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Battery costs have declined by 99% in the last three decades, making electrified transport a reality – OWID
Over 20mn electric cars were sold globally in 2025 — some for as little as $10,000. Even just two decades ago, that would have been impossible. The reason it's possible now? Batteries have gotten much cheaper.
EU paid €2.88bn for Russian Arctic LNG in first quarter
The EU paid an estimated €2.88bn ($3.33bn) to Russia for liquefied natural gas from the Yamal Arctic LNG project, majority owned by Novatek (NVTK.MM), in the first quarter of 2026.
Libya announces new oil and gas discoveries in northern and southern regions
Libya announced three new oil and gas discoveries in the north and south of the country
Uzbekistan’s National Investment Fund eyes IPOs in London and Tashkent
Managed by a Franklin Templeton company, UzNIF at end-2025 held minority stakes across aviation, energy, banking and telecoms with a $2.4bn net asset value.
NewMed, EGAS seal 15-year deal to channel Cypriot Aphrodite gas into Egypt’s energy grid
NewMed Energy (TASE:NMW), a partner in Cyprus’s offshore Aphrodite gas field, announced the signing of a 15-year agreement to supply natural gas to the Egyptian Natural Gas Holding Company-EGAS (EGX:EGAS)
Oil price spike: How does the Kremlin tax its oil industry?
Oil prices have spiked and that should produce a huge windfall for the Kremlin which has been desperately short of cash to fund its war machine in Ukraine since the start of this year.
Speculation grows about US shale drillers ramping up activity
Speculation has been growing over the likelihood of US shale producers stepping up drilling.
Did America just hand the Gulf to Russia?
The Iran war has turned Russia from a sanctioned energy pariah into an indispensable supplier for half the planet. With Urals crude at 13-year highs and sanctioned LNG going at 40% discounts, Moscow may be the war's real winner.
Venezuela opens for business, investors weigh promise against reality
The months since Nicolás Maduro's capture have brought Venezuela closer to the global economy than at any point in a generation.
Santos reports positive results from Alaska’s Quokka-1 appraisal well
Australia’s Santos has completed its Quokka-1 appraisal well on Alaska’s North Slope.
Perenco partnership to advance energy sector skill development in Central Africa
Perenco Cameroon and Perenco Gabon, key African subsidiaries of independent Anglo-French oil and gas company Perenco, have formed a partnership with the UCAC-ICAM Institute in Douala to advance local skill development in Central Africa.
Russia emerges as 'strategic energy partner' for Global South thanks to Iran
Russian oil hit a 13-year high before the ceasefire as Moscow pivots to "strategic energy partner" for the Global South. Kremlin says it is fielding "an enormous number" of requests for energy supplies as trade flows shift.
Trump warns US forces will remain in place around Iran until 'real agreement' is complied with
Trump warns all US military forces will remain deployed around Iran until the ceasefire agreement is fully met, threatening that otherwise "the shootin' starts." He says Iran must not pursue nuclear weapons and Hormuz must stay open.
Caturus achieves full commercialisation of Commonwealth LNG
Caturus has completed the commercialisation of its planned Commonwealth LNG project on the US Gulf Coast and is closing in on a final investment decision.
Windfall tax delay exposes Indonesia’s challenge in capturing commodity gains
Indonesia recently announced that it had delayed the rollout of its windfall tax proposal on coal and nickel exports. The country noted that the complexity of balancing fiscal needs with industrial policy is behind the delay
Peru scales up solar capacity as Sunny complex reaches 345 MW
Peru accelerates solar deployment as Kallpa’s Sunny complex reaches 345 MW, signalling a broader expansion pipeline of 1.42 GW set to reshape the country’s renewable energy landscape by 2028.
BP announces new gas discovery off Egypt’s East Mediterranean
UK energy major BP (LSE:BP) has announced a new gas discovery offshore Egypt in the East Mediterranean, following the successful drilling of the “Dennis West-1” exploration well within the Temsah concession area
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.
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