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New offshore player 1947 Oil & Gas enters US Gulf
A new oil and gas company, 1947 Oil & Gas, has entered the US Gulf of Mexico by agreeing to acquire Renaissance Offshore.
Iran says first Hormuz toll revenue deposited at central bank
Iran's parliament vice speaker Hamidreza Haji Babaei has said the first revenue from Strait of Hormuz tolls has been deposited at the Central Bank of Iran.
Egypt set to boost Israeli gas imports by 21% in May
The Egyptian Ministry of Petroleum and Mineral Resources is expecting a 21% increase in the country’s imports of Israeli natural gas, raising volumes to around 1.15bn cubic feet per day by May 2026
Military use of Caspian Sea is intolerable, says Kazakhstan’s leader
At ecological summit, Tokayev names no countries, but Russia’s lobbing of missiles at Ukraine from the sea and Ukrainian oil platform attacks come to mind.
VIDEO: The moment the IRGC seized the offending ships in the Strait of Hormuz
Iran’s IRGC Navy says it seized the container ships MSC Francesca and Epaminondas in the Strait of Hormuz on April 22, releasing a dramatic video.
Renewables overtake coal in global electricity mix – Statista
Ten years after the Paris Agreement was opened for signature by member states at the UN Headquarters in New York on April 22, 2016, the global energy transition is beginning to reshape the electricity mix, Statista reports.
Trump's blockade of Hormuz fails as dozens of tankers pass through - FT
The Trump administration naval blockade of the Strait of Hormuz failed after at least 34 tankers with links to Iran passed through the narrow waterway and exited the Persian Gulf in defiance of the US warships attempts to halt Iran’s oil exports.
Ukraine restarts Druzhba oil transit, first shipments en route to Hungary and Slovakia
Hungary and Slovakia previously claimed Ukraine was using the suspension of crude oil deliveries on the Druzhba pipeline as leverage to pressure them into backing a €90bn loan package.
Phillips 66, Kinder Morgan to proceed with Western Gateway pipeline
Phillips 66 and Kinder Morgan announced this week that they had secured enough shipper commitments to move forward with development of the Western Gateway refined product pipeline.
Latin America oils up as Hormuz crisis reshapes global energy supply
From Vaca Muerta to the Orinoco, Latin America is sitting on the world's most coveted untapped crude. The Iran war may finally force it to act.
Latin America’s role in global supply set to increase because of Middle East war
A prolonged oil price near $100 a barrel could give South America a larger role in global supply than many market watchers expected, according to Rystad Energy.
Nigeria’s Dangote refinery to expand downstream petchem portfolio with major LAB facility
Honeywell will provide process technologies and catalysts for both Dangote's Linear Alkylbenzene (LAB) unit and a 750,000tpy propylene production facility.
Developing countries must not bear climate burden alone, Central Asian leaders say
Presidents tell Regional Ecological Summit in Astana the global shift to a low-carbon economy risks deepening inequality unless it is managed fairly with stronger support for developing countries.
Japan’s JAPEX hints at profit cuts due to Middle East disruption
Japan Petroleum Exploration has issued a press release warning of the impact on its business from escalating tensions in the Middle East, indicating that higher LNG procurement costs and suspended oil production are expected to weigh on earnings.
Russian state agency warns Hungary's incoming government against reviewing Paks nuclear deal
Russian state agency RIA Novosti has warned Hungary's incoming Tisza government against reviewing the Paks 2 nuclear deal, saying Magyar's criticism of the €14.7bn ($16.69bn) cost is "self-promotion and informational noise."
COMMENT: Why China is hedging for now in the Middle East
As the US-Israel-Iran war enters its second month, one of the most consequential geopolitical actors has been conspicuous by its silence. China has not intervened, has not condemned, and has not chosen sides in any meaningful public way.
Kazakhstan pushes for regional cooperation on climate as threats increase
Kazakhstan’s Ecology Minister Yerlan Nysanbayev called for deeper cooperation across Central Asia to tackle shared environmental issues ahead of the Regional Ecological Summit in Astana.
Egypt to connect 500MW solar project to national grid in May
Egyptian Minister of Electricity and Renewable Energy, Mahmoud Essmat, announced that the second phase of the Obelisk solar power project in Nagaa Hammadi
Putin says Russia "knows how it will end" in Ukraine but will not announce war goals publicly
Russian President Vladimir Putin has said Moscow knows how the war in Ukraine will end but will not make public statements on the outcome, telling municipal officials Russia will simply implement its goals.
UAE warns it could sell oil in yuan if dollar liquidity crunch hits
The UAE has warned Washington it could switch to yuan or other currencies to settle oil sales in the event of a severe dollar shortage, with reserves at $270bn as Gulf state faces mounting Iran war pressure.
Panama Canal auction prices quadruple as Hormuz closure reshapes global energy flows
A Chinese tanker just paid $4mn to jump the Panama queue. With Hormuz near-closed, the canal has become the world's most contested shipping lane — and prices are only heading one way.
Atomic Eagle reports 28.0mn lb uranium oxide reserve at Zambia project, bolsters board
Atomic Eagle Ltd (ASX:AEU) has reported a 28.0mn pound uranium oxide (U₃O₈) reserve at its Muntanga project in Zambia and reshaped its board, positioning the company to benefit from tightening global uranium supply and rising nuclear demand.
India’s renewable surge hits critical mass as solar drives structural shift
Much of this has been underpinned by falling technology costs and a hard fought push for energy security in which the pace of expansion over the past 12–18 months has been particularly notable.
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