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Kenya Airways and Rubis Energy to build Africa’s first sustainable aviation fuel refinery in Kenya
Algeria’s oil export revenues drop 13% y/y in 2025 to $22.4bn despite higher shipments
Algeria saw its oil export revenues decline by 13% year-on-year (y/y) in 2025 to $22.4bn, despite a slight increase in export volumes
Egypt projects 7% surge in summer electricity demand
Mahmoud Esmat has instructed electricity sector companies across Egypt to raise their readiness levels ahead of an expected 7% year-on-year (y/y) hike in electricity demand during the summer of 2026.
Venezuela launches debt restructuring in bid to end decade of default
Venezuela's interim government has announced it will begin a formal restructuring of the country's external public debt, including obligations tied to state oil company PDVSA, in what could rank among the largest sovereign debt workouts in history.
Permian Basin royalty firm EagleRock raises $320mn in IPO
EagleRock Land, a land management royalty company that controls surface acreage in the US’ Permian Basin, has raised $320.1mn in its initial public offering.
Keyera closes Plains acquisition despite challenge from Competition Bureau
Canada’s Keyera has completed the acquisition of Plains Midstream Canada despite Canada's federal Competition Bureau launching a challenge against the transaction.
Germany revamps its energy laws, but risks locking itself into decades of costly gas import dependence
Germany risks locking itself into decades of costly gas import dependence unless policymakers give battery storage equal treatment in upcoming power market reforms, energy think-tank Ember has warned.
Tehran water consumption hits 3bn litres a day as Iran braces for crisis summer
Daily water consumption in Tehran has reached nearly three billion litres before the start of summer, with reservoirs at just 22% of capacity, as Iran braces for an early heatwave amid post-conflict strain on infrastructure.
Bluesphere Ventures engages Stem to Model 1 GW of NYC battery storage
New York City anchored developer brings in the largest operator of storage software in the country to stress-test the economics of urban-sited storage at scale
Serbia dissatisfied with MOL’s revised NIS offer, talks to continue
Revised offer failed to address concerns over the Pancevo oil refinery and its role in supplying the domestic market, Energy Minister Dubravka Dedovic Handanovic said.
Russia offers Indonesia full-spectrum nuclear cooperation package
Rosatom has said it is ready to offer Indonesia a comprehensive framework for developing its nuclear energy programme, spanning gigawatt-scale reactors, small modular units and floating nuclear power plants.
Libya targets restart of Ras Lanuf oil refinery within a year
Libya aims to restart the Ras Lanuf Refinery within 6 to 12 months, as the country seeks to strengthen domestic fuel supplies and revive key energy infrastructure
Norwegian companies mull €1bn hydrogen plant in Estonia
Hydrogen development across the Baltic states is accelerating as governments seek to reduce emissions, expand offshore wind capacity and cut dependence on Russian energy.
Oregen appoints former Impact Oil & Gas executive as advisor for Namibia exploration push
Oregen Energy has appointed veteran petroleum geologist Philip Birch as a strategic advisor to the board as the company advances exploration in Namibia’s Orange Basin.
Brazil’s Petrobras posts record quarterly output of 3.23mn bpd in Q1
State-owned Petrobras posted its highest average quarterly production during Q1 at of 3.23mn barrels of oil equivalent per day, up by 16.1% year on year.
Egypt signs MoU with TotalEnergies for West Mediterranean gas exploration
Egyptian Natural Gas Holding Company (EGAS), the state-owned company affiliated with Egypt’s Ministry of Petroleum and Mineral Resources, signed a memorandum of understanding on May 13 with French energy major TotalEnergies
Return of large grazers to curb steppe fires and restore ecosystems in Kazakhstan
Reintroduction of saiga antelopes had broader implications for the overall health of the steppe ecosystem.
Nigeria’s domestic oil firms drive upstream revival and target $35bn investment push
Nigeria’s domestic oil and gas producers have increased their share of national crude output to 27% from 12% a decade ago and are preparing about $35bn in new investments
YPF posts spike in net profit in Q1 of 2026
Argentine national oil company YPF reported a $409mn net profit for the first quarter of 2026, reversing a $10mn loss from the same period last year.
ANPG extends TotalEnergies production licence for Block 32 offshore Angola until 2043
Block 32 is one of Angola’s largest oil-producing assets, spanning 5,340 square kilometres, and includes the Kaombo ultra-deepwater project, which connects six offshore fields to two FPSOs.
Trump backing of Chinese EVs threatens Hyundai
South Korea leading automotive player Hyundai Motor Group is facing a serious threat to its US market share after President Donald Trump repeatedly called for Chinese investment.
Egypt eyes Algerian crude imports to secure summer energy supplies
Egypt’s Ministry of Petroleum and Mineral Resources is studying plans to import around 6mn barrels of crude oil from Algeria starting in July 2026, as part of efforts to diversify supply sources and strengthen energy security,
Libya regains full control of Ras Lanuf refinery and petrochemical complex as Trasta Energy exits
Libya signed a final agreement with Trasta Energy to end their partnership in the Libyan Emirates Oil Refining Company (LERCO), restoring full Libyan ownership and management of the Ras Lanuf refinery and petrochemical complex
Nigerian billionaire Dangote favours Kenya over Tanzania for 650,000-bpd East Africa oil refinery
Africa's richest man says Kenya is emerging as the preferred location for a proposed $15bn–$17bn refinery, citing Mombasa’s deep port and large fuel market.
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