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Trump U-turns on $5bn offshore wind farm off New York in return for gas deal
The Trump administration has reversed its decision and is now allowing oil giant Equinor’s under-construction $5bn Empire Wind 1 project to proceed off New York.
Russia files WTO complaint against EU's carbon border adjustment mechanism
Russia argues the measure violates global trade rules and unfairly restricts access for non-EU producers.
Novatek reportedly starts up Arctic LNG-2's second train
Russia’s Novatek has commissioned the second liquefaction train at its Arctic LNG-2 project, Reuters and Bloomberg reported on May 20, citing sources familiar with the development.
TotalEnergies agrees to 20-year LNG purchase deal with Canada’s Ksi Lisims
Canada’s fledgling LNG sector has scored another win, with the proposed Ksi Lisims LNG project taking a key step forward after the announcement on May 19 of a 20-year offtake agreement with TotalEnergies.
Mozambique, Zambia sign MoU to build $1.5bn Beira-Ndola fuel pipeline
Mozambique and Zambia have signed a memorandum of understanding for the construction of a pipeline to transport refined petroleum products.
EVs to account for one in four car sales this year
Global electric vehicle sales are expected to more than triple by 2030, reaching 45mn units annually, driven by expanding markets in China and strengthening policy support in advanced and emerging economies, according to the IEA.
Nigerian president approves key licences for Kolmani oil project in northern states
Nigerian President Bola Tinubu has approved the issuance of key regulatory licences for the Kolmani Integrated Development Project, a major oil exploration initiative located between the northern states of Bauchi and Gombe.
Russia pushes to grow its influence in Africa’s nuclear future
Russia, under sanctions from the West over the war in Ukraine, is using nuclear partnerships to grow its influence in Africa.
Oman LNG signs sales and purchase agreement with Vitol
State-run Oman LNG has signed a sales and purchase agreement with Swiss-based Dutch multinational energy and commodity trader Vitol.
Taiwan shuts down final nuclear reactor, pivots to LNG
Taiwan is looking to ramp up purchases of LNG cargoes on the spot market after the island shut down its final nuclear reactor.
Indonesia's energy future: The structural hurdles to achieving independence
As Indonesia accelerates its march toward energy independence, President Prabowo Subianto's administration has made ambitious declarations: achieving full energy sovereignty within five years
Serbia negotiates new long-term gas deal with Russia
Serbia has increased efforts to diversify its energy sources but remains heavily dependent on Russian gas.
Tensions in the Baltic Sea: Russia detains oil tanker that left Estonian port
Russian authorities detained a Greek-owned oil tanker, Green Admire, on May 18 after it departed from Estonia’s Port of Sillamae en route to Rotterdam, and was transiting Russia’s territorial waters along a previously agreed shipping corridor.
Iraq rediscovers its forgotten Somalian refinery after 45 years
An Iraqi oil refinery built in Somalia in the 1970s has remained abandoned for nearly 45 years, before re-emerging into public awareness during recent diplomatic talks.
Latin American EV market accelerates threefold in 2024
The number of light electric vehicles in Latin America and the Caribbean saw a dramatic surge last year, tripling in size from 154,966 registered units at the end of 2023 to 444,071 vehicles by December 2024, according to data from Olade.
Kenya allocates $12.90mn to revive stalled Turkana oil project
Kenya has more than doubled its funding for the long-delayed Turkana oil project, allocating KES 1.67bn ($12.90mn) in the 2025/26 fiscal year to accelerate preparatory work for commercial production.
China’s growing gap to Paris pledge threatens meeting of climate targets
The introduction of new Chinese renewable electricity pricing rules in June threaten the country’s ability to meet its Paris Agreement 2030 climate commitments, according to a report by Carbon Brief.
China’s CO2 emissions go into reverse for the first time
For the first time, China, the world’s biggest emitter of greenhouse gases, has seen its CO2 emissions go into reverse and start falling, despite a rapid growth in demand for power.
The world is getting darker, absorbing more sunlight, which is accelerating the Climate Crisis
The world is getting darker as the ice melts and that means it is absorbing more and more sunlight, which is accelerating the process.
COMMENT: Europe must choose either to accept 15% of Russian gas supplies or zero
The European Commission on May 6 unveiled a brief roadmap outlining how it plans to achieve the EU objective of eliminating all remaining Russian energy imports by 2027.
Egypt examines LNG supply offers from Saudi Aramco, UAE’s Adnoc, Algeria’s Sonatrach, and QatarEnergy
Egypt's state-owned gas company EGAS has received several offers to supply liquefied natural gas (LNG) shipments urgently needed for summer.
Tullow Oil agrees $300mn sale of Gabon assets to state-owned GOC
Tullow Oil has signed a definitive sale and purchase agreement with Gabon Oil Company (GOC) to divest its entire non-operated working interests in Gabon for $300mn, as part of efforts to strengthen its balance sheet and focus on higher-margin assets.
Namibia expects FID by TotalEnergies on Venus discovery by late 2026, says petroleum commissioner
Namibia is expecting a final investment decision (FID) by French energy supermajor TotalEnergies on its Venus discovery in the Orange Basin by late 2026, according to Maggy Shino, petroleum commissioner at Namibia's Ministry of Mines and Energy.
Brazil and Russia edge closer on nuclear deal
Brazil and Russia are expected to advance cooperation on small modular reactor (SMR) technology, Brazil’s Minister of Energy Alexandre Silveira said after a visit to Moscow with President Luiz Inácio Lula da Silva.
Strathcona to sell Montney assets while buying Hardisty rail terminal
Canada’s Strathcona Resources has agreed to sell its assets in the Montney shale play in three separate transactions worth a combined CAD2.84bn ($2.03bn), while buying the Hardisty rail terminal.
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