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Hungary to expand energy cooperation with Russia, foreign minister says in live stream from Red Square
Hungary views the operations of its oil company MOL in Russia as highly successful and expects further expansion, Foreign Minister Peter Szijjarto said during his visit to Moscow.
Trading firm Vitol enters bidding race in Citgo auction, Red Tree selected as stalking horse
Vitol, a prominent trading firm, has entered the bidding race to acquire US refiner Citgo and filed a request with a federal court seeking further details on the stalking horse bid.
Green energy debts could derail Ukraine's green transition
A chronic debt crisis is threatening to undermine Ukraine’s efforts to attract investment into renewable energy sources.
Panic buying begins in Nigeria as naira-for-crude initiative ends
The Nigerian government’s cancellation of the naira-for-crude initiative has led to the beginnings of a fuel crisis, with retailers hoarding fuel to guarantee they have enough to sell at a higher rate – according to Business Insider Africa.
SNPC presents Gas Master Plan at Congo Energy & Investment Forum in Brazzaville
The Republic of Congo’s national oil company SNPC has outlined its forthcoming Gas Master Plan (GMP) designed to serve as a roadmap to developing the country’s gas resources for domestic and export markets.
Canadian explorer Africa Oil completes “transformational” Prime consolidation, declares quarterly dividend of $25mn
Canadian oil and gas exploration company Africa Oil Corp. (Africa Oil) has announced the completion of the amalgamation to consolidate all of the Prime Oil & Gas Coöperatief (Prime) shareholding in Africa Oil.
South African lawmakers visit Astron refinery amid fuel supply concerns
South African lawmakers conducted an oversight visit to the country’s Strategic Fuel Fund (SFF) in Saldanha and the Astron Energy Refinery in Milnerton on March 25-56, as the country grapples with an acute fuel shortage.
Russia, US discussing restarting Nord Stream gas deliveries to Europe
Moscow and Washington are currently in talks on the possibility of restarting Nord Stream gas pipelines deliveries to Europe, Russian Foreign Minister Sergey Lavrov said.
Woodside strikes 15-year LNG deal with China Resources Gas
Woodside Energy has signed a 15-year deal to supply LNG to China Resources Gas International, marking the Australian firm’s fourth long-term LNG deal in Asia since the start of 2024.
UK could produce half of oil and gas it needs by 2050 under right conditions: OEUK
The UK could supply half of its projected oil and gas demand by 2050 through domestic production if investment conditions improve.
Equinor scales back climate ambitions
Norway’s Equinor has scaled back its energy transition ambitions as it faces mounting challenges in meeting renewable investment targets, blaming rising costs, supply chain issues and changing political priorities.
Energy demand surges, renewables increase substantially
The latest report from the International Energy Agency has revealed a significant rise in global energy demand in 2024, driven primarily by a sharp increase in electricity consumption.
Glaciers are melting faster than ever before due to climate change, says UN agency
Mass loss of ice from the world’s 19 glacier regions was 450bn tonnes in 2024, says a new report from the UN’s World Meteorological Organisation.
More than 2bn people’s food and water supplies set to be disrupted by melting glaciers
The food and water security of approximately 2bn people will be negatively affected by the rapid retreat of glaciers, the United Nations has warned, and accelerating melt rates are expected to have severe and unpredictable consequences.
Trump threatens 25% tariffs on Venezuelan oil buyers, extends Chevron licence
US President Donald Trump has announced a sweeping 25 per cent tariff on any country purchasing oil or gas from Venezuela, escalating his administration's economic pressure on the South American country and its international trading partners.
Russia, Mongolia hold more talks on gas pipeline to China
Plans for the Power of Siberia 2 gas pipeline linking Russia to China via Mongolia were discussed during a meeting between Russian Energy Minister Sergei Tsivilev and Mongolia’s Ambassador-at-Large Zandaahuu Enkhbold.
Global energy demand doubled in 2024 driven by extreme temperatures, but renewables covered 80% of the increase, says IEA
Global energy demand growth surged in 2024 to almost twice its recent average, driven by rapidly rising electricity use, the International Energy Agency said in its global energy review 2025 report on March 23.
Canadian government invests CAD200mn in Cedar LNG Project
Cedar LNG, a joint venture between Pembina Pipeline and the Haisla Nation has been granted CAD200mn in financing from the Canadian government under its Strategic Innovation Fund, Mark Carney’s administration announced.
Germany seeks to sub-charter floating LNG terminals amid contract disputes
Germany’s economy ministry is gauging interest in its excess floating LNG terminals as it considers sub-chartering the ships as they sit idle following two contract cancellations.
Rosneft achieves record revenue, EBITDA in 2024
Russia’s largest oil producer Rosneft reported record revenue of RUB10.14 trillion ($12.7bn) in 2024, an 11% year-on-year increase.
Kenya signs nuclear energy pact with Chinese firm
European Commission launches inquiry over BYD’s Hungarian investment
The European Commission has launched an investigation into whether BYD received unfair state subsidies from China to support the construction of its Hungarian factory.
India boosts energy, mobility infrastructure in western Himalayas
The union territory of Ladakh holds immense strategic and geopolitical importance for India as it borders China and Pakistan.
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