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Nigeria’s NNPCL signs MoU with Chinese companies to revive refineries with equity partnership model
Nigeria’s state oil company entered wants Chinese firms to accelerate the overhaul and restart of the state-owned 210,000-bpd Port Harcourt and 125,000-bpd Warri refineries amid soaring oil prices.
Fuel prices in Morocco ease in May after weeks of sharp increases
Fuel prices in Morocco declined by around MAD 1 ($0.1) per litre in May, marking the first notable correction after weeks of consecutive increases that had pushed prices to record levels.
Japan quietly resumes Russian oil imports as Hormuz crisis forces a pragmatic rethink
A cargo of Russian oil arrived in Japan for the first time since the closure of the Strait of Hormuz as pragmatism overtakes principles in Tokyo.
ABB Egypt targets $5mn investment in clean energy solutions
ABB Egypt, a subsidiary of the Swiss-Swedish multinational ABB (SIX: ABBN), plans to invest $5mn in clean energy solutions before the end of 2026.
ADNOC ramps up expansion with $55bn capital push following OPEC departure
ADNOC has initiated a $55bn infrastructure investment phase for the 2026 to 2028 period
Switzerland breaks ground on world's most powerful battery
A construction crew in northern Switzerland is excavating a pit the size of two football pitches and 27 metres deep that will house the world's most powerful battery when it opens in 2029 — a $1bn batter that can supplying 210.000 homes
Egypt signs agreement to finance major renewable energy projects
Egypt’s Tahya Misr Holding for Investment and Development has signed a protocol with the Ministries of Electricity and Renewable Energy and Finance to fund a series of renewable energy projects
Shell to begin gas production from Egypt’s West Mina field late 2026
International oil major Shell (NYSE:SHEL) is set to begin natural gas production from Egypt’s West Mina field in the Mediterranean Sea in Q4 2026, in partnership with Kuwait Foreign Petroleum Exploration Company (KUFPEC).
Renewables have saved Europe €100mn every day since the start of the Iran war
Solar power has been saving Europe more than €100mn a day since the US-Israel war on Iran began, Euronews reports, as the Strait of Hormuz blockade transforms the economics of Europe's energy transition from a climate crisis to a security issue.
AEC calls on African oil producers to remain in OPEC after UAE exit
The African Energy Chamber (AEC) has urged African oil-producing countries – Algeria, the Republic of Congo, Libya, Equatorial Guinea, Gabon and Nigeria – to remain within OPEC.
Coal mines are leaking vast amounts of methane into the atmosphere and almost no one is measuring it - Ember
Almost five years after 159 countries signed the Global Methane Pledge committing to cut anthropogenic methane emissions by 30% by 2030, coal mines are releasing roughly the same amount of the potent greenhouse gases.
Australia's giant battery fleet has killed the evening price spike
For decades, the economics of electricity markets around the world have been governed by a simple and expensive daily ritual: as the sun goes down, solar generation drops, demand rises, and coal- and gas-fired plants switch on to fill the gap
Three US potential buyers emerge for Shell’s LNG Canada stake
Three US investment firms have expressed interest in acquiring a portion of Shell’s share in LNG Canada.
OPEC+ core adjusts output as UAE finalises institutional withdrawal
The UAE has formally withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), deepening its strategic pivot away from multilateral energy frameworks
World’s largest sand battery survives its worst winter, ready for roll out
The world's largest sand battery can store enough heat to warm a whole town for a week during the worst of a Finnish winter.
Egypt announces new natural gas discovery in Nile Delta
Egypt’s Ministry of Petroleum and Mineral Resources has announced a new natural gas discovery in the Nile Delta, marking a significant step towards strengthening domestic energy production
Egypt plans to cut fuel imports by 25% in May as demand eases
The Egyptian government is currently planning to reduce its fuel imports by up to 25% in May, as domestic demand declines following the introduction of commercial energy-saving measures
Egyptian government slashes oil partners' arrears to $714mn
Egypt’s Ministry of Petroleum and Mineral Resources has announced a further decline in outstanding payments owed to foreign oil companies, with the total arrears dropping to $714mn,
Ukraine steps up attacks on Russian oil infrastructure to record monthly high in April
Ukraine has intensified its long-distance missile campaign against Russian oil infrastructure, carrying out a record 21 attacks on refineries, sea terminals and pipelines in April — the highest monthly total since December.
Post Assad Syria sill dependent on Russian oil
Russia has emerged as the main supplier of oil to Syria, despite the new government's reaching out to the West and uncomfortable relations with Moscow over its military support for the fallen Assad regime.
COMMENT: We are fighting the wrong war
Imagine if an alien bug invaded the earth. I'm not talking about the big slick black monsters that bite your head off from the Alien franchise. I'm talking about tiny little nondescript bugs that gnaw away at plants and have a taste for concrete.
Russia accuses West of wanting to wreck Rosatom’s plans to bring nuclear power to Central Asia
Security Council official says campaign to discredit state corporation is under way.
COMMENT: Did Europe just hand the future to Madrid?
Spain's Socialist government is delivering Europe's fastest growth, the EU's most outspoken stance on Gaza, the continent's biggest Chinese EV investments and Latin America's only serious European interlocutor.
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