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Iraq facing worst drought in history as water resources dwindle and climate crisis intensifies
Iraq is facing what officials are calling the "worst drought in its history," as water resources continue to dwindle and agricultural land deteriorates across the country, threatening both human security and economic stability.
Nigeria may need to explore new options to meet growing LNG demand, analysts say
Africa’s LNG projects are attracting international investment owing to their scale and ability to serve growing global markets.
Caspian Sea may become next Aral, but who is to blame?
Some forecasting even indicates the decline of the body of water could pose a threat to the shipping section of the rapidly expanding Middle Corridor transit route.
Chipping point – the climate toll of AI chip-making in East Asia
The meteoric rise of AI is sparking a parallel and largely overlooked environmental challenge: the significant climate impact of chip manufacturing, particularly in East Asia, says a new report from Greenpeace.
Indonesia’s coal politics: maintaining a strategic market price despite Chinese resistance
Indonesia's recent efforts to impose a government-mandated coal benchmark price or Harga Batubara Acuan on exports face resistance from its largest buyer, China
Nigeria’s Dangote refinery denies closing petrol unit for maintenance
Nigeria’s 650,000 barrels per day (bpd) Dangote refinery has denied shutting down its petrol processing unit for maintenance despite a report by Bloomberg claiming that it was undergoing maintenance on April 25.
US LNG sector rebuffs Trump’s attempts to levy tariffs on Chinese-built vessels
The US LNG sector is pushing back against President Donald Trump’s attempt to force the industry to utilise US transport vessels through levying tariffs on Chinese-built ships using US ports.
Rubio denies reports of US planning to lift Nord Stream 2 sanctions
US Secretary of State Marco Rubio denied reports in a statement on X on April 24 that the White House is discussing lifting sanctions on the operator of Russia's Nord Stream 2 gas pipeline.
EU imports of Russian LNG slump 35% in April
The EU’s imports of Russian LNG fell by 35% year on year during the period from April 1-23, dropping from 1.7bn cubic metres to 1.14 bcm.
Cross-border oil smuggling reveals dark underbelly of US-Mexico trade nexus
A Utah couple stands accused of running one of the largest US-Mexico fuel smuggling schemes, allegedly moving 2,900 crude oil shipments worth $300mn—highlighting the deepening ties between white-collar and organised crime.
Chinese refineries handle record crude in March
It remains to be seen whether this reflects a genuine recovery in domestic demand.
Canadian explorer Africa Oil provides update on Marula-1X drilling offshore Namibia
Canadian oil and gas Africa-focused exploration company Africa Oil Corporation (Africa Oil) has received an operational update from Impact Oil & Gas following the conclusion of Impact’s third drilling campaign offshore Namibia.
China and EU step up climate leadership as Trump left out of pre-COP30 talks
Leaders of more than a dozen countries, including China’s President Xi Jinping and European Commission President Ursula von der Leyen, gathered virtually last week for high-level climate talks ahead of the Brazilian COP30.
Australia’s Santos wins final approval for Barossa field from federal government
Development of the offshore Barossa gas field has won final approval from the Australian federal government, putting the AUD5.6bn project on track to start production by the end of this year.
Despite Trump’s Tariffs Woodside takes positive FID on Louisiana LNG
Australia’s Woodside Energy is considering the implications of US tariffs on its Louisiana LNG project after taking a positive final investment decision.
Argentina’s YPF dismisses building onshore LNG plant
State-owned YPF has poured cold water on the idea of constructing an onshore LNG facility near Argentina’s giant Vaca Muerta shale formation.
Iraq explores revival of Kirkuk-Baniyas pipeline
Iraq has resumed discussions with Syria over the rehabilitation of an oil pipeline that could significantly enhance its export capabilities
Unemployed Iraqi engineers block Lukoil’s site in Basra
Unemployed engineers from northern Basra demonstrated today in front of the West Qurna 2 oil field operated by Russian company Lukoil on April 27.
Will quiet Sino-Russian stranglehold damn West’s moves to source more uranium from Kazakhstan?
Brief halt at Kazakh-Canadian producer sparks investor concern and suspicion over Moscow factor.
US postpones sanctions on Serbia’s NIS until June 27
Sanctions on NIS were first introduced by Washington on January 10 as part of a broader package targeting Russian-linked entities in response to the war in Ukraine.
BERTRAND: China now accounts for 64% of world’s renewable energy output
According to the latest report by the International Renewable Energy Agency (IRENA), an extraordinary 64% – nearly two-thirds – of all renewable energy capacity added globally in 2024 was installed in China.
Kazakhstan will put national interests over OPEC+ oil limits, says energy minister
Comments spark fears of price wars and even of a potential de facto exit from the coalition by the Central Asian country.
Azerbaijan and China sign major renewable energy deals
Baku is accelerating its partnerships with major Chinese energy firms in developing large-scale renewable infrastructure, including offshore wind, floating solar and battery storage projects.
Brazil’s Petrobras stock falls 15% in April but analysts maintain bullish outlook
Shares in Brazil’s national oil company (NOC) Petrobras have fallen more than 15% in April, but several leading investment banks are maintaining their buy recommendations, citing attractive dividend yields and valuation metrics
EQT to acquire Olympus for $1.8bn
EQT has agreed to acquire the upstream and midstream assets of Olympus Energy for $1.8bn.
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