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Colombia's Ecopetrol expands gas imports amid domestic shortfall
Colombia's state-controlled oil company, Ecopetrol, is accelerating plans to import gas as the Latin American country faces declining reserves and rising domestic shortages.
Consortium to construct $7bn petchem complex in Egypt
UK-based wealth and asset manager Shard Capital Partners revealed on February 21 that a proposed $7bn petrochemical complex in Egypt’s New Alamein City was expected to produce 3.1mn tonnes per year of eight specialised products.
Trump axes Venezuela oil licences in blow to Chevron
US President Donald Trump has announced the revocation of licences granted by the Biden administration that allowed US oil companies to operate in Venezuela despite crippling sanctions on the country, a move that particularly affects Chevron.
Russia and China remain rivals in the Arctic, and now the US is knocking at the door
Russia and China’s “no limits” partnership has strengthened considerably over the past three years. They have been driven together by the geopolitical clash between East and West. But there is one place they remain rivals: the Arctic.
Almost 18,000 species are engangered by Climate Crisis – Statista
In 2024, the number of threatened species identified by the International Union for Conservation of Nature and Natural Resources stood at almost 18,000.
Iran to continue ‘maximum patience’ approach, holding out hope for fair US negotiations
Kamal Kharrazi, head of Iran's Strategic Council on Foreign Relations, says conditions are not currently suitable for negotiations with the US.
Oil and gas explorer Custos Energy announces discoveries at Mopane-3X in PEL 83 offshore Namibia
Namibian independent oil and gas explorer Custos Energy has released an update on the second exploration and appraisal campaign on blocks 2813A and 2814B located in Namibia’s highly prospective Orange Basin.
Namibia's Langer Heinrich Mine produced 1.3mn pounds of uranium in second half of 2024
KSE: Most of Russia’s shadow fleet operates outside Western insurance system
Tankers carrying Russian oil are significantly less likely to have IG P&I insurance, finds a new KSE Institute report.
Forest fires drive up Ukraine war emissions
The war in Ukraine has generated nearly 230mn tonnes of CO2-equivalent emissions since Russia's full-scale invasion began three years ago, with forest fires significantly contributing to the increase, according to a new analysis.
ExxonMobil to invest $200mn in offshore Australian gas project
ExxonMobil subsidiary Esso Australia Resources plans to invest nearly $200mn in the offshore Kipper 1B project to boost gas production from the Gippsland Basin in Australia.
SolarAfrica reaches financial close on first 114 MW of utility-scale solar PV project in South Africa
South African independent power producer (IPP) SolarAfrica has advanced the development of its flagship ZAR1.8bn ($97.7mn) utility-scale solar project, SunCentral, in the Northern Cape province of South Africa.
Trump rescinds Rice’s Whale restrictions in Gulf of Mexico
The pro-fossil fuel Trump administration has rescinded the controversial Rice's Whale restrictions placed on oil and gas operations in the Gulf of Mexico.
China’s stare-down of Trump’s energy tariffs will not end well – for the US
In a swift response to President Donald Trump's imposition of a 10% tariff on Chinese imports, Beijing has retaliated by levying tariffs on US energy exports. The Chinese government announced a 15% tariff on US coal and LNG, alongside 10% on crude.
Shipping companies fight against biofuel regulations
Offshore Energy reported this week that numerous shipping companies had called on the International Maritime Organization to remove “unsustainable” biofuels from its list of alternative fuel sources.
Global LNG demand to surge 60% by 2040 on Asian economic growth
Global demand for LNG is expected to rise by around 60% by 2040, driven by economic growth in Asia, emissions reductions in heavy industry and transport and the increasing energy requirements of AI.
EnergyPathways reports further progress on MESH gas, hydrogen storage project
London-listed EnergyPathways reported on February 24 another step forward in its plans to establish an integrated natural gas and hydrogen storage project in the UK’s East Irish Sea.
Turkey’s Kazancı plans to invest €1bn in North Macedonia's energy sector
North Macedonia's Prime Minister Hristijan Mickoski says Kazancı's investment will strengthen energy independence and tackle air pollution.
Saudi philanthropic foundation launches AI platform to track global climate change
Alwaleed Philanthropies has unveiled Atlai 2.0, an advanced AI-powered platform designed to transform climate change monitoring.
Is Iran being offered as a bargaining chip in Russia-US negotiations?
Russian Foreign Minister Sergei Lavrov conducted a swift but significant six-hour visit to Tehran on February 25, meeting with Iranian Foreign Minister Abbas Araghchi and President Masoud Pezeshkian.
Rosneft overtakes ExxonMobil to take fourth slot in global energy ranking
Russia’s biggest state-owned oil major Rosneft has overtaken ExxonMobil to take the fourth slot in the Energy Intelligence Top 100: Global NOC and IOC Rankings.
INTERVIEW: Integrating AI with data and experience
AI is rapidly gaining traction in the oil, gas, and renewable energy sectors, as companies seek cost reductions, emissions control and safety improvements.
Cheniere eyes expansion of LNG exports
The US’s largest LNG exporter Cheniere Energy is targeting a major ramp-up of LNG exports amid the improved business climate for the sector under the new Presidency of Donald Trump.
EU expands oil and gas sanctions in 16th package
The EU has imposed additional measures against Russia’s oil and gas industry as part of its 16th sanctions package, while stopping short of any further restrictions on the bloc’s purchase of Russian LNG.
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