News / International

EDF Pauses Edison Stake Sale as Qatar Gas Supply Uncertainty Persists

France's EDF has suspended plans to sell a minority stake in its Italian subsidiary Edison due to uncertainty over liquefied natural gas (LNG) supplies from Qatar, with the sale process potentially resuming in early 2027.
Edison CEO Nicola Monti said the company lacked sufficient visibility into the timing of QatarEnergy's deliveries to support long-term planning. He added that the company hoped supplies would resume early next year, although the outlook remained unclear.

Equinor Discovers Oil and Gas Near Oseberg Field in Norway

Equinor and its partners have discovered oil and gas near Norway’s Oseberg field, with recoverable resources estimated at up to 50 million barrels of oil equivalent. The partnership plans to tie the discovery back to existing subsea infrastructure to accelerate development and reduce costs.

Eni Buys €100 Mn Treasury Shares in Early October

Eni, Italy’s energy giant, has acquired 4.08 million treasury shares for a total of €99.99 mn between 5 and 9 October 2026 as part of the second tranche of its share buyback program, the Italian energy company said on 14 October.

China Refiners to Replenish Oil Stocks from November

China’s state-run refiners are expected to replenish their oil inventories at a rate of 400,000 barrels per day (bbl/d) between November and April after drawing on reserves to cushion the impact of higher prices caused by the US-Iran war, Bloomberg reported on 14 October, citing political risk consultancy Eurasia Group.

Italy Nears Deal With EU on Gas Price Cap

Italian Prime Minister Giorgia Meloni has said her government is nearing an agreement with the European Union on a mechanism to lower the price of gas used to generate electricity, Bloomberg’s Asharq Business website reported on 14 October.

IEA Warns: Diesel Supply Tightness Could Persist Into 2027

Global diesel supply constraints could persist well into 2027 as disruptions to Middle Eastern and Russian exports, reduced refinery output, and declining inventories leave markets struggling to meet demand ahead of peak winter consumption, the International Energy Agency (IEA) said in its October 2026 Oil Market Report.

Trump Announces Plans for Major Resource Exploration in Greenland

US President Donald Trump said large-scale oil, gas, and mineral exploration is set to begin in Greenland, citing the island’s resource potential and strategic importance.

Iraq’s Oil Exports Reach 2.7 mmbbl/d, Plans Further Increases

Iraq's crude oil exports have reached around 2.7 million barrels per day (mmbbl/d), with the Ministry of Oil working to increase shipments through its northern and southern export outlets and raise flows through the Iraq-Türkiye pipeline (ITP).

TotalEnergies, KKR Expand US Renewables JV by 700 MW

TotalEnergies and global investment firm KKR have agreed to add 700 megawatts (MW) of renewable energy capacity to their US joint venture (JV), increasing its total portfolio from 1.4 gigawatts (GW) to 2.1 GW, according to a statement issued on October 12.

OPEC+ Oil Production Rises 900,000 bbl/d in September Despite Hormuz Disruptions

The Organization of the Petroleum Exporting Countries (OPEC) has reported that crude oil production by OPEC+ members increased by 900,000 barrels per day (bbl/d) month on month (MoM) to average 39.07 million barrels per day (mmbbl/d) in September, driven primarily by higher output from Saudi Arabia, according to its Monthly Oil Market Report (MOMR).

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