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IEA offers five pillars for action at the COP28 climate summit

Renewable energy should be tripled globally by 2030. That is the first of five pillars of action from the International Energy Agency for the COP28 climate summit starting on November 30 in Dubai.

Jailed oligarch Ihor Kolomoisky loses control of stake in Ukraine’s leading privately owned oil and gas company JKX Oil & Gas Ltd.

JKX Oil & Gas’ subsidiary, Poltava Petroleum Company, is a leading non-state oil and gas producer in Ukraine, holding five production licences and one for geological study, including pilot production.

China dragging its heels on Power of Siberia 2 gas pipeline investment, price deal

China is dragging its heels on committing to investments into the Power of Siberia 2 gas pipeline as it pushes for deeper discounts for Russian gas.

Host UAE planned to use COP28 for oil deals

COP28 host, the United Arab Emirates, has planned to use its status at the UN annual climate conference in Dubai to make new oil and gas deals with as many as 15 member nations, according to leaked briefing documents obtained by the BBC.

Equinor sells Nigeria oil business to Chappal Energies

Norwegian energy group Equinor announced on November 29 it will sell its Nigerian business, including its stake in the Agbami oil field, to Nigerian-owned Chappal Energies for an undisclosed amount.

ING: What companies and investors should know about COP28

COP28 will focus on ramping up efforts and investment in climate mitigation, adaptation and loss and damage control. It's now crucial that companies invest in clean technologies, harness climate finance opportunities and contribute to systems change.

Japan pledges to work with Mozambique towards restarting $20bn LNG project

Mozambique and Japan have committed to collaborate on resuming the development of a LNG project in the north of the African nation halted in 2021 due to security concerns.

CENTRAL ASIA BLOG: Success in delivering Turkmenistan methane crackdown would be big moment for COP28

US and global institutions have been lobbying the “super-emitter” all year long. The moment of truth will arrive at the summit.

Raisi no-show suggests Iran irked by Turkey’s "words not action" posture on Gaza

Turkish companies provide Israel with 40% of its oil and at least 7% of its electricity. Tehran would like to see that stop.

Nigeria-Morocco gas pipeline to begin constitution in 2024, Abuja says

The $25bn Nigeria-Morocco Gas Pipeline (NMGP) will begin construction in 2024, Nigeria's energy minister, Ekperikpe Ekpo, has said.

COP28: Western Balkan countries need better strategies to phase out coal, says CAN Europe

Reliance on outdated and inefficient coal-fired power plants in Bosnia, Kosovo and Serbia complicates the transition to renewable energy.

Uzbekistan’s president launches two energy projects with participation of ACWA Power

LatAmOil: PdVSA signs oil-for-debt agreement with France’s M&P

AfrOil: Environmentalists urge banks not to support Mozambique LNG

AsiaElec: Sri Lanka unveils long-term nuclear power plans

AsianOil: Australia’s energy giant Santos stands up to anti-energy activist law firm

EurOil: CEE Bankwatch slams new wave of Balkan gas projects

FSUOGM: Will Vostok Oil be able to survive under sanctions?

DMEA: Scania partners to launch biodiesel project in Côte d’Ivoire

GLNG: Indian Oil plans to double Ennore LNG terminal capacity amid push for more gas

$20bn Dangote Petroleum Refinery to list on Nigerian Exchange

Speaking to the Financial Times, Dangote revealed that the refinery would be floated on the NGX as a separate company, in what will be a significant development for the Nigerian bourse.

South Africa goes back to Stage 6 power outages

South Africa has returned to higher stages of power outages, or load shedding, with the state-owned power utility Eskom implementing stage 6 of rolling blackouts across the country.

Power cut for half a million people and four die as worst storm in 100 years hits Crimea

Oleg Kryuchkov, an adviser to the peninsula's Russian governor, said 498,000 people in Crimea have been left without electricity due to the extreme weather.

MEOG: Aramco makes gas discoveries

COP28: UAE’s renewables champion Masdar is more bark than bite

As world leaders gather in the the United Arab Emirates (UAE) capital of Dubai for the COP28 energy summit, its national renewables champion Masdar is showcasing its achievements. The only trouble is that the company is not as big as it claims to be.