Free Top Stories
Grid constraints threaten Europe’s energy security ambitions
Europe risks undermining its energy security and industrial competitiveness due to insufficient electricity grid capacity, with at least 120 GW of planned renewable projects facing delays, according to a report by Ember.
Falling electrotech costs create a fast catch up path for Global South
A new energy pathway is emerging for developing economies, one that challenges the assumption that fossil fuels are a prerequisite for growth, according to a new report by Ember.
Chevron eyes new exploration blocks in Egypt as investment climate improves
US energy major Chevron (NYSE:CVX) is currently in talks with Egypt’s Ministry of Petroleum and Mineral Resources to invest in three new exploration areas.
AEC moves to join landmark climate case to safeguard Africa’s energy interests
The African Energy Chamber (AEC) has applied to participate in a major climate-related case as amicus curiae before the African Court on Human and Peoples’ Rights.
UAE, Kuwait intercept Iranian drones targeting oil and energy infrastructure
Kuwait says its air defences dealt with 28 Iranian drones since 8am, with strikes causing significant damage to oil infrastructure, power stations and water desalination plants in the south of the country.
Saudi Arabia welcomes US-Iran ceasefire
Saudi Arabia welcomes the US-Iran ceasefire and praises Pakistan's mediation by PM Sharif and Field Marshal Munir.
Nigeria’s NNPCL begins exporting new Cawthorne crude grade to Europe
Nigeria has begun exporting a new crude grade, Cawthorne, with the first cargo shipped to Europe as the NNPCL seeks to expand its export slate, boost production and improve its competitiveness in global oil markets.
Dragon announces new oil discovery in Egypt’s Gulf of Suez
UAE energy company Dragon Oil, wholly owned by the Dubai-government-owned Emirates National Oil Company (ENOC), has announced a new oil discovery in Egypt’s Gulf of Suez, in partnership with GUPCO and the Egyptian General Petroleum Corporation.
Trump agrees to two-week ceasefire with Iran after Pakistani mediation
Trump agrees to a two-week ceasefire with Iran after Pakistani mediation, suspending threatened strikes on civilian infrastructure.
Eni announces significant gas discovery off Egypt’s Mediterranean coast
Italian energy major Eni (BIT:ENI) announced a significant discovery of natural gas and condensates off Egypt’s Mediterranean coast on April 7, a development that could bolster the country’s energy outlook
Energy strikes redraw Gulf risk for global oil and gas
Violence between Israel, the US, and Iran reached a fever pitch this week, as targeted strikes on refineries and ports crippled vital global energy infrastructure.
Price of Russia’s Urals oil hits highest since 2013
Price of Russian Urals blend oil hit the highest in 13 years amid the supply squeeze fallout from the war in Iran
Energy shock drives food price pressures in North Macedonia
Policymakers, businesses and households are bracing for potential spillover effects as higher energy costs begin to filter through the economy.
Blackstone invests in Bulgarian solar developer Sunotec
German-Bulgarian solar photovoltaic developer Sunotec has secured a structured equity investment from funds managed by Blackstone’s Tactical Opportunities unit to support its expansion across Europe.
US strikes hit Kharg Island defences as Iran says oil exports intact
US forces struck military targets on Iran’s Kharg Island, as Iranian sources insisted the country’s main oil export hub remained fully operational despite heavy bombardment.
Can pipelines make a comeback?
The shock to LNG supply is forcing buyers to confront both physical disruption and rising dependence on the US, which could revive interest in long-stalled pipeline projects.
The world could run out of chocolate by 2050
The world could face a severe shortage of chocolate by 2050 as climate change disrupts cocoa production in key growing regions, according to scientific estimates and industry data.
Meloni visits Gulf to cement Italy's energy ties as European rift with US over Iran widens
Italian PM Giorgia Meloni concluded a two-day tour of the Persian Gulf on April 4, meeting the leaders of Saudi Arabia, Qatar and the United Arab Emirates in an effort to shore up Italy's energy security as Iranian attacks on GCC countries continue.
Bosnian lawmakers set to fast-track gas pipeline amendments despite transparency concerns
Southern Gas Interconnection pipeline faces scrutiny over planned fast-track law changes in Bosnia to enable Trump-linked investor to take over project.
Somalia poised to begin its first offshore oil drilling operations with Turkey’s help
Somalia is preparing to begin its first offshore drilling campaign with Turkey’s deepwater drillship "Çağrı Bey", a milestone in efforts to test a frontier basin estimated to hold 30bn barrels of prospective oil.
Nigeria's Dangote refinery owner says crude supply doubled amid Middle East disruption risks
Nigeria has increased crude supply to the $21bn Dangote refinery, but deliveries remain below full capacity needs, amid ongoing supply constraints even as the plant expands exports across Africa amid global oil market disruptions.
Iranian crude trades at a premium to Brent after US waives sanctions
Iranian Light crude is trading at a $1 premium to the benchmark Brent price since the US waived a sanctions-ban on buying Iran crude already at sea to ease prices on the international market.
Slovak PM Fico to visit Moscow for Victory Day
Robert Fico was the only EU leader to attend the Moscow parade commemorating the 80th anniversary of the end of WWII last year.
Southeast Asia’s energy squeeze
The war in Iran has delivered a systemic shock to global energy markets, but few regions have felt the strain as acutely, or quite as quickly, as Southeast Asia.
Follow us online