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, 2026Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
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
Brazil’s Oil Export Tax Is Back as Court Overturns Industry Injunction
A Brazilian appeals court reinstated the 12% oil export tax, overturning an injunction won by producers. The levy has raised...
September 1, 2026
Brazil’s Petrobras Upgraded to Buy by Bradesco BBI, Which Sees a 25% Return by 2027
Brazil ’ Petrobras: What happened: Bradesco BBI upgraded state oil company Petrobras to buy after the shares recent fall made...
August 29, 2026
Strait of Hormuz Declared Open After US Mine-Clearing: What It Means for Latin America
Strait Hormuz Declared: — What happened: US Central Command said on 27 August it cleared all Iranian mines from the...
August 28, 2026
Guyana’s Take From Its Own Oil Jumps to 39.8% Now That Exxon Has Paid Itself Back
The Guyana oil share of Stabroek production has risen from 12.5% to 39.8% now that the ExxonMobil-led group has recovered...
August 19, 2026