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Egypt and Cyprus sign gas framework deal to boost energy cooperation
Egypt and Cyprus signed a framework agreement on March 30 to strengthen cooperation in the gas sector
Botswana in talks to take 30% stake in Angola’s $6.6bn Lobito oil refinery
If Gaborone secures a 30% stake in the Angolan refinery, its proportional share would equate to around 60,000 bpd of refining capacity, roughly twice Botswana's current level of consumption.
Will the Houthis once more target Red Sea shipping?
Saudi Arabia’s Red Sea bypass is now running close to its operational ceiling just as Yemen’s Houthis signal they are back in the regional fight.
Eni to invest $2bn in Egypt’s energy sector before end-2026
Italian energy major Eni is set to invest $2bn in Egypt’s energy sector before the end of 2026. The aim is to expand exploration activities and boost production.
Sany of China plans €1bn green energy and data centre project in Romania
Chinese industrial conglomerate Sany Group plans to invest more than €1bn in a large-scale hybrid energy and data centre project in western Romania.
UPDATE: Drone strike hits Kuwaiti oil tanker off Dubai coast
Authorities in Dubai announced that emergency teams successfully extinguished a fire aboard a Kuwaiti oil tanker.
Singapore’s path towards nuclear energy use
Singapore is taking another step toward the possible deployment of nuclear power, with the National Environment Agency announcing plans to commission three studies focused on nuclear safety standards and environmental safeguards.
Brazil's Petrobras finds new pre-salt oil, also to drill in Equatorial Margin
Petrobras said it has identified a new oil accumulation in the pre-salt of the Campos Basin after drilling an exploratory well in the Alto de Cabo Frio Central block.
Fires reported at pumping stations along UAE’s ADCOP pipeline
Satellite imagery appears to show fires at two pumping stations along the UAE’s Habshan–Fujairah oil pipeline, a key export route designed to bypass the Strait of Hormuz.
Venezuela oil overhaul faces investor scepticism despite US push
US officials say control over Venezuela’s oil revenues will help keep Caracas aligned with global partners until elections are held
China’s electrostate powers its grip on global metals
China’s emergence as a dominant force in industrial metals is increasingly being driven not only by its access to raw materials, but by the scale and structure of its electricity system.
Argentina wins reprieve in $16bn YPF case but legal battle set to run until 2027
A US appeals court has overturned a $16.1bn judgment against Argentina over the 2012 nationalisation of energy firm YPF, offering a significant legal respite for the South American country and prompting a strong political response from Milei.
Serbia secures three-month extension of Russian gas deal
Serbia has secured a three-month extension of its gas supply agreement with Russia on favourable terms, President Aleksandar Vucic said on March 30 after a call with Russian President Vladimir Putin.
Namibia accelerates infrastructure build-out to support first oil targets
Namibia is speeding up the development of its port infrastructure, supply chains and regional energy links, which will shape how much value it can retain from production.
Trump allows Russian oil tanker to dock in Cuba but warns island is "next" after Iran
The United States has allowed a Russian government-owned oil tanker to break its own blockade of Cuba, delivering the fuel-starved island its first significant energy shipment in three months.
Iran’s shadow fleet and shadow banks keeps the money pouring in
Iran has doubled its oil exports since the start of Operation Epic Fury, sustaining flows of between 2.4mn and 2.8mn barrels per day (b/d), including 1.5mn to 1.8mn b/d of crude. It has also doubled the amount of money it’s earning.
Iran could earn $60bn a year from Strait of Hormuz tariffs, economist says
An Iranian economist says controlling the Strait of Hormuz could generate $60bn a year in transit tariffs for Tehran.
US cuts Nigerian crude imports by 47% in January as Angola, Ghana gain share
US imports of Nigerian crude oil fell 47% m/m to 1.664mn barrels in January 2026, as Angola and Ghana increased shipments and Nigeria’s share of the US crude market dropped to 0.88%.
EV sales overtake petrol vehicles in EU for first time
Sales of EVs overtook standard petrol cars in the EU for the first time in December 2025, marking a milestone in the bloc’s transition to cleaner transport and reducing its reliance on oil imports.
Ghana’s ZEN Petroleum targets $58.6mn IPO in major local market test
Through its core subsidiary, ZEN Petroleum Limited, the group ranks among Ghana’s top four oil marketing companies with an estimated 6% market share.
Venture Global reaches settlement with Edison over Calcasieu Pass cargo deliveries
US LNG giant Venture Global has come to a settlement agreement with Italy’s Edison of the pending arbitration case concerning Venture Global’s failure to deliver cargoes from its Calcasieu Pass plant.
Egypt turns to Libya for oil imports as Hormuz disruption halts Kuwaiti supply
Egypt plans to import at least 1mn barrels of crude oil per month from Libya to offset a halt in Kuwaiti supplies caused by the effective closure of the Strait of Hormuz
Houthi strike puts Red Sea shipping on alert as Hormuz remains shut
Yemen’s Houthi strike on Israel has renewed fears that Bab el-Mandeb could join Hormuz as a critical choke point for global shipping and energy flows
Dubai underwater following torrential rains
Dubai was underwater after torrential rain overwhelmed the sewage system and left roads under water and street level shops swimming in water on March 28.
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