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Russia offers Indonesia full-spectrum nuclear cooperation package
Rosatom has said it is ready to offer Indonesia a comprehensive framework for developing its nuclear energy programme, spanning gigawatt-scale reactors, small modular units and floating nuclear power plants.
Libya targets restart of Ras Lanuf oil refinery within a year
Libya aims to restart the Ras Lanuf Refinery within 6 to 12 months, as the country seeks to strengthen domestic fuel supplies and revive key energy infrastructure
Brazil’s Petrobras posts record quarterly output of 3.23mn bpd in Q1
State-owned Petrobras posted its highest average quarterly production during Q1 at of 3.23mn barrels of oil equivalent per day, up by 16.1% year on year.
Egypt signs MoU with TotalEnergies for West Mediterranean gas exploration
Egyptian Natural Gas Holding Company (EGAS), the state-owned company affiliated with Egypt’s Ministry of Petroleum and Mineral Resources, signed a memorandum of understanding on May 13 with French energy major TotalEnergies
Return of large grazers to curb steppe fires and restore ecosystems in Kazakhstan
Reintroduction of saiga antelopes had broader implications for the overall health of the steppe ecosystem.
Nigeria’s domestic oil firms drive upstream revival and target $35bn investment push
Nigeria’s domestic oil and gas producers have increased their share of national crude output to 27% from 12% a decade ago and are preparing about $35bn in new investments
ANPG extends TotalEnergies production licence for Block 32 offshore Angola until 2043
Block 32 is one of Angola’s largest oil-producing assets, spanning 5,340 square kilometres, and includes the Kaombo ultra-deepwater project, which connects six offshore fields to two FPSOs.
Trump backing of Chinese EVs threatens Hyundai
South Korea leading automotive player Hyundai Motor Group is facing a serious threat to its US market share after President Donald Trump repeatedly called for Chinese investment.
Egypt eyes Algerian crude imports to secure summer energy supplies
Egypt’s Ministry of Petroleum and Mineral Resources is studying plans to import around 6mn barrels of crude oil from Algeria starting in July 2026, as part of efforts to diversify supply sources and strengthen energy security,
Libya regains full control of Ras Lanuf refinery and petrochemical complex as Trasta Energy exits
Libya signed a final agreement with Trasta Energy to end their partnership in the Libyan Emirates Oil Refining Company (LERCO), restoring full Libyan ownership and management of the Ras Lanuf refinery and petrochemical complex
Nigerian billionaire Dangote favours Kenya over Tanzania for 650,000-bpd East Africa oil refinery
Africa's richest man says Kenya is emerging as the preferred location for a proposed $15bn–$17bn refinery, citing Mombasa’s deep port and large fuel market.
ADNOC injects $55bn into UAE refining and manufacturing activities
ADNOC confirmed that it is deploying AED 200bn ($55bn) in capital investment across refining, manufacturing and marketing between 2026 and 2028.
Cost estimates rise for Woodside’s delayed Browse LNG project
Australia’s Woodside Energy has raised its cost estimate for its long-delayed Browse LNG project.
ASEAN’s power gamble will shape the region’s economic future
Electricity demand across the wider ASEAN region is rising rapidly. Manufacturing expansion, electric vehicle adoption and the construction of energy-intensive data centres are driving consumption higher and higher every day.
World oil inventories falling fast towards hard operational floor
The world's oil buffer is disappearing faster than at any point in recorded history. Two months into the near-closure of the Strait of Hormuz, global inventories are drawing down at a pace that has already exceeded the previous quarterly record.
Is the UAE breaking away?
The UAE has left OPEC, lost a proxy war with Saudi Arabia in Yemen, armed a militia accused of genocide in Sudan, recognised Somaliland alongside Israel, and welcomed an Iron Dome battery onto its soil.
Fitch raises 2026-27 oil and gas price assumptions on prolonged Hormuz closure
Fitch Ratings has raised its 2026-2027 oil and gas price assumptions on a longer Strait of Hormuz closure, assuming reopening around July, with Brent expected at USD100-110 per barrel through July before falling to USD70 by September.
Morocco-Nigeria gas pipeline advances in Washington talks
The Moroccan National Office of Hydrocarbons and Mines (ONHYM) held a series of high-level meetings in Washington to discuss progress on the $25bn Atlantic African Gas Pipeline (AAGP)
Global biofuel production up sevenfold in the last two decades - OWID
In the late 20th century, a handful of countries — led by Brazil and the United States — turned to liquid biofuels to reduce their dependence on foreign oil markets, producing transport fuels from cheap crops instead.
Slovak PM Fico holds urgent talks with state oil company after hinting that Moscow is in energy talks with US
Fico declined to give details on the urgent meeting with Transpetrol but hinted at US interest in energy deals with Russia.
Italy’s Edison expects two-thirds of LNG supply from Qatar to be delivered shortly after any peace deal
QatarEnergy’s largest Italian customer Edison forecasts that it will receive about two-thirds of its contract LNG volumes between 30 to 45 days after any peace deal between the US, Israel, and Iran.
India's Gujarat state commissions 870-MW battery storage capacity across five locations
India’s western state of Gujarat has rolled out battery energy storage systems with a combined capacity of 870 MW at five sites as part of its push to strengthen renewable energy integration and grid reliability.
Iraq’s Qurnain find suggests new upstream potential, but export constraints bite
Iraq has reported a large oil discovery near its southern border with Saudi Arabia, adding a fresh note of promise to a sector still constrained by weak export capacity
Solar-plus-storage fall below those of fossil fuels - IRENA
wRenewable power paired with battery storage is becoming cost-competitive with fossil fuels for around-the-clock electricity supply, according to a new report from the International Renewable Energy Agency (IRENA).
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