The State of Victoria has issued its first petroleum exploration tenders since 2018, targeting offshore and onshore acreage to mitigate projected gas supply declines. The initiative is designed to bolster domestic energy security amid rising electricity demand across southeastern Australia.
Petronet LNG Ltd has arranged a INR 120 billion rupee-denominated term loan from State Bank of India and Bank of Baroda to fund its upcoming petrochemicals project and related capital expenditure. The financing strengthens balance sheet support for downstream diversification.
4 days ago • India
ExxonMobil, Aramco and Samref have signed a Venture Framework Agreement to evaluate upgrading the Yanbu-based refinery into an integrated refining and petrochemical complex. The initiative would enhance crude-to-chemicals conversion, improve energy efficiency and support lower-emission operations, subject to further studies and approvals.
4 days ago • Saudi Arabia
Four Saudi energy companies - TAQA, ADES Holding, Arabian Drilling and ARGAS, have signed agreements with the Syrian Petroleum Company covering gas field development, drilling, seismic surveys and integrated oilfield services. The arrangements aim to raise production across key Syrian gas assets under Saudi Ministry of Energy oversight.
4 days ago • Saudi Arabia;Syrian Arab Republic
Eni has confirmed a sizeable gas discovery at the Konta-1 exploration well in Indonesia’s Kutei Basin, with an estimated 600 Bcf of gas in place and upside beyond 1 TCF. The find strengthens Southeast Asia supply prospects and supports planned regional investments with PETRONAS.
4 days ago • Indonesia
Cairn Oil & Gas has initiated a global partner outreach to execute a USD 5 billion upstream investment program over the next two to three years. The plan includes new drilling campaigns, enhanced oil recovery deployment, and gas sales from Gujarat, signaling a renewed push to raise domestic hydrocarbon output.
4 days ago • IndiaThe African Development Bank Group has approved a EUR 6.5 million commitment to the Saviu II venture capital fund to strengthen seed-stage technology financing in Francophone West and Central Africa. The investment, supported by the European Commission under Boost Africa, aims to accelerate digital entrepreneurship and regional market integration.
STRABAG’s subsidiary ZÜBLIN has secured two large-scale contracts from Codelco to advance the underground transformation of the Chuquicamata copper mine in Chile. The project includes more than 54 kilometres of tunnelling and critical infrastructure works, with completion targeted for 2031 and a workforce of around 1,200.
Mizoram has proposed a ₹174.7 billion budget for FY2026–27, with allocations focused on agriculture, connectivity and social infrastructure. The plan includes continued funding for farmer support programmes and supplementary grants of ₹37.24 billion for the current fiscal, reflecting a calibrated approach to fiscal management and development spending.
Blue Jet Healthcare will invest approximately ₹23 billion to establish a greenfield pharmaceutical manufacturing complex in Andhra Pradesh’s Rambilli Industrial Park. The phased project, expected to be operational by FY2028–29, will expand capacity for contrast media intermediates and specialty chemicals while creating 2,000 jobs.