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World’s richest 1% use up share of global carbon budget in first 10 days of 2025
The world’s richest 1% have burned through their share of the global annual budget in less than two weeks, analysis from Oxfam has revealed.
ICJ may rule on Guyana-Venezuela’s Essequibo dispute next year
Guyana's former Foreign Minister Carl Greenidge said that the International Court of Justice (ICJ) could deliver its ruling on the Guyana-Venezuela border controversy by 2026.
Iran mandates solar panels for new buildings amid power shortage
Iran has updated its building regulations, requiring developers to set up solar panels in newly constructed buildings, said a senior official at the state power producer and distributor Tavanir.
Iraq, BP to sign major Kirkuk fields deal worth over $27bn
A memorandum of understanding (MoU) was signed in London to assess the feasibility of a comprehensive redevelopment programme for four oil fields in Kirkuk as part of a bigger BP deal.
Leader of Moldova’s separatist Transnistria flies to Moscow to settle energy crisis
The pro-Russian separatist region is suffering from acute energy shortages since Gazprom cut supplies to Moldova on January 1.
ASX-listed Invictus Energy's Zimbabwe gas project secures three-year licence extension
Zimbabwe’s government has extended, by another three years, a special grant licence for a natural gas project which is majority-owned by a Perth-based exploration and development company, Invictus Energy (Invictus).
Greek gas consumption surges 30% in 2024
Greece's natural gas consumption rose by 30% last year to 66.2 TWh, with all domestic consumer categories recording increases.
Czechia wraps up work on pipeline expansion to end reliance on Russian oil
Czechia is on track to end its reliance on Russian oil within the next few months following the completion of key technical work on the TAL-PLUS oil pipeline expansion.
Eco Atlantic, Africa Oil complete transaction for Block 3B/4B in Orange Basin offshore South Africa
AIM- and TSX(V)-listed Eco (Atlantic) has completed its transaction for the sale of a 1% participating interest in Block 3B/4B offshore South Africa to Canadian full-cycle oil and gas explorer and developer Africa Oil.
UK and Iraq sign GBP12.3bn partnership deal
The UK and Iraq will sign strategic partnership and security agreements during Iraqi Prime Minister Mohammed Shia' Al-Sudani's visit to London on January 14.
New US oil sanctions, attack on Turkstream shake up global energy markets
The Biden administration imposed the harshest ever oil sanctions ever on Russia on January 10, which immediately roiled the international energy markets. Kyiv's attempt to destroy Russia's last gas pipeline to Europe unsettled markets further.
Global coal trade approaches its peak
Preliminary data from the International Energy Agency (IEA) indicates that global coal imports rose by 2.4% in 2024, reaching 1.5bn tonnes for the year.
Renewables Down Under, and under the Long White Cloud
Both Australia and New Zealand are achieving significant advances in their shift towards renewable energy sources. Both nations are striving to reduce their reliance on fossil fuels while embracing more sustainable energy alternatives.
TPAO arm contracts Subsea7 for Sakarya gas field work offshore Turkey
Turkish Petroleum Offshore Technology Centre AS (TP-OTC) has contracted international offshore service provider Subsea7 to provide inspection, repair and maintenance (IRM) services at the Sakarya offshore gas field.
Kenya's KenGen plans 42 new geothermal wells in national park despite environmental concerns
Kenya's state-owned Kenya Electricity Generating Company (KenGen) plans to drill 42 new geothermal wells within Hell’s Gate National Park in Naivasha over the next five years
EV market to grow faster in Africa, South America in 2025, expert predicts
Growing investments in renewable energy, such as solar power, complement the expansion of the electric vehicle (EV) industry, especially in areas with limited electricity infrastructure.
Vietnam proposes new electricity pricing for EV charging stations
Vietnam has proposed new electricity pricing for electric vehicle (EV) charging stations, with rates potentially reaching VND4,937/kWh ($0.20), as the country experiences a surge in EV adoption, officials said
CHN Energy connects Rudong Solar Hydrogen-Storage project to the grid in China
The project is seen as a major step forward in hydrogen power development for Beijing, reflecting China’s commitment to hydrogen energy as a cornerstone of its clean energy transition.
DMEA: Ras Tanura, Yanbu under threat from sea level rise
EBS meets Iraqi ministry to discuss East Baghdad plans
China's EBS has held meetings with Iraq’s Ministry of Oil to discuss plans for the East Baghdad oilfield.
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