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Egypt’s imports of US natural gas surge 190% y/y in January-February 2026

Egypt’s imports of US natural gas surged by around 190% year-on-year (y/y) during the first two months of 2026, reaching 82.1bn cubic feet compared with 28.3bn cubic feet in the same period of 2025, according to data from the US Department of Energy

BP considers partial sale of Egypt gas assets amid global restructuring

British energy major BP (LSE:BP) is considering the sale of part of its natural gas assets in Egypt as part of a broader restructuring strategy aimed at reducing debt and focusing on higher-return projects

COMMENT: The Oslo playbook returns to the Middle East

Norway has become the only NATO country still talking to Tehran. It is doing so for reasons that are partly diplomatic, partly mercantile, and with echos of the original Oslo accord of the 1990s.

Serbia to submit final NIS proposal to MOL as talks near deadline

MOL has been in exclusive talks to acquire a 56.15% stake in NIS from Russia’s Gazprom Neft and Gazprom, which are under pressure to divest following US sanctions imposed in 2025.

Nigeria grants pension funds waiver to invest in Dangote Refinery IPO

Nigeria’s PenCom has granted pension fund administrators a special waiver allowing investment in the planned Dangote Petroleum Refinery IPO, in support of what may be the largest listings in African capital markets history.

ADNOC delivers update on landmark pipeline to Abu Dhabi crown prince

Abu Dhabi’s crown prince chaired an ADNOC meeting in which he was updated on the status of the company’s landmark West-East Pipeline Project.

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.