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South Sudan officials diverted $2.2bn from Oil for Roads scheme, UN report finds, citing “systemic” corruption
A UN inquiry on South Sudan finds systemic corruption and fiscal mismanagement – and falling oil output – are driving hunger, economic collapse, and a worsening human rights crisis.
EU passes nineteenth sanctions package, accelerates LNG phase out
The European Commission has published proposals for a 19th sanctions package against Russia that would tighten curbs on energy trade and payments, with new measures aimed at oil refineries, oil traders and petrochemical companies in third countries.
China’s COP30 climate pledge will shape global emissions story - CREA
The COP30 summit in Belém, Brazil, kicks off on November 10 and will be very closely watched as one of the last opportunities to avert the very worst of the Climate catastrophe. And China's speech will be watched most closely of all.
Europe’s summer heatwaves killed more than 16,000 people
The heatwaves that swept the Continent were responsible for more than two-thirds of the 24,400 heat-related deaths estimated in Europe this summer, or 16,266 people, according to a new study conducted by scientists at Imperial College London.
L&T secures order for Kudankulam nuclear project expansion in India's Tamil Nadu
Indian engineering giant Larsen & Toubro has secured a major order valued at up to $285mn from the state-owned Nuclear Power Corporation of India Ltd for works at the Kudankulam nuclear power plant in Tamil Nadu
India sees drop in CO2 emissions as renewables accelerate
India’s power sector has recorded an unusual dip in carbon dioxide output, with emissions falling by 1% in the first half of 2025 compared with a year earlier.
Nigeria’s EFCC orders ex-NNPCL CEO to report to HQ daily as investigation continues
Nigeria’s Economic and Financial Crimes Commission (EFCC) has ordered the former CEO of the Nigerian National Petroleum Co. Ltd. (NNPCL) to make daily reports to its headquarters in Abuja in preparation for charges to be made in court.
Mali blockade deepens as jihadists choke vital trade routes
Mali’s junta has sought to reassure citizens after Islamist militants tightened a blockade on highways feeding the capital, torching lorries and kidnapping foreign drivers in a campaign analysts warn could strangle the economy.
Canada’s MEG urges shareholders to reject Strathcona’s revised bid
MEG Energy's board of directors had reaffirmed its “unanimous” recommendation that shareholders approve a proposed takeover by Cenovus Energy, rejecting a revised offer by Strathcona Resources.
Russia to build large-scale high-speed train network
When Russian prime minister Mikhail Mishustin announced that Vladimir Putin had approved more than 4,500km of new high-speed rail, the tone was businesslike, almost perfunctory, but the project could be a game-changer.
Canada’s Ksi Lisims LNG obtains regulatory approvals
The proposed Ksi Lisims LNG project in British Columbia has received two separate regulatory approvals.
Nigeria clears $18.2bn in oil and gas field development plans to lift output
The $18.2bn worth of approvals mark among the largest investment commitments in Nigeria's O&G sector since the 2021 Petroleum Industry Act (PIA) was adopted, underpinning the target to raise crude capacity above 3mn bpd.
Europe remains Russia's number one biggest importer of gas, top five importer of oil in August
US President Donald Trump complained that the EU is still importing too much Russian oil and that the White House will not put sanctions on Russia unless the EU cuts back on this business.
Mexico launches $5.9bn euro bond and dollar offerings to support Pemex restructuring
Mexico accessed international debt markets twice this week, issuing €5bn ($5.88bn) in euro-denominated bonds and launching US dollar-denominated notes to fund state oil company Pemex's debt reduction programme.
Saudi Arabia launches floating storage unit for marine fuel at Jeddah Islamic Port
Saudi Arabia has invested significantly in its maritime sector with the launch of a new floating storage unit for marine fuel at Jeddah Islamic Port.
Renewables sector warns Croatia risks losing billions in investments
Industry associations say that without rapid intervention, Croatia risks increasing fossil fuel imports, losing market confidence and undermining climate and energy objectives.
Russia to double its nuclear power plant fleet with 38 new reactors
Russia has announced an ambitious programme to double its nuclear power plant fleet with 38 new reactors, according to the state-owned nuclear power agency Rosatom.
Kenya, South Korea sign MoU on nuclear research reactor project at IAEA conference in Vienna
Kenya and South Korea have agreed to deepen cooperation on nuclear R&D, signing a MoU focused on the Kenya Nuclear Research Reactor (KNRR) project this week at the 69th IAEA General Conference in Vienna.
South Africa grants long-term lease extensions to oil majors, energy traders at Durban’s strategic fuel hub
South Africa has granted long-term lease extensions to international oil majors and trading houses, including BP and Vitol, at the Island View Precinct, the country’s most important fuel import and storage hub in Durban.
South Africa’s Constitutional Court to rule on Shell’s Wild Coast oil exploration rights
Lawyers representing South African coastal communities and environmental groups are challenging a Supreme Court of Appeal order allowing energy supermajor Shell to apply for a renewal of oil exploration rights.
Vietnam and Singapore strike deal on carbon markets
The deal, concluded virtually on September 16 falls under Article 6 of the Paris Agreement, which allows countries to cooperate on reducing greenhouse gas emissions through cross-border carbon credit schemes.
India reveals plans for indigenous solar production by 2028
India has set its sights on building a fully indigenous solar value chain, with the goal of achieving domestic solar cell manufacturing by 2028.
Fuel prices in Kyrgyzstan rocket as Ukraine steps up drone strikes on Russian refineries
Central Asian country relies on Russia for nine-tenths of its fuel.
Nigerian president advances oil bill placing NNPCL under control of Finance Ministry, upstream regulator
President Bola Tinubu has endorsed a bill that would undermine the "independence" of NNPCL, shifting ownership to the Finance Ministry and handing new powers to upstream regulator NUPRC.
Busan leads South Korea’s green developments and GHG cuts from the front
Busan, South Korea’s second largest city with around 3.5mn residents, hosted the World Climate Industry Expo and Korea Energy Show 2025.
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