Fuse Failure Shuts 161 Ecuador Oil Wells at Referendum-Hit ITT Block
A blown fuse triggered emergency shutdowns at 161 wells of Ecuador's Block 43-ITT between September 5 and 7, 2026, costing...
September 10, 2026Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Brent Crude Oil Breaks US$105 as Saudi Output Sinks to 1990 Low
Brent crude oil broke above US$105 after the biggest tanker-attack wave of the Iran war and data showing Saudi crude...
September 10, 2026
Chevron Says It Will More Than Double Its Drilling Rigs in Venezuela
Chevron's finance chief said the company will more than double its rigs in Venezuela. No before and after numbers exist,...
September 9, 2026
Oil Prices Near US$97 Split Latin America Between Sellers and Buyers
Oil prices near a six-week high after US-Iran strikes near Hormuz. Brazil and Colombia gain, Chile pays more, and Mexico...
September 7, 2026
Zambia’s State Firm Puts Ndola Refinery at US$1.2 Billion
Zambia's state holding company says the Ndola refinery will cost US$1.2 billion, above the licensed US$1.1 billion. The difference is...
September 6, 2026
Libya Shuts 490 Petrol Stations Over Alleged Smuggling
Libya's Tripoli government shut 490 petrol stations over alleged fuel smuggling on 2 September. About 365 stations were approved to...
September 6, 2026
Egypt Battery Storage Talks With Huawei Cover 4,000 Megawatt-Hours
Egypt battery storage talks with Huawei cover 4,000 megawatt-hours and local manufacturing, but no contract, value or site has yet...
September 3, 2026
A Closed Strait Carried Sasol’s Year in South Africa
Sasol's FY2026 adjusted EBITDA rose 17% to R60.7 billion (US$3.4 billion), helped by the Hormuz closure and cost cuts. But...
September 3, 2026
Libya’s Rival Camps Sign a Roadmap With Haftar Inside It
Libya economy reunification would touch budgeting, oil revenue and monetary policy, after rival camps agreed on 30 August to elections...
September 3, 2026