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Arctic warming accelerates to seven times the global average, catastrophic damage “locked in”
The Arctic experienced record high temperatures this winter as warming accelerated again and is now running seven times faster in the North Barents Sea than the rest of the world, researchers have found. Catastrophic damage is now "locked in."
Turkmenistan's economic transformation: a new frontier for global investment
The upcoming International Forum to Attract Foreign Investments in Turkmenistan's Economy (TEIF 2025), scheduled for April 23-24, 2025, in Kuala Lumpur, Malaysia, is poised to be an all-important event.
Tariffs: Who Imports Venezuelan Oil? - Statista
On top of being the potential target of reciprocal tariffs by the United States from April 2 on, India has now been threatened with another type of US trade action.
Turkmenistan, Romania hold energy talks in Ashgabat
Turkmenistan and Romania held the eighth meeting of their joint working group on energy cooperation in Ashgabat.
No new US tariffs on Canada, Mexico oil or gas
President Donald Trump unveiled his “Liberation Day” tariffs on April 2, and the US, Canadian and Mexican oil and gas industries breathed a sigh of relief. No new tariffs have been imposed on oil or gas imports from Canada or Mexico to the US.
Taliban seek $100mn from World Bank to restart work on CASA-1000 electricity transmission project
Ambition to interconnect Central Asian and South Asian power grids held up by incomplete work in Afghanistan.
US imposes 17% tariffs on Israeli goods while Iran faces only 10%
US President Donald Trump announced a comprehensive new trade policy on April 2 that reveals a striking disparity in tariff rates between Israel and Iran.
Shell wraps up sale of chemicals park in Singapore
Indonesia’s Chandra Asri Group and commodities giant Glencore have finalised the acquisition of Shell’s Energy and Chemicals Park in Singapore.
CNOOC makes major oil and gas find in South China Sea
China’s monopoly offshore oil operator CNOOC announced a major discovery in the Huizhou 19-6 oilfield in the eastern South China Sea on March 31, raising the field’s proven in-place volumes to over 100mn tonnes (733mn barrels) of oil equivalent.
Norway's Castberg oilfield finally starts production
It is the second major oil project to come on stream in the country’s Arctic waters.
EU may stall Russian energy phase-out amid high prices, fear of overreliance on US LNG
The EU may fear the Trump administration could weaponise gas supply just as the Kremlin has.
Nigeria’s Dangote refinery buys Brazilian crude amid supply shortfalls
Nigeria’s Dangote refinery has purchased crude oil from Equatorial Guinea and Brazil as domestic suppliers become increasingly unreliable.
Desertification drives thousands of families from their homes in Iraq’s Dhi Qar
Dhi Qar Province has recorded the highest displacement rate due to desertification and drought in Iraq, with more than 1,000 people officially registered.
South Africa's first onshore LNG producer Renergen ups output by 22%
South Africa’s first liquefied natural gas (LNG) producer, Renergen has reported a 21.97% increase in output to 1,371 tonnes (t) from the previous quarter's production of 1,124t.
Trump threatens extreme secondary sanctions on countries dealing with Russia if Putin doesn’t do ceasefire deal
President Donald Trump has thrown his weight behind a sweeping bipartisan bill that could impose 500% secondary tariffs on buyers of Russian oil if Russian President Vladimir Putin doesn’t do a ceasefire deal with Ukraine.
EU LNG imports rise 17% in March
LNG deliveries from European import terminals to the EU gas grid surged to an all-time high of 12.7 bcm in March.
MOL AGM approves massive dividend payout, equating to 9% dividend yield
Hungary’s MOL has announced plans for a HUF220.4bn (€560mn) dividend payout for 2025, as the oil and gas giant seeks to maintain shareholder returns despite earnings cooling from their 2022 peak.
Nigerian petrol prices increase as naira-for-crude talks stall
Nigerian petrol prices have continued to rise as the country’s downstream oil and gas sector awaits a decision from the federal government on whether to continue the naira-for-crude deal.
Indian solar firm Prozeal Green Energy plans to raise $82mn via IPO
Indian solar EPC company Prozeal Green Energy plans to raise INR7bn ($82mn) through an initial public offering (IPO)
India’s energy growth to follow unique low-carbon path
India is expected to become an important player in global energy markets, following a distinct growth path marked by lower energy intensity, a diverse energy mix and expanding commodity imports, according to Wood Mackenzie's latest Horizons report.
Chinese firm wins project management deal for Iraq oilfield
Chinese company HQC has secured a contract to provide project management services for Iraq's West Qurna 1 oilfield
Beijing blocks BlackRock's Panama port deal amid US-China tensions
The proposed sale of two key Panamanian ports by Hong Kong-based CK Hutchison to a consortium led by BlackRock has hit a roadblock, as China exerts pressure to halt the deal.
Mexican authorities seize record fuel shipment in “Anti-Huachicol” operation
A recent confiscation of millions of litres of illicit fuel in Mexico has sparked discussions about the country's ongoing battle against fuel smuggling, widely known as "huachicol."
Inspired Evolution raises $239mn for investment in Africa's renewable energy sector
South African private equity firm Inspired Evolution, focussed on clean energy, has achieved financial close of its Evolution III Fund, raising $238mn for investment on the continent.
Uganda to see $2.81bn oil and gas investment in 2025
Uganda’s Petroleum Authority (PAU) has announced that oil and gas companies are expected to invest at least $2.81bn domestically in 2025 up from $2.44bn last year.
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