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Trump signals Venezuela oil push, but US majors hold back
President Donald Trump hinted weeks ahead of Nicolás Maduro’s capture that sweeping changes were coming to Venezuela
India's Reliance sees no Russian crude arrivals in January
Venezuela explores US crude sales as blockade strains PDVSA
Officials in Caracas and Washington are weighing options to channel Venezuelan crude to US refiners, a move that could ease mounting pressure on state producer PDVSA while reshaping long-standing trade flows dominated by China
Venezuela bonds rally on regime-change bets, Citi says upside remains
Prices rose by more than 2 cents on January 6, building on even stronger gains a day earlier, with the defaulted 2034 notes among the top performers
Venezuela’s opposition energy hub vision falters as US keeps distance
The proposal seeks to reverse years of output decline through sweeping liberalisation, including full access for private capital and the dismantling of PDVSA’s monopoly
Oman hits 9.46% renewable energy grid contribution
The Sultanate of Oman has achieved a pivotal turning point in its transition to sustainable power. Data from the Oman Electricity Transmission Company reveals that renewable sources provided 9.46% of the electricity moved across the nationwide.
Qatar to provide Egypt with LNG shipments for summer 2026
Qatar is set to fortify Egypt’s energy security through the summer of 2026 by delivering up to 24 liquefied natural gas shipments.
TMK records fifth straight month of higher gas production at Mongolia CSG project
TMK Energy (ASX: TMK) on January 5 announced in a stock market filing that in December it achieved a fifth consecutive month of increased gas production at its 100%-owned Gurvantes XXXV Coal Seam Gas (CSG) Project in Mongolia.
Cambodia’s first 900-MW LNG power plant to begin operations by late 2026
Cambodia is set to launch its first LNG power plant in Koh Kong province by the end of 2026, a development expected to bolster electricity supply, enhance energy security, and stabilise the national grid.
Maduro’s ouster in Venezuela raises fears of deeper crisis in Cuba
Cuba confronted deepening economic uncertainty following the US military operation that captured Venezuelan President Nicolás Maduro, threatening to sever vital oil supplies that have sustained the island's struggling economy.
Maduro’s ouster puts Iranian energy claims from Venezuela in doubt
The capture of Venezuelan President Nicolas Maduro by the US has thrown into doubt Iran’s relations with one of its closest allies as well as its ability to recover billions of dollars in outstanding claims linked mainly to energy cooperation.
Iran adds more rigs at South Pars to maximise gas output
Iran’s state-run Pars Oil and Gas Co. (POGC) has doubled the number of drilling rigs operating at its South Pars gas field to 10, a move that has helped push natural gas extraction at the field to a record level, the company’s CEO said.
Repsol lines up $130mn investment at key Peru Amazon gas block
Spain’s Repsol is preparing a fresh upstream investment in Peru aimed at safeguarding long-term natural gas supply from one of the country’s most strategic production areas.
Turkey’s energy minister commends country’s first publicly-owned floating storage and regasification unit
Turkey’s first publicly-owned floating storage and regasification unit (FSRU) has so far provided 9.3bn cubic metres (bcm) of natural gas to the national transmission system, according to Energy and Natural Resources Minister Alparslan Bayraktar.
Rwanda apologises for power outages linked to regional grid faults
Rwanda has apologised for recent power outages, saying faults in cross-border electricity infrastructure tied to regional hydropower projects disrupted supply and prompted efforts to strengthen the country’s national grid.
Oil, gas industry faces "tougher strategic balancing act" in 2026: WoodMac
Wood Mackenzie expects the strategic pressure on companies to intensify in 2026, warning that the industry faces “an even tougher strategic balancing act" in 2026.
Greece's Aphrodite partners approve FEED plan
Partners in the Aphrodite natural gas field offshore Cyprus have approved the start of front-end engineering and design (FEED) work for the project’s production facilities and export infrastructure.
Iran launches domestic solar inverter as renewables, nuclear capacity expansion accelerates
Iran unveiled a domestically produced 250-kilowatt solar inverter and a national testing laboratory aimed at reinforcing the domestic renewable energy supply chain.
Eni presses on with satellite model with refining spin-off
The new company will manage Eni’s traditional refining and storage assets in Europe and the Middle East, while also supporting the group’s longer-term industrial transformation strategy.
Russian gas exports to Europe crash 44% in 2025
Russia’s pipeline gas exports to Europe fell by 44% in 2025 to their lowest level since the mid-1970s, following the closure of the Ukrainian transit route and as the EU moves to phase out fossil fuel imports from Russia.
West Africa-focused Savannah Energy ends buyback deal as Nipco buys 25% stake
Savannah plans to enter a relationship agreement with its largest shareholder, NIPCO Plc, as the Nigerian group ups its stake to 25%, replacing a previously approved share buyback with secondary market acquisitions, formal governance protections.
Canadian group Reconnaissance Energy Africa named 2026 oil, gas pick
Toronto-based Research Capital Corp. has named a local hydrocarbon firm, Reconnaissance Energy Africa (TSXV: RECO, OTCQX: RECAF, Frankfurt: OXD, NSX: REC), as the top oil and gas pick for 2026.
South Africa's power utility Eskom moves to reduce tariff for ferrochrome smelters
South Africa’s energy regulator is considering an application by the national power utility, Eskom, to reduce the electricity tariff for local ferrochrome smelters.
Peru moves to split Petroperú as debt and losses overwhelm state oil firm
Petroperú is no longer confronting a cyclical downturn but a balance-sheet rupture with systemic consequences for Peru’s public finances, energy security and institutional credibility.
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