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ADNOC subsidiary XRG completes acquisition of Galp’s stake in Mozambique’s Rovuma Basin LNG projects
XRG, a wholly owned subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), has completed its acquisition of Portuguese oil and gas company Galp Energia’s 10% interest in the Area 4 concession in Mozambique’s Rovuma Basin.
Serbia advances key oil pipeline project with Hungary
The Serbian government has approved the construction of a critical oil pipeline connecting Serbia to Hungary, aiming to secure the country’s energy future amid the looming threat of US sanctions on its national oil company, NIS.
US revokes Repsol, Eni, and Maurel et Prom Venezuela oil licences
The Trump administration has stripped oil majors Repsol, Maurel et Prom and Eni of Venezuela crude export licences, ratcheting up pressure on the regime of President Nicolas Maduro.
Cracks appear in EU plan to adopt Japan-style LNG model
The European Union is in the midst of assessing whether to adopt a “Japanese model” of direct investment in LNG projects as the bloc grapples with high energy prices and low gas storage levels.
Venture Global requests FERC permission to start Calcasieu Pass
The US’s second-largest LNG producer Venture Global has requested approval from federal regulators to begin operations at the firm’s Calcasieu Pass LNG export terminal and its TransCameron pipeline project in Louisiana.
Shell targets 5% annual increase in LNG sales over next 5 years
Shell is aiming for a 4-5% annual increase in LNG sales over the next five years, stated the supermajor’s finance chief, Sinead Gorman.
US postpones sanctions on Serbia's NIS for another 30 days
Negotiations have been ongoing between NIS representatives and US and Russian officials since the company was included in a broad package of US sanctions against Russia’s energy sector.
Saudi national afforestation programme to launch digital monitoring platform
Saudi Arabia's National Afforestation Programme will soon launch an electronic platform to monitor projects interactively and provide accurate, real-time reports to officials and stakeholders.
Panama revokes 128 ship registrations in crackdown on Russia and Iran’s shadow fleet carrying oil
Panama has intensified its crackdown on sanctioned vessels by revoking the registration of 128 ships, a move primarily targeting the "shadow fleet" facilitating oil exports from Russia and Iran.
Ghana secures $25bn climate deal in major public-private partnership
Ghana has struck a landmark $25bn agreement with the private sector to combat climate change and drive sustainable development, marking one of the largest nature-based initiatives globally.
US sends Kyiv an even harsher fourth version of the mineral deal
A new draft of the proposed US-Ukraine minerals deal has drawn criticism in Kyiv as the new demands are even harsher than the previous three versions.
Malaysian government under scrutiny over Sapura Energy financial crisis
The company’s debt started ballooning due to aggressive expansion strategies that started in 2018, when it sought external financing to sustain operations, taking on multi-currency loans from various financial institutions.
Elon Musk's Tesla turns to Saudi Arabia amid collapsing sales
US electric vehicle manufacturer Tesla Inc. will enter the Saudi Arabian market in early April 2025
Nigeria signs 2,600-MW solar module deal with LONGi Solar France for hydrogen hub
Nigeria has signed a 2,600-megawatt solar module supply agreement with LONGi Solar France in support of a major green hydrogen development located in Akwa Ibom State.
Hungary to expand energy cooperation with Russia, foreign minister says in live stream from Red Square
Hungary views the operations of its oil company MOL in Russia as highly successful and expects further expansion, Foreign Minister Peter Szijjarto said during his visit to Moscow.
Trading firm Vitol enters bidding race in Citgo auction, Red Tree selected as stalking horse
Vitol, a prominent trading firm, has entered the bidding race to acquire US refiner Citgo and filed a request with a federal court seeking further details on the stalking horse bid.
Green energy debts could derail Ukraine's green transition
A chronic debt crisis is threatening to undermine Ukraine’s efforts to attract investment into renewable energy sources.
Panic buying begins in Nigeria as naira-for-crude initiative ends
The Nigerian government’s cancellation of the naira-for-crude initiative has led to the beginnings of a fuel crisis, with retailers hoarding fuel to guarantee they have enough to sell at a higher rate – according to Business Insider Africa.
SNPC presents Gas Master Plan at Congo Energy & Investment Forum in Brazzaville
The Republic of Congo’s national oil company SNPC has outlined its forthcoming Gas Master Plan (GMP) designed to serve as a roadmap to developing the country’s gas resources for domestic and export markets.
Canadian explorer Africa Oil completes “transformational” Prime consolidation, declares quarterly dividend of $25mn
Canadian oil and gas exploration company Africa Oil Corp. (Africa Oil) has announced the completion of the amalgamation to consolidate all of the Prime Oil & Gas Coöperatief (Prime) shareholding in Africa Oil.
South African lawmakers visit Astron refinery amid fuel supply concerns
South African lawmakers conducted an oversight visit to the country’s Strategic Fuel Fund (SFF) in Saldanha and the Astron Energy Refinery in Milnerton on March 25-56, as the country grapples with an acute fuel shortage.
Russia, US discussing restarting Nord Stream gas deliveries to Europe
Moscow and Washington are currently in talks on the possibility of restarting Nord Stream gas pipelines deliveries to Europe, Russian Foreign Minister Sergey Lavrov said.
Woodside strikes 15-year LNG deal with China Resources Gas
Woodside Energy has signed a 15-year deal to supply LNG to China Resources Gas International, marking the Australian firm’s fourth long-term LNG deal in Asia since the start of 2024.
UK could produce half of oil and gas it needs by 2050 under right conditions: OEUK
The UK could supply half of its projected oil and gas demand by 2050 through domestic production if investment conditions improve.
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