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SABIC avoids $4bn in future losses with decision to divest from assets outside of Saudi Arabia
Saudi Basic Industries Corporation (SABIC) has said that its decision to divest from numerous assets outside Saudi Arabia has helped stem the potential loss of $4bn in the future.
COMMENT: Instability in Iran bigger threat to global oil markets than Venezuela
The mass demonstrations rocking Iran presents a far more serious risk to global oil markets than the US decapitation of Venezuela, according to note by Kieran Tompkins, Senior Climate and Commodities Economist at Capital Economics.
Venezuela moves to overturn Citgo sale order
Venezuela, its state oil company PDVSA and related entities have asked the United States Court of Appeals for the Third Circuit to set aside a Delaware judge’s order approving the sale of PDV Holding.
Gambian president appoints Cany Jobe to lead petroleum regulator
Cany Jobe, an experienced oil and gas industry executive, has been appointed by Gambian President Adama Barrow as the new Director General of the Petroleum Commission of The Gambia.
Algeria’s oil exports fall 2% in 2025 despite year-end rebound
Algeria’s oil exports declined by 2% y/y in 2025, equivalent to about 16,000 bpd, despite a strong recovery in shipments during December 2025, energy platform Attaqa reported
Senegal reclaims Cayar Offshore Shallow block from Nigeria’s Oranto Petroleum
The Ministry of Energy and Petroleum of the Senegal has formally withdrawn the licence for the Cayar Offshore Shallow (COS) block held by Nigerian oil firm Oranto Petroleum.
Egypt and Oman explore deeper energy and mining cooperation
Egypt and Oman are moving to deepen cooperation in oil, gas and mining
Chinese company poised to expand production at massive Turkmen gas field
Ashgabat has export options.
Brazil oil and gas output rises nearly 14% in November, more pre-salt reserves to be developed
Brazil's oil and natural gas production reached 4.920 mn barrels of oil equivalent per day in November 2025, with crude output climbing 13.9% from the same month a year earlier despite a monthly decline.
Bosnia threatens legal action over Croatia’s nuclear waste site near border
Zagreb says the site, long opposed by Bosnia, is needed to store waste from the Krško nuclear power plant.
US moves in Venezuela are being felt half a world away in Asia
Venezuela itself has long occupied an unusual position in Asian oil markets. Its crude is heavy, sulphur-rich and difficult to process, yet it has found a natural home among a small subset of Asian refiners willing to adapt for the right price.
Scientists in Tajikistan puzzled by expanding glacier
“Roof of the World” ice core sent to Japan for laboratory analysis of anomaly.
Cuba braces for economic collapse as US blocks Venezuelan oil supplies
US President Donald Trump has warned Cuba it will no longer receive oil supplies or financial support from Venezuela, calling on the island's government to negotiate terms with Washington in the aftermath of last week's ouster of Nicolas Maduro.
Turkey’s natural gas consumption climbs to record 60-61 bcm in 2025
Households burnt through more than an annual 20 bcm for the first time.
Iranian firm claims breakthrough in petrochemical technology, IRGC cyber unit reports
Iranian firm claims breakthrough in petrochemical separation technology according to IRGC cyber unit, though claims could not be independently verified and timing raises questions about credibility.
Egypt exports new LNG cargo to Canada as gas output expansion gains pace
Egypt exported a new liquefied natural gas (LNG) cargo from the Idku LNG complex on the Mediterranean coast, destined for Canada on behalf of France’s TotalEnergies (TTE: EPA)
Azerbaijan inaugurates its largest wind farm to date
240 MW Khizi-Absheron wind farm to meet rising domestic demand and enable higher electricity exports.
TPAO and ExxonMobil sign deal for offshore exploration
Turkiye's TPAO has formalised a strategic partnership with a subsidiary of ExxonMobil for offshore exploration
Commonwealth LNG granted 20-year export authorisation
US LNG developer Commonwealth LNG has been given approval for a 20-year export license for non-free trade agreement countries from the Department of Energy.
Egypt signs $1.8bn renewable energy and battery manufacturing projects
Egypt has signed several agreements and contracts to establish two integrated projects in renewable energy and local manufacturing of its components, with total investments exceeding $1.8bn.
Russia still a top four gas supplier to EU in 2025
Russia remained the fourth-largest supplier of natural gas to the EU in 2025, exporting nearly 38bn cubic metres despite ongoing efforts by the bloc to reduce energy reliance on Moscow following its full-scale invasion of Ukraine.
Uzbek officials adapting quickly to growing water deficit
Solar and wind power generation surging.
Trump invites China and Russia to buy Venezuelan oil under US control
US President Donald Trump has invited China and Russia to purchase Venezuelan crude under Washington's control, defending his administration's extraordinary seizure of the country's oil sales following Nicolas Maduro's ouster.
Massive methane plumes queer Trump’s Venezuelan oil fields revival plans
Massive methane emissions from Venezuela’s decaying oil infrastructure are raising alarms among energy analysts and threatening to derail efforts by the Trump administration to restart heavy crude production.
Ukraine exports over 11mn cubic metres of biomethane to EU in debut year
Ukraine exported more than 11.2mn cubic metres of biomethane to the EU in 2025 in the debut year of the business, UBN reported on January 9.
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