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Saudi's Sabic sells US and European assets for $949mn
Saudi petrochemical giant Sabic divests engineering thermoplastics assets in US, Europe and Latin America for $949mn to prioritise high-growth markets and improve capital returns.
Iran’s solar output hits 1.37GW instant record as renewables gain grid share
Iran’s grid-connected solar power plants set a new instantaneous output record of 1,374 MW at 12:10 on January 5, marking a fresh high for solar generation during peak daylight hours.
Iraq among eight oil producers set to add 450,000 bpd to global supply
S&P Global Energy announced on January 8 that eight of the world’s largest oilfield development projects scheduled to begin operations in 2026 could add more than 450,000 barrels per day (bpd) to global crude markets
Global coal demand to peak by 2024 as clean energy gains momentum, IEA says
Global coal demand is set to decline after reaching an all-time high in 2023, with a structural shift now underway as clean energy technologies begin to outpace fossil fuel consumption, according to a new report by the IEA.
South Africa tweaks anti-trust rules to shield ferrochrome, manganese smelters against high energy costs
South Africa’s government has allowed companies burdened by high energy costs to jointly negotiate electricity procurement, share backup generation and cooperate with suppliers to ensure their collective viability.
Bolivia fuel flows at risk as protesters occupy key YPFB pipeline hub
Bolivia’s hydrocarbons transport network faces renewed operational pressure after rural organisations occupied a key pumping and compression facility, raising concerns over fuel supply continuity in several regions of the country.
Colombia's Ecopetrol extends 50% ADR fee cut through 2026 with JPMorgan
Ecopetrol extended a 50% reduction in American Depositary Receipt issuance and cancellation fees through December 31, 2026, following renegotiations with JPMorgan Chase Bank NA as depositary institution for the Colombian oil producer's
Maduro's ouster reshapes Colombia energy strategy as gas crisis looms
Colombia faces potential relief from looming energy shortages following Nicolás Maduro's removal, though technical and regulatory obstacles may prevent Venezuelan gas imports from materialising before projected 2027 deficits materialise
UN forecasts 10% drop in emissions by 2035, but warns progress is dangerously slow
Global greenhouse gas emissions are expected to decline by 10% by 2035 compared to 2019 levels, according to a new United Nations report released on October 28. It's the first time the UN has forecast an absolute reduction in emissions.
Canada weighs impact of potential oil revival in Venezuela
Higher imports of Venezuelan crude to the US and beyond could displace oil coming from Canada.
YPF head asserts that Argentine oil not under threat from Venezuela following US action
YPF CEO Horacio Marín dismissed concerns that Venezuela's oil sector recovery could undermine Vaca Muerta development, citing Argentina's superior crude quality and long-term export projections exceeding $20bn annually by decade's end.
International bilateral payments to Nigerian power generators lag in Q3 2025
Nigerian electricity generation companies received $7.12mn and NGN3.19bn ($2.24mn) from bilateral customers in the third quarter of 2025, with international customers remitting less than 40% of the amounts invoiced
Libya expects to resume oil exports from Es Sider port within days
Libya expects to resume oil exports from the Es Sider port within the next few days, after the key terminal remained closed for nearly a year due to protests
Nigeria’s oil output rises 7% in 2025 but misses fiscal targets
Nigeria’s average crude oil production, including condensates, rose 7% year on year to 1.652mn barrels per day in the first 11 months of 2025, but remained below fiscal targets set by the government
Brazil faces trade-offs in global shift away from fossil fuels
Debate on moving away from fossil fuels is becoming more grounded, though pressure remains for quicker adoption of renewable energy, according to a report submitted to the COP30 presidency ahead of the climate summit in Belém.
India’s Shakti Pumps moves into solar
Shakti Pumps (India) has committed fresh capital to accelerate its expansion into solar manufacturing, signalling a deeper push along the renewable energy value chain
Malaysia’s Willowglen to help improve Singapore grid
SP Power Assets, the owner and operator of Singapore’s electricity transmission network, has awarded a long-term contract for substation works to Malaysia-based Willowglen Multimedia Super Corridor Berhad.
Venezuelan authorities to send 30mn-50mn barrels of sanctioned crude to the US
US President Donald Trump announced on January 6 that Venezuelan authorities will turn over 30mn to 50mn barrels of sanctioned crude to the US, redirecting exports from China to the US.
NPCIL in India announces milestone in Rajasthan Atomic Power Project
Nuclear Power Corporation of India has marked a significant step forward in the expansion of the Rajasthan Atomic Power Project.
Venezuela’s oil will cost US oil firms billions in investment before earning dollar one
US President Donald Trump says that the US will help take over running Venezuela and get the oil sector back on its feet so everyone can “make lots of money.” But there has been underinvestment in the South American country’s vast oil reserves.
Tanzania invests over $112.64mn to boost electricity reliability in Dar es Salaam
The Tanzanian government has invested more than TZS 280bn ($112.64mn) in electricity infrastructure in Dar es Salaam to ensure a reliable supply for homes and industries, Energy Minister Deogratius Ndejembi said during inspections of key substations
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