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Chinese power projects under CPEC leave Pakistan struggling with debt

The China-Pakistan Economic Corridor (CPEC), once hailed as a transformative initiative for Pakistan’s economy, has left the nation grappling with substantial debt and soaring electricity costs.

Trump says United States does not need Venezuelan oil

Trump indicated that the US could halt oil purchases from Venezuela as part of efforts to weaken Maduro’s regime, declaring: “We don’t need it.”

Trump withdraws US from Paris Agreement

President Donald Trump wasted no time withdrawing the US from the Paris Agreement merely hours after being sworn-in on January 20.

Five Canadian banks join exodus from Net-Zero Banking Alliance

Five of Canada’s biggest banks have pulled out of a global climate coalition for the financial sector.

Croatian robot boat to tackle microplastics in the Adriatic

Equipped with advanced sensors, Jadranko v1.0 is designed to detect, collect and analyse microplastics in marine environments.

Traders divert six US LNG cargoes from Asia to Europe

Higher European prices and poor demand in Asia for LNG have resulted in traders diverting at least six US LNG cargoes already this month.

China raises imports of Russian LNG by 3.3% in 2024

China has increased its reliance on Russian LNG with imports rising 3.3% to reach 8.3mn tonnes in 2024.

Trump announces 25% tariffs on Mexico and Canada from February 1

US President Trump has announced plans to impose 25 per cent tariffs on Mexico and Canada from February 1, citing concerns over immigration and fentanyl flows into the United States, while also taking steps to rename the Gulf of Mexico.

COMMENT: Trump demands Europe import more US LNG, as the EU proposes banning Russian LNG completely. Neither will happen.

US President Donald Trump wants Europe to buy more US gas or face tariffs, and ten EU member states have again called for an end to all Russian imports. Neither of these things are going to happen. Europe remains hooked on Russian gas.

Africa’s Just Energy Transition: AEC shares insights from South Africa and Senegal

NJ Ayuk, executive chairman of the African Energy Chamber, shares Just Energy Transition (JET) lessons learnt from two African countries with different power generation contexts.

Kenya revives oil exploration amid long-standing Turkana project challenges

Kenya is ramping up efforts to harness its oil and gas resources, unveiling a comprehensive strategy to overcome setbacks tied to the stalled Tullow Oil-led Turkana project.

TotalEnergies, Eni announce main oil discoveries in Libya

Libya’s National Oil Corporation (NOC) and foreign energy companies including TotalEnergies, Eni, OMV, Repsol and Nabors outlined significant milestones to enhance oil and gas production in Libya.

Iraq discovers largest oil reserve in central region

Explosion rocks refinery in Germany's Bavaria Province

An explosion at an oil refinery in southern Germany late on January 16 injured four people and triggered a fire, according to police reports.

Saving the Caspian Sea for Central Asia and Kazakhstan

The Caspian Sea has long been a cornerstone of life for Central Asia, especially for Kazakhstan, where it plays a critical role in supporting local economies, biodiversity and communities.

BP to slash global workforce by 5%

BP plans to cut more than 5% of its global workforce as part of a cost-reduction drive led by CEO Murray Auchincloss.

EBRD aims to ramp up investment in Romania to €1bn a year

Increase was largely down to a hike in investment into projects supporting Romania’s green transition.

Russia's ESPO oil transport costs to China triple in wake of Biden sanctions

The cost of transporting Russian ESPO crude oil to China has more than tripled following the introduction of new US sanctions targeting Russia’s oil sector.

US sanctions could affect Rosatom’s collaboration with South Africa’s Eskom

Rosatom signed a cooperation agreement with South Africa’s state-run power utility Eskom focused on a human-centric approach to workforce training. However, US sanctions targeting the Russian energy sector have impacted Rosatom.

Saudi Aramco and Welspun to establish a new pipeline facility

Welspun has signed a partnership deal with Saudi Aramco to establish a line pipe manufacturing facility in Saudi Arabia.

China's EBS discusses East Baghdad plans

Chinese firm EBS has held meetings with Iraq’s Ministry of Oil to discuss plans for the East Baghdad oilfield.

Dangote Refinery increases storage capacity

Nigeria’s 650,000 barrels per day Dangote Refinery is currently constructing eight new oil storage tanks to help tackle issues with crude supply.

Moldovagaz’s head says $709mn debt to Gazprom close to being settled

Gazprom cited a $709mn outstanding debt when it cut gas supplies to Moldova on January 1, but Chisinau says the debt is only $8.7mn.

Russia reports successful strikes against critical Ukrainian gas and energy infrastructure

Russia’s armed forces conducted a co-ordinated strike on critical gas and energy infrastructure in Ukraine using high-precision weapons and drones.

Google enters India’s carbon removal market with biochar deal with Varaha

Google has agreed to purchase carbon credits from an Indian start-up that transforms agricultural waste into biochar, a charcoal-like material that captures CO2 and enriches soil