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Spain court drops Betancourt probe after Venezuela clears PDVSA loan
Spain’s National Court has shelved its investigation into Venezuelan businessman Alejandro Betancourt, concluding there is no evidence of money laundering linked to funds from state oil company PDVSA, EFE reported
Argentina wins reprieve in $16bn YPF case but legal battle set to run until 2027
A US appeals court has overturned a $16.1bn judgment against Argentina over the 2012 nationalisation of energy firm YPF, offering a significant legal respite for the South American country and prompting a strong political response from Milei.
Russia delivers first oil cargo to Cuba, after Trump signals easing of embargo
A Russian oil tanker has delivered the first crude shipment to Cuba in more than three months, after US President Donald Trump signalled he would allow supplies to reach the island despite an effective fuel blockade imposed earlier this year.
Venezuela oil output reaches 1.1mn bpd as US exports jump
Interim President Delcy Rodríguez disclosed the data during a virtual address to a conference in Miami on March 25, pointing to a recovery in output that includes condensate and natural gas liquids
Bosnia’s electricity supply stabilises after snow-related outages
Power supply in Bosnia & Herzegovina is stabilising following heavy snowfall that caused widespread damage to transmission and distribution networks, the state utility Elektroprivreda BiH said on March 30.
Japan steps up efforts at oil diversification
Japan is stepping up efforts to diversify its crude oil supply as the crisis in Iran and the de-facto blockade of the Strait of Hormuz expose the country’s heavy reliance on Middle Eastern imports.
Venezuela rebukes Machado’s energy sector privatisation plan
In a statement, authorities pushed back against a proposal unveiled by Machado in the US, where she argued that state control should be dismantled in favour of a model in which private actors dominate
PDVSA deploys teams after dual pipeline leaks near Cardón refinery
The first incident occurred on late March 25 in the Carirubana municipality, where a rupture in the LOL pipeline caused a spill described as “moderate”
India, Russia eyes resumed LNG trade
India and Russia are preparing to resume direct LNG supplies for the first time since the start of the war in Ukraine.
Sibur pushes on with major investments despite weak market
Russia’s Sibur is pressing ahead with major investment projects despite a weaker macroeconomic backdrop, softer global petrochemical prices and operational disruptions.
Bolivia faces gas supply crunch as output slides and import risk looms
Bolivia’s natural gas sector is entering a critical phase, with declining production raising the prospect that the country may need to import fuel within the next five to six years to meet domestic demand.
Ukraine intensifies attacks on Russian oil terminals
Ukrainian drone strikes on Russia’s Baltic export hubs have knocked out a large share of oil flows, threatening Moscow’s ability to benefit from higher global prices.
Serbia secures three-month extension of Russian gas deal
Serbia has secured a three-month extension of its gas supply agreement with Russia on favourable terms, President Aleksandar Vucic said on March 30 after a call with Russian President Vladimir Putin.
Nigeria’s NNPCL targets $60bn gas investment to triple reserves
Nigeria’s state-owned oil company is seeking $60bn in investment to expand gas reserves to 600 trillion cubic feet (tcf) and increase production to 12 billion standard cubic feet per day (bscfd) by 2030.
Russia reimposes full gasoline export ban amid Middle East crisis
Russia will reimpose a full gasoline export ban from April 1 to curb rising domestic prices.
Namibia accelerates infrastructure build-out to support first oil targets
Namibia is speeding up the development of its port infrastructure, supply chains and regional energy links, which will shape how much value it can retain from production.
Trump allows Russian oil tanker to dock in Cuba but warns island is "next" after Iran
The United States has allowed a Russian government-owned oil tanker to break its own blockade of Cuba, delivering the fuel-starved island its first significant energy shipment in three months.
Sun King to invest $150mn in Ethiopia solar rollout targeting 2mn users
Sun King will invest $150mn in Ethiopia’s off-grid solar sector under an MoU with the Ethiopian Investment Commission, targeting more than 2mn households as the country seeks to expand energy access.
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