Sunday, 27 September 2026

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.