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Chevron and NNPCL target 146,000 bpd from Nigerian offshore discovery

Chevron Nigeria and Nigerian National Petroleum Company Ltd (NNPCL) plan to increase crude oil output by up to 146,000 barrels per day following the successful completion of the Awodi-07 well.

Africa REN launches West Africa’s first large-scale solar-battery facility in Senegal

Independent power producer Africa REN has launched what it says is West Africa’s first utility-scale solar-plus-battery energy storage facility in Senegal, combining a 16-MWp solar park with a 10-MW/20-MWh battery system

Chevron nears deal to divest Singapore assets

Chevron is aiming to finalise the sale of its oil refining, storage, and retail marketing assets in Singapore in the first quarter, as the US major presses ahead with a broader effort to streamline its downstream portfolio in Asia.

Woodside shares rise on record output and strong revenues

Woodside reported record 2025 production and stronger-than-expected fourth-quarter revenue, lifting its shares, but flagged lower output in 2026 due to planned maintenance and project timing.

Trump's Venezuela oil plan threatens Mexico's Pemex production, exports

Both countries primarily produce heavy sour crude.

Venezuela courts oil majors, service firms

This comes as legislative changes are mulled.

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.