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Libya to launch bid for 22 oil blocks, largest round in 18 years
Libya plans to launch a historic oil exploration bidding round covering 22 blocks (11 offshore and 11 onshore) in the country’s largest initiative of its kind since 2007
Nigeria should not be importing fuel, says Aliko Dangote
CEO of Dangote Group Aliko Dangote has criticised Nigeria’s continued reliance on imported crude and refined petroleum products, noting that the country has no justification for importing the commodities if current laws were being enforced.
Luberef gains feedstock extensions for facilities at Jeddah, Yanbu.
Saudi Aramco Base Oil Co. (Luberef) has received notice from Saudi Arabia’s Ministry of Energy regarding the extension of feedstock allocation for its facilities.
Targa expands in US’ Permian Basin with Stakeholder acquisition
US midstream player Targa Resources has struck a deal for a wholly owned subsidiary to acquire Stakeholder Midstream for $1.25bn in cash.
Hungary to challenge EU plans to ban Russian oil and gas in court
Foreign Minister Peter Szijjarto says plan to ban EU member states' imports of Russian oil and gas from 2027 would "undermine Hungary's energy security".
Slovak Economy Minister Saková claims Bratislava negotiated extension of Russian gas imports
Slovakia has a valid contract with Gazprom until 2034 and opposes EU plans to phase out Russian fossil fuel imports by 2027.
Russian oil exports reshuffled as non-sanctioned firms offset decline from Lukoil and Rosneft
US investment bank Goldman Sachs reports that the oil exports by Russia’s recently sanctioned energy giants, Lukoil and Rosneft, have fallen by 1.1mn barrels a day, while those of non-sanctioned companies are up the same amount.
Environmental crime growing sharply across Western Balkans, watchdog warns
Environmental crime has become one of the fastest-growing illicit economies in the Western Balkans, according to a new report by the Global Initiative Against Transnational Organized Crime.
Europe’s groundwater reserves in danger from Climate Crisis
Europe is turning into an underground desert as groundwater reserves are severely depleted due to intensifying climate impacts and long-term overextraction, according to a new study reported by The Guardian on November 29.
South Africa’s Eskom advances environmental studies for potential third nuclear power station
South Africa’s state-owned utility Eskom has begun EIA work for two proposed nuclear sites at Thyspunt and Bantamsklip, according to regulatory notices.
Venezuela condemns US court approval of $5.9bn Citgo sale as “barbaric dispossession”
Venezuela has slammed a United States court decision authorising the sale of oil company Citgo to settle billions of dollars in debt, calling the move "fraudulent" and a violation of its sovereign assets.
Brazil’s Petrobras cuts investments, deprioritises some Equatorial Margin wells on lower crude prices
Petrobras approved a $109bn business plan for 2026-2030, reducing total investments by nearly 2% from its previous five-year plan while lowering dividend forecasts as Brazil's state-owned oil major navigates a scenario of depressed crude prices.
Serbia’s sole oil refinery shuts down after US sanctions block crude oil supply
NIS, majority-owned by Russia’s Gazprom group, has been unable to secure new crude shipments since the sanctions took effect on October 9.
Woodfibre LNG receives second floatel to house workers
Woodfibre LNG has welcomed a second floatel to accommodate workers at its site.
Sam Nwanze of Nigeria’s Heirs Energies named CFO of the Year at All Africa Business Leaders Award
Samuel O. Nwanze, Chief Financial Officer (CFO) of Heirs Energies, one of Africa’s fastest-growing indigenous integrated energy companies, has been named CFO of the Year at the All Africa Business Leaders Award.
UK’s Centrica signs 15-year LNG supply deal with Honduras
London-headquartered Centrica Energy has reached an agreement to supply LNG to Exodus for Honduras.
African Energy Chamber condemns UK's withdrawal of funding for Mozambique LNG project
The African Energy Chamber (AEC) has strongly criticised the UK government’s decision to withdraw financial support from the Mozambique liquefied natural gas (LNG) project.
COMMENT: Putin's India visit signals push for major overhaul in relations
In FY2024-25 Russia's bilateral trade with India was propelled almost entirely by New Delhi's voracious appetite for discounted Russian crude
Poland emerges as regional gas hub on record 2025 transmission volumes
Poland is emerging as a regional gas hub after setting a new record for natural gas transmission in 2025. Gaz-System, the state-owned transmission system operator, is on track to deliver a record 20bcm this year.
Libya and Algeria eye expanding technical energy cooperation in refinery, pipeline and solar projects
Libya’s Ministry of Oil and Gas and Algeria’s Sonatrach are looking to collaborate on refinery-rehabilitation studies, pipeline options, solar-energy projects and laboratory research.
Tehran lifts pollution emergency as air quality improves
Tehran lifts air pollution emergency as conditions improve, with schools and offices resuming normal operations Wednesday after week-long crisis that forced closures across the Iranian capital.
Kodal begins spodumene exports from Mali to China amid lithium market rebound
Kodal Minerals (AIM: KOD) has completed its first shipment of spodumene concentrate from the Bougouni lithium project in Mali to offtake partner Hainan Mining Co. in China, marking the company’s first revenue-generating export from the site.
Singapore’s Destiny Energy to invest $210mn in green ammonia facilities in Egypt
Singapore-based Destiny Energy will invest $210mn to establish green ammonia production facilities in Egypt’s Suez Canal Economic Zone (SCZone).
Morocco launches tender for 1,000km power transmission line
Morocco’s National Office of Electricity and Potable Water (ONEE) launched a prequalification process for contractors to build approximately 1,000km of ultra-high-voltage transmission lines linking Boujdour and Tensift
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