OPEC+ Pumps More Oil, Testing Africa’s Petro-States
OPEC production increase: 188,000 bpd more from August, the fifth straight hike - pressure on the oil prices Nigeria, Angola...
July 6, 2026Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Methanol Giant Methanex Idles a Trinidad Plant as the Gas Runs Short
The world's largest methanol maker is idling its Titan plant in Trinidad, a hard sign of a gas squeeze that...
July 4, 2026
Petrobras Caps a Gas Price Jump, Softening the August Increase
Petrobras natural gas price rises just 6% on Aug 1 instead of 22% under a new Brent oil price cap...
July 1, 2026
Eni and Abu Dhabi’s XRG Buy Into YPF’s Vaca Muerta Gas
Italy's Eni and Abu Dhabi's XRG have each agreed to take a 32% stake in three Vaca Muerta gas blocks,...
June 30, 2026
The $3.6 Billion Deal Petro Killed Now Haunts Ecopetrol
The Permian deal Petro blocked Ecopetrol from doing in 2024 is now valued at billions in lost upside as Colombia's...
June 30, 2026
Namibia’s Orange Basin Draws the World’s Oil Majors
Namibia oil has become the industry’s hottest frontier, as the Orange Basin draws the majors toward landmark 2026 investment decisions...
June 29, 2026
Nigeria’s Oil Output Climbs Past Its OPEC Quota
Nigeria oil production hit a 15-month high in May 2026, topping its OPEC quota at about 1.7 million barrels a...
June 29, 2026
Europe’s Russian Gas Ban Opens a Door for African Gas
African gas exports are surging as the EU bans Russian LNG by 2026. Algeria, Mozambique and Senegal target a gap...
June 29, 2026
Barbados Opens Its Deep Waters to Oil, Testing a Climate Champion
Barbados opened 19 ultra-deepwater blocks for oil and gas bids, testing whether a leading climate voice can drill at home...
June 25, 2026