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Did America just hand the Gulf to Russia?
The Iran war has turned Russia from a sanctioned energy pariah into an indispensable supplier for half the planet. With Urals crude at 13-year highs and sanctioned LNG going at 40% discounts, Moscow may be the war's real winner.
Venezuela opens for business, investors weigh promise against reality
The months since Nicolás Maduro's capture have brought Venezuela closer to the global economy than at any point in a generation.
Santos reports positive results from Alaska’s Quokka-1 appraisal well
Australia’s Santos has completed its Quokka-1 appraisal well on Alaska’s North Slope.
Russia emerges as 'strategic energy partner' for Global South thanks to Iran
Russian oil hit a 13-year high before the ceasefire as Moscow pivots to "strategic energy partner" for the Global South. Kremlin says it is fielding "an enormous number" of requests for energy supplies as trade flows shift.
Trump warns US forces will remain in place around Iran until 'real agreement' is complied with
Trump warns all US military forces will remain deployed around Iran until the ceasefire agreement is fully met, threatening that otherwise "the shootin' starts." He says Iran must not pursue nuclear weapons and Hormuz must stay open.
Caturus achieves full commercialisation of Commonwealth LNG
Caturus has completed the commercialisation of its planned Commonwealth LNG project on the US Gulf Coast and is closing in on a final investment decision.
Windfall tax delay exposes Indonesia’s challenge in capturing commodity gains
Indonesia recently announced that it had delayed the rollout of its windfall tax proposal on coal and nickel exports. The country noted that the complexity of balancing fiscal needs with industrial policy is behind the delay
Peru scales up solar capacity as Sunny complex reaches 345 MW
Peru accelerates solar deployment as Kallpa’s Sunny complex reaches 345 MW, signalling a broader expansion pipeline of 1.42 GW set to reshape the country’s renewable energy landscape by 2028.
BP announces new gas discovery off Egypt’s East Mediterranean
UK energy major BP (LSE:BP) has announced a new gas discovery offshore Egypt in the East Mediterranean, following the successful drilling of the “Dennis West-1” exploration well within the Temsah concession area
Grid constraints threaten Europe’s energy security ambitions
Europe risks undermining its energy security and industrial competitiveness due to insufficient electricity grid capacity, with at least 120 GW of planned renewable projects facing delays, according to a report by Ember.
Falling electrotech costs create a fast catch up path for Global South
A new energy pathway is emerging for developing economies, one that challenges the assumption that fossil fuels are a prerequisite for growth, according to a new report by Ember.
Chevron eyes new exploration blocks in Egypt as investment climate improves
US energy major Chevron (NYSE:CVX) is currently in talks with Egypt’s Ministry of Petroleum and Mineral Resources to invest in three new exploration areas.
UAE, Kuwait intercept Iranian drones targeting oil and energy infrastructure
Kuwait says its air defences dealt with 28 Iranian drones since 8am, with strikes causing significant damage to oil infrastructure, power stations and water desalination plants in the south of the country.
Saudi Arabia welcomes US-Iran ceasefire
Saudi Arabia welcomes the US-Iran ceasefire and praises Pakistan's mediation by PM Sharif and Field Marshal Munir.
Nigeria’s NNPCL begins exporting new Cawthorne crude grade to Europe
Nigeria has begun exporting a new crude grade, Cawthorne, with the first cargo shipped to Europe as the NNPCL seeks to expand its export slate, boost production and improve its competitiveness in global oil markets.
Dragon announces new oil discovery in Egypt’s Gulf of Suez
UAE energy company Dragon Oil, wholly owned by the Dubai-government-owned Emirates National Oil Company (ENOC), has announced a new oil discovery in Egypt’s Gulf of Suez, in partnership with GUPCO and the Egyptian General Petroleum Corporation.
Trump agrees to two-week ceasefire with Iran after Pakistani mediation
Trump agrees to a two-week ceasefire with Iran after Pakistani mediation, suspending threatened strikes on civilian infrastructure.
Eni announces significant gas discovery off Egypt’s Mediterranean coast
Italian energy major Eni (BIT:ENI) announced a significant discovery of natural gas and condensates off Egypt’s Mediterranean coast on April 7, a development that could bolster the country’s energy outlook
Energy strikes redraw Gulf risk for global oil and gas
Violence between Israel, the US, and Iran reached a fever pitch this week, as targeted strikes on refineries and ports crippled vital global energy infrastructure.
Price of Russia’s Urals oil hits highest since 2013
Price of Russian Urals blend oil hit the highest in 13 years amid the supply squeeze fallout from the war in Iran
Energy shock drives food price pressures in North Macedonia
Policymakers, businesses and households are bracing for potential spillover effects as higher energy costs begin to filter through the economy.
Blackstone invests in Bulgarian solar developer Sunotec
German-Bulgarian solar photovoltaic developer Sunotec has secured a structured equity investment from funds managed by Blackstone’s Tactical Opportunities unit to support its expansion across Europe.
US strikes hit Kharg Island defences as Iran says oil exports intact
US forces struck military targets on Iran’s Kharg Island, as Iranian sources insisted the country’s main oil export hub remained fully operational despite heavy bombardment.
Can pipelines make a comeback?
The shock to LNG supply is forcing buyers to confront both physical disruption and rising dependence on the US, which could revive interest in long-stalled pipeline projects.
The world could run out of chocolate by 2050
The world could face a severe shortage of chocolate by 2050 as climate change disrupts cocoa production in key growing regions, according to scientific estimates and industry data.
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