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Indonesia moves to open battery precursor plant at Setangga SEZ
Indonesia has taken another step in its mineral downstreaming agenda with the inauguration of a battery precursor materials facility operated by PT Anugerah Barokah Energi Baru at the Setangga Special Economic Zone in Tanah Bumbu
Bulgaria takes 10% stake in Black Sea oil and gas exploration consortium
"The cheapest gas is our gas," energy minister says as Bulgaria acquires a 10% stake in the consortium exploring for oil and natural gas in the Han Asparuh offshore block.
MOL shares hit seven-year high after Russia agrees to sell NIS stake
Shares of Hungarian oil and gas company MOL surged to their highest level since 2007 after Russia agreed to sell its majority stake in Serbia’s NIS to MOL.
Egypt clears $5bn in oil partner arrears since June 2024, says PM
The Egyptian government has paid about $5bn in outstanding dues to foreign partners in its oil and gas sector since June 2024 under a previously announced repayment schedule
Mexican billionaire Slim consolidates Gulf of Mexico oil assets in $600mn Lukoil deal
Mexican billionaire Carlos Slim's Grupo Carso will acquire complete ownership of two Gulf of Mexico oil fields after agreeing to purchase Russian company Lukoil's remaining stake in a transaction valued at $600mn.
UK launches GBP15bn Warm Homes Plan to cut energy bills across Britain
Britain unveils £15bn Warm Homes Plan to upgrade five million homes with solar panels and heat pumps, aiming to lift one million families out of fuel poverty by 2030 whilst creating 180,000 green jobs.
Europe’s last wild rivers shrinking fast as Balkans lose 2,500 km of pristine waterways
Wild rivers in the Balkans are being steadily eroded by hydropower and infrastructure development finds new study commissioned by Riverwatch and EuroNatur.
Eni-led consortium spuds Libya’s first deepwater exploration well
Libya’s National Oil Corporation (NOC) and international partners have started drilling the country’s first deepwater exploration well in the Gulf of Sirte.
Kazakhstan’s “de facto” uranium nationalisation looks like “spectacular own goal”, says investor
Canadian exploration company Laramide pulls out of project, arguing economic case for FDI no longer exists.
Shell and Mitsubishi considering selling stakes in LNG Canada
Shell and Japan’s Mitsubishi are exploring options to unload parts of their stakes in LNG Canada.
Canada’s Woodfibre LNG receives two new modules
Woodfibre LNG has reached another key milestone with the arrival of two modules in Squamish, British Columbia.
Hanwha signs MOU to support Newfoundland LNG project
South Korea’s Hanwha Group has inked a Memorandum of Understanding with Canada’s Fermeuse Energy to jointly advance the Newfoundland and Labrador LNG project.
SHI launches hull for Eni’s Coral North FLNG project in Mozambique
Italian integrated energy group Eni and its partners on January 16 announced the launch of its Coral North floating LNG (FLNG) hull at the Samsung Heavy Industries’ Geoje Island shipyard in South Korea.
Equinor’s eastern ambitions: navigating opportunity and adversity in South Korea
In late 2025 and early 2026, local media reported that Equinor missed a key deadline to finalise an agreement necessary for state backing of the Firefly/Bandibuli project.
Gazprom Neft agrees to sell stake in Serbia’s NIS to Hungary’s MOL
Russia’s Gazprom Neft has reached a provisional agreement to sell its majority stake in Serbia’s oil company NIS to Hungary’s MOL, in a deal that would require approval from the US Treasury as the firm seeks to escape US sanctions.
Conoco's long shadow in Venezuela
ConocoPhillips is weighing calls from US President Donald Trump for American oil producers to commit large-scale investment to Venezuela, a country where the company has a long record of political risk, financial disputes and personal danger.
Kenya seeks $824mn from pipeline company privatisation as debt pressures mount
Nairobi has launched the KPC privatisation targeting $824mn from an IPO that values the fuel transporter at about $1.27bn, amid a push for new funding for infrastructure amid rising debt-servicing costs.
IntelliNews Lambda: Europe’s deep freeze begins to bite as gas storage dips below seasonal trend
A deepening cold snap across Europe has begun to dent the continent’s gas reserves, with storage levels falling more sharply in recent days and, for the first time this winter, deviating measurably from the seasonal norm.
Fico visits Trump in Mar-a-Lago, Slovakia signs nuclear deal with US
Fico's government is pursuing close cooperation with the US on a new reactor at the site of the existing Jaslovské Bohunice nuclear power plant.
Iraq kicks off drilling at Akkas following contract overhaul
Iraq has commenced well-drilling operations at the Akkas gas field in Anbar Governorate
Serbia’s NIS restarts Pancevo refinery after US sanctions waiver
Serbia’s majority Russian-owned oil company NIS has restarted oil processing at its Pancevo refinery on January 18 after securing a temporary waiver from US sanctions.
Egyptian Kemet signs $500mn deal with China’s Suzhou to build 5GW solar manufacturing complex
Egyptian President El-Sisi directs government to prioritize settlement of foreign oil and gas debts
Egyptian President Abdel Fattah El-Sisi has directed the government to maintain its commitment to settling dues owed to oil and gas companies operating in Egypt
China’s electricity consumption surpasses 10 trillion kWh for the first time, outpacing US and EU combined
China’s annual electricity consumption surpassed 10 trillion kilowatt-hours for the first time in 2025, according to government data released this week, underscoring the country’s accelerating industrial output and surging demand.
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