Latest Stories

Adani Power wins 558-MW Tamil Nadu supply contract

25 February 2026

Adani Power said on February 24 that its subsidiary, Moxie Power Generation Ltd., has secured a Letter of Award from Tamil Nadu Power Distribution Corporation Limited for the supply of 558 MW (net) of electricity over a five-year term

Rubio heads to Caribbean talks as US sharpens focus on Cuba and Venezuela

25 February 2026

The State Department said Rubio will underline Washington’s commitment to working with members of the Caribbean Community to bolster stability and prosperity across the hemisphere

Trinidad's NGC signals scope for better gas terms after Perenco supply deals

25 February 2026

Chairman Gerald Ramdeen defended NGC’s earlier move to lift prices for light industrial customers to $5.30 per MMBtu from $3, saying previous tariffs were heavily subsidised and below the company’s acquisition costs

Colombia's Ecopetrol lifts proven reserves 2.7% to 1.944bn barrels, achieves 121% replacement despite $68.64 Brent

25 February 2026

Ecopetrol reported proven oil, condensate and natural gas reserves of 1.944bn barrels of oil equivalent at end-2025, up 2.7% year-on-year, achieving a 121% reserves replacement ratio despite a 13.9% decline in Brent crude to $68.64 per barrel

Colombia lacks OFAC licence to import Venezuelan gas through Ecopetrol, minister says

25 February 2026

Colombia's state oil company Ecopetrol cannot import natural gas from Venezuela because it lacks authorisation from the US Office of Foreign Assets Control, Energy Minister Edwin Palma said after visiting Caracas

India’s oil import reliance tops 88.5% in FY26, may hit new peak

25 February 2026

India’s dependence on imported crude oil climbed to more than 88.5% during the first 10 months of FY26, underscoring the likelihood that full-year import reliance could scale a fresh high

India's January LNG imports rise 15%

25 February 2026

India’s liquefied natural gas (LNG) imports rose to 2.808bn cubic metres (bcm) in January 2026, marking a 15.3% increase compared with the same month a year earlier

US intercepts third tanker in Indian Ocean over Venezuela oil sanctions

25 February 2026

The Pentagon said US forces carried out a right-of-visit inspection and boarding of the tanker Bertha without incident in the area overseen by US Indo-Pacific Command

Venezuela’s oil sector recalibrates as licences ease pressure

25 February 2026

State-owned PDVSA is running its main refineries — Amuay, Cardón, El Palito and Puerto La Cruz — at a combined throughput of about 450,000 barrels per day (bpd), roughly 35% of installed capacity

FT uncovers $90bn Russian oil network linked to Azeri businessmen and Rosneft

24 February 2026

A smuggling network that has moved at least $90bn worth of Russian oil since the imposition of Western sanctions has been uncovered following what the Financial Times described as an IT error linking dozens of entities through a shared mail server.

Iran, Azerbaijan discuss co-operation on Caspian field

24 February 2026

Iran and Azerbaijan plan to work together on the development of a hydrocarbon field in the Caspian Sea, signalling a potential thaw over the disputed reservoir.

Vietnam accelerates shift to E10 biofuel

24 February 2026

Vietnam is preparing to introduce E10 biofuel nationwide from June 1, with fuel suppliers and refiners stepping up efforts to guarantee adequate supply, infrastructure and technical readiness ahead of the transition.

Cambodia reviews 800MW French hydropower development proposal

24 February 2026

A French state-owned energy company is exploring the possibility of developing an 800-megawatt hydropower project in Cambodia, with estimated investment costs of around $1.2bn.

Iran hails record gas extraction from South Pars under sanctions

24 February 2026

Iran’s Oil Minister Mohsen Paknejad praised an all-time high of daily extraction of 730mn cubic metres (mcm) of natural gas from the colossal South Pars field.

Parex Resources bids $500mn for Frontera Energy's Colombia assets, topping GeoPark offer

24 February 2026

Canada's Parex Resources submitted an all-cash $500mn proposal to acquire Frontera Energy's Colombian upstream operations, trumping GeoPark's January agreement by $125mn and offering an additional $25mn contingent payment plus debt assumption

Trump administration intensifies Cuba embargo as energy crisis deepens humanitarian concerns

24 February 2026

The Trump administration has accelerated economic pressure on Cuba through an enhanced petroleum embargo threatening tariffs on countries supplying oil to the island following Mexico's suspension of fuel shipments

Cuba's oil reserves risk running dry by March as garbage crisis engulfs Havana

24 February 2026

Cuba faces depletion of its oil reserves by mid-March unless supply vessels arrive, energy expert Jorge Piñón warned, as only 44 of Havana's 106 rubbish trucks remain operational and waste piles accumulate across the capital amid a US fuel blockade

VMOS pipeline begins horizontal drilling under Argentina’s Río Negro

24 February 2026

Construction of the Vaca Muerta Oil Sur (VMOS) pipeline reached a key milestone on Monday as works began to cross the Río Negro through Horizontal Directional Drilling (HDD), provincial authorities said.