Latest Stories
Polenergia sees earnings decline in Q1 but eyes solar capacity boost
Adjusted net profit at Warsaw-listed energy group Polenergia dropped to PLN60.5mn (€14.25mn) in the first quarter, marking a decline of PLN81.4mn from a year earlier, the company said in an earnings report on May 22.
Advario, Braskem Idesa open $500mn ethane terminal in Mexico
Advario and Braskem Idesa inaugurated a $500mn ethane import terminal in Coatzacoalcos, Veracruz, completing key infrastructure to secure long-term feedstock supply for Mexico's petrochemical sector.
Renewables could cut Mexico's gas import dependence from US, study shows
Mexico could reduce reliance on imported US natural gas by 20% through renewable energy expansion, achieving Mexican President Claudia Sheinbaum's target of 45% clean electricity generation by 2030
Nigeria's fuel marketers choose Dangote over state-owned refineries
Nigerian fuel traders are currently unable to purchase petrol from two state-run refineries six months after the Nigerian National Petroleum Co. Ltd (NNPCL) announced that they were operational.
Enbridge selling $516mn stake in Westcoast pipeline to indigenous groups
Canada’s Enbridge has struck a deal to sell a 12.5% stake in its Westcoast gas pipeline system to Stonlasec8 Indigenous Alliance, a group representing 36 First Nations in British Columbia, for CAD715mn ($516mn).
Continental files lawsuit against Hess, alleging fraud
Privately owned shale producer Continental Resources has filed a lawsuit alleging that it has been defrauded out of up to $69mn through a series of deals that Hess had made with its subsidiaries.
China’s Guangdong Pearl River strikes LNG deal with ConocoPhillips
China’s Guangdong Pearl River Investment Management Group has signed a 15-year LNG sale and purchase agreement with ConocoPhillips, with supply thought likely to be coming from the US.
Russia to build fuel pipeline in Republic of Congo
Russia’s Cabinet of Ministers has submitted to parliament for ratification a deal with Congo to construct a petroleum products pipeline there aimed at strengthening regional energy infrastructure and facilitating bilateral trade in refined oil.
Egyptian government applies new petroleum profit-sharing agreements
The Egyptian government has approved implementing the R-Factor profit-sharing system in certain petroleum agreements with specific terms for each region.
South Sudan secures $130mn grant to import electricity from Uganda
South Sudan has secured a $130mn grant from the AfDB and EU to import electricity from Uganda, aiming to alleviate its chronic power shortages.
Turkey in talks with Canada’s Candu, other companies for second, third nuclear power plants
Kazakhstan becomes third largest crude supplier to EU
Kazakhstan became the third-largest supplier of crude oil to the EU in 2024, exporting an average of 1.05mn barrels per day.
Kazakhstan's Kashagan oil field output to reach 17.8mn tonnes in 2025
Oil production at Kazakhstan’s Kashagan field in the Caspian Sea is forecast to reach 17.8mn tonnes in 2025.
Ghana’s Wahu Mobility strikes carbon credit deal with Switzerland in global e-mobility push
Colombia's Ecopetrol to purchase renewable portfolio as European giant exits Colombia
Colombia's state oil company Ecopetrol has agreed to acquire a renewable energy portfolio totalling 1.36 gigawatts from Norwegian utility Statkraft European Wind and Solar Holding.
Turkic countries play key role in Hungary’s energy supply, PM says after meeting of OTS in Budapest
US court dismisses $58mn lawsuit by Forstech Technical Nigeria against Shell
The US District Court for the Southern District of New York has dismissed a $58mn lawsuit against the Shell Petroleum Development Company of Nigeria (SPDC).
Record temperatures around the world – Statista
A heat wave is sweeping across South Asia, with temperatures having reached 44°C in India’s Jaipur and 50°C in Pakistan’s Shaheed Benazirabad in April, Statista reports.
Tullow restarts drilling in Ghana’s Jubilee Field in major boost for West African oil sector
Tullow Ghana and its partners have restarted drilling operations in the country’s flagship Jubilee Field, signalling renewed investment and confidence in one of West Africa’s most strategic oil assets.
UAE TAQA subsidiary develops 1.2GW of new renewable energy capacity in Morocco
TAQA Morocco, an Abu Dhabi National Energy Company (TAQA) subsidiary, has partnered with Moroccan energy company Nareva and the Mohammed VI Fund for Investment to develop 1.2 GW of new renewable energy capacity in Morocco.
US shale producers pull back as oil prices languish
US shale producers are talking about scaling back activity, and while this comes as a response to lower oil prices, there is broader speculation about shale peaking
Malaysia eyes 1,000 MW boost from palm oil waste to power low-carbon transition
Malaysia’s palm oil waste sector could generate up to 1,000 megawatts (MW) of renewable energy, offering a major step toward the country’s net-zero emissions goal, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani
Prabowo threatens ouster of oil and gas officials over regulatory bottlenecks
President Prabowo Subianto has delivered a forceful message to Indonesia’s oil and gas regulators, warning that officials who fail to streamline complex rules will be dismissed from their posts
Bumi Armada secures full control of Indonesia’s Kojo block in offshore expansion push
Bumi Armada Bhd has announced that its subsidiary, Armada Kojo BV, has secured a production sharing contract (PSC) with Indonesia’s Ministry of Energy to explore and develop the Kojo block in the Makassar Strait
Follow us online