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Fitch affirms Taipower’s top credit rating amid mounting transition costs

Fitch Ratings has reaffirmed the financial strength of Taiwan Power Company (Taipower), assigning a ‘AAA(twn)’ rating to the state-owned utility’s proposed TWD16.1bn ($520mn) bond issue, underscoring the company’s vital public role.

Trump signals possible India visit amid evolving energy pivot

The US President, Donald Trump, has indicated that he may visit India next year, signalling a potential deepening of ties between Washington and New Delhi and raising questions over energy and geopolitical strategy.

Turkey arrests directors of fuel retailer TP after SOCAR complaint

Police describe around 18,500 tonnes of fuel as "missing".

Poland plans to become US gas hub to supply Slovakia and Ukraine

Poland will seek to become a regional distribution centre for American gas to supply neighbouring Slovakia and Ukraine, President Andrzej Nawrocki said while on a visit to Bratislava.

IEA pledges major role in climate finance as COP30 opens in Brazil

The International Energy Agency is taking on an expanded role in accelerating clean energy investment as global leaders gather in the Amazonian city of Belém for the COP30 climate summit.

Bulgaria moves to seize Lukoil refinery to shield it from US sanctions

Bulgaria is preparing to take control of Russian oil company Lukoil’s Burgas refinery, the country’s only oil-processing facility, to protect it from US sanctions.

Brazil unveils $125bn tropical forest fund ahead of COP30 summit

Brazil will launch a new financing mechanism to reward countries for preserving tropical forests, seeking $125bn in public and private investment, the finance ministry said ahead of the COP30 climate summit in Belém.

BP to sell US onshore midstream assets for $1.5bn

BP has agreed to sell non-controlling interests in Permian and Eagle Ford midstream assets owned by its BPX Energy unit to funds managed by Sixth Street for around $1.5bn.

Nigeria: Dangote lawsuit dismissed by court

Nigeria’s Federal High Court has dismissed a suit filed by 650,000 barrels per day (bpd) Dangote refinery in November 2024.

Nigeria's NNPCL targets 2mn bpd output, $30bn–$60bn co-investment to accelerate upstream recovery

The NNPCL said crude oil production has reached about 1.7mn barrels per day (bpd). It targets 2mn bpd by 2027 and is seeking between $30bn and $60bn in partnerships by 2030 to accelerate oil, gas, and infrastructure projects.

SABIC sees pressure on profit margins due to petchem overcapacity

Saudi Basic Industries Corp. (SABIC) CEO Abdulrahman Al-Fageeh said this week that global overcapacity in the petrochemicals industry had put pressure on profit margins, leading to reduced operating rates.

Nigeria's Ondo State announces $50bn investment framework for proposed 500,000bpd refinery, free trade zone

Ondo State signed a $50bn investment agreement with a consortium of international firms, including China Harbour Engineering Company and Honeywell OUP, to build a 500,000-bpd refinery and develop a 1,471-hectare free trade zone.

US shale players SM Energy, Civitas announce merger

Two US shale producers, SM Energy and Civitas Resources, agreed this week to an all-stock merger that will create a company worth $12.8bn, inclusive of each company’s net debt.

Panoro Energy signals stable production outlook, Dussafu offshore Gabon remains core growth driver

Panoro Energy ASA (OSE:PEN) reported stable operating performance ahead of its Q3 2025 results, with the Dussafu Marin block in Gabon continuing to anchor growth plans.

Will Trump’s Central Asia summit in Washington help break the Chinese chokehold on rare earths?

“Rare earths”. As Donald Trump on November 6 hosts Central Asia’s five presidents in Washington, DC, observers can forgive themselves if they quickly lose count of the number of times these buzzwords are uttered.

Riga Airport becomes the first climate-neutral airport in the Baltics

The airport has implemented a range of initiatives to improve energy efficiency, adopt renewable energy sources and promote sustainable transport across its operations.

South Africa–Europe iron ore route could adopt ammonia-fuelled vessels from 2029 — study

Egypt launches international bid round for gas exploration in Red Sea

Egypt’s Ministry of Petroleum and Mineral Resources has launched a new international bid round for oil and gas exploration in four blocks in the Red Sea

JSE-listed Standard Bank invests $40mn in New GX Capital's clean-tech platform Airnergize

Turkmenistan reveals electricity export aspirations

Ashgabat building Caspian power plant.

British multinational Shell signs exclusive $1bn deal to explore for oil offshore Angola

British multinational oil and gas company Shell and Angola’s National Agency for Oil, Gas and Biofuels (ANPG) have signed an exclusive agreement to explore new oil blocks offshore Angola.

Hungary, US set to deepen nuclear energy ties during Orbán’s White House visit

Viktor Orban, seeking to secure a temporary waiver from US sanctions on Russian oil, will propose a pragmatic energy deal to Washington, offering deeper cooperation in the LNG and nuclear sectors.

Abu Dhabi’s capacity ambition accelerates as Exxon signals early milestone

Abu Dhabi’s campaign to cement its long-term market influence is accelerating, with comments reported by Bloomberg this week suggesting its flagship $30bn offshore expansion is running ahead of schedule.

Is Venezuela's resource wealth Trump's real target?

As US military forces mass in the Caribbean, Venezuela's oil and mineral wealth emerges as a potential prize in a looming confrontation that will likely result in the ousting of President Nicolas Maduro.

Shell hints at start-up of second train at LNG Canada before end of year

Supermajor Shell forecasts that the second liquefaction train at LNG Canada will come online before the end of the year, the company’s Chief Financial Officer Sinead Gorman stated.