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Norway dumps Mexico's Pemex over decades of corruption scandals
Pemex faces international scrutiny after Norway’s Government Pension Fund Global sold its fixed-income investments, citing unresolved corruption risks spanning nearly two decades.
Norway dumps Mexico's Pemex over decades of corruption scandals
Pemex faces international scrutiny after Norway’s Government Pension Fund Global sold its fixed-income investments, citing unresolved corruption risks spanning nearly two decades.
AfDB commits $29.4mn to 62 MW solar power project in Togo
The African Development Bank (AfDB) has committed €26.5mn in financing for a 62 MW solar power plant in Togo, to be developed by French state-owned utility Électricité de France.
African energy ministers convene to explore financing strategies at Invest in African Energy 2025 forum
African energy ministers are meeting at the Invest in African Energy (IAE) 2025 conference focused on unlocking finance for energy projects across the continent.
Russia eyes deeper coal partnership with India amid long-term supply plans
Russia’s coal reserves are sufficient to meet domestic demand for over 500 years, and the country sees significant scope for deepening cooperation with India in the coal sector.
COMMENT: Taiwan is playing with darkness by abandoning nuclear power
Japan has restarted many of its nuclear reactors, recognising their role in energy security and climate targets. South Korea has also reinstated nuclear as a core component of its energy strategy. Taiwan, by contrast, is marching backwards.
Ukraine pledges $48mn in annual payments to joint subsoil fund with US
The Ukrainian government plans to allocate up to UAH2bn ($48mn) annually to a future US-Ukrainian subsoil fund.
Russia sees sharp fall in oil reserves replacement
The growth in Russia's oil reserves, including gas condensate, dropped by 9% in 2024 to 516mn tonnes, matching the country's oil production for the year.
Egypt eyes long-term contracts for Qatari natural gas supply
Egypt and Qatar are planning to sign long-term contracts for the supply of Qatari natural gas to meet Egypt’s domestic energy needs.
EU Commissioner asks Czechs to wait to sign Dukovany nuclear contract
Czech media speculated that the European Commission could take action over the Dukovany nuclear tender, including a possible review of the selection of KHNP.
Japan’s Eneos pivots investment from hydrogen to LNG
Japanese energy company Eneos Holdings will shift investment from hydrogen to LNG and sustainable aviation fuel.
US investment firm eyes stake in Russian gas pipeline to EU via Bulgaria
Elliott Investment Management, one of the most influential US investment firms, is in early-stage talks to acquire a stake in a package of infrastructure assets, including part of the pipeline transporting Russian natural gas to the EU via Bulgaria.
BLOG: Don't be afraid of the great gas glut
We are on the brink of a serious glut in global LNG supply – some will say. Global gas prices are indeed set to fall and the market loosen over the coming years, thanks mainly to the US and Qatar.
Nigeria’s oil output falls 4.37% in March, widening gap with OPEC quota
Nigeria’s crude oil production declined by 4.37% in March to 1.401mn barrels per day (bpd), further widening the gap between actual output and the country’s OPEC quota, the April OPEC Monthly Oil Market Report (MOMR) has revealed.
Brazil poised to challenge China's rare earth dominance
Brazil could emerge as a major competitor to China in the strategically critical rare earths market amid escalating global trade tensions and surging demand for these essential elements in high-tech manufacturing.
Amid oil price challenges, Aramco announces Q1 results
Aramco has reported a fall in Q1 net income, reflecting the turbulence of global energy markets and softer oil prices
Every $1 drop in oil price could cost Azerbaijan $300mn in exports, $150mn in budget revenue, ING says
Fluctuations in global oil prices remain a critical vulnerability for Azerbaijan’s economy.
Tensions, trade, and the fuel factor—India’s energy supply amid conflict with Pakistan
As India turns Westward for crude, with one eye on Pakistan’s military actions to the Northwest, the LNG picture is less optimistic. The ongoing strain with Pakistan threatens to compromise pipeline logistics and maritime routes of the fuel.
Wildfires in Syria's Jabal Turkman expand as strong winds hamper control efforts
Wildfires in Syria's Jabal Turkman have expanded due to strong winds as firefighting teams battle the blaze for a fifth consecutive day.
YPF post strong Q1 results amid rising Argentina activity
YPF's first-quarter 2025 results revealed significant expansion in Vaca Muerta operations, with shale oil production averaging 147,000 barrels per day between January and March.
BioLite acquires controlling stake in Baobab+ to expand off-grid solar operations
BioLite has acquired a controlling stake in African solar distributor Baobab+, strengthening its position as a vertically integrated provider of off-grid renewable energy solutions.
Green hydrogen rollout in India slowed by cost gap with grey hydrogen
India’s National Green Hydrogen Mission has outlined a plan to establish the country as a major producer and exporter of green hydrogen.
Turkmen leader touts trade and investment during French trip
Offering confirmation that Ashgabat is ready to do business with Western firms.
Serbia’s Vucic to discuss new gas deal with Putin in Moscow
Aleksandar Vucic visited Moscow for the May 9 Victory Day parade shortly before Serbia’s gas supply agreement with Russian energy giant Gazprom is due to expire.
Young generations face unprecedented climate extremes
More than half of children born in 2020 will experience unprecedented lifetime exposure to extreme heatwaves even if global warming is limited to 1.5°C above pre-industrial levels.
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