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Trump hails “fantastic” phone call with Venezuela's Rodríguez as Machado visit looms
US President Donald Trump said he has held a lengthy telephone conversation with Venezuela's interim president Delcy Rodríguez, lavishing praise on the Chavista administrator as a "terrific person" with whom he is working "very well."
Africa’s green hydrogen projects stall as offtake gaps persist, warns EIC
Africa’s green hydrogen ambitions are slowing as most projects lack binding offtake agreements and critical infrastructure. The EIC finds only two small plants operating despite $194bn in planned investments.
Iran's Oil Minister dismisses Trump threats as oil sector continues operations
Iranian Oil Minister Mohsen Paknejad dismisses Trump threats saying Iran continues oil operations despite US president's boasting, as Tehran pursues Venezuelan oil debts dating back three to four years.
Vickery closes acquisition of Appalachia player Tribune
Vickery Energy Partners, which is a portfolio company of Quantum Capital Group, announced last week that it had closed its acquisition of Tribune Resources.
Canada’s CNRL seeks to buy Alberta gas assets from Tourmaline
Canadian Natural Resources Ltd (CNRL) is seeking to acquire a portfolio of natural gas properties in Alberta from Tourmaline Oil.
Russia’s falling power demand highlights growing stagnation
It’s a classic proxy for economic growth: Russia’s demand for power in 2025 turned negative for the first time in four years underscoring a self-inflicted economic slowdown that threatens to turn into a recession this year.
Kazakhstan appeals to US, Europe to stop drone attacks on its Black Sea oil shipping
Officials feel country unfairly bearing brunt of a battlefront in the Russo-Ukrainian War.
SABIC avoids $4bn in future losses with decision to divest from assets outside of Saudi Arabia
Saudi Basic Industries Corporation (SABIC) has said that its decision to divest from numerous assets outside Saudi Arabia has helped stem the potential loss of $4bn in the future.
COMMENT: Instability in Iran bigger threat to global oil markets than Venezuela
The mass demonstrations rocking Iran presents a far more serious risk to global oil markets than the US decapitation of Venezuela, according to note by Kieran Tompkins, Senior Climate and Commodities Economist at Capital Economics.
Venezuela moves to overturn Citgo sale order
Venezuela, its state oil company PDVSA and related entities have asked the United States Court of Appeals for the Third Circuit to set aside a Delaware judge’s order approving the sale of PDV Holding.
Gambian president appoints Cany Jobe to lead petroleum regulator
Cany Jobe, an experienced oil and gas industry executive, has been appointed by Gambian President Adama Barrow as the new Director General of the Petroleum Commission of The Gambia.
Algeria’s oil exports fall 2% in 2025 despite year-end rebound
Algeria’s oil exports declined by 2% y/y in 2025, equivalent to about 16,000 bpd, despite a strong recovery in shipments during December 2025, energy platform Attaqa reported
Senegal reclaims Cayar Offshore Shallow block from Nigeria’s Oranto Petroleum
The Ministry of Energy and Petroleum of the Senegal has formally withdrawn the licence for the Cayar Offshore Shallow (COS) block held by Nigerian oil firm Oranto Petroleum.
Egypt and Oman explore deeper energy and mining cooperation
Egypt and Oman are moving to deepen cooperation in oil, gas and mining
Chinese company poised to expand production at massive Turkmen gas field
Ashgabat has export options.
Brazil oil and gas output rises nearly 14% in November, more pre-salt reserves to be developed
Brazil's oil and natural gas production reached 4.920 mn barrels of oil equivalent per day in November 2025, with crude output climbing 13.9% from the same month a year earlier despite a monthly decline.
Bosnia threatens legal action over Croatia’s nuclear waste site near border
Zagreb says the site, long opposed by Bosnia, is needed to store waste from the Krško nuclear power plant.
US moves in Venezuela are being felt half a world away in Asia
Venezuela itself has long occupied an unusual position in Asian oil markets. Its crude is heavy, sulphur-rich and difficult to process, yet it has found a natural home among a small subset of Asian refiners willing to adapt for the right price.
Scientists in Tajikistan puzzled by expanding glacier
“Roof of the World” ice core sent to Japan for laboratory analysis of anomaly.
Cuba braces for economic collapse as US blocks Venezuelan oil supplies
US President Donald Trump has warned Cuba it will no longer receive oil supplies or financial support from Venezuela, calling on the island's government to negotiate terms with Washington in the aftermath of last week's ouster of Nicolas Maduro.
Turkey’s natural gas consumption climbs to record 60-61 bcm in 2025
Households burnt through more than an annual 20 bcm for the first time.
Iranian firm claims breakthrough in petrochemical technology, IRGC cyber unit reports
Iranian firm claims breakthrough in petrochemical separation technology according to IRGC cyber unit, though claims could not be independently verified and timing raises questions about credibility.
Egypt exports new LNG cargo to Canada as gas output expansion gains pace
Egypt exported a new liquefied natural gas (LNG) cargo from the Idku LNG complex on the Mediterranean coast, destined for Canada on behalf of France’s TotalEnergies (TTE: EPA)
Azerbaijan inaugurates its largest wind farm to date
240 MW Khizi-Absheron wind farm to meet rising domestic demand and enable higher electricity exports.
TPAO and ExxonMobil sign deal for offshore exploration
Turkiye's TPAO has formalised a strategic partnership with a subsidiary of ExxonMobil for offshore exploration
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