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Shell sanctions Kaikias waterflood project in US Gulf

Shell has taken a final investment decision on a waterflood project at its offshore Kaikias field in the US Gulf of Mexico.

Brazil faces oil output decline after 2030 as new field discoveries plummet, gas imports rise

Brazil's oil and gas self-sufficiency faces threats in the coming decade as new field discoveries plummet and domestic production approaches its peak.

UAE’s Amea Power commissions Tunisia’s largest solar plant

Dubai-headquartered renewable energy developer Amea Power has commissioned a 120 MW solar power plant in Tunisia, marking the largest solar project ever brought online in the country and a key milestone in its energy transition

UK removes Egypt’s Zohr gas project from sanctions despite stake held by Russia's Rosneft

UK removes Egypt’s Zohr gas project from scope of its sanctions regime despite Rosneft’s minority stake, citing Treasury decision that highlights a pragmatic carve-out for energy assets critical to regional gas supply and Egypt’s LNG exports.

Libya collects $202.9mn in oil royalties and taxes in November

Libya’s Ministry of Oil and Gas under the Government of National Unity said total royalties and taxes collected from oil and natural gas concession and production-sharing companies reached $202.9mn in November

Egypt approves $4.3mn South Korean grant for green energy infrastructure in Suez Canal

The Egyptian cabinet approved a draft presidential decree endorsing a grant agreement with South Korea to establish green energy infrastructure in the Suez Canal area, with funding of about $4.3mn

Egypt approves $208mmn oil and gas agreements in Western Desert

The Egyptian cabinet has approved a draft law endorsing a concession agreement for the exploration, development and production of oil and gas in the Badr El-Din Integrated Area in the Western Desert

Trump announces total blockade of “sanctioned” Venezuelan oil tankers

US President Donald Trump has ordered a complete blockade of sanctioned oil vessels entering and leaving Venezuela, dramatically escalating Washington's military pressure campaign against the Maduro regime.

CNR adopts Pisys simulator for FPSO operator training at Baobab field offshore Ivory Coast

Oil and gas producer Canadian Natural Resources has selected the Pisys simulator for the training of process operators at the Baobab Floating Production Storage and Offloading unit, located off the Ivory Coast.

Transnistria reintroduces state of emergency over gas supply reduction

Leadership of unrecognised republic will restrict gas consumption for industrial users while prioritising households.

$700bn price tag for Vietnam’s net-zero pledge

Vietnam will need an estimated $670–700bn in long-term funding to achieve green growth and reach net-zero emissions by 2050.

EBRD lends €200mn to Egypt to strengthen power grid and green energy shift

The European Bank for Reconstruction and Development (EBRD) has approved €200mn in financing for the Egyptian Electricity Transmission Company (EETC) to support Egypt’s transition toward renewable energy and enhance stability of its power grid.

Egypt expects $16.7bn in oil and gas investments over five years, says minister

International energy majors are currently planning to invest around $16.7bn in Egypt’s oil and gas sector over the next five years

India’s Russian oil imports: a complex picture of contradictory claims

Indian refiners appear set to take in substantial volumes of Russian crude this December, confounding predictions that new Western sanctions would sharply curtail flows.

Snam acquires stake in Italy’s Offshore LNG Toscana from Igneo

Italy’s natural gas grid operator Snam has acquired a 48.2% stake in Offshore LNG Toscana (OLT) from UK-based Igneo Infrastructure Partners.

South African energy trader Etana agrees 20-year offtake for Acciona Energía wind farms

South African energy trader Etana Energy has signed a 20-year corporate offtake to buy all output from two new wind farms developed by Acciona Energía (BME:ANE), supplying major corporate customers

Croatian parliament backs radioactive waste site near Bosnia border

Plans to set up storage site for low- and intermediate-level radioactive waste face strong opposition from Bosnia.

Egypt launches $220mn solar industrial complex in SCzone

Egypt plans to cut fuel imports by 15% in 2026, aims to save $3.24bn

Egypt’s Ministry of Petroleum plans to reduce the country’s monthly fuel imports by 15% in 2026 as part of an effort to curb fuel subsidies and lower the cost of energy imports

Local firm awarded trunk line project for Kuwait Oil Co.

Kuwait's KOC is advancing its long-term strategic plan to maximise recovery and output from the northern oilfields

Iran seizes foreign tanker in Gulf of Oman over alleged fuel smuggling

Iranian judicial authorities said they had impounded a foreign oil tanker in the Gulf of Oman and detained all 18 crew members on charges of “carrying millions of litres of smuggled fuel.”

Qatar’s Al Mana signs $200mn aviation fuel contract for Egyptian SCZone project

Egypt’s Suez Canal Economic Zone (SCZone) is set to sign an agreement with Qatar's prominent and diversified business conglomerate Al Mana Group to launch a new aviation fuel project with an investment of $200mn,

Turkey looks to expand Turkmen gas swap deal

Questions over potential US and EU sanctions cloud efforts.

Erdogan asks Putin for limited shipping ceasefire. Hours later Russia hits three Turkish vessels in Ukraine ports

Attacks amount to rebuff to request made by Turkey’s president in face-to-face meeting with Russian leader.

JNIM resumes fuel-tanker attacks on southern Mali corridor linking Bamako to Côte d’Ivoire

JNIM has resumed attacks on fuel tankers along a corridor linking Mali to Côte d’Ivoire, threatening Bamako’s main fuel supply route, raising risks of shortages and regional spillover along Sahel trade corridors.