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EBRD considers $223.5mn financing for AMEA Power to complete Egypt battery storage projects

Iran pushes ahead with solar and wind plants

Iran is building four solar plants and a wind farm targeting 100MW as the war batters the power grid, with the first phase due online by July 2026 amid repeated strikes on electricity infrastructure.

Ust-Luga and Primorsk to their lowest levels since pre-war time

Russia has lost over $1bn in oil export revenues Ukraine’s week-long attacks on its two most important Baltic Sea ports of Ust-Luga and Primorsk. Weekly shipments through both ports have fallen by two-thirds.

Gazprom Export sues former German trading subsidiary SEFE in Russian court

Gazprom Export filed a lawsuit in St Petersburg against its former German trading subsidiary SEFE, the latest in a series of Russian court actions against European energy firms since Western sanctions severed gas ties.

Golden Pass terminal produces first LNG

The Golden Pass LNG export terminal on the Texas Gulf Coast has produced its first LNG, marking substantial completion of construction and commissioning at Train 1.

UAE energy minister says world must not be held 'hostage' by Iran over Hormuz

The UAE's energy minister warned the world must not be "held hostage" by Iran over Hormuz, calling for a united stand on freedom of navigation as Abu Dhabi invests in alternative shipping routes on its eastern coast.

Iranian cruise missile strikes oil tanker in Qatari waters

An Iranian cruise missile struck an oil tanker leased to Qatar Energy in Qatari waters on April 1 after two others were intercepted, escalating Tehran's targeting of Gulf energy assets as the war enters its second month.

Japan’s LNG diversification will not shield it against global price spikes

Diversified supply portfolios and crude oil-indexed contracts, do not shield Japanese buyers as is claimed. Approaching week six of the war in Iran, Japan remains fully exposed to Middle East supply disruptions.

Vietnam’s Vingroup to swap LNG-fired plant for renewable energy project

Vietnamese conglomerate Vingroup is pivoting from building the country’s biggest LNG-fired power plant to a renewable energy project.

ING sees Azerbaijan as safe haven amid Middle East risks

Every $10 increase in oil prices adds approximately $3bn to Azerbaijan's annual export revenues, equivalent to 4% of GDP, ING analysts point out.

ExxonMobil, QatarEnergy plan new gas exploration wells in Egypt’s eastern Mediterranean

US energy major ExxonMobil (NYSE:XOM) and QatarEnergy are planning to drill new exploratory wells in the eastern Mediterranean by the end of 2026

BP plans $1.5bn investment to expand operations in Egypt

British energy major BP is currently planning to strengthen its presence in Egypt and expand its operations

Afreximbank underwrites $2.5bn of $4bn loan to Nigeria’s Dangote oil refinery

Afreximbank has underwritten $2.5bn of a $4bn syndicated loan for the Dangote Refinery in Nigeria, supporting Africa’s largest refining project and boosting energy security.

COMMENT: An Iran embargo won't send oil to $200

A chorus of analysts and traders have spent recent weeks warning that oil prices will spike. But market is foward-looking and has already priced in the worst case. $200 oil won't happen.

Morocco faces gas supply disruptions, turns to coal to meet power demand

Morocco has experienced sharp disruptions in gas supplies in recent days after flows via Spain were halted for four consecutive days

Iran warns Trump any ground invasion would become 'civilisational' battle like 'Thermopylae'

Iran warns any US ground invasion would make the Ramadan defence "civilisational" invoking the Battle of Thermopylae.

Egypt and Cyprus sign gas framework deal to boost energy cooperation

Egypt and Cyprus signed a framework agreement on March 30 to strengthen cooperation in the gas sector

Botswana in talks to take 30% stake in Angola’s $6.6bn Lobito oil refinery

If Gaborone secures a 30% stake in the Angolan refinery, its proportional share would equate to around 60,000 bpd of refining capacity, roughly twice Botswana's current level of consumption.

Will the Houthis once more target Red Sea shipping?

Saudi Arabia’s Red Sea bypass is now running close to its operational ceiling just as Yemen’s Houthis signal they are back in the regional fight.

Eni to invest $2bn in Egypt’s energy sector before end-2026

Italian energy major Eni is set to invest $2bn in Egypt’s energy sector before the end of 2026. The aim is to expand exploration activities and boost production.

Sany of China plans €1bn green energy and data centre project in Romania

Chinese industrial conglomerate Sany Group plans to invest more than €1bn in a large-scale hybrid energy and data centre project in western Romania.

UPDATE: Drone strike hits Kuwaiti oil tanker off Dubai coast

Authorities in Dubai announced that emergency teams successfully extinguished a fire aboard a Kuwaiti oil tanker.

Singapore’s path towards nuclear energy use

Singapore is taking another step toward the possible deployment of nuclear power, with the National Environment Agency announcing plans to commission three studies focused on nuclear safety standards and environmental safeguards.

Brazil's Petrobras finds new pre-salt oil, also to drill in Equatorial Margin

Petrobras said it has identified a new oil accumulation in the pre-salt of the Campos Basin after drilling an exploratory well in the Alto de Cabo Frio Central block.

Fires reported at pumping stations along UAE’s ADCOP pipeline

Satellite imagery appears to show fires at two pumping stations along the UAE’s Habshan–Fujairah oil pipeline, a key export route designed to bypass the Strait of Hormuz.