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US control of Venezuela oil risks debt clash with China

American oversight of Venezuelan petroleum exports has trapped oil cargoes that Beijing was using to service debt, potentially creating a superpower confrontation that could complicate the South American nation's path out of default.

ADNOC leases out Singapore fuel oil storage for first time

The global trading arm of Abu Dhabi National Oil Company (ADNOC) has leased fuel oil storage capacity in Singapore for the first time, in a move aimed at expanding its trading activity and strengthening its presence in Asian markets.

Inpex works on faster development of Indonesia's Abadi LNG project

Japan’s Inpex is working to bring forward the development of its Abadi LNG project in Indonesia after Jakarta asked the company to speed up the long-delayed scheme to help meet rapidly rising domestic gas demand.

Australian, Timor-Leste leaders call for faster development of Greater Sunrise gas field

Australian Prime Minister Anthony Albanese and Timor-Leste Prime Minister Xanana Gusmao said on January 28 they want the long-delayed Greater Sunrise gas project to move ahead as quickly as possible.

Zimbabwean power company Zesa Holdings signs 25-year PPA with IPP Vungu Solar

Zimbabwe’s state-owned power utility has signed a 25-year power purchase agreement (PPA) with Vungu Solar (Pvt) Ltd for a 30-megawatt (MW) power plant to be built in central Zimbabwe.

Venezuela receives additional $200mn from hydrocarbon sales

South Africa’s IDC seeks buyers for 10.2% stake in Namibia’s Rössing Uranium

South Africa’s Industrial Development Corporation has invited expressions of interest to acquire its 10.2% stake in Namibia’s Rössing Uranium mine, one of the world’s longest-running uranium operations.

ExxonMobil targets bringing more CCS projects online in 2026

ExxonMobil has provided an update on its progress in the carbon capture and storage (CCS) space, including milestones reached in 2025, as well as plans for 2026.

TAPI project stretch running from Turkmenistan to Herat, Afghanistan reported as ready for pipe installation

A 91-kilometre (56-mile) stretch of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline route running from Turkmenistan to the oasis city of Herat in northwestern Afghanistan is said to have been prepared for pipe installation.

Hitachi Energy steps up China push as grid demand surges

The expansion forms part of the Swiss-based group’s $9bn global investment programme and will add capacity at several strategic locations, including Xi’an in Shaanxi province, Xiamen in Fujian province and Chongqing.

Kazakhstan requests US approval to purchase Russian Lukoil’s local assets

Kazakhstan has formally approached US regulators to seek approval to purchase Russian oil group Lukoil’s interests in the country’s energy assets, Reuters reported on January 28.

Glenfarne hits more milestones with Alaska LNG

Glenfarne has announced a series of moves related to the proposed Alaska LNG project.

TEPCO vows deep cuts and asset sales in approved turnaround plan

Japan’s government has signed off on a fresh restructuring plan for Tokyo Electric Power Company, backing a sweeping overhaul aimed at restoring the utility’s financial footing while preparing it for a surge in power demand.

South Korean authorities order recall of 55,000 foreign vehicles

Qatar, Saudi Arabia unite to accelerate regional carbon market growth

A transformative collaboration between the Doha-based Global Carbon Council (GCC) and the Riyadh-headquartered Regional Voluntary Carbon Market Company (VCM) is reshaping the Middle East’s environmental finance landscape.

ExxonMobil unit reportedly seeking buyers for certain Eagle Ford assets

ExxonMobil’s shale-focused subsidiary, XTO Energy, is reportedly looking for buyers for some of its assets in Texas’ Eagle Ford play.

Colombia's Ecopetrol, Frontera Add 18MW from Quifa solar project in Colombia

Ecopetrol and Frontera Energy will incorporate 18 megawatts of capacity from the Quifa solar farm in eastern Colombia during the first quarter of 2026, strengthening their self-generation capacity and advancing the country’s energy transition

Japan’s Mitsui exits Oman energy blocks in $148mn divestment

Oman’s terrestrial energy sector is seeing a change in partnership as Japan’s Mitsui & Co. concludes its involvement in three local hydrocarbon concessions.

Energy Development Oman secures $650mn via decade long sukuk

Energy Development Oman, manager of the key Block 6 assets, has secured $650mn through a 10-year sukuk due January 2036. This deal supports its capital strategy, diversifies funding, and covers annual costs while bridging state and energy interests.

Colombia’s TGI Signs Deal With Hocol for LNG regasification plant in La Guajira

Colombia’s Transportadora de Gas Internacional (TGI), a unit of Grupo Energía Bogotá, has signed a connection and access agreement with Hocol, an Ecopetrol subsidiary, to install a liquefied natural gas regasification plant in La Guajira

India and Canada relaunch ministerial energy dialogue

India and Canada have agreed to deepen cooperation across conventional and clean energy sectors, relaunching the India-Canada Ministerial Energy Dialogue on the sidelines of India Energy Week 2026

India to scrap fixed clean energy tender targets amid growing project backlog

India will move away from setting fixed annual targets for clean energy tenders after repeatedly missing auction goals and building up a substantial backlog of projects without confirmed buyers

Turkey matches European average for EV sales as percentage of new car sales

Turkey last year emerged as Europe’s fourth-largest market for electric vehicles (EVs). Nearly 190,000 units were sold, according to an analysis by London-based energy think tank Ember.

Mongolia announces 2026 coal, copper and iron ore production targets

Mongolia plans to produce 90mn tonnes of coal, 1.9mn tonnes of copper concentrate and 9.4mn tonnes of iron ore in 2026, the Ministry of Industry and Mineral Resources (MIMR) has announced.

Tajikistan looks set to withdraw National Bank reserve funds to inject finance into Rogun hydro megaproject

Dushanbe looks set to withdraw funds from the reserve fund of the National Bank of Tajikistan to provide an injection of finance required by its Rogun hydroelectric power megaproject.