Latest Stories
Fuel shortages and plant failures leave two-thirds of Cuba in the dark
Cuba's electricity deficit reached a critical 67% during peak hours on December 9, leaving two-thirds of the island without power as fuel shortages and ageing infrastructure pushed the National Energy System to breaking point
Bashkortostan to retain buyback option on stake in Russian oil major Bashneft
The government of the Bashkortostan Republic could retain a buyback option on 6.3% stake in Rosneft-controlled regional oil major Bashneft
€100mn battery park completed, second facility underway in Estonia
http://newsbase.com/
US bank Xtellus Partners gets ahead in bid for Lukoil assets
Cashless deal and asset swap proposed by US bank Xtellus Partners is reportedly favoured by sanctioned Russian oil major Lukoil, according to Reuters
Serbia cannot nationalise NIS without Russia’s consent, Lavrov says
Serbia cannot nationalise its sanctioned oil company, Naftna Industrija Srbije (NIS), without Russia’s consent, Russian Foreign Minister Sergei Lavrov said on December 11.
Zimbabwe to launch construction of a 600MW floating solar farm in June 2026 quarter
Zimbabwe to begin building a 600MW solar power plant next year on a lake that forms part of its border with Zambia.
Croatia’s Dalekovod wins €19.7mn contract to build North Macedonia-Albania power link
South Sudan deploys troops to secure Heglig oilfield under SSPDF-claimed three-way deal
South Sudan has deployed troops to the Heglig oilfield under what its military describes as a three-way arrangement with Sudan’s rival factions, aiming to shield critical infrastructure from the country’s escalating civil war.
Chinese investors keen to partner with Saudi petchem companies
Chinese investors involved in petrochemicals, plastics, and printing are looking for partnership opportunities with Saudi companies, with more than 150 expressing interest in increasing investment and localising specialised industries.
Nigeria launches gas trading licence and clearing house to reshape Africa’s energy market
Nigeria’s petroleum regulator has introduced a gas trading licence and a centralised clearing house intended to formalise transactions and improve transparency across Africa’s gas sector
Eni, ExxonMobil plan $300mn investments in Egypt’s Nour block, Western Zohr concession
Eni is set to begin drilling a second gas well at the Nour offshore concession in the eastern Mediterranean in February, with an estimated investment of $150mn. ExxonMobil to inject $150mn in investments to drill well in the Western Zohr concession
Nigeria orders NNPCL CEO to attend hearing over irregular payments
Nigeria’s Public Accounts Committee of the House of Representatives has ordered the Nigerian National Petroleum Co. Ltd.’s (NNPCL) CEO Bayo Ojulari to attend a hearing on December 15 over audit queries raised in 2021.
Nigeria’s new Ondo refinery project sees breakthrough following the creation of JV structure
A new project to construct a 500,000 barrels per day (bpd) refinery in Nigeria’s Ondo State has been formalised, with a joint venture (JV) structure established to carry the plans forward.
Angola launches Africa’s largest off-grid solar-plus-storage system
Angola has activated a 25.4 MW solar power plant with 75.26 MWh of battery storage in Cazombo, marking Africa’s largest off-grid renewable energy project
Tata commissions HV transmission link in India
Tata Power has commissioned a key high-voltage transmission link in northern India, marking a further step in efforts to strengthen the region’s grid and improve the flow of clean energy.
CREC confirms debt-package on Luzon solar development
Citicore Renewable Energy Corporation has secured a near-PHP4bn ($68mn) debt package to advance one of its largest solar developments in northern Luzon.
US seizes tanker carrying Venezuelan oil in unprecedented escalation
The US has seized an oil tanker carrying Venezuelan crude off the country's coast, President Donald Trump announced on December 10, in a move that sent oil prices higher and ratcheted up tensions between Washington and Caracas.
Colombia's gas reserves fall to 5.9-year low as Canacol seeks insolvency protection
Colombia's proven natural gas reserves declined to 5.9 years of consumption in 2024, the lowest level in two decades, whilst second-largest producer Canacol Energy's insolvency crisis threatens 10.2% of national supply
US seizure of tanker carrying Venezuelan crude escalates standoff with Maduro
The United States seized an oil tanker off Venezuela in international waters, President Donald Trump told media on December 10, describing the vessel as “a big tanker, a very big one—the biggest ever seized, in fact.”
Venezuela to donate first gas shipment to Colombia, says Maduro
Venezuela will deliver its first shipment of gas to Colombia as a donation aimed at supporting border communities, President Nicolás Maduro announced
Qatari Kahramaa unveils its first BeSolar customer
Fluor, JGC complete LNG Canada Train 2
Fluor and JGC have completed Train 2 at the LNG Canada project and handed it over to the LNG Canada consortium
Follow us online