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Brazil's Petrobras cuts gas prices 7.8%, sees long-term potential in Venezuela exploitation

Brazil's state-owned oil company Petrobras has announced a 7.8% reduction in natural gas prices for distributors while a senior executive said the company sees exploration potential in Venezuela despite saying it is not the right time.

Kazakhstan’s Tengiz oilfield expected to recover less than half of its normal output by February 7

Kazakhstan’s largest oilfield, Tengiz, has been reported as expected to recover less than half of its normal output by February 7, with production resuming only gradually since a fire and subsequent power outage.

Michael Topolinski’s MetaWealth expands into battery power storage in Romania

MetaWealth, a European real estate investment platform founded by Michael Topolinski, is entering the battery energy storage systems (BESS) segment with several large-scale projects in Romania. The investment target is set at €130mn.

Egyptian Enppi and Petrojet plan to form engineering venture with French Technip Energies

Egyptian state-owned engineering and oil services firms Enppi and Petrojet plan to establish a new joint venture with France’s energy firm Technip Energies to compete for large-scale projects

Fortis Energy to install 36-MWh battery at Serbia solar plant

The battery will be built alongside the Noćaj 1 photovoltaic project in Sremska Mitrovica, western Serbia, with installation set to begin in the second quarter of this year.

Venezuela's interim leader liberalises economy but critics warn of 'dictatorship without Maduro'

Venezuela's interim president Delcy Rodríguez is rapidly liberalising the economy while maintaining strict political control, prompting warnings from analysts and former US officials that Washington may be willing to accept authoritarian rule.

SOFAZ assets rise 22.5% to $73.5bn by end-2025 as oil revenues and valuation gains boost inflows

Hidroelectrica teams up with EDF, local investor for pumped hydropower projects in Romania

The extraordinary general shareholders’ meeting (AGEA) of Romania’s state-controlled power producer Hidroelectrica (BVB: H2O) approved plans to advance two major pumped-storage hydropower projects. The company's shares hit a new maximum.

As India’s union budget approaches, global and domestic pressures weigh heavily

Higher budgetary support for exploration and strategic reserves could offset some of the risks linked to volatile global oil prices and shifting trade alignments

Oroi Village officially recognised as a beneficiary of the Papua LNG pipeline project

Oroi village, situated in Ward 8 of Nara South in Kairuku District, has been formally acknowledged as a beneficiary community of the upcoming Papua LNG project because of its proximity to the planned gas pipeline

Cuba tourism slumps as sanctions and fuel risks weigh on economy

Oman, South Korea partner on $940mn energy project

Trinidad and Tobago's Atlantic LNG to remove one liquefaction train later this year

Trinidad and Tobago’s Atlantic LNG facility will commence removing one liquefaction train from operations in the fourth quarter.

Ecuador raises fees on Colombian oil transit as trade dispute escalates

Ecuador has increased the tariff for transporting Colombian crude through its main state-owned pipeline from $3 to $30 per barrel, in a move linked to escalating trade and energy tensions with Bogotá

Brazil's ANP grants Mandacaru 60-day extension to start production at Sergipe gas field

Brazil's oil and gas regulator ANP approved a 60-day extension for Mandacaru Energia to begin production at the Dó-Ré-Mi natural gas field in the Sergipe Basin.

Brazil’s Raízen seeks up to $1.5bn capital raise but funding sources unclear

Brazilian biofuels and energy company Raízen is estimated to seek a capital increase of between $1bn and $1.5bn as part of its restructuring efforts, but the sources of funding remain uncertain.

India–EU trade pact anchors climate action at the core of economic cooperation

The India–EU free trade agreement represents a decisive step towards embedding climate policy directly into the architecture of global commerce, marking a shift away from trade deals that treat environmental concerns as side issues.

Venezuela courts oil majors as parliament weighs hydrocarbons law rewrite

Venezuela’s interim president Delcy Rodríguez met with executives from oil companies including Repsol, Chevron and Shell

US weighs broad sanctions licence to accelerate Venezuela oil revival

The move is intended to streamline approvals after a flood of licence requests from companies seeking to operate alongside state-owned PDVSA.

Venezuela oil law revamp falls short of capital needed for sector overhaul

Venezuela’s proposed overhaul of its hydrocarbons law is designed to ease the expansion of companies already operating in the country and draw in fresh investors

India’s Waree Renewable Tech take majority stake in APS

Waaree Renewable Technologies is moving to strengthen its engineering and execution capabilities with the acquisition of a majority stake in Associated Power Structures, in a deal valued at $134mn.

India’s Juniper moves into BESS – in a big way

At 100 MWh, the installation is among the largest grid-connected battery storage projects currently in operation in India.

KPI Green brings new large-scale solar project to bear

KPI Green Energy has commissioned the first phase of its large-scale solar project awarded by Gujarat Urja Vikas Nigam Limited, bringing 24.2 MW of alternate current capacity into operation.

Poland’s Orlen partners with Finnish firms to secure renewable hydrogen supplies

Poland’s largest energy multi-utility Orlen has entered into cooperation agreements with three Finnish partners for the production and supply of renewable hydrogen and its derivatives, the company reported on Jan 27.

Turkey’s largest open-pit copper mine Gokirmak reportedly put up for sale for $1bn

Turkey’s largest open-pit copper mine, Gokirmak, has reportedly has reportedly been put up for sale for $1bn.