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Wild fires are burning forests carbon sinks, but China bucking the trend with a massive desert forestation project
Extreme weather has led to an explosion of deadly wildfires around the world that are turning forests that should be a CO₂ sink into major sources of additional emissions as the area that burns each year expands.
Egypt, Eni review plans to boost output and advance Cyprus gas tie-in project
Egypt is reviewing plans with Italian energy major (BIT: ENI) to raise oil and gas production and continue work on linking Cypriot gas fields to Egypt’s infrastructure
Climate tech startup switches Mongolian yurt dwellers from dirty coal to clean solar
EBRD backing entrepreneurs tackling stove fumes crisis that makes Ulaanbaatar one of world’s most air-polluted cities.
US energy chief visits Venezuela to cement post-Maduro oil partnership
The US and Venezuela announced a long-term energy partnership on February 11 after interim President Delcy Rodríguez met US Energy Secretary Chris Wright in Caracas, in the first visit by a senior White House official.
YESS Power commissions Balkans’ first large-scale solar battery storage system in North Macedonia
Istanbul-based YESS Power said the project is a major step toward a more flexible, reliable and sustainable power system in the region.
Egypt announces new Western Desert gas discoveries
Egypt announced a series of new discoveries in the Western Desert, expected to add 34mn cubic feet of natural gas per day and 5,200 barrels per day (bpd) of crude oil and condensates.
Russia mulling options to aid Cuba amid fuel crisis
Russia is exploring ways to assist Cuba during a severe fuel shortage, Kremlin spokesman Dmitry Peskov said on February 12, amid US threats to impose tariffs on nations helping the sanctions-hit Caribbean island.
Mexico struggling to negotiate US threats to suppliers of oil to Cuba
Cuba’s worsening energy collapse has deepened after Mexico suspended oil shipments to the island under mounting pressure from the US, exposing both Havana’s acute dependence on imported fuel and the limits of Mexico’s diplomatic talks.
Latin American oil leaders will not be dislodged by Venezuelan comeback, says Rystad
Latin America’s oil landscape is entering a pivotal phase, with Argentina, Guyana and Brazil set to drive most of the region’s production gains in 2026 even as Venezuela edges back into international markets.
Newfoundland mayor pumps brakes on proposed LNG plant
The mayor of Fermeuse, Newfoundland is cautioning against getting too far ahead in proposed plans for a potential LNG facility in the tiny town on Canada’s east coast.
UAE’s Emarat appoints new CEO
Emirates Petroleum Company (Emarat) has appointed former senior Emirates National Oil Company (ENOC) official Burhan Al Hashemi as its new CEO, signifying a change in direction as the company continues to expand, according to Trade Arabia.
SM Energy reportedly seeking buyers for Eagle Ford gas assets
SM Energy has reportedly launched a sales process for some of its natural gas-producing assets in the Eagle Ford shale in South Texas.
Verde suspends gas-to-gasoline project in Permian Basin
Verde Clean Fuels said last week that it was suspending development of a natural gas-to-gasoline plant in the Permian Basin.
Libya plans to tap into solar to power its ambitious oil and gas projects
Solar energy is increasingly being promoted in Libya as a means of supporting hydrocarbon development while also laying the foundations for a cleaner energy future.
Nigeria’s Dangote refinery threatens legal action against individuals claiming it imports petrol
Nigeria’s 650,000 bpd Dangote Refinery says it has identified individuals who had claimed the plant was importing petrol, calling the allegation “misleading” in a statement made on February 9.
Libya awards oil and gas exploration licences in first bid round since 2007
Libya has awarded new oil and gas exploration licences to major international energy companies, including Chevron (NYSE: CVX), Eni (BIT: ENI), QatarEnergy (state-owned), and Repsol (BME: REP), in its first bid round in nearly two decades.
US authorises oil companies to restore Venezuela infrastructure
The US has cleared the way for American companies to supply equipment and services needed to restore Venezuela's ailing oil and gas infrastructure, in the most substantial expansion of sanctions relief since Washington seized control of the country.
Egypt urges international oil companies to double output by 2030
The Egyptian government has requested international oil and gas companies operating in the country to double their production by 2030
Ambassador says Serbia and Russia may stick to short-term gas deals
Russian ambassador to Belgrade Aleksandar Bocan-Kharchenko says new long-term gas supply contract unlikely due to EU pressure, market instability and transit risks.
Serbia to launch carbon credit trading to ease EU export costs
Belgrade Stock Exchange to create a platform modeled on the EU Emissions Trading System.
Egypt signs €125mn EU grants to boost renewable projects
Cuba's energy collapse deepens after Mexico halts key oil supplies
Mexico’s decision to suspend oil shipments to Cuba while expanding humanitarian aid has exposed the limits of its room for manoeuvre under renewed US pressure, as well as the depth of Cuba’s escalating energy and economic crisis.
New Delhi and Washington’s ongoing claims and counter claims over Russian oil exports to India
Russia is still exporting oil to India. At least that is what New Delhi – and Moscow - claim. Half a world away meanwhile, Washington has repeatedly announced that New Delhi is on the cusp of a clean break.
Bangladesh’s energy bind casts a long shadow over industry, growth and the February vote
What began as a manageable rise in fuel imports has now hardened into an all-out structural vulnerability, with shrinking domestic gas supplies coupled to a growing reliance on LNG as well as coal and oil imports forcing factories to cut output.
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