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Egypt signs framework deal with BP, Harbour Energy to develop Mediterranean gas fields
Egypt’s energy authorities have signed a framework agreement with British energy major BP and its partner Harbour Energy to establish the executive framework for developing oil and gas reserves in the North King Mariout area and the Arish field
Scout offloads producing Anadarko Basin assets worth over $1bn
Scout Energy Partners announced on May 1 that it had sold off over $1bn in producing oil and gas assets located in the Western Anadarko Basin.
Beijing becomes the chessboard as Iran pre-empts Trump-Xi summit
Araghchi's pre-emptive trip to Beijing, 14 days before Trump meets Xi, has put Iran's interests on the table before Washington can carve them off.
Western Midstream to bulk up in Permian’s Delaware sub-basin with Brazos acquisition
Western Midstream Partners announced this week that it had agreed to acquire privately held Brazos Midstream’s assets in the Permian Basin’s Delaware sub-basin.
Russia’s oil revenues rebound on Middle East conflict price hike, but gains are modest
Russia’s oil and gas revenues rebounded sharply in April as surging crude prices linked to conflict in the Middle East boosted export earnings, offering the Kremlin temporary relief after months of mounting fiscal pressure.
Super El Niño threat could add to Iran war inflation shock
A growing risk of a “Super El Niño” later this year is fuelling concerns among economists and commodity traders that it will only add to the inflation shock already on the way as a result of spiking energy prices due to the Iran war.
Energy firms to pump $19bn investments into Egypt’s oil sector over coming 3 years, says PM
PM Madbouly said Eni (BIT:ENI) has allocated investments worth $8bn, while BP (LSE:BP) plans to invest $5bn. UAE-based Arcius is expected to contribute $2bn, alongside $4bn from US energy group Apache (NYSE:APA).
Colombia's Petro pitches Caribbean coast as bitcoin mining hub on clean energy surplus
Colombian President Gustavo Petro has proposed turning the country's Caribbean coast into a bitcoin mining centre powered by surplus clean energy, framing the initiative as a potential driver of regional economic development.
Europe’s power bottleneck shifts from supply to electricity grids
Europe’s energy challenge is increasingly centred on its ageing and fragmented electricity grids rather than a shortage of power generation, as rapid renewable energy expansion exposes weaknesses in transmission infrastructure and storage.
Iran has not yet replied to latest US proposal, contradicting Trump
An Iranian source has said that Tehran has not yet responded to the latest US proposal to end the war, contradicting US reports that the White House believes a one-page 14-point memorandum is close.
Mozambique resumes LNG projects as industry pushes for inclusive growth
Industry leaders emphasise that long-term success of Mozambique LNG sector development depends on inclusive growth, local participation and stronger community engagement.
Egypt and Algeria sign crude supply deal, expand energy cooperation
Egypt and Algeria have signed a memorandum of understanding (MoU) to facilitate the purchase of Algerian crude oil, while also exploring broader cooperation in the oil and gas sectors
Qatari Green Sky Capital finances major sustainable aviation fuel facility in Egypt
Qatari-based firm Green Sky Capital has signed a major financing agreement for a pioneering sustainable aviation fuel (SAF) production facility in Ain Sokhna
Low-carbon sources met all of 2025’s electricity demand growth - OWID
Solar and wind energy have grown quickly in recent years, but global electricity demand has grown faster. So while their share of electricity generation kept rising, it wasn't enough to push fossil fuels into absolute decline.
Renalfa launches battery storage project at Oslomej solar plant in North Macedonia
The Oslomej solar project is part of a broader effort to transform former coal-based energy sites into renewable energy hubs.
Eneos Xplora acquires 10% stake in Malaysia’s Petronas MLNG Tiga project
Japan’s Eneos Xplora has purchased a 10% stake in Petronas’ Malaysia LNG Tiga project.
FMO considers $60m loan for Egypt wind project in Gulf of Suez
The Dutch entrepreneurial development bank FMO is considering providing a long-term loan of up to $60mn to support the Shuqair Wind Energy project in Egypt
Chinese scientists pioneer industrial process to convert CO₂ into jet fuel
Chinese scientists have developed an industrial pathway for converting carbon dioxide directly into jet fuel using an inexpensive iron-based catalyst, according to research published by the Shanghai Advanced Research Institute.
The battery gap: Europe only has 15mins of storage capacity
Europe has been pouring billions into building green energy generating capacity. But it is much further behind on storing that power. Europe's batteries go flat after only 15mins.
China signs billions worth of contracts with Turkmenistan, but no financing
China - Central Asia Monitor: April 24-30, 2026.
Nigeria’s NNPCL signs MoU with Chinese companies to revive refineries with equity partnership model
Nigeria’s state oil company entered wants Chinese firms to accelerate the overhaul and restart of the state-owned 210,000-bpd Port Harcourt and 125,000-bpd Warri refineries amid soaring oil prices.
Fuel prices in Morocco ease in May after weeks of sharp increases
Fuel prices in Morocco declined by around MAD 1 ($0.1) per litre in May, marking the first notable correction after weeks of consecutive increases that had pushed prices to record levels.
Japan quietly resumes Russian oil imports as Hormuz crisis forces a pragmatic rethink
A cargo of Russian oil arrived in Japan for the first time since the closure of the Strait of Hormuz as pragmatism overtakes principles in Tokyo.
ABB Egypt targets $5mn investment in clean energy solutions
ABB Egypt, a subsidiary of the Swiss-Swedish multinational ABB (SIX: ABBN), plans to invest $5mn in clean energy solutions before the end of 2026.
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