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Panoro Energy targets 20,000 bpd after offshore Equatorial Guinea acquisition expansion
Panoro Energy ASA (OSE:PEN) is on track to increase net production to 20,000 bpd during 2027 following its acquisition of an additional stake in Block G offshore Equatorial Guinea. It also expanded reserves and advanced new offshore Gabon drilling.
Wind and solar overtake coal in Turkey’s power generation for first time - EMBER
Wind and solar energy generated more electricity than coal in Turkey for the first time in April 2026, marking a milestone in the country’s energy transition as strong rainfall also boosted hydroelectric output, according to Ember.
Congo pushes stronger local content and LNG expansion in energy sector talks with AEC
High-level talks between Congo’s minister of hydrocarbons and the African Energy Chamber focused on strengthening local content and advancing gas sector expansion to position the country as a regional gas hub.
Russia irked by US, EU moves to secure Central Asia critical minerals
Kremlin official talks of “attempt to push Russia out and create a Western-controlled infrastructure in the immediate vicinity of our borders".
Egypt reduces foreign oil companies’ dues to $440mn, says petroleum minister
Egypt has reduced outstanding payments owed to foreign oil companies from $6.1bn at the end of June 2024 to $440mn currently, according to a statement from the Ministry of Petroleum and Mineral Resources
Putin leaves Beijing with no Power of Siberia pipeline deal
Vladimir Putin arrived in Beijing on May 20 hoping that the Iran war's disruption to global energy markets would finally give him the leverage to close one of the most consequential energy deals of his presidency. He left empty handed.
Venezuela unveils draft oil rules to guide foreign investment push, economy expands
Venezuela has begun circulating draft regulations linked to its newly approved hydrocarbons law.
Russia oil and gas revenues up 40% in May on Iran war pressures
Russia’s oil and gas revenues are expected to jump 39% year on year in May to about RUB700bn ($9.8bn), buoyed by higher global crude prices driven by the conflict involving Iran, according to Reuters calculations published on May 20.
Fitch expects strong expansion in Egypt’s renewable energy capacity by 2035
Fitch Ratings said it is optimistic about Egypt’s power sector between 2025 and 2035, projecting significant growth in electricity generation capacity driven by large investments in renewable energy projects
Egypt plans to establish Alexandria-El Hamra refined products pipeline
Egypt’s Ministry of Petroleum is preparing to complete a new pipeline for transporting refined petroleum products from Alexandria to El Hamra Petroleum Port on the Mediterranean coast during H2 2026
Egypt to launch international oil exploration tender in Q3 2026
Egypt’s Ministry of Petroleum is preparing to launch a new international tender for oil exploration covering at least 15 sites in Q3 2026.
Dangote plans major Atlantic port project in southwest Nigeria to support oil, fertiliser exports
Dangote Industries, the parent company of a 650,000-bpd refinery, said the port would support exports of fertilisers and petrochemicals in addition to refined petroleum products
Capricorn, Cheiron sign $208mn deal to expand gas exploration in Egypt’s Western Desert
Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Capricorn Energy (LSE: CNE) and Cheiron to expand oil and gas exploration and production activities in the Badr El-Din area of the Western Desert
UAE, Kuwait expand overseas storage to safeguard Asian supply chains
Kuwait is accelerating a strategy to hold crude reserves overseas to insulate international supply chains from mounting geopolitical risks in the Gulf.
Kenya lists first infrastructure fund on Nairobi bourse with UK support
Spearhead Africa Infrastructure Fund became the first infrastructure-focused vehicle to list on the Nairobi Securities Exchange after raising $26.3mn for renewable energy, logistics and digital infrastructure projects.
Vietnam plans 270MW floating solar across hydropower reservoirs
Vietnam’s state-owned power producer EVNGENCO1 has proposed adding 270MW of floating solar capacity across three hydropower reservoirs in southern Vietnam
Ukraine secures financing for wartime energy storage and bioenergy projects
Ukraine has secured financing for a major energy storage facility backed by international insurance coverage, while plans are advancing for a new bioenergy complex in the country’s west, as Kyiv seeks to strengthen its energy resilience.
Sudan expands solar energy projects to ease power crisis
The Sudanese government has announced a set of measures to support solar energy projects as part of efforts to address the country’s ongoing electricity shortages
Pakistan makes first US crude imports as energy ties expand
Pakistan has imported 6mn barrels of crude oil from the US for the first time in the current fiscal year, in a move that highlights a gradual widening of energy links between Islamabad and Washington.
Georgia and Azerbaijan sign energy and transit deals at Aliyev-Kobakhidze summit
Deals cover natural gas supply, electricity imports and transit, the revival of the Baku-Tbilisi-Supsa oil pipeline, and rehabilitation work on the Baku-Tbilisi-Kars railway.
Glenfarne’s Alaska LNG secures supply deal with ConocoPhillips
Alaska LNG has inked a 30-year natural gas supply deal with US energy giant ConocoPhillips.
Australian Union Group says it will Strike at Inpex’s Ichthys LNG plant
Workers in Australia at the Ichthys LNG export terminal in northern Australia will begin strike action on May 27.
Taiwan’s renewable energy push is a combination of ambition, delays, and dependence
The government originally targeted a 2025 electricity mix of 20% renewables, 50% LNG and 30% coal. That target has since quietly slipped, with officials now acknowledging that the 20% renewables goal will likely not be reached until after 2026.
Gulf allies avert US Strike on Iran as Washington weighs temporary sanctions relief
Following interventions by regional leaders, a planned US military strike against Iran was postponed amid reports Washington may temporarily waive oil sanctions during negotiations.
China added a Germany-sized electricity grid last year - OWID
We’ll often see headlines quoting how many gigawatts of new solar farms or coal plants China is building. But it’s hard to get a meaningful sense of scale for how electricity generation in China is changing.
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