Latest Stories
Colombia to use first global fossil fuel transition summit to launch permanent platform
Colombia plans to use the world’s first global conference dedicated to moving away from fossil fuels to launch a permanent international platform aimed at accelerating the phase-out of coal, oil and gas
Brazil backs offshore vessels build
Brazil’s government has approved BRL2.3bn ($430mn) in financing to build 6 vessels for offshore oil and gas support operations at a shipyard in Santa Catarina state, the Ministry of Ports and Airports said.
Brazil’s Eneva adds new gas field
Eneva said it has declared the commerciality of the Colinas gas discovery in Brazil’s Parnaíba basin, marking the first such declaration in the country this year, according to information released by the company.
Italy's Eni gets $150mn African Development Bank loan to advance $7bn gas project in Mozambique
The African Development Bank (AfDB) has extended a $150mn senior loan to a consortium led by Italian oil supermajor, Eni (BIT: ENI}, to back the development of a $7bn floating liquefied natural gas (FLNG) project in northern Mozambique.
Engineering company Ucay sells 27% stake via Istanbul IPO for TRY 1bn
Ucay Muhendislik (UCAYM) sold 60mn shares, amounting to a 27% stake, via a Borsa Istanbul initial public offering (IPO), Kuveyt Turk Yatirim Menkul Degerler, which acted as the intermediary in the offering, has informed the market.
Venezuela forecasts 37% revenue increase from US-administered oil sales
Venezuelan interim President Delcy Rodríguez projected government revenue will surge 37% during 2026 following petroleum export agreements brokered after former President Nicolás Maduro's capture by US forces earlier in January.
India's Soleos EPC targets 1GW solar buildout in Zambia by 2030
Indian solar EPC Soleos Energy Limited plans to invest in 1GW of new solar capacity in Zambia by 2030, in partnership with local firm Octane Investment, with a longer-term ambition to build a 5GW renewable portfolio.
Danish fund CIP to invest up to $2bn in Mexican solar projects
Algeria targets bringing 1.48GW of new solar capacity online in 2026
Algeria aims to commission nine solar power plants with a combined capacity of 1.48GW in 2026, led by state utility Sonelgaz, a move that would more than triple domestic installed solar capacity and reduce reliance on gas-fired power generation.
Mexican analysts warn Venezuela oil revival threatens country's energy market position
US controls Venezuelan oil pricing to China after Maduro's removal
The United States is permitting China to purchase Venezuelan petroleum but insists on higher prices than Beijing paid under former president Nicolás Maduro's administration, a US official stated on January 22, the South China Morning Post reported.
Venture Global wins arbitration case against Repsol
Venture Global’s beatdown stock soared 14% after the ruling.
Kazakhstan’s energy ministry launches investigation into fire at Tengiz oilfield power unit
Kazakhstan’s energy ministry said on January 22 that a special commission is examining the causes of an incident on January 18 that led to the shutdown of the giant Tengiz oilfield, one of the world’s largest oil producing assets.
SOCAR secures stake in Côte d’Ivoire’s Baleine field and signs monitoring deal at Davos
Taiwan to mandate solar installations for sizeable new structures
Commencing August 1, newly constructed buildings in Taiwan exceeding 1,000 square metres must feature rooftop solar arrays.
Alarm triggers shutdown at Kashiwazaki-Kariwa reactor
Tokyo Electric Power Co. paused operations at its Kashiwazaki-Kariwa facility on January 22 following a technical warning.
New South Korea grid secures SK Hynix energy
The regional administration of Gyeonggi and the state-operated Korea Electric Power Corporation (Kepco) recently formalised a pact to develop a 27km underground electrical grid.
High financing costs to stall Philippine renewable energy transition
The Philippines is projected to fall short of its clean energy objectives by 2030 due to substantial borrowing costs and infrastructure limitations.
Philippines clean power to surge through 2031
The Philippine energy sector is on the verge of a historic pivot as green power generation is forecasted to more than double over the coming five years.
Shell to lead as primary sponsor for LNG2026 in Qatar
Vitol taps onshore tanks to move Venezuelan crude as exports stall
Vitol Group has lifted its first cargo of Venezuelan oil directly from onshore storage, a step aimed at unclogging logistics and creating room for higher output after exports slumped
India highlights solar leadership as IREDA outlines de-risking model at WEF Davos
India’s experience in scaling solar energy for inclusive and sustainable development was highlighted by Union Minister for New and Renewable Energy Pralhad Joshi during his keynote address at the World Economic Forum (WEF) Davos 2026
Follow us online