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India’s Russian oil imports: a complex picture of contradictory claims

Indian refiners appear set to take in substantial volumes of Russian crude this December, confounding predictions that new Western sanctions would sharply curtail flows.

Snam acquires stake in Italy’s Offshore LNG Toscana from Igneo

Italy’s natural gas grid operator Snam has acquired a 48.2% stake in Offshore LNG Toscana (OLT) from UK-based Igneo Infrastructure Partners.

South African energy trader Etana agrees 20-year offtake for Acciona Energía wind farms

South African energy trader Etana Energy has signed a 20-year corporate offtake to buy all output from two new wind farms developed by Acciona Energía (BME:ANE), supplying major corporate customers

Croatian parliament backs radioactive waste site near Bosnia border

Plans to set up storage site for low- and intermediate-level radioactive waste face strong opposition from Bosnia.

Egypt launches $220mn solar industrial complex in SCzone

Egypt plans to cut fuel imports by 15% in 2026, aims to save $3.24bn

Egypt’s Ministry of Petroleum plans to reduce the country’s monthly fuel imports by 15% in 2026 as part of an effort to curb fuel subsidies and lower the cost of energy imports

Local firm awarded trunk line project for Kuwait Oil Co.

Kuwait's KOC is advancing its long-term strategic plan to maximise recovery and output from the northern oilfields

Iran seizes foreign tanker in Gulf of Oman over alleged fuel smuggling

Iranian judicial authorities said they had impounded a foreign oil tanker in the Gulf of Oman and detained all 18 crew members on charges of “carrying millions of litres of smuggled fuel.”

Qatar’s Al Mana signs $200mn aviation fuel contract for Egyptian SCZone project

Egypt’s Suez Canal Economic Zone (SCZone) is set to sign an agreement with Qatar's prominent and diversified business conglomerate Al Mana Group to launch a new aviation fuel project with an investment of $200mn,

Turkey looks to expand Turkmen gas swap deal

Questions over potential US and EU sanctions cloud efforts.

Erdogan asks Putin for limited shipping ceasefire. Hours later Russia hits three Turkish vessels in Ukraine ports

Attacks amount to rebuff to request made by Turkey’s president in face-to-face meeting with Russian leader.

JNIM resumes fuel-tanker attacks on southern Mali corridor linking Bamako to Côte d’Ivoire

JNIM has resumed attacks on fuel tankers along a corridor linking Mali to Côte d’Ivoire, threatening Bamako’s main fuel supply route, raising risks of shortages and regional spillover along Sahel trade corridors.

Kosmos Energy denies Senegal nationalisation plans for Yakaar-Teranga gas field

Kosmos Energy (NYSE:KOS) has confirmed with the Ministry of Energy, Petroleum and Mining of Senegal that there is no intention to nationalise the Yakaar-Teranga gas field as reported in the media.

South Sudan deploys troops to secure Heglig oilfield under SSPDF-claimed three-way deal

South Sudan has deployed troops to the Heglig oilfield under what its military describes as a three-way arrangement with Sudan’s rival factions, aiming to shield critical infrastructure from the country’s escalating civil war.

Eni, ExxonMobil plan $300mn investments in Egypt’s Nour block, Western Zohr concession

Eni is set to begin drilling a second gas well at the Nour offshore concession in the eastern Mediterranean in February, with an estimated investment of $150mn. ExxonMobil to inject $150mn in investments to drill well in the Western Zohr concession

Nigeria orders NNPCL CEO to attend hearing over irregular payments

Nigeria’s Public Accounts Committee of the House of Representatives has ordered the Nigerian National Petroleum Co. Ltd.’s (NNPCL) CEO Bayo Ojulari to attend a hearing on December 15 over audit queries raised in 2021.

Nigeria’s new Ondo refinery project sees breakthrough following the creation of JV structure

A new project to construct a 500,000 barrels per day (bpd) refinery in Nigeria’s Ondo State has been formalised, with a joint venture (JV) structure established to carry the plans forward.

US seizes tanker carrying Venezuelan oil in unprecedented escalation

The US has seized an oil tanker carrying Venezuelan crude off the country's coast, President Donald Trump announced on December 10, in a move that sent oil prices higher and ratcheted up tensions between Washington and Caracas.

Producers submit $372mn in bids in US Gulf lease sale

The lease sale held in the US Gulf of Mexico this week attracted a total of 219 bids worth a combined $372mn.

Shell reportedly in talks to acquire LLOG in US Gulf expansion

Shell is reported to be in talks to acquire privately held US player LLOG Exploration Offshore

Montenegro adopts key energy and climate reforms to advance EU alignment

Montenegro has adopted two major strategic documents that government officials say are a decisive step forward in aligning the country with EU energy and climate policies.

Egypt approves two major renewable energy projects to boost power grid

The Egyptian cabinet approved a major international partnership to develop a 900 MW wind power project in Ras Shuqair that includes Orascom Construction (OC: EGX), French energy firm Engie (ENGI: EPA), and Japan’s Toyota Tsusho.

Heirs Energies, NNPCL advance gas commercialisation at OML 17 in Nigeria

The Nigerian National Petroleum Company Limited (NNPCL) and Heirs Energies have signed flare-gas commercialisation agreements under the Nigerian Gas Flare Commercialisation Programme (NGFCP) and approved Non-NGFCP frameworks.

Tanzania-US talks advance $42bn LNG, $942mn nickel and $300mn graphite cooperation deals

Tanzania has advanced negotiations with the US on its largest energy and minerals projects, including the $42bn LNG development led by Equinor and Shell.

Senegal approves payment into African Energy Bank as APPO targets $120bn capital build-out

Senegal will pay its AEB contribution in December, strengthening African Petroleum Producers’ Organization and Afreximbank’s $5bn capitalisation drive for the lender, which targets a $120bn scale-up to finance hydrocarbons & renewable projects