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BP reportedly seeking partners for Kirkuk development

8 February 2026

BP is actively canvassing for a partner to share the capital burden of redeveloping the Kirkuk oilfield

Serbia says ADNOC to take significant stake in NIS as Russian owners exit

8 February 2026

ADNOC is expected to take a minority holding in a joint company with MOL that would become NIS’s majority owner.

Climate adaptation costs set to soar as global exposure rises - McKinsey

8 February 2026

The world faces escalating and uneven costs from climate adaptation as rising temperatures, extreme weather events and sea-level rise strain public finances and economic productivity, according to new research from the McKinsey Global Institute.

Half the world’s energy will come from renewables, nuclear by 2030 - IEA

8 February 2026

The International Energy Agency warned that while global electricity demand is set to surge over the next three years, the benefits of clean energy investment and rising renewable output remain unevenly distributed.

Global uranium market faces shortage on surging Indian NPP expansion demand

8 February 2026

A projected tenfold increase in India’s nuclear power capacity by 2047 is poised to upend the uranium market, creating a long-term supply-demand imbalance that analysts say the current production system is ill-equipped to manage.

Trinidad’s Atlantic LNG to shut down another liquefaction train

8 February 2026

Atlantic LNG is expected to take Train 4 offline for up to 50 days in May and June to complete repair work.

Taiwan agrees to increase US LNG imports

8 February 2026

Taiwan has confirmed it will increase US LNG imports to comprise about one-third of its imported supply of the super-chilled fuel in 2026.

US, Russian share of Europe’s LNG imports soars to record 80%

6 February 2026

Europe’s dependence on liquefied natural gas (LNG) from the US and Russia surged to an all-time high in January, with the two countries accounting for more than 80% of the continent’s total seaborne imports, Bloomberg reported on February 5.

Shell pauses investment in Kazakhstan amid majors’ multibillion dollar wrangle with government

6 February 2026

Amid huge compensation demands, CEO says “it does impact our appetite to invest further”.

Equatorial Guinea signs deal with Chevron to boost state role in Aseng gas project

6 February 2026

Equatorial Guinea has taken a major step to strengthen its gas sector by signing a new financing agreement for the Aseng Gas Project.

China launches world's largest AI battery cluster

6 February 2026

At the end of December 2025, a significant advancement in global power infrastructure occurred as the premier electrochemical storage facility on earth, the Envision Jingyi Chagan Hada station, integrated with the national grid.

Venezuela enacts sweeping changes, Trump opens up oil sector to US firms

5 February 2026

Washington is moving toward a sweeping authorisation that would permit energy firms to extract crude in Venezuela, signalling a further rollback of restrictions.

Russia ups ante by flying own flag on oil tankers

5 February 2026

Russia reportedly started flying its own flag on “shadow fleet” tankers to increase the political risks of intervention and seizure.

Nigeria’s Dangote Refinery to begin full capacity tests in February

5 February 2026

Nigeria’s 650,000 barrels per day (bpd) Dangote refinery is expected to begin test runs at full nameplate capacity this month after maintenance on its Residual Fluid Catalytic Cracker (RFCC) is completed.

Nine Energy Service files for bankruptcy protection

5 February 2026

Oilfield services firm Nine Energy Service announced on February 1 that it had filed for Chapter 11 bankruptcy protection.

Serbia seeks EU gas supplies to reduce reliance on Russia

5 February 2026

Serbia is stepping up efforts to diversify its energy supplies away from Russia and is already in talks to purchase natural gas through the EU's joint gas-buying mechanism, President Aleksandar Vucic said.

Morocco fuel prices rise in February across major distribution networks

5 February 2026

Fuel prices in Morocco rose in February after nearly one month of stability, with diesel and gasoline registering fresh increases across major fuel distribution networks

ExxonMobil, Chevron beat analyst expectations with fourth-quarter results

5 February 2026

US-based supermajors ExxonMobil and Chevron both beat analyst expectations with their results for the fourth quarter of 2025, which they reported separately on January 30.

Glencore shareholder invests in South African refinery upgrade

5 February 2026

A Glencore shareholder is set to invest R6bn ($326mn) to upgrade Astron Energy’s 100,000 barrels per day (bpd) Cape Town petroleum refinery, committing to reinforcing the country’s energy sector amid difficult times.

Iran's IRGC seizes two fuel vessels in Persian Gulf

5 February 2026

IRGC Navy seizes two vessels smuggling over 1mn litres of fuel near Farsi Island after months of intelligence work. Fifteen foreign crew members handed to judicial authorities as Iran intensifies crackdown.

Questions raised in Turkish parliament over lack of progress with BYD’s $1bn EV factory investment

5 February 2026

Industry minister says government closely monitoring situation.

China reshaping Central Asia's Russia-dominated nuclear landscape

4 February 2026

A Eurasianet partner post from the Central Asia-Caucasus Analyst.