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Brazil’s Petrobras mulls return to Nigeria, contradictions on investment plans pile up
Brazil’s national oil company Petrobras is pursuing a return to Nigeria's oil sector, targeting frontier deep-water acreage as the two countries prepare for their strategic dialogue in June, according to Nigerian officials.
Shell reportedly delays start-up of two additional Perdido wells
Shell has delayed the start-up of two out of three additional wells designed to boost production from its Perdido development in the deepwater US Gulf of Mexico.
EBRD2025: What’s next for the Baltic energy sector after disconnecting from Russia?
Representatives of the energy sectors in Estonia, Latvia and Lithuania outlined their plans for the coming years at the EBRD annual meeting in London.
NNPCL must transfer revenue gains from subsidy to government accounts, says World Bank
The Nigerian National Petroleum Co. Ltd has only been sending 50% of profits gained from the removal of petrol subsidies to the federation account, according to the World Bank.
Eurasia a significant source of methane emissions – report
Russia and Turkmenistan are primary offenders.
Nigerian Navy recovers 8,660 litres of crude from six illegal refineries
The Nigeria Navy revealed this week that it had destroyed six illegal refineries and recovered around 8,660 litres of stolen crude and 1,005 litres of petrol total in the Obodo Omadina community, Warri.
Egypt announces discovery of three gas deposits in Western Desert and Gulf of Suez
Egypt has announced the discovery of three new oil and gas deposits in the Western Desert and the Gulf of Suez and unveiled a $10mn plan to boost production, including installing a 23-kilometre pipeline and drilling additional wells.
Norway dumps Mexico's Pemex over decades of corruption scandals
Pemex faces international scrutiny after Norway’s Government Pension Fund Global sold its fixed-income investments, citing unresolved corruption risks spanning nearly two decades.
Norway dumps Mexico's Pemex over decades of corruption scandals
Pemex faces international scrutiny after Norway’s Government Pension Fund Global sold its fixed-income investments, citing unresolved corruption risks spanning nearly two decades.
AfDB commits $29.4mn to 62 MW solar power project in Togo
The African Development Bank (AfDB) has committed €26.5mn in financing for a 62 MW solar power plant in Togo, to be developed by French state-owned utility Électricité de France.
African energy ministers convene to explore financing strategies at Invest in African Energy 2025 forum
African energy ministers are meeting at the Invest in African Energy (IAE) 2025 conference focused on unlocking finance for energy projects across the continent.
Russia eyes deeper coal partnership with India amid long-term supply plans
Russia’s coal reserves are sufficient to meet domestic demand for over 500 years, and the country sees significant scope for deepening cooperation with India in the coal sector.
COMMENT: Taiwan is playing with darkness by abandoning nuclear power
Japan has restarted many of its nuclear reactors, recognising their role in energy security and climate targets. South Korea has also reinstated nuclear as a core component of its energy strategy. Taiwan, by contrast, is marching backwards.
Ukraine pledges $48mn in annual payments to joint subsoil fund with US
The Ukrainian government plans to allocate up to UAH2bn ($48mn) annually to a future US-Ukrainian subsoil fund.
Russia sees sharp fall in oil reserves replacement
The growth in Russia's oil reserves, including gas condensate, dropped by 9% in 2024 to 516mn tonnes, matching the country's oil production for the year.
Egypt eyes long-term contracts for Qatari natural gas supply
Egypt and Qatar are planning to sign long-term contracts for the supply of Qatari natural gas to meet Egypt’s domestic energy needs.
EU Commissioner asks Czechs to wait to sign Dukovany nuclear contract
Czech media speculated that the European Commission could take action over the Dukovany nuclear tender, including a possible review of the selection of KHNP.
Japan’s Eneos pivots investment from hydrogen to LNG
Japanese energy company Eneos Holdings will shift investment from hydrogen to LNG and sustainable aviation fuel.
US investment firm eyes stake in Russian gas pipeline to EU via Bulgaria
Elliott Investment Management, one of the most influential US investment firms, is in early-stage talks to acquire a stake in a package of infrastructure assets, including part of the pipeline transporting Russian natural gas to the EU via Bulgaria.
BLOG: Don't be afraid of the great gas glut
We are on the brink of a serious glut in global LNG supply – some will say. Global gas prices are indeed set to fall and the market loosen over the coming years, thanks mainly to the US and Qatar.
Nigeria’s oil output falls 4.37% in March, widening gap with OPEC quota
Nigeria’s crude oil production declined by 4.37% in March to 1.401mn barrels per day (bpd), further widening the gap between actual output and the country’s OPEC quota, the April OPEC Monthly Oil Market Report (MOMR) has revealed.
Brazil poised to challenge China's rare earth dominance
Brazil could emerge as a major competitor to China in the strategically critical rare earths market amid escalating global trade tensions and surging demand for these essential elements in high-tech manufacturing.
Amid oil price challenges, Aramco announces Q1 results
Aramco has reported a fall in Q1 net income, reflecting the turbulence of global energy markets and softer oil prices
Every $1 drop in oil price could cost Azerbaijan $300mn in exports, $150mn in budget revenue, ING says
Fluctuations in global oil prices remain a critical vulnerability for Azerbaijan’s economy.
Tensions, trade, and the fuel factor—India’s energy supply amid conflict with Pakistan
As India turns Westward for crude, with one eye on Pakistan’s military actions to the Northwest, the LNG picture is less optimistic. The ongoing strain with Pakistan threatens to compromise pipeline logistics and maritime routes of the fuel.
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