’s energy and hydrological sectors took effect on September 26, according to Event Registry.

Moldova’s parliament approved the measure on September 22.

The Moldovan government said the preventive measure followed a simultaneous increase in energy and water supply risks ahead of the cold season.

Source: armenpress.am (opens in a new tab)1 sourcePermalink

Renewables

Nepal’s 40 MW Rahughat hydropower project joins national grid

The 40 MW Rahughat Hydropower Project began generating electricity and connected to Nepal’s national grid in Myagdi district, Event Registry reported.

The project entered service through two 20 MW units on Wednesday, according to Event Registry.

Electricity reaches the national grid through the 220 kV Kaligandaki Corridor transmission line, Event Registry reported.

Source: abcnews.com.np (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

Tanker freight surge adds pressure to South Africa’s fuel costs

South Africa’s growing reliance on imported fuel is adding cost pressure as tanker freight rates rise amid Middle Eastern shipping disruptions, according to Event Registry.

The country is a net importer of petroleum products, and shipping expenses form part of the international costs used to calculate domestic fuel prices. Higher freight rates therefore raise imported fuel costs even when the underlying oil price is unchanged.

Source: businessday.co.za (opens in a new tab)2 sourcesPermalink

Transport

Nigerian states may miss October 1 transport-cost deadline

Event Registry reported strong indications that many Nigerian states may miss the October 1 deadline for President Bola Ahmed Tinubu's promised reduction in transport costs.

Abia State Governor Alex Otti rejected calls to restore Nigeria's petrol subsidy, arguing that limited resources should support production, infrastructure and the business environment, according to Event Registry.

Source: dailytrust.com (opens in a new tab)2 sourcesPermalink

Policy & Geopolitics

Clermont County sues Beckjord plant owners over alleged coal ash contamination

Clermont County is suing the owners of the former Beckjord Power Plant over alleged toxic coal ash contamination, according to Event Registry.

The federal lawsuit alleges that the owners violated the Resource Conservation and Recovery Act by storing coal ash in a way that allowed it to contact groundwater at the Beckjord property.

Well fields downstream of the coal ash ponds supply drinking water to approximately 145,000 residents, Event Registry reported.

The lawsuit seeks to compel the plant owners to clean up the coal ash and control the alleged contamination.

Source: wvxu.org (opens in a new tab)1 sourcePermalink

Oil & Gas

Absheron development targets 6 BCMA gas output by 2029

The Absheron Full Field Development will raise overall gas production to 6 BCMA and condensate production to 47,000 barrels per day, according to Event Registry

Event Registry said the project is expected to start up in 2029

Gas from the project will supply Azerbaijan's domestic market and be exported to Turkey, Event Registry reported

Source: investingnews.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

US and Nigeria sign mineral cooperation framework

Nigeria and the United States signed the agreement on Sept. 24 on the sidelines of the U.N. General Assembly, Event Registry reported.

The framework covers mineral exploration, geological information, development, processing, infrastructure and technical capacity, according to Event Registry.

The USD 700 billion figure is the Nigerian government's estimate of the potential value of the country's untapped mineral resources, not money received from the United States, Event Registry reported.

Source: theepochtimes.com (opens in a new tab)2 sourcesPermalink

Markets

Brent falls 2.8% as U.S. stocks post winning week

Brent oil fell 2.8% to USD 97.44 per barrel, according to Event Registry.

The decline eased pressure on Wall Street, helping U.S. stocks record their first winning week in the last three.

The S&P 500 and Nasdaq composite each gained 0.5%, while the Dow Jones Industrial Average rose 478 points, or 0.9%, Event Registry reported.

Source: ironmountaindailynews.com (opens in a new tab)2 sourcesPermalink

Oil & Gas

EU gas storage 70% full as Commission says supply stable

The European Commission and EU countries said gas supply remained stable despite storage levels being below historical norms.

Gas Infrastructure Europe data cited by Event Registry put EU gas storage sites at 70% full as of September 24. The typical late-August storage level in recent years was 80%, Event Registry reported.

Event Registry reported that industry analysts warned low storage levels raised the risk of volatile winter prices, particularly if extreme weather or unfavorable wind patterns increased energy demand.

Source: orientalnewsng.com (opens in a new tab)2 sourcesPermalink

Policy & Geopolitics

Saudi crude diversions tighten tanker supply; VLCC rate reaches record USD 1.27 million

Saudi Arabia's diversion of crude exports through the Strait of Hormuz is straining ship-to-ship transfer capacity in the Gulf of Oman and reducing supertanker availability, according to Event Registry.

Event Registry also reported that increased Saudi oil exports through the two waterways have contributed to a tanker shortage.

The pressure has driven shipping costs higher, with Event Registry reporting that the daily time-charter rate for a VLCC carrying Middle Eastern crude to China reached a record USD 1.27 million.

Source: globaltrademag.com (opens in a new tab)2 sourcesPermalink

Markets

Eskom chair Nyati gets another three-year term

Electricity and energy minister Kgosientsho Ramokgopa said the government had decided to give Eskom chair Mteto Nyati another three-year term, according to Event Registry.

The South African government is pursuing an independent transmission system operator that will ultimately own and control transmission assets and operate the electricity market, Event Registry reported.

Eskom's board has also been tasked with reducing electricity costs for households and businesses, according to Event Registry.

The measures include cutting system losses and revenue leakage, securing better value from procurement and maintenance, and improving project delivery, Event Registry reported.

Source: businessday.co.za (opens in a new tab)2 sourcesPermalink

Markets

ExxonMobil, SOCAR form Azerbaijan shale venture

ExxonMobil and Azerbaijan's state oil company SOCAR formed a joint venture to explore and develop unconventional hydrocarbon resources in the Middle Kura basin, according to World Oil.

ExxonMobil will operate the shale project, subject to approval by Azerbaijan's legislature, World Oil reported.

ExxonMobil senior vice president Bart Cahir said the venture would combine SOCAR's knowledge of Azerbaijan with ExxonMobil's experience and technology to assess the basin and pursue development opportunities.

Source: worldoil.com (opens in a new tab)1 sourcePermalink

Oil & Gas

TotalEnergies, SOCAR and XRG target 2029 startup for Absheron development

TotalEnergies, SOCAR and XRG have taken a final investment decision on the full-field development of the Absheron gas and condensate field offshore Azerbaijan, with startup targeted for 2029, according to World Oil.

The development will raise Absheron's production capacity to 6 billion cubic meters of gas per year and 47,000 barrels per day of condensate, World Oil reported.

The project will comprise four subsea wells connected by a subsea pipeline to a new onshore processing plant, according to World Oil.

Source: worldoil.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

Trump administration fast-tracks 10 lithium mines as wildlife protections weaken

The Trump administration has approved fast-tracking for 10 lithium mines across the United States since last year, Inside Climate News reported.

President Donald Trump is weakening endangered-species protections while promoting domestic mining, leaving wildlife in U.S. lithium areas particularly exposed, according to Inside Climate News.

The McDermitt Lithium project, which would mine a sage-grouse mating area, was among the first mines fast-tracked during Trump's second term, Inside Climate News reported.

The McDermitt Caldera on the Oregon-Nevada border supports threatened Lahontan cutthroat trout and sage-grouse habitat, according to Inside Climate News.

Source: insideclimatenews.org (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

West Texas Intermediate futures fall 2.3% on tentative US-Iran talk progress

West Texas Intermediate futures fell about 2.3% as tentative signs indicated that US-Iran talks to reopen the Strait of Hormuz were progressing, according to Event Registry.

Physical oil markets remained tight, and many traders were reluctant to change positions without a meaningful increase in supplies, Event Registry reported.

Source: arcamax.com (opens in a new tab)2 sourcesPermalink

Grid & Storage

Ruitan project starts construction with 100 MW molten-salt storage

Construction has begun on the Ruitan demonstration project in Shandong province in eastern China, according to Event Registry.

The facility is expected to begin operating next year and become the first of its kind in operation, Event Registry reported.

Its first phase will include a 50 MW supercritical unit and a 100 MW molten-salt energy storage system, according to Event Registry.

The plant will store excess energy as molten salt, then generate electricity during peak demand through a supercritical carbon dioxide system, Event Registry reported.

Source: zerohedge.com (opens in a new tab)2 sourcesPermalink

Policy & Geopolitics

India may share oil-price burden if increase persists

Chief Economic Advisor V Anantha Nageswaran said India’s government, oil marketing companies and consumers may again have to share the burden of higher crude prices if the increase persists into October and November.

Any renewed burden-sharing arrangement would depend on how long oil prices remain elevated, Nageswaran said.

He said India’s energy challenges also include availability, freight and insurance costs.

Source: theprint.in (opens in a new tab)2 sourcesPermalink

Oil & Gas

Nigeria petrol receipts rose 39% in August as imports fell

Nigeria’s domestic petrol receipts rose 39% in August to 35.9 million litres per day from 25.8 million litres per day in July, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

Petrol imports fell 26% from July to August, declining to 14.6 million litres per day from 19.7 million litres per day, NMDPRA data showed.

In August, the Dangote Refinery supplied 35.87 million litres of petrol per day to Nigeria’s domestic market and exported 9.73 million litres per day, according to the regulator.

Source: leadership.ng (opens in a new tab)1 sourcePermalink

Markets

Finnfund, Proparco commit USD 33 million to ERCO

Finnfund and Proparco committed a combined USD 33 million to Colombian solar energy platform ERCO, according to Event Registry.

Event Registry reported that a European Union guarantee supports the investment. The financing will support ERCO's expansion of solar generation capacity in Colombia.

The funds will finance the construction and expansion of solar energy assets in partnership with European clean technology companies and technology providers, according to Event Registry.

Source: solarquarter.com (opens in a new tab)1 sourcePermalink

Renewables

Vietnam advances offshore wind cooperation in Germany

Vietnam's Ministry of Industry and Trade held bilateral meetings in Germany focused on offshore wind development, technology transfer and financing, according to Event Registry.

Vietnam aims to build domestic industrial capacity, acquire offshore wind technology and develop businesses that can join regional and global supply chains, Event Registry reported.

Vietnamese officials also welcomed potential financial support and investment solutions for offshore wind developments during talks with Germany's KfW, according to Event Registry.

Source: vietnam.vnanet.vn (opens in a new tab)2 sourcesPermalink

AI & Energy

New Jersey fines DataOne USD 1.07 million over unapproved gas generators

The New Jersey Department of Environmental Protection fined DataOne's Vineland data center USD 1.07 million for using gas-powered generators without approval, Event Registry reported.

The department determined that DataOne violated New Jersey's Air Pollution Control Act by installing and operating 62 generators rated at 1,982 kilowatts each without a preconstruction permit or operating certificate.

A department commissioner described the penalty as New Jersey's largest-ever enforcement action against a data center.

DataOne was given 45 days after receiving the notice to apply for the required permit and certificate.

Source: theepochtimes.com (opens in a new tab)2 sourcesPermalink

Oil & Gas

Kenya backs Dangote's planned Lamu refinery

President William Ruto said the Kenyan government is fully behind Dangote's planned refinery project in Lamu, pledging 100% support.

Ruto said Kenya has secured the land required for the project and is working on other enablers.

Dangote said the refinery would generate about 1,000 MW, including 500 MW available for sale to the Kenyan government.

Event Registry reported that the planned facility is projected to process about 700,000 barrels of crude oil per day.

Source: the-star.co.ke (opens in a new tab)2 sourcesPermalink

AI & Energy

TrendForce forecasts 490.7 GW of data center power demand by 2030

TrendForce forecasts global data center power demand will reach 211 GW by 2027 and 490.7 GW by 2030.

Event Registry reported that surging natural gas demand from data centers and power generation lifted Kinder Morgan's project backlog.

Demand for Caterpillar's power-generation equipment has surged as data center operators seek electricity for artificial intelligence computing campuses, according to Event Registry.

Source: cryptobriefing.com (opens in a new tab)2 sourcesPermalink

Generation

Egypt, Russia review El Dabaa project and fuel preparations

Egyptian and Russian officials reviewed progress on the El Dabaa Nuclear Power Plant project.

The talks covered preparations for the plant to receive nuclear fuel next year under the agreed implementation timetable.

Egypt's Nuclear Power Plants Authority said the lower plate for the Unit 3 reactor pit was installed in coordination with Russian contractor Atomstroyexport.

Source: egyptian-gazette.com (opens in a new tab)3 sourcesPermalink

Markets

Saudi Aramco hires Evercore for gas unit restructuring, Bloomberg reports

Bloomberg reported that Saudi Aramco hired Evercore to advise on restructuring its gas operations into a standalone division that could eventually be listed.

The restructuring could attract investment or lead to an IPO or minority listing valuing the business at more than USD 100 billion, according to Bloomberg.

Reuters previously reported that Saudi Aramco planned to create a gas division focused on developing domestic natural gas resources and building an LNG portfolio abroad.

Source: reuters.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

North Carolina rejects Duke Energy's USD 500 million gas project

The North Carolina Utilities Commission rejected Duke Energy's proposed USD 500 million, 250 MW natural gas project in September, Event Registry reported.

Duke Energy wanted the plant to power a 21-building Amazon facility under construction near Charlotte.

Commissioners argued that Duke Energy had not adequately demonstrated how consumers would be shielded from construction costs under the Ratepayer Protection Pledge.

They said any renewed application for construction permission would require cost-recovery mechanisms that comply with the pledge.

Source: oilprice.com (opens in a new tab)2 sourcesPermalink

Policy & Geopolitics

U.S. Energy Department keeps coal plants open after court ruling

The U.S. Energy Department continues to order aging coal plants to remain open after a federal appeals court ruled that it had exceeded its emergency powers, according to the Daily Caller News Foundation.

Energy Secretary Chris Wright ordered units at Indiana's R.M. Schahfer and F.B. Culley coal plants to remain available through Dec. 18, the foundation reported.

The Indiana orders came one week after the D.C. Circuit vacated Wright's first emergency order keeping Michigan's J.H. Campbell coal plant operating beyond its planned retirement.

The Energy Department disagrees with the decision and is working with the Justice Department to assess possible rehearing and appeal options, the foundation reported.

Source: dailycaller.com (opens in a new tab)2 sourcesPermalink

Policy & Geopolitics

Jamaat-e-Islami targets 20 million signatures against Pakistan's petroleum levy

Jamaat-e-Islami announced nationwide rallies and a signature campaign against Pakistan's petroleum levy, according to Event Registry.

JI aims to collect signatures from 20 million people and present them to the authorities, Event Registry reported.

The campaign calls for abolishing the petroleum levy, lowering petrol prices, reviewing independent power producer agreements, making flour cheaper and reducing government spending, according to Event Registry.

JI said it would consider launching a long march if the levy was not withdrawn after Prime Minister Shehbaz Sharif returned to Pakistan, Event Registry reported.

Source: dailytimes.com.pk (opens in a new tab)3 sourcesPermalink

Oil & Gas

ExxonMobil advances TTUD-1 exploration as AI speeds seismic analysis

ExxonMobil is advancing exploration of Trinidad and Tobago’s TTUD-1 block faster than during the early stages of its Guyana campaign, Event Registry reported.

The company says artificial intelligence has reduced the time needed to read seismic data from Guyana’s offshore oil fields from months to days, according to Event Registry.

Source: newsfire.gr (opens in a new tab)3 sourcesPermalink

Policy & Geopolitics

Syria starts road gasoline shipments to Iraq amid Strait of Hormuz closure

Syria has begun transporting imported gasoline by road from Baniyas to Iraq amid the closure of the Strait of Hormuz, Event Registry reported.

The first shipment totaled about 32,800 metric tons, according to Event Registry.

Event Registry reported that 77 tanker trucks carrying the gasoline had departed for the Iraqi border while loading continued.

The Syrian Petroleum Company is moving the fuel under a transit contract with Qatar-based UCC Holding, which supplies the gasoline and manages transportation, according to Event Registry.

Source: tokenpost.com (opens in a new tab)1 sourcePermalink

Oil & Gas

NMDPRA sets conditions for commercial gas market shift

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has begun developing conditions for Nigeria’s domestic gas market to adopt a commercial willing-buyer, willing-seller model, according to Event Registry.

The transition will be guided by indicators covering gas supply, market participation, infrastructure access, contract performance, payment discipline, reliable market data and credible price signals.

NMDPRA expects regulatory intervention to decline gradually as the market becomes more capable of supporting commercial transactions.

Source: thetimes.com.ng (opens in a new tab)2 sourcesPermalink

Policy & Geopolitics

Energy price cap to rise 4% in England, Scotland and Wales

The energy price cap will rise by 4% from Thursday for a typical household in England, Scotland and Wales, Event Registry reported.

More than four million homes on standard energy tariffs were urged to submit meter readings before October 1 to avoid paying higher prices.

Ofgem attributed the increase to higher wholesale gas prices resulting from the ongoing conflict in the Middle East.

Source: kentonline.co.uk (opens in a new tab)2 sourcesPermalink

Markets

Oil falls about 2% on US-Iran truce hopes

Event Registry reported that hopes for a US-Iran truce and discussion of a possible US diesel export ban pushed oil prices down about 2% on Friday.

Houthi attacks on Saudi Arabia kept supply disruption concerns in focus, according to Event Registry.

Brent futures fell USD 2.28, or 2.1%, Event Registry reported.

West Texas Intermediate crude dropped USD 2.20, or 2.3%, according to Event Registry.

Source: economictimes.indiatimes.com (opens in a new tab)1 sourcePermalink

Renewables

U.S. Department of Energy allocates USD 99 million to geothermal systems

Event Registry reported that the U.S. Department of Energy allocated USD 99 million for next-generation geothermal energy systems on September 21.

The initiative covers 21 selected projects focused on exploration, resource assessment and technology validation, according to Event Registry.

Event Registry said 16 projects will explore and evaluate geothermal resources, while five will conduct field-based technology testing.

Quaise Energy anticipates up to USD 25 million for Project Obsidian, its geothermal energy showcase in central Oregon, Event Registry reported.

Source: rocketnews.com (opens in a new tab)2 sourcesPermalink

IndiaPolicy & Geopolitics

SCCL coal transport bottleneck pushes Telangana toward alternative fuel

SCCL has nearly two million tonnes of high-grade coal at its Naini mine in Odisha, but can transport only a fraction, Event Registry reported.

The shortfall has left Telangana power utilities seeking alternative fuel sources as the Yadadri Thermal Power Plant is prepared to produce 140 million units of electricity per day.

Officials said Yadadri requires at least 14,000 tonnes of coal per day to operate at full capacity, according to Event Registry.

Telangana Chief Minister A. Revanth Reddy directed the energy department and Telangana Genco to procure G-9 coal from Mahanadi Coalfields and ensure Yadadri operates at full capacity by Dasara, Event Registry reported.

Source: timesofindia.indiatimes.com (opens in a new tab)2 sourcesPermalink

Policy & Geopolitics

Iraq targets 10 million barrels per day in long-term oil expansion

Iraq currently produces about 4.5 million barrels of crude oil per day and is targeting 10 million barrels per day over the long term, according to Event Registry.

Prime Minister Ali Faleh Al-Zaidi said Iraq aims to become a global hub for energy production, Event Registry reported.

Iraq is working to diversify its oil export outlets and develop energy corridors linking it with Türkiye, Jordan and Syria, with connections onward to global markets, according to Event Registry.

Al-Zaidi also invited global investment in Iraq, citing its resources, market, location and intention to build a new economy, Event Registry reported.

Source: iraqinews.com (opens in a new tab)2 sourcesPermalink

Policy & Geopolitics

Drone attacks halt Perm and Novoshakhtinsk refineries

Drone attacks halted operations at Russia's Perm and Novoshakhtinsk oil refineries, according to Event Registry.

The Perm refinery stopped operating after a Ukrainian drone attack caused a fire and damaged equipment.

A separate drone attack damaged the Novoshakhtinsk refinery and forced it to suspend operations temporarily.

Refineries hit during the week also included facilities in Moscow and Kuibyshev, Event Registry reported.

Source: hotair.com (opens in a new tab)2 sourcesPermalink

Renewables

Maruti Suzuki commissions 300 kW green hydrogen pilot

Maruti Suzuki commissioned a 300 kW green hydrogen electrolyzer pilot at its Manesar facility, according to Event Registry.

The plant uses solar power generated during holidays to produce green hydrogen. The hydrogen is stored, blended with natural gas and used as process fuel in Maruti Suzuki's manufacturing operations.

Maruti Suzuki plans to use the pilot's results to guide wider green hydrogen adoption at its facilities in Haryana and Gujarat.

Source: indianweb2.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

UN mission warns attacks on Libya energy infrastructure may bring sanctions

The UN Support Mission in Libya said attacks on Libya's energy infrastructure, or other actions that could undermine it, may constitute grounds for sanctions under relevant UN Security Council resolutions.

The mission said the Sharara-Zawiya oil pipeline remains closed, causing losses in crude production and public revenues while raising risks to fuel supplies and electricity generation.

Source: economictimes.indiatimes.com (opens in a new tab)1 sourcePermalink

Oil & Gas

Absheron development targets 2029 start-up

The Absheron full field development is expected to start up in 2029, Event Registry reported.

The project will increase production to 6 BCMA of gas and 47,000 barrels of condensate per day, according to Event Registry.

Gas from the development will supply Azerbaijan's domestic market and be exported to Turkey, Event Registry reported.

Source: finanznachrichten.de (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

Kenya regulator sets surcharge for unapproved grid exports

Kenya's Energy and Petroleum Regulatory Authority has introduced a dumping surcharge for electricity supplied to the grid without approval or a valid net-metering agreement, according to Event Registry.

Customers feeding electricity into the Kenya Power network without approval will have it treated as dumping and be charged the applicable base tariff, Event Registry reported.

Customers must sign a net-metering agreement with Kenya Power before exporting electricity to the grid, according to Event Registry.

Source: k24.digital (opens in a new tab)2 sourcesPermalink

Policy & Geopolitics

Trump says he wants to ban US diesel exports

President Donald Trump said he would like to ban US diesel exports amid high energy prices.

A White House official said no policy announcement had been made and that Trump was evaluating options to lower US pump prices.

Event Registry reported, citing an industry source, that US Energy Secretary Chris Wright contacted US refiners to assess support for voluntarily limiting diesel exports.

Experts warned that an export ban would not make diesel cheaper and would cause refiners to produce less fuel, according to Event Registry.

Source: sg.finance.yahoo.com (opens in a new tab)1 sourcePermalink

Oil & Gas

Diesel tops GBP 2 at 226 Scotland forecourts

Diesel cost more than GBP 2 per litre at 226 forecourts across Scotland, Event Registry reported.

The RAC said the average diesel price had reached 198.32p per litre and could hit record highs within days.

The Mail on Sunday later quoted the average at 198.89p per litre, against a previous record of 199.09p.

Simon Williams, the RAC's head of policy, told The Mail on Sunday that he expected the record to be broken that day.

Source: examinerlive.co.uk (opens in a new tab)3 sourcesPermalink

Oil & Gas

Ghana National Petroleum Corporation supplies approximately 950,000 barrels of Sankofa crude to Tema Oil Refinery

The Ghana National Petroleum Corporation supplied approximately 950,000 barrels of Sankofa crude oil to Ghana's Tema Oil Refinery, Event Registry reported.

Tema Oil Refinery Managing Director Edmond Kombat said the cargo was the first shipment of Sankofa crude received by a Ghanaian refinery.

The refinery paid for the crude through a letter of credit accepted by the Ghana National Petroleum Corporation, according to Event Registry. The transaction created no additional debt exposure for the refinery.

Source: myjoyonline.com (opens in a new tab)3 sourcesPermalink

Markets

Deon Energy files draft IPO papers with SEBI

Ahmedabad-based solar engineering, procurement and construction company Deon Energy has filed draft papers with SEBI for an initial public offering, according to Event Registry.

The proposed offering comprises a fresh issue of up to 72 lakh equity shares and an offer for sale of up to 20 lakh shares by promoters, Event Registry reported.

Deon Energy plans to allocate Rs 95.80 crore from the fresh-issue proceeds to build a 30 MW DC power plant across six sites in Gujarat's Junagadh, Surendranagar and Kachchh districts, according to Event Registry.

The company proposes to list its equity shares on the BSE and the National Stock Exchange of India, Event Registry reported.

Source: news18.com (opens in a new tab)4 sourcesPermalink

Transport

Amit Shah to launch over Rs 1,542 crore of Gujarat rail projects

Event Registry reported that Amit Shah will launch railway projects worth over Rs 1,542 crore at Sabarmati in Gujarat on September 27.

The LNG train uses two 1,400 HP Driving Power Cars converted at Sabarmati Integrated Coaching Depot into diesel-LNG dual-fuel systems, according to Event Registry. LNG will replace nearly 40% of their diesel consumption.

The initiative is expected to reduce fuel costs and emissions of carbon dioxide, nitrogen oxides and particulate matter.

Source: newkerala.com (opens in a new tab)5 sourcesPermalink

IndiaRenewables

NTPC Green Energy starts 81.34 MW of Kalasar solar project

NTPC Green Energy began commercial operation of the first 81.34 MW of its Kalasar Solar Energy Project in Bikaner, Rajasthan, on September 26, 2026, according to Event Registry.

The capacity forms part of the 650 MW solar component of the 500 MW REMCL Round-the-Clock Project, Event Registry reported.

The addition raised the NTPC Green Energy group's total installed capacity to 11,058.57 MW, according to Event Registry.

Source: cnbctv18.com (opens in a new tab)2 sourcesPermalink

Generation

Bangladesh and US sign peaceful nuclear energy agreement

The BNP media cell said Bangladesh and the United States signed an agreement on the peaceful uses of nuclear energy.

Rehan Asad signed for Bangladesh, while Jacob Helberg signed for the United States.

The BNP media cell said the agreement continues a peaceful nuclear cooperation initiative first undertaken in 1981 under President Ziaur Rahman.

Source: aninews.in (opens in a new tab)5 sourcesPermalink

Markets

India and France discuss EPR deployment and pumped hydro

India and France discussed deploying European Pressurised Reactor technology in India, localising the nuclear supply chain and cooperating on pumped hydro storage projects, according to the Ministry of Power.

EDF said it was working to build an ecosystem and supply chain in India for large-scale localisation.

India's draft nuclear rules provide for streamlined, time-bound licensing and would allow private and foreign partners to participate in the country's nuclear power programme, the Ministry of Power said.

Source: newsable.asianetnews.com (opens in a new tab)2 sourcesPermalink

Oil & Gas

LNG security focus grows amid tight global gas outlook

Rising electricity demand and geopolitical risks are strengthening LNG’s role in securing reliable energy supplies globally, according to Event Registry.

Global natural gas supply is expected to remain unusually tight until at least next summer, Event Registry reported.

Bernstein analysts estimated that even an exceptionally strong El Nino could reduce Asian LNG imports by less than 1 billion cubic feet per day, or about 1% of global LNG imports.

Chevron is pursuing potential LNG growth in Argentina, the Eastern Mediterranean, Australia and Africa, according to Event Registry.

Canada granted the Tilbury LNG terminal expansion fast-track status as a priority project, Event Registry reported.

Bangladesh released Tk10,300 crore in LNG import subsidies during the first three months of the fiscal year after disrupted long-term supplies increased reliance on costly spot cargoes, according to Event Registry.

Union Home and Cooperation Minister Amit Shah was scheduled to flag off India’s first LNG-powered train from Sabarmati Station on September 27, Event Registry reported.

Source: theelectricityhub.com (opens in a new tab)6 sourcesPermalink

Markets

SAIL, BCCL sign MoU for West Bengal coal blocks

Event Registry reported that SAIL and BCCL signed an MoU to jointly develop and operate two coal blocks in West Bengal.

The agreement covers SAIL's Indikatta Ramnagore block and BCCL's East of Damagoria (Kalyaneshwari) block, according to Event Registry.

Event Registry reported that the blocks have a combined peak rated capacity of 4 million tonnes per year, while Phase I is estimated to contain around 79 million tonnes of extractable reserves.

The integrated plan calls for mining at Kalyaneshwari and overburden dumping at Ramnagore in Phase I, with the arrangement reversed in Phase II, Event Registry reported.

Source: energy.economictimes.indiatimes.com (opens in a new tab)2 sourcesPermalink

Policy & Geopolitics

Ukraine says strike sparked fire at Ilsky oil refinery

Ukraine said its forces struck the Ilsky oil refinery in Russia's Krasnodar region overnight, sparking a fire at the facility.

Ukraine's General Staff said the refinery can process around 6.6 million tonnes of crude oil per year.

The General Staff said products from the refinery are used in part to supply the Russian military.

Source: mirror.co.uk (opens in a new tab)2 sourcesPermalink

Markets

Indian equities fall for seventh week as crude prices stay elevated

Indian equity benchmarks recorded a seventh consecutive weekly loss as crude prices remained elevated and US bond yields surged, Event Registry reported.

The Nifty declined 0.88% during the week, while the Sensex lost 0.54%, according to Event Registry.

The Nifty 50's seven-week losing streak was its longest in six years.

Brent crude stayed above USD 105 per barrel for most of the week, while WTI remained above USD 90 per barrel amid geopolitical uncertainty and concerns about global oil supplies, Event Registry reported.

Source: ommcomnews.com (opens in a new tab)3 sourcesPermalink

Oil & Gas

Libya's NOC shuts Zawiya refining unit over pipeline closure

Libya's National Oil Corporation shut one refining unit at the Zawiya refinery after armed groups continued to force the closure of the Sharara crude pipeline valve, the company said.

NOC said it closed the unit to keep the site's other refining unit operating for as long as possible.

The pipeline closure cut cumulative Sharara production by 942,376 barrels over five days and caused about USD 95 million in direct financial losses, according to NOC.

NOC said it took precautionary measures aimed at safely resuming operations and stabilizing crude supplies to the Zawiya Refinery and export terminals.

Source: thestar.com.my (opens in a new tab)4 sourcesPermalink

Markets

NTPC and EDF Power Solutions India sign 50:50 low-carbon venture

NTPC Limited and EDF Power Solutions India signed a 50:50 joint venture agreement on September 25 to develop low-carbon energy projects, Event Registry reported.

The venture will pursue projects in India and neighbouring countries, according to Event Registry.

Its remit covers developing, owning and operating pumped storage, hydropower and other renewable energy projects, as well as electricity distribution businesses.

The companies aim to establish an industrial entity focused on low-carbon power plants, flexibility solutions and transmission assets, Event Registry reported.

The partnership supports India's target of reaching 100 GW of installed pumped storage capacity by 2036, according to Event Registry.

Source: newkerala.com (opens in a new tab)3 sourcesPermalink

Oil & Gas

Lamu port receives 2,930 tonnes of machinery for planned refinery

The Port of Lamu in Kenya received 2,930 metric tonnes of heavy machinery for the planned Dangote East Africa Refinery, according to Event Registry.

Event Registry reported that MV Da Yang delivered the equipment for construction of the planned refinery and petrochemical complex in Lamu.

The groundbreaking was planned for September 30, 2026, according to Event Registry. President William Ruto will lead the groundbreaking for the joint project between the Kenyan government and Aliko Dangote, Event Registry reported.

The refinery is expected to process up to 700,000 barrels of crude oil per day, according to Event Registry. It will process crude from Lokichar in Turkana County and other areas before supplying refined petroleum products to regional markets, Event Registry reported.

The project is expected to strengthen Kenya's energy security and create more than 60,000 jobs, according to Event Registry.

Source: kenyans.co.ke (opens in a new tab)4 sourcesPermalink

Policy & Geopolitics

China canceled 67% of planned overseas coal power capacity

China has canceled 67% of the coal power capacity it planned to build overseas in 2021, according to a report by the Centre for Research on Energy and Clean Air (CREA) and People of Asia for Climate Solutions (PACS).

The report put canceled capacity at 61.5 GW, covering planned overseas coal projects canceled since 2021.

It estimated that the cancellations avoided 6.4 billion tonnes of lifetime carbon dioxide emissions.

Chinese President Xi Jinping pledged in 2021 that China would stop funding overseas coal power plants.

Event Registry reported that experts warned Chinese companies were using regulatory loopholes to continue investing in overseas coal despite Xi's pledge.

CREA analyst Syahdiva Moezbar said the pledge still allows private Chinese companies to invest in overseas coal projects, enabling coal expansion to continue.

Source: indiatoday.in (opens in a new tab)5 sourcesPermalink

Policy & Geopolitics

India orders 112 captive coal plants to run at maximum capacity

India's Ministry of Power directed 112 captive coal-fired generating stations with at least 50 MW of installed capacity to operate at maximum available capacity from October 1 through December 31, 2026.

The ministry said the order responds to the prevailing demand-supply situation and an expected rise in electricity demand. The September 25 directive was issued under emergency provisions of the Electricity Act.

The generators were ordered to maintain adequate coal stocks to support maximum generation during the mandated period. They were also instructed to sell surplus electricity through power exchanges.

The directive requires weekly reports covering generation, captive consumption, available capacity and coal stocks.

Source: aninews.in (opens in a new tab)3 sourcesPermalink

Policy & Geopolitics

Trump advisers weigh US diesel export curbs as costs soar

Trump administration officials are considering suspending fuel taxes and easing sales restrictions on dyed diesel normally reserved for off-road use to curb soaring US diesel costs, Event Registry reported.

US President Donald Trump has supported curbing American diesel exports, while his economic advisers assess a potential short-term ban, according to Event Registry.

US Energy Secretary Chris Wright said the administration is working with refiners on voluntary diesel export limits as an alternative to government action, Event Registry reported.

Energy analysts and industry groups warn that a US diesel export ban could raise fuel prices domestically and abroad, according to Event Registry.

The United States exports about 1.5 million barrels of diesel per day, equal to about 20% of the volume sold on international markets, Event Registry reported.

Source: naturalnews.com (opens in a new tab)5 sourcesPermalink

Markets

UK warns Iran against hostile activity on British soil

Event Registry reported that the United Kingdom warned Iran it would not tolerate intimidation, threats or hostile activities linked to Tehran on British soil.

British Foreign Secretary Ed Miliband delivered the warning to Iranian Foreign Minister Abbas Araqchi during a meeting at the United Nations General Assembly in New York.

Britain's Foreign Office said Miliband reiterated the UK's resolve to combat threats from Iranian-linked groups on UK soil.

Source: thewillnews.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

Houthis claim missile and drone attacks on Riyadh site, Saudi Aramco facility

Yemen's Houthi movement said it attacked a strategic site in Riyadh and a Saudi Aramco facility in Yanbu, Saudi Arabia, on September 25, News.az reported.

The claimed attacks involved missiles and drones, according to News.az.

Houthi military spokesman Yahya Saree described the operations as retaliation for alleged Saudi aggression against Yemen and its blockade.

News.az said the claims had not been independently verified and Saudi authorities had not confirmed the reported attacks at the time of publication.

Source: news.az (opens in a new tab)1 sourcePermalink

Oil & Gas

BP advances USD 700 million Egypt drilling programme

BP is proceeding with a four-well drilling programme in Egypt backed by USD 700 million in investment, according to Egypt's Petroleum Ministry.

The ministry said Fayoum-4 began production in September, around two years ahead of schedule, and is supplying about 80 million cubic feet of gas per day to Egypt's national grid.

The rig has moved to the Ghareb exploration well and is scheduled to drill two consecutive deepwater exploration wells for ArchiOS, a BP-XRG joint venture. BP holds 51% of ArchiOS, while XRG owns 49%, according to the ministry.

Source: english.ahram.org.eg (opens in a new tab)1 sourcePermalink

Markets

Waaree Clean Energy Solutions enters India’s speciality gases business

Waaree Clean Energy Solutions, a wholly owned subsidiary of Waaree Energies, announced its entry into India’s speciality gases business on September 24, according to Event Registry.

The company is setting up a speciality gases plant at GIDC Saykha in Dahej, Gujarat, Event Registry reported.

The Dahej plant is planned to supply semiconductor and solar manufacturers with high-purity ammonia, silane and other chemicals that are currently imported, according to Event Registry.

Waaree Clean Energy Solutions said the Gujarat facility is intended to build domestic supply and reduce India’s reliance on imported gases, Event Registry reported.

Source: financialexpress.com (opens in a new tab)2 sourcesPermalink

Renewables

Fervo Energy reaches first power at Cape Station

Fervo Energy announced first power at its flagship Cape Station project in Beaver County, Utah.

The milestone was the first time a utility-scale enhanced geothermal project had moved from development into an operating plant selling electricity to the grid, Event Registry reported.

Cape Station's first phase is roughly 100 MW, while a 400 MW phase is under construction and projected to begin commercial operations in 2028, according to Event Registry.

Fervo's contracted generation capacity at Cape Station totals approximately 900 MW, Event Registry reported.

Source: fool.com (opens in a new tab)2 sourcesPermalink

Grid & Storage

Greenvolt Power starts 600 MW/2.4 GWh Siedlce battery build

Greenvolt Power has started construction of the 600 MW/2.4 GWh Siedlce battery energy storage system in Poland, according to Event Registry.

Commercial operation is scheduled to begin by the end of 2027, Event Registry reported.

The project design includes 210 battery containers and 105 transformer containers equipped with power conversion systems, according to Event Registry.

BYD Energy Storage will supply the project's battery technology, Event Registry reported.

Source: theenergyst.com (opens in a new tab)1 sourcePermalink

Grid & Storage

India weighs imported coal blending as 80 thermal plants turn critical

India is considering blending imported coal with domestic supplies to keep critical thermal power plants operating, Event Registry reported.

On Sept. 24, 80 of India's 190 thermal power plants were classified as critical, according to Event Registry. Available coal stocks stood at 22.3 million tonnes, or 38% of the recommended 57.8 million tonnes.

In Telangana, a BRS delegation demanded immediate supplies of quality coal to all Genco stations, Event Registry reported. The chief engineer of Kakatiya Thermal Power Station said the plant had enough coal for four days.

Source: timesofindia.indiatimes.com (opens in a new tab)2 sourcesPermalink

Oil & Gas

NNPC calls USD 800 million Ima Gas decision vote of confidence

Nigerian National Petroleum Company Limited (NNPC) described the USD 800 million Final Investment Decision on Nigeria's Ima Gas Project as a decisive vote of confidence in the country's upstream gas sector and its reforms.

Event Registry reported that the offshore project is expected to produce about 300 million standard cubic feet of gas per day at peak.

Nigeria LNG's Train 7 expansion is set to raise capacity from 22 million tonnes per annum to 30 million tonnes per annum, with Ima expected to supply a significant share of the additional gas, according to Event Registry.

NNPC said the project's sanction resulted directly from Nigeria's 2024 Presidential Directives, which introduced fiscal incentives, streamlined contracting and lowered gas development costs.

Source: leadership.ng (opens in a new tab)1 sourcePermalink

Grid & Storage

U.S. Energy Department commits $2 billion to smart grid technology

Event Registry reported that the U.S. Department of Energy committed $2 billion to smart technology improvements for the national electric grid.

The report said the spending will cover 31 projects in 26 states and is expected to produce more than 23 GW of electricity annually, enough for about 16 million homes.

Energy Secretary Chris Wright said the investment would affect around 100 million Americans.

Source: wspa.com (opens in a new tab)2 sourcesPermalink

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