Free Top Stories
Saving the Caspian Sea for Central Asia and Kazakhstan
The Caspian Sea has long been a cornerstone of life for Central Asia, especially for Kazakhstan, where it plays a critical role in supporting local economies, biodiversity and communities.
BP to slash global workforce by 5%
BP plans to cut more than 5% of its global workforce as part of a cost-reduction drive led by CEO Murray Auchincloss.
EBRD aims to ramp up investment in Romania to €1bn a year
Increase was largely down to a hike in investment into projects supporting Romania’s green transition.
Russia's ESPO oil transport costs to China triple in wake of Biden sanctions
The cost of transporting Russian ESPO crude oil to China has more than tripled following the introduction of new US sanctions targeting Russia’s oil sector.
US sanctions could affect Rosatom’s collaboration with South Africa’s Eskom
Rosatom signed a cooperation agreement with South Africa’s state-run power utility Eskom focused on a human-centric approach to workforce training. However, US sanctions targeting the Russian energy sector have impacted Rosatom.
Saudi Aramco and Welspun to establish a new pipeline facility
Welspun has signed a partnership deal with Saudi Aramco to establish a line pipe manufacturing facility in Saudi Arabia.
China's EBS discusses East Baghdad plans
Chinese firm EBS has held meetings with Iraq’s Ministry of Oil to discuss plans for the East Baghdad oilfield.
Dangote Refinery increases storage capacity
Nigeria’s 650,000 barrels per day Dangote Refinery is currently constructing eight new oil storage tanks to help tackle issues with crude supply.
Moldovagaz’s head says $709mn debt to Gazprom close to being settled
Gazprom cited a $709mn outstanding debt when it cut gas supplies to Moldova on January 1, but Chisinau says the debt is only $8.7mn.
Russia reports successful strikes against critical Ukrainian gas and energy infrastructure
Russia’s armed forces conducted a co-ordinated strike on critical gas and energy infrastructure in Ukraine using high-precision weapons and drones.
Google enters India’s carbon removal market with biochar deal with Varaha
Google has agreed to purchase carbon credits from an Indian start-up that transforms agricultural waste into biochar, a charcoal-like material that captures CO2 and enriches soil
Indonesia explores Russian oil imports after joining BRICS
Following Indonesia’s recent induction into BRICS, the Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has expressed openness to importing oil from Russia
Number of Turkish energy M&As edges up to 30 in 2024
Volume of transactions, however, contracts 44% y/y to $1bn from $1.8bn in 2023.
US LNG revival expected following Trump’s return to office
As US president-elect Donald Trump prepares to return to office, the country’s LNG industry is expected to undergo a new wave of expansion
CNRL unveils $4.2bn capital budget for 2025, including CCS spending
Canadian Natural Resources Ltd (CNRL) said last week that it had set an operating capital budget of CAD6bn ($4.2bn) for 2025, including CAD90mn ($62.8mn) for carbon capture and storage (CCS) projects.
US imports record volumes of Canadian oil
US imports of crude oil from Canada hit a record high of 4.42mn barrels per day (bpd) in the week up to January 3, data from the US Energy Information Administration (EIA) showed.
Shell starts production from deepwater Whale platform in Gulf of Mexico
Shell Offshore announced last week that it had started production from the deepwater Whale floating production facility in the US Gulf of Mexico.
US Department of Energy predicts 8% slide in Brent price in 2025
The US Department of Energy expects Brent crude oil prices to decline to an average of $74 per barrel in 2025, an 8% drop from 2024 levels.
Hydroclimate whiplash sparked by global warming fuels LA wildfires
Los Angeles’ deadly wildfires have been sparked by a phenomenon known as “hydroclimate whiplash”.
Dangote Refinery increases storage capacity
Nigeria’s 650,000 barrel per day Dangote Refinery is currently constructing eight new oil storage tanks to help tackle issues with crude supply.
Iraq's London moment marks its post-Saddam era's coming of age
When Iraqi Prime Minister Mohammed Shia al-Sudani sat down with King Charles III in London on January 14, the symbolism could not have been more profound. It was twenty years after the fall of Saddam Hussein's hated regime.
Mexico braces for Trump’s return but 25% tariffs not necessarily likely
As Mexico braces for a critical year in 2025, economic and political challenges loom large under the pending new US administration led by Donald Trump.
World’s richest 1% use up share of global carbon budget in first 10 days of 2025
The world’s richest 1% have burned through their share of the global annual budget in less than two weeks, analysis from Oxfam has revealed.
ICJ may rule on Guyana-Venezuela’s Essequibo dispute next year
Guyana's former Foreign Minister Carl Greenidge said that the International Court of Justice (ICJ) could deliver its ruling on the Guyana-Venezuela border controversy by 2026.
Iran mandates solar panels for new buildings amid power shortage
Iran has updated its building regulations, requiring developers to set up solar panels in newly constructed buildings, said a senior official at the state power producer and distributor Tavanir.
Follow us online