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India approves $1bn support package to shield airlines from fuel price volatility
India's cabinet has approved a one-time budgetary support package of up to INR100bn ($1.04bn) for oil marketing companies to help stabilise aviation turbine fuel prices for domestic airlines.
Russian oil flows through Druzhba return to normal as Hungary and Slovakia resume Russian oil and gas imports
Russian crude oil deliveries to Hungary and Slovakia through the Soviet-era Druzhba pipeline returned to normal levels in May, marking the first full month of uninterrupted supplies since transit resumed in April after a dispute.
Absheron project may reshape Azerbaijan’s gas export strategy
SOCAR, TotalEnergies, XRG and BOTAŞ signed an agreement in Baku on 1 June on long-term gas supplies from the Absheron gas-condensate field to Turkey. The deal covers the supply of a total of 33bn cubic metres of natural gas from Azerbaijan to Turkey
Stone Ridge reportedly offering $8bn for Devon’s Marcellus assets
Stone Ridge Asset Management has reportedly offered to buy Devon Energy’s Marcellus shale assets for roughly $8bn.
Iran agrees not to pursue nuclear weapon, Trump says amid renewed Gulf strikes
Trump says Iran has agreed not to build a nuclear weapon and that he expects to meet its supreme leader, even as fresh missile strikes on Kuwait and Bahrain test a fragile Gulf ceasefire.
Expanding FLNG capacity strengthens Congo’s gas-focused energy strategy
The Republic of the Congo is moving towards a more flexible and export-focused gas sector as new floating liquefied natural gas (FLNG) developments emerge alongside existing capacity.
China’s BYD captures 35% of Africa EV market, as latecomer rival Tesla bets on Morocco
Chinese EV giant BYD upped its market share from just 4% in 2023 as electric vehicle sales on the continent accelerated. Tesla is betting on Morocco, Africa’s leading EV manufacturing hub.
Aura Energy targets 2026 FID for Mauritania uranium mine following deal with "major" nuclear utility
Dual-listed Aura Energy targets final investment decision on its Tiris uranium project in Mauritania by end 2026 after signing a strategic MoU with a "major international nuclear utility".
Vietnam’s Gia Lai draws wave of renewable energy investment as wind projects expand
Vietnam’s central province of Gia Lai is emerging as a renewable energy investment hub, with several large-scale wind power projects secured in the first months of 2026.
Kuwait continues mergers as KNPC absorbs KIPIC
Kuwait has consolidated its downstream energy sector by dissolving Kuwait Integrated Petroleum Industries Co. (KIPIC) and transferring its assets to the Kuwait National Petroleum Co. (KNPC)
Iran seeks Japanese help in rebuilding war-damaged oil sector
Iranian President Masoud Pezeshkian has asked Japan to participate in reconstructing infrastructure damaged in recent US-Israeli attacks, including refineries, in exchange for efforts to restore normal shipping through the Strait of Hormuz.
Trident Energy applies its Equatorial Guinea operating model to Congo’s mature oilfields
London-based independent oil and gas company Trident Energy is advancing the development of its assets in the Republic of Congo.
Hungary’s battery boom is causing a water crisis
Hungary’s ambition to become Europe’s electric vehicle battery hub is colliding with a growing environmental reality: the country is running short of water, Center for European Policy Analysis (CEPA) said in a report.
Asia’s EV race speeds up as China’s champions challenge Tesla
As of mid-2026, China remains the centre of gravity in the EV world.
Shareholders of Prague bourse leader ČEZ greenlight company restructuring and nationalisation
ČEZ plans to move sales, distribution, trading and energy activities under a new subsidiary, while production is placed under full state control
Azerbaijan positions itself as dual-track energy hub amid global supply uncertainty
Azerbaijan is accelerating both fossil fuel and renewable energy development as it seeks to entrench its role as a reliable supplier to Europe and emerging markets, Energy Minister Parviz Shahbazov told the 31st Baku Energy Forum.
Australian workers begin strike at Inpex’s Ichthys LNG plant
Union workers in Australia’s Offshore Alliance began strike action at Inpex’s three Ichthys LNG facilities.
Battery bottleneck threatens India’s renewable energy ambitions
In part in order to reduce its heavy reliance on imported energy, India has an ambitious plan in place - a renewable energy capacity of 500GW by 2030.
Kyrgyzstan uneasy over Kazakhstan’s use of rain-making technology
Experts fret over possible damage to eco-balance caused by cloud-seeding. “If you take a cloud from one place, it will harm another place,” says one scientist.
Rubio backs Trans-Caspian gas pipeline proposal in meeting with Turkmenistan’s top diplomat
Infrastructure could boost European energy security, though Russia could move to block it.
Australia’s battery boom enables more than half of new solar output to be shifted beyond daylight hours
Australia installed enough battery storage capacity in 2025 to shift 53% of newly generated solar electricity beyond daylight hours, as the battery revolution accelerates.
Philippine rooftop solar boom makes country China’s second-largest export market in 2026
The Philippines has emerged as China’s second-largest export market for solar panels so far in 2026, driven by a rapid expansion of rooftop installations as households and businesses seek relief from some of the highest electricity prices in Asia.
US and Iran report latest strikes around Strait of Hormuz
US and Iran reported a fresh wave of strikes around the Strait of Hormuz, the third escalation in a week, as the IRGC said it hit a US-used air base after an attack on Sirri Island and talks stalled.
Canada’s Ksi Lisims signs 20-year LNG supply deal with Germany’s SEFE
A 20-year LNG supply deal has been signed by Canada’s Ksi Lisims project with German state-run firm Securing Energy for Europe.
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