Free Top Stories
Pakistan's solar revolt strands China's Belt and Road coal plants
Pakistan has bought its way out of Chinese coal with Chinese solar panels, and Beijing is left holding the bill.
Venture Global announces new offtake deal amid push for commercial operations at Plaquemines
US LNG developer Venture Global has signed a 20-year sales and purchase agreement with ConocoPhillips covering 1mn tonnes per year of LNG.
COP31 co-presidents Turkey and Australia two of world’s worst coal culprits, shows report
Countries connected by supply chain responsible for over 75mn tonnes of CO₂ emissions since signing of 2015 Paris Agreement, analysis shows.
Ankara pitches Development Road as $80bn energy corridor
Türkiye plans to turn the proposed Development Road from Iraq’s southern ports to Europe into a multi-fuel energy corridor worth $80bn annually
Russia's ageing reactors leave a €21bn clean-up bill it keeps putting off
Russia is short of about €18.7bn ($21bn) to decommission 35 ageing nuclear reactors operated by Rosenergoatom, whose own estimate puts the total bill at about €21bn.
Iran war's Hormuz shock is biggest energy disruption on record - McKinsey
The closure of the Strait of Hormuz is the largest energy supply disruption in modern history, but the world has coped better than feared thanks to shock absorbers built after the 1970s, the McKinsey Global Institute says in a report published on...
El Niño, oil shocks and broken utilities turn the Philippines into Asia's water crisis test case
The Philippines must deploy PHP1.07 trillion ($17bn) in fresh capital expenditures through 2030 to upgrade its water and sanitation network or face acute supply deficits within fifteen years.
Vietnam starts Mekong Delta rice and biomass energy complex
Construction began in Vietnam's Can Tho City on October 3 on a rice processing complex with annual capacity of 500,000 tonnes and an attached biomass fuel supply centre.
Pakistan promises IMF sale of nine power distributors by 2027
Pakistan has told the International Monetary Fund it will sell nine state-owned electricity distribution companies by December 2027.
BOTAŞ seeks LNG carrier on 940-day charter
Turkey’s state pipeline operator BOTAŞ Petroleum Pipeline Co. has launched an open tender for the time charter of a single LNG carrier
Tecnimont and CCC seal Safaniyah water injection deal
Italy’s Tecnimont and Consolidated Contractors Co. (CCC) have signed the construction contract for Saudi Aramco’s Safaniyah Water Injection Project
Iran's oil minister quits, replaced in shock announcement
Hamid Bovard, who runs the National Iranian Oil Company, is acting oil minister after Mohsen Paknejad resigned, leaving Iran's oil ministry in the hands of a veteran oilfield manager during the war with the US.
Dangote's $16bn Kenya refinery faces second legal challenge over state stake
Kenya's consumer federation wants a review of the state's planned 10% stake in Aliko Dangote's $16bn Lamu refinery, the project's second legal challenge.
African fuel importers face tighter Asian supply as China halts October exports, Brent tops $100
African fuel importers face tighter supply after Chinese refiners suspended oil product exports for October and Brent crude rose back above $100 a barrel
Moldova bets on wind, batteries and new power lines to halve its import dependence
Moldova has lifted renewables from 3% to about 30% of its electricity consumption in five years and now plans a wind, battery and grid build-out to halve its dependence on energy imports by 2050.
Namibia’s Custos to transfer PEL 90 stake to Chevron affiliate in $11mn deal
Custos Energy is transferring its 10% participating interest in Namibia’s PEL 90 offshore licence to Chevron affiliate Harmattan Energy in an $11mn deal while retaining exposure to future upside.
Rwanda outlines financing plan for first small modular nuclear reactor
Rwanda is moving its nuclear programme towards the financing stage, with a new roadmap proposing sovereign, multilateral and PPP structures for a planned small modular reactor, although no funding has been secured.
Aliko Dangote, Africa’s richest man, sets out $50bn multi-sector, continent-wide expansion plan
Nigerian industrialist Aliko Dangote plans to invest about $50bn across Africa by 2030, extending a capital-intensive expansion that is pushing his conglomerate further into refining, fertiliser, cement, energy and infrastructure.
AEC backs Dangote’s planned Kenya refinery amid land court dispute
The African Energy Chamber (AEC) has backed Aliko Dangote’s planned 700,000-barrel-per-day (bpd) refinery in Lamu, Kenya, after a court order temporarily restricted activities on land earmarked for the project.
Russia proposes higher fuel price benchmarks for damper subsidy
Russia’s government wants to raise the fuel price benchmarks that decide whether oil companies qualify for the damper, the budget subsidy that keeps petrol and diesel cheaper at home than abroad.
Canada’s energy regulator approves Trans Mountain tolls settlement
The Canada Energy Regulator announced this week that it had approved the tolls settlement for the Trans Mountain oil pipeline system.
Kenya’s nuclear power project faces East African Court challenge over environmental concerns
Kenya’s proposed nuclear power project in Bondo, Siaya County, has been challenged at the East African Court of Justice, with a petitioner seeking a review of the site’s suitability and a transboundary environmental assessment.
BP reported to have explored acquisition of Devon assets before backing away
BP reportedly explored a potential acquisition of Devon Energy’s Eagle Ford shale assets in South Texas but ultimately decided not to proceed.
After financing doubts last year, Tajikistan’s Rogun is on rise again
Critics cry foul after World Bank OKs $300mn.
Beijing-based AIIB, Uzbekistan agree $5bn pipeline of potential 2026-2029 infrastructure investments
Projects include support for preparation of proposed resilient electricity transmission initiative.
Follow us online