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MOL to take majority stake in Hungary's leading engineering university
Hungary's MOL is set to take majority ownership in the state-owned company running Budapest University of Technology and Economics, Hungary's most prestigious engineering institution, for HUF50bn (€120mn).
CITIES IN PERIL: Accra under water
Climate change and urban crisis collide in Ghana’s capital.
CITIES IN PERIL: Cities confront the rising tide of climate change
Fast and chaotic urban population growth combined with climate challenges on multiple fronts are putting cities at risk around the world.
Bolivia's $2bn lithium deals with China and Russia suspended by court ruling
A court in Potosí halts $2bn lithium projects with Russia’s Uranium One and China’s CBC in Bolivia, home to the world’s largest lithium reserves, over legal and environmental concerns tied to direct lithium extraction plans.
Water will one day be more valuable than oil in Central Asia, warns Tajik analyst
Melting of glaciers in Tajikistan’s mountains a grave threat to region’s water security.
TotalEnergies divests its non-operated interest in Nigeria’s Bonga field
TotalEnergies' Nigerian subsidiary TEPNG has signed an agreement with Shell Nigeria Exploration and Production Company Ltd (SNEPCo) for the sale of its non-operated 12.5% interest in the OML 118 Production Sharing Contract (PSC) for $510mn.
Nigerian court dismisses $1.3bn Malabu claim against Agip over OPL 245
The Nigerian Agip Oil Company has secured a legal victory after the Court of Appeal in Abuja dismissed a $1.3bn claim by Malabu Oil and Gas concerning the ownership of the disputed Oil Prospecting Licence (OPL) 245.
South Africa faces crude oil supply crisis as Sasol’s refinery warns of possible closure
South Africa is facing a mounting crude oil supply crisis, with serious implications for its energy security. At the heart of the issue is the financial strain on the Natref refinery in Sasolburg.
Glenfarne selects Worley for additional Alaska LNG pipeline work
Glenfarne Alaska LNG announced on May 27 that it had selected Worley to carry out additional engineering work and prepare a final cost estimate for the planned Alaska LNG pipeline.
Cheniere strikes deal to buy gas from CNRL
US LNG exporter Cheniere Energy has struck a deal to buy natural gas from Canadian Natural Resources Ltd (CNRL).
India’s remote Northeast emerges as a green energy frontier
India’s Northeast is gaining renewed strategic and economic significance as the country recalibrates its regional posture amid evolving geopolitical dynamics
Chevron ends Venezuelan oil production, investment, exports
Chevron has ended its oil production contracts in Venezuela, after its US licence to operate there was cancelled.
Citgo auction extended as Venezuela's PDVSA wins key US court battle in $1.5bn debt dispute
A US federal judge has extended the deadline for bidding on Citgo Petroleum's parent company until June 2, following a significant New York court ruling that has reduced litigation risks surrounding Venezuela's most valuable overseas asset.
Saudi Aramco plans to sell assets to raise cash for expansion and operations
Unnamed sources told Reuters this week that Saudi Aramco was planning to potentially sell assets to raise cash for international expansion and existing operations.
Dangote, NPA plan to expand Nigerian port operations
The Nigerian Ports Authority (NPA) and Dangote Industries Ltd. (DIL) have joined forces to expand the operational capacity of Nigeria’s maritime economy with the goal of increasing export capacity.
Central Asian states ready to meet rising global demand for critical minerals
China has stranglehold on rare earths needed for emerging technologies.
Australia set to approve North West Shelf extension
Australia’s Federal Environment and Water Minister, Murray Watt, signalled his intention this week to approve the extension of Woodside Energy’s North West Shelf gas processing facility.
Is Kazakhstan guilty of “resource nationalism” in pursuing massive revenue claims against oil majors?
Efforts put into play by new generation of political elites “talk to ‘gut’ of people”, says one observer.
Czech PM Fiala admits cabinet may not be able to sign Dukovany nuclear contract
The contract with South Korean Hydro and Nuclear Power faces extended delays after one of the two unsuccessful bidders, French Électricité de France, filed a lawsuit against the selection of KHNP.
US tariffs: threat or opportunity for ASEAN’s clean energy ambitions?
In April, when US President Donald Trump announced steep import tariffs targeting a swathe of sectors, reigniting concerns among many ASEAN countries that have flourished under the China+1 strategy.
South Korea and Japan eye strategic icebreaker advantage in US tariff talks
Japan’s Prime Minister, Shigeru Ishiba, has signalled interest in positioning icebreaker cooperation as a key point in negotiations with President Donald Trump, scheduled for final talks during the G7 summit in Canada this June.
Critical delay hits Russia’s building of Turkey’s first nuclear plant as $7bn fails to show up
Moscow believed to be seeking financial concessions from Ankara.
Thousands of species threatened by climate crisis, says novel study
A new study highlights the growing threat climate change poses to animal life, identifying over 3,500 species as at risk.
Forests are increasingly becoming carbon emitters
Forests that once played a critical role in removing carbon from the atmosphere are increasingly becoming significant sources of emissions, driven by record-setting fires in regions like the boreal belt, the Amazon and Australia.
Trump boosts US nuclear power
US President Donald Trump is seeking to usher in a nuclear renaissance in the United States. He has signed executive orders to boost the non-emissions energy technology.
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