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The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
Temperatures are continuing to rise to new all-time highs as global warming accelerates. People have started to die because of the extreme heat and it’s only a matter of time before the “wet-bulb” effect kills large numbers of people.
Iran’s two major clubs officially sold to banks, petchem companies
Iran's Economy Minister Ehsan Khandouzi has confirmed the transfer of ownership of the country's top two football clubs, Persepolis and Esteghlal to the private sector to continue playing in the Asian football league.
COLLINGWOOD: Ukraine’s power blackout means a dark future
In the last week, two pieces of legislation have been passed, one in Kyiv and one in Washington, that appear to go some way to addressing the most pressing problems Ukraine faces in its war with Russia. They do not.
MEOG: Eni farms down Ghasha stake
DMEA: Egypt detains LPG tanker after grounding
PANNIER: Gulf investment commitments to Central Asia rival sums once pledged by China
Since Russia lost leverage in the region after invading Ukraine, many countries have sought to fill the gap. In terms of pledged capital, the Arab nations have become big players.
SEFE concerned as Russia targets gas storage tanks in Ukraine
German gas trader SEFE has expressed concern over recent Russian attacks targeting Ukraine's largest underground storage facility with a capacity of 30bcm.
Will the Baku-Supsa pipeline become Azerbaijan's second oil export artery?
Despite the global "green transition," predictions of decreasing demand for fossil fuels have not yet been realized. And sanctions imposed on Russia are rewriting energy export routes.
Hungary aims to double geothermal energy use by 2030
Hungary already uses geothermal energy as a clean alternative to fossil fuel in district heating, but has vast untapped reserves.
Poland's first nuclear plant may carry €35bn price tag
Construction is expected to start in 2026, but the head of nuclear power SPV Polskie Elektrownie Jadrowe (PEJ) warns the costs will be high.
Equatorial Guinea awards Petrofac $350mn five-year contract centred on Zafiro oilfield
Petrofac awarded $350mn technical services contract by Equatorial Guinea's state oil company GEPetrol to support its operations in offshore Block B when it takes over the asset from ExxonMobil in June.
Premier Energy announces €125mn IPO in Bucharest to boost renewables portfolio
Bucharest Stock Exchange becomes increasingly attractive for investors after last year's Hidroelectrica IPO.
Namibian community rejects green hydrogen port expansion project serving Germany’s Hyphen
Hyphen Hydrogen Energy, a JV between renewables group Enertrag SE and investment/project development company Nicholas Holdings, aims to produce 2mn tonnes of green ammonia/ year in Namibia.
Xlinks warns cost of Morocco-UK Power Project could rise some 25% to reach $30bn
UK renewable energy producer Xlinks, noting significant upward pressure on the cost of all energy projects, warns construction of the Morocco-UK Power Project could cost $30bn, up from initial $24bn target.
French oil group Rubis inks deal to become strategic investor in NOC Kenya
French oil multinational Rubis is set to become a strategic investor in the struggling National Oil Corporation of Kenya
Eurasia has 20 major petrochemical projects underway worth over $200bn to double plastics production
Eurasia has 20 major petrochemical projects underway worth over $200bn to double plastics production.
LamAmOil: Biden reimposes oil sanctions on Venezuela
Serbia's historic monasteries go green with solar energy adoption
Ten monasteries in Serbia have adopted solar power in recent years in a bid to increase self-sustainability and curb electricity expenses.
Kazakhstan’s Kashagan claims against big oil firms now reportedly top $150bn
Astana said to have added $138bn claim for lost revenue, arguing energy majors developing Caspian Sea field have not fully delivered on production pledges.
Baltic states aim to go nuclear but have to wait
The three Baltic states – which have had no nuclear reactors since the closure of Lithuania’s Soviet-designed Ignalina plant 15 years ago – are now all looking at small modular reactor technology.
Dubai airport, city and roads still underwater from historic floods
Dubai witnessed "chaos" on April 17, with continued road closures and travellers urged not to come to the airport, a day after a storm accompanied by rains flooded large portions of the city.
Republic of Congo expands oil partnerships, eyes closer ties with Azerbaijan
The Republic of the Congo’s President Denis Sassou-Nguesso is diversifying the West African country’s oil and gas partnerships in search of reliable allies to explore its substantial reserves.
Dubai hit with a year’s worth of rain in a day
Dubai was hit with the heaviest rainfall in 75 years after a whole year’s worth of rain fell in a day on April 16, plunging the capital of the United Arab Emirates into chaos.
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