Free Top Stories
Kosmos exits Equatorial Guinea with $127mn sale of Ceiba and Okume assets to Panoro
Kosmos Energy (NYSE/LSE: KOS) has completed the sale of its interests in Equatorial Guinea's Ceiba field and Okume Complex to Panoro Energy (OSE: PEN) for $127mn, as it refocuses on core assets in Ghana, Mauritania and Senegal.
ING flags risks to Hormuz reopening as US-Iran MoU starts the clock on talks
ING warns markets are too optimistic on how fast the Strait of Hormuz will reopen under the new US-Iran MoU, with mine clearance and insurance set to slow the return of oil flows for months.
Morocco rejects fuel price cap and Samir Refinery takeover
Morocco’s Upper House has voted down two high-profile legislative proposals, exposing deep political fragmentation over the sensitive issues of retail fuel pricing and the nationalisation of the idled Samir refinery
Libya’s Sirte Oil hits high-yield well at Al-Khair field
Libya’s state-owned National Oil Corporation (NOC) announced that its subsidiary, Sirte Oil Company for Production and Manufacturing of Oil and Gas, has completed a development well at the Al-Khair oilfield
Egypt signs gas expansion deals with Harbour Energy, Eni
Egypt has signed new agreements on June 17 with British firm Harbour Energy (LSE:HBR) and Italy's Eni (BIT:ENI) to raise natural gas production and establish an economic framework to stimulate foreign investment
Sixth Street goes on US shale shopping spree
Sixth Street is continuing its streak of acquisitions centred on US shale plays, buying into Comstock Resources' Pinnacle Gas Services subsidiary for $600mn and reportedly also buying Logos Energy for $1bn.
BP reportedly kicks off process to sell stakes in two US Gulf projects
BP has reportedly started a process to sell stakes in two of its projects in the US Gulf of Mexico, Kaskida and Tiber.
Switzerland to host preliminary Iran-US talks following interim peace deal signing
Switzerland to host Iran-US preliminary talks on June 20, with Pakistan and Qatar as mediators, following the signing in Evian by Trump.
Philippines approves 13 renewable energy projects
The Philippines’ Department of Energy has welcomed the certification of 13 renewable energy projects valued at PHP344.62bn ($5.7bn) under the government’s Green Lane initiative in the first five months of 2026.
Uzbekistan’s growth ambitions collide with shrinking water supplies
Country's plans to expand agricultural production, industrial output and exports are running into an increasingly uncomfortable and stark reality.
Rio Tinto’s giant Mongolia copper mine blocked by protesters, exports halted
Demonstration demands higher percentage of profits go to ordinary Mongolians.
Senegal's powerful ex-PM Ousmane Sonko opens door to IMF debt talks as fiscal crisis deepens
Sonko, now parliamentary speaker, is ready to talk debt restructuring with the IMF, as Senegal seeks to resolve a fiscal crisis owing to $7bn in “hidden debt”, while banking on new oil & gas revenues to boost public finances, support growth.
Three Iranian tankers exit Hormuz blockade in first crude exports in two months
Three tankers carrying Iranian crude oil have sailed through the Strait of Hormuz for the first time since the United States imposed a naval blockade against Iran in mid-April, a vessel tracking website said.
Iran business leaders urge shift from Chinese contracting to investment
Iran's private sector has urged Parliament Speaker Mohammad Bagher Ghalibaf to use his upcoming visit to China to attract more Chinese investment.
World Bank, AfDB joint initiative Mission 300 connects 50mn people amid African electrification drive
Mission 300 has connected more than 50mn people to electricity across 40 African countries since its launch in 2024, marking a key milestone towards its target of reaching 300mn people by 2030.
Oil export price beats Azerbaijan's 2026 budget plan by 22% in Q1
Azerbaijan's crude oil exports fetched an average of $79.5 a barrel in the first quarter of 2026, well above the $65 a barrel assumed in the state budget.
China lives within its means, the resulting fuel demand slump easing pressure on oil markets
Petrol sales at Sinopec, China’s largest refiner and fuel retailer, fell 8% year on year in April, while diesel sales were also down – by 6%.
Deal or no deal? Comparing the Iran MoU to the JCPOA
When the US and the P5+1 concluded the Joint Comprehensive Plan of Action in 2015, the document ran to 159 pages, enshrined in UN Security Council Resolution 2231 with a snapback mechanism.
Libya's NOC signs production-sharing deals with energy majors
Libya's National Oil Corporation (NOC) has signed production-sharing agreements with several leading international companies following the country's first licensing round in nearly 20 years
World Bank cuts Latin America growth outlook as Middle East oil shock takes toll
The World Bank has trimmed its growth forecasts for Latin America and the Caribbean for both 2026 and 2027, blaming the inflationary and monetary fallout from the Middle East conflict.
Brazil’s Petrobras secures PSCs for eight exploration blocks offshore Côte d'Ivoire
Brazilian oil major Petrobras is expanding its presence in West Africa after moving ahead with production sharing contracts for eight offshore exploration blocks in Ivory Coast.
Asia welcomes Iran-US breakthrough, but caution remains
The tentative peace agreement between the United States and Iran has been greeted with a mixture of relief and caution across much of East and Southeast Asia, a region that has borne more than its fair share of the economic fallout of late.
China issues $50bn warning to Indonesia, slamming nickel production cuts
China has issued a multi-billion-dollar warning to the Indonesian government amidst the economic escalation across the global electric vehicle supply chain
Vietnam expands wind power ambitions for 2030
Vietnam is betting on wind power to fuel its green transition amid the energy uncertainty, while fuel price is changeable.
Follow us online