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TPAO and ExxonMobil sign deal for offshore exploration
Turkiye's TPAO has formalised a strategic partnership with a subsidiary of ExxonMobil for offshore exploration
Commonwealth LNG granted 20-year export authorisation
US LNG developer Commonwealth LNG has been given approval for a 20-year export license for non-free trade agreement countries from the Department of Energy.
Egypt signs $1.8bn renewable energy and battery manufacturing projects
Egypt has signed several agreements and contracts to establish two integrated projects in renewable energy and local manufacturing of its components, with total investments exceeding $1.8bn.
Russia still a top four gas supplier to EU in 2025
Russia remained the fourth-largest supplier of natural gas to the EU in 2025, exporting nearly 38bn cubic metres despite ongoing efforts by the bloc to reduce energy reliance on Moscow following its full-scale invasion of Ukraine.
Uzbek officials adapting quickly to growing water deficit
Solar and wind power generation surging.
Trump invites China and Russia to buy Venezuelan oil under US control
US President Donald Trump has invited China and Russia to purchase Venezuelan crude under Washington's control, defending his administration's extraordinary seizure of the country's oil sales following Nicolas Maduro's ouster.
Massive methane plumes queer Trump’s Venezuelan oil fields revival plans
Massive methane emissions from Venezuela’s decaying oil infrastructure are raising alarms among energy analysts and threatening to derail efforts by the Trump administration to restart heavy crude production.
Ukraine exports over 11mn cubic metres of biomethane to EU in debut year
Ukraine exported more than 11.2mn cubic metres of biomethane to the EU in 2025 in the debut year of the business, UBN reported on January 9.
Oil prices rise for second day on Venezuela, Iran supply concerns
Oil prices climbed for second consecutive day on January 10 with Brent rising 0.71% to $62.43 per barrel on Venezuela and Iran supply concerns, heading for third weekly gain.
Japan fast-tracks green transition with record $780bn fiscal plan
The Japanese administration has formally sanctioned a monumental draft budget of $780bn for the fiscal period commencing April 1 2026.
Shell inks 5-year supply deal with Petrovietnam
The world’s largest LNG trader Shell has signed a five-year LNG supply agreement with Petrovietnam.
EU remains top buyer of Russian Arctic LNG despite 2027 phase-out pledge
Russia’s Yamal LNG project continues to earn billions of euros from the EU, with new data revealing that more than three-quarters of the project’s liquefied natural gas exports in 2025 were delivered to EU terminals.
Western Balkans need to cut Russian energy ties and speed up EU power market integration, Bruegel says
Energy policy has become one of the most strategically important battlegrounds in the EU’s neighbourhood since Russia’s full-scale invasion of Ukraine in 2022.
Croatia adopts bioeconomy strategy to 2035, earmarks €200mn through 2027
Zagreb plans to expand sustainable production and boost value added in sectors ranging from agriculture and forestry to biobased manufacturing.
US to quit 66 international bodies in isolationist blow and climate fight set back
President Donald Trump has intensified his administration’s retreat from global cooperation by withdrawing from 66 international organisations, including several key institutions responsible for coordinating global climate action.
Algeria and Ghana seal R&D MoU in oil and gas sector
Algeria’s state oil company Sonatrach and the Ghana National Petroleum Corporation (GNPC) have signed an MoU to cooperate on research, development and innovation in the oil and gas sector.
Global coal demand to peak by 2024 as clean energy gains momentum, IEA says
Global coal demand is set to decline after reaching an all-time high in 2023, with a structural shift now underway as clean energy technologies begin to outpace fossil fuel consumption, according to a new report by the IEA.
UN forecasts 10% drop in emissions by 2035, but warns progress is dangerously slow
Global greenhouse gas emissions are expected to decline by 10% by 2035 compared to 2019 levels, according to a new United Nations report released on October 28. It's the first time the UN has forecast an absolute reduction in emissions.
Libya expects to resume oil exports from Es Sider port within days
Libya expects to resume oil exports from the Es Sider port within the next few days, after the key terminal remained closed for nearly a year due to protests
Egypt to add 2,500 MW of renewable energy to power grid before summer
The Egyptian government announced plans to add 2,500 MW of new and renewable energy capacity to the national electricity grid before the coming summer.
Harbour to enter US Gulf with LLOG acquisition
Harbour Energy has agreed to acquire LLOG Exploration from LLOG Holdings for $3.2bn, giving it a presence in the US Gulf of Mexico.
COMMENT: US control of Venezuelan oil can earn Indian refineries optimal margins
Reliance's Jamnagar refining complex is a 1.4mn barrel per day facility incorporating proprietary cracking and coking capacity, and was architecturally engineered for Venezuelan heavy-sour crude processing
TechnipFMC wins contract for BP’s Tiber project in US Gulf
TechnipFMC has been awarded an integrated engineering, procurement, construction and installation contract by BP for the offshore Tiber project in the US Gulf of Mexico.
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