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Serbia’s NIS posts 9-month net loss as US sanctions weigh on performance
NIS, majority-owned by Russia’s Gazprom Group, said it had operated in “extremely complex circumstances” after sanctions were announced by the US Treasury Department.
Trump administration reopens Alaska’s ANWR Coastal Plain to oil and gas leasing
The administration of US President Donald Trump has reopened the Coastal Plain of Alaska’s Arctic National Wildlife Refuge (ANWR) to oil and gas leasing.
Nigeria's Heirs Energies' CFO on powering growth via sustainable, indigenous-led development
NewsBase speaks exclusively to Samuel O. Nwanze, Executive Director and Chief Financial Officer of Nigerian indigenous integrated oil and gas company Heirs Energies.
Sable’s Santa Ynez offshore storage proposal in California to reportedly cost $1.7bn
Sable Offshore is exploring the option of using an offshore storage and treating vessel to market oil produced from the Santa Ynez project in waters off the coast of California.
Nigeria's NNPCL weighs technical equity partnerships to revive idle state-owned refineries
NNPCL is reviewing options to bring the Port Harcourt, Warri and Kaduna refineries back into meaningful operation, possibly by bringing in technical equity partners to upgrade or repurpose units.
Viktor Orban facing delicate balancing act to persuade Donald Trump to ease pressure on Hungary over Russian sanctions
The Hungarian prime minister, long admired in MAGA circles and hailed by Donald Trump as a “great leader” now finds himself for the first time at odds with the US president over the latest US sanctions on Russia.
Project Matador marks new South Korea-US nuclear collaboration
Fermi America, a private energy developer in the United States, is moving ahead with what could become one of the most significant privately financed clean energy projects globally.
Algeria backs African infrastructure development
Algerian President Abdelmadjid Tebboune has confirmed Algeria’s continued support for increased development in Africa, emphasising the need for integrated and modern infrastructure to develop the continent’s economy.
Mali closes universities and schools as fuel crisis worsens
Mali has shut down schools and universities across the country as an increasingly dire fuel crisis takes hold, with militant groups continuing to block fuel imports that typically enter the country via its landlocked borders.
Nigeria’s NUPRC holds exploratory talks with Bank of America on upstream financing
Nigeria's upstream regulator, NUPRC, has held exploratory talks with Bank of America as the country looks to attract new capital and revive crude output, after falling short of its OPEC+ quota.
The Arctic and Antarctica record "off the charts" heat as polar warming accelerates
Parts of both the Arctic and Antarctic have experienced historically high temperatures in recent weeks, with weather stations in East Antarctica recording record-breaking warmth for the month of October, alarming climate scientists.
Nigerian court freezes NGX-listed Nestoil's assets over $1.3bn debt claims
Armed police have sealed Nestoil Limited’s Lagos headquarters after the Federal High Court ordered a freeze of the company’s assets over alleged debts amounting to $1.01bn and NGN430bn ($296mn)
COMMENT: Sanctions on Rosneft and Lukoil are symbolic and won’t stop its oil exports
The Trump administration’s sanctions on Russian oil giants Rosneft and Lukoil, announced on October 22, may appear decisive at first glance, but they are not going to make a material difference to Russia’s export of oil, says Sergey Vakulenko.
Russia's Lukoil to sell international assets as a result of new US oil sanctions
Russia's second-largest oil producer, the privately owned Lukoil, will sell its international assets as a result of the new oil sanctions imposed by US President Donald Trump last week.
Singapore’s green pivot – headline grabbing but still limited
Forays into offshore wind via regional cooperation with neighbours, and forward-looking bets on hydrogen and low-carbon fuels are making headlines, but the scale required to wean a heavily gas-dependent system off fossil fuels is still daunting.
Ukraine accuses Russia of using energy blackmail against Serbia
Ukraine says Moscow is repeating tactics it previously deployed against Kyiv after Russia refuses to sell its stake in Serbia's NIS.
Petrofac the lowest bidder for Kuwaiti project as it files for bankruptcy
Troubled UK energy services group Petrofac has emerged as the front-runner for a major infrastructure contract in Kuwait, just as its parent company files for administration in the UK.
US senator tells Maduro "head to Russia or China" as warships close in on Venezuela
A senior US Republican senator has warned that Venezuelan President Nicolás Maduro's time in power is running out and suggested he leave the country, as military tensions in the Caribbean continue to escalate.
Tokyo Gas inks Letter of Intent for LNG from Alaska project
Tokyo Gas has signed a Letter of Intent with US developer Glenfarne for 1mn tonnes of LNG from the Alaska LNG project.
Golar agrees to charter FLNG unit to Argentina’s Southern Energy for 20 years
LNG infrastructure and services firm Golar has agreed to charter its MK II floating LNG unit to Argentinian firm Southern Energy for a 20-year term.
US expands oil sanctions on Russia
US President Donald Trump imposed his first sanctions on Russia’s two largest oil companies on October 22, the state-owned Rosneft and the privately-owned Lukoil in the latest flip flop by the US president.
Bulgaria tightens control over Lukoil sale after fresh US sanctions on Russia
Bulgaria’s parliament passed new legislation tightening state control over the sale of Russian oil major Lukoil’s assets in the country, after Washington imposed fresh sanctions on Russia’s top energy firms.
Turkmenistan’s TAPI gas pipeline takes off
Turkmenistan's 1,800km TAPI gas pipeline breaks ground after 30 years with first 14km completed into Afghanistan, aiming to deliver 33bcm annually to Pakistan and India by 2027 despite geopolitical hurdles.
China’s state-owned oil giants halt Russian crude purchases in response to US sanctions
China’s state-owned oil giants have paused their purchase of Russian crude oil in response to recent US sanctions targeting Moscow’s two largest oil firms, Rosneft and Lukoil
Namibia-focused explorer Sintana Energy provides update on Challenger acquisition
Canadian-listed oil and natural gas exploration company Sintana Energy Inc. (TSX-V: SEI) on October 21 provided an update on its intended acquisition of Challenger Energy Group.
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