Latest Stories
Argentina's TGS plans $3bn project to export natural gas liquids from Vaca Muerta
Argentine energy infrastructure company Transportadora de Gas del Sur (TGS) said it will invest about $3bn to develop facilities to process and export natural gas liquids from the Vaca Muerta shale formation.
ING: Asia’s outlook under higher oil prices
While inflation risks remain largely manageable at the moment given a low starting point, higher import bills will result in weaker trade balances with some currencies like PHP, THB, INR and KRW more vulnerable.
Ghana moves to phase out LPG cylinder imports as state factory revival advances
Ghana plans to eventually ban imports of liquefied petroleum gas cylinders as part of a strategy to boost domestic manufacturing and expand clean cooking access, Energy and Green Transition Minister John Abdulai Jinapor told parliament
Arab states lose $15bn in energy revenues as Hormuz shutdown continues, FT reports
Gulf oil producers have lost an estimated $15.1bn in energy revenues since the war with Iran began, with $10.7bn in crude and LNG cargoes stranded inside the Strait of Hormuz.
Nigeria’s crude output falls to 1.31mn bpd in February
Nigeria’s crude oil production fell to 1.31mn barrels per day (bpd) in February, leaving the country roughly 190,000bpd below its Organisation of the Petroleum Exporting Countries (Opec) quota as global oil prices rise.
Assala Energy reports hydrocarbon discovery offshore Gabon
Assala Energy has reported a hydrocarbon discovery at the Magoga-A exploration well in the Mutamba Iroru Licence II offshore Gabon, encountering around 8m of hydrocarbon-bearing pay in the Gamba Sandstone formation.
New Iranian leader wants Strait of Hormuz to remain shut as Indian tankers begin to pass
Iran’s new leader, Ayatollah Mojtaba Khamenei, in his first public message, on March 12 urged the Armed Forces to keep the Strait of Hormuz closed as a leverage tool, as over 200 vessels reportedly remained stranded on either side of the waterway.
Iran’s oil sales soar past pre-war levels
Iran’s oil exports have bounced back to surpass pre-war levels, data from analytics firm Kpler show, as regional producers have scaled back production due to difficulties exporting the commodity through the Strait of Hormuz in the Persian Gulf.
Zambia to partner private sector to build two pipelines to move oil, gas from Tanzania and Namibia
Zambia’s government has approved the development of two new pipelines to move oil and gas from ports in neighbouring Tanzania and Namibia.
Honda warns EV strategy rethink could cost up to $15.7bn
The company also warned it may record additional write-downs on investments in China as competition in the market intensifies.
Kazakhstan replaces planned Russian turbines at Ekibastuz GRES-2 power plant with Chinese alternative
Kazakhstan has revised plans for the construction of the third generating unit at Ekibastuz GRES-2 power plant, opting to replace previously planned Russian turbines and generators with equipment supplied by China’s Harbin Electric International.
Around 70% of India’s crude oil imports now bypass Hormuz
India now sources approximately 70% of its crude oil imports via supply lines that bypass the Strait of Hormuz, significantly cutting the country’s exposure to disruptions resulting from the prevailing tensions in the Middle East.
Chevron sells stakes in two Angolan oil blocks to Energean for $260mn
Energean (LSE: ENOG), a London-based oil and gas company, has signed an agreement to acquire Chevron’s (NYSE: VCX) 31% operated interest in Block 14 and 15.5% non-operated interest in Block 14K, offshore Angola, for $260mn.
Output at largest Kazakh oilfield Tengiz rises to 810,000 bpd on March 11
Oil production at Kazakhstan’s largest oilfield, Tengiz, reportedly rose to around 810,000 barrels on March 11, but average output during the first 10 days of the month remained below expectations,
Myanmar trials digital verification for fuel purchases
Myanmar will begin testing a QR code system for fuel purchases in a bid to cut long queues at petrol stations.
Prague-listed energy utility ČEZ reports drop in earnings by 5.8% y/y in 2025
The majority-state-owned energy utility and the Prague bourse leader ČEZ reported net profit of CZK27.4bn (€1.1bn) in 2025, which is a drop by CZK1.7bn, or 5.8% year-on-year.
Iran's IRGC navy commander vows to maintain Strait of Hormuz closure strategy
IRGC navy chief Tangsiri vows to keep the Strait of Hormuz closed and deliver "harshest blows" to the enemy, after Supreme Leader Khamenei signals Iran is studying new fronts in the conflict.
Iraq explores alternative oil export routes after Hormuz closure halts southern shipments
Iraq's oil minister says the country is close to signing a deal to export crude via Turkey's Ceyhan pipeline after the Hormuz closure cut off 3.35mn bpd in southern exports.
Nearly 2,000 Cambodian petrol stations shut amid fuel shortages
Nearly 2,000 fuel stations in Cambodia have temporarily closed due to a shortage of petrol and diesel, prompting government action to stabilise supply.
Serbia’s NIS seeks new US license before March 20 deadline
The Oil Industry of Serbia (NIS) has requested a new special license from the Office of Foreign Assets Control (OFAC) to continue operating, as negotiations on the sale of Russia's stake continue.
Iran agrees to provide safe passage to Bangladeshi oil and LNG vessels
Iran has officially agreed to grant safe passage to Bangladeshi oil and LNG ships passing through the Strait of Hormuz.
India negotiates with Iran for safe passage of fuel carriers
According to a March 12 2026 press briefing by India's Ministry of External Affairs, minister in charge, Dr. S. Jaishankar, has held three separate conversations with Iran’s Foreign Minister Seyed Abbas Araghchi.
South Korea firm wins $96mn Australian energy deal
Hyosung Heavy Industries (298040.KS) has finalised a contract worth KRW142.5bn ($96.32mn) to deliver an energy storage system (ESS) for Tangkam BESS in Australia.
Follow us online