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Relations between Ukraine, Hungary worsen amid money laundering dispute
Relations between Hungary and Ukraine have deteriorated after Budapest detained seven Ukrainian citizens, prompting Kyiv to accuse the Hungarian authorities of “taking hostages.”
Azerbaijan delegation discusses Baleine oil and gas project as SOCAR expands into Côte d’Ivoire
A high-level delegation from Azerbaijan held several meetings with senior officials from Côte d'Ivoire's Ministry of Foreign Affairs and the energy sector to discuss the Baleine oil and gas project.
Argentina's YPF plans $6bn investment in 2026 as shale strategy targets export growth
Argentina’s state-controlled energy company YPF plans to invest about $6bn in 2026 to expand shale production and energy infrastructure, Chief Executive Horacio Marín said.
Russian shadow fleet LNG carrier idle near Suez Canal after attack on sister vessel
A Russian LNG carrier linked to the sanctioned Arctic LNG-2 project has been idling near the northern entrance to the Suez Canal for several days after another vessel from the same logistics chain was attacked in the Mediterranean.
Israel resumes limited gas exports to Egypt
Natural gas supplies from Israel to Egypt have begun to trickle back into the regional grid, albeit at a fraction of their usual capacity
Brazil's Petrobras floats extra dividend on Mideast risk, but sees no immediate payout
Petrobras could distribute extraordinary dividends this year if surging crude prices driven by Middle East conflict provide a sustained boost to cash flow.
Nigeria seeks third-party crude supply for $20bn Dangote refinery as petrol prices surge
Nigeria’s state oil company NNPCL is sourcing crude oil through international traders to supply the $20bn Dangote Petroleum Refinery as domestic allocations fall short and prices rise.
VIDEO: Bahrain’s Bapco halts oil operations following Iranian attack
Bahrain's national energy company Bapco Energies declared a force majeure on operations following an Iranian drone attack on its refinery complex in Sitra during the early hours of March 9.
DRC moves to revive dormant LPG sector with new hydrocarbons reform bill
The DRC’s government has approved a draft bill aimed at developing the domestic liquefied petroleum gas (LPG) sector as part of broader efforts to modernise the hydrocarbons industry and attract investment.
'Rivers of fire' engulf Tehran streets as oil from bombed depots
Israeli strikes on Tehran fuel depots sent burning oil flooding through the city's drainage system, creating rivers of fire in residential streets and toxic black rain across the capital.
European gas prices surge further on Hormuz crisis
European gas prices have surged once more as a result of Iran’s blockade of the Strait of Hormuz that has knocked out around a fifth of global LNG supply.
Oil price spike at over $100 per barrel as market faces possibly worst crisis in history
Brent was trading at over $108 per barrel as of 06:30 GMT today, up from the early $70s prior to the US and Israel launch of strikes against Iran on February 28.
PM Fico says Slovakia is ready to block EU's €90bn loan for Ukraine if necessary
Slovak Prime Minister Robert Fico said his country is ready to block the EU Ukraine loan to step up pressure on Ukraine’s president Volodymyr Zelensky to do more to renew the Russian Druzhba oil flow.
PetroShorouk earmarks $524mnn to develop Egypt's Zohr gas field in FY 2026/27
PetroShorouk, the venture responsible for managing and developing Egypt’s Zohr gas field, has allocated investments worth $524mn to develop and expand the field during FY 2026/27.
Philippine palace seeks emergency powers to cut fuel tax
The Philippine presidency is preparing to submit a formal appeal to the legislature to provide President Marcos with extraordinary authority to slash fuel duties.
LG Energy Solution launches battery plant in Canada
LG Energy Solution, a South Korea-based battery maker specialising in electric vehicle and energy storage batteries, began operating a CAD5bn ($3.7bn) battery facility in Windsor, Ontario, Canada, on March 7.
BP seeks up to $6bn in damages from Venture Global
UK supermajor BP is asking for up to $6bn in damages from US LNG giant Venture Global from its arbitration case victory.
Singapore faces potential electricity price increases after Qatar LNG shutdown
Singaporean households and businesses could experience higher electricity costs if the shutdown of a major liquefied natural gas (LNG) export facility in Qatar continues for an extended period
Indonesia warns of possible subsidised fuel price rise
Indonesia may be forced to raise subsidised fuel prices should the global oil prices keep rising and exceed the state budget’s capacity to absorb the additional costs, according to Finance Minister Purbaya Yudhi Sadewa
Germany’s Uniper opens talks to buy Canadian LNG
Germany’s state-run energy company Uniper has begun negotiations with Canada to buy LNG from the fledgling producer.
Indonesia targets first nuclear power plant launch
Indonesia plans to commission its first nuclear power plant between 2032 and 2034, marking a major step in the country’s long-term transition toward cleaner energy sources
Indonesia opens 10 new oil and gas blocks to global investors
The Ministry of Energy and Mineral Resources (ESDM) of Indonesia has formally launched 10 new high-potential oil and gas blocks, making them available to international investors as part of a broader effort to revitalise Indonesia’s upstream energy
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