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Nigeria’s Dangote refinery threatens legal action against individuals claiming it imports petrol
Nigeria’s 650,000 bpd Dangote Refinery says it has identified individuals who had claimed the plant was importing petrol, calling the allegation “misleading” in a statement made on February 9.
Libya awards oil and gas exploration licences in first bid round since 2007
Libya has awarded new oil and gas exploration licences to major international energy companies, including Chevron (NYSE: CVX), Eni (BIT: ENI), QatarEnergy (state-owned), and Repsol (BME: REP), in its first bid round in nearly two decades.
Nigeria’s Port Harcourt refinery could restart operations in one week, PENGASSAN president says
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has revealed that rehabilitation work on the country’s 210,000 barrels per day Port Harcourt refinery is 90% complete, and that the plant could be returned to service.
MOL partners with Repsol, TPAO in Libya
MOL has entered Libya through a partnership with Spain’s Repsol and Turkey’s TPAO, following the country’s first oil and gas licensing round since 200
MedcoEnergi secures offshore Malaysia PSC from Petronas
PT Medco Energi Internasional Tbk (MEDC), the oil and gas producer controlled by the Panigoro family, has strengthened its global presence after securing the operatorship of the Cendramas Production Sharing Contract (PSC) offshore Malaysia
Indonesia’s output cuts set to reshape China’s coal market in 2026
China’s coal production is forecast to edge higher in 2026, but at the slowest pace seen in a decade, a development closely tied to Indonesia’s policy moves
Twenty nine global banks decline to fund Papua LNG project
Twenty-nine international banks and export credit agencies have stepped back from financing a major liquefied natural gas (LNG) development in Papua New Guinea, citing environmental, climate and human rights risks
Indian Railways diesel use drops 62% as electrification accelerates
Indian Railways reduced diesel consumption by about 1.78bn litres in 2024-25, achieving a 62% reduction compared with 2016-17
Meralco requests $9.15bn for Philippine power grid upgrades
Manila Electric Co. (Meralco) has submitted a formal proposal to the Energy Regulatory Commission to recover approximately PHP532.13bn (approximately $9.15bn) from its customer base.
Romania to place Lukoil’s local assets under extended state supervision
Romania’s Ministry of Energy has recommended placing the local entities owned by Russia’s Lukoil group under an extended state supervision regime, to protect national processing capacity and prevent disruptions on the fuel market.
Sri Lanka begins construction of 50-MW Mannar wind project
Construction has commenced on the 50MW Mannar Wind Power Project in northern Sri Lanka, marking a new addition to the country’s renewable energy capacity as it seeks to accelerate its clean energy transition
Oil India Q3 profit falls as weaker crude realisations squeeze margins
Indian state-run explorer Oil India reported a sharp decline in third-quarter profit as lower crude price realisations and rising costs compressed margins despite a recovery in domestic fuel demand
India's Rajasthan Atomic Power Project Unit-7 reaches full output
Rajasthan Atomic Power Project Unit-7 (RAPP-7) has, for the first time, achieved its rated generation capacity of 700 MW
TMK, Mongolia’s energy ministry to study acceleration of natural gas as fuel source in energy mix
TMK Energy (ASX: TMK) and Mongolia’s Ministry of Energy have signed an agreement to jointly study the acceleration of natural gas as a fuel source in the country’s energy mix, the company said in a market announcement released on February 11.
Rosneft's German refinery warns US sanctions threaten Berlin's fuel supply
Rosneft's German refinery warns US sanctions could disrupt Berlin's fuel supply as pressure mounts ahead of April US sanction deadline
Istanbul-listed Isbank and TSKB extend 10-year €100mn loan to Schmid Pekintas for 5-GW solar cell production plant
BP estimates 8bn barrels at Brazil's Bumerangue discovery
UK oil major BP estimates its Bumerangue discovery in Brazil's Santos basin holds around 8bn barrels of liquids in place, split evenly between oil and condensate.
Brazil’s Petrobras posts record Q4 oil exports as client base diversifies
Brazilian state-owned oil firm Petrobras posted record exports of 1.2mn barrels per day (bpd) of oil and derivatives in the fourth quarter of 2025, a surge of about 79% from the same period a year earlier.
Citgo sale delay freezes major decisions as Treasury review drags on
A Delaware judge approved a $5.9bn bid late last year from Amber Energy, an affiliate of Elliott Investment Management, following a prolonged auction process, but the transaction still requires clearance from the US Treasury Department
Venezuelan bondholders hire Houlihan Lokey ahead of debt talks
The selection followed several weeks of deliberations, though a formal mandate has yet to be finalised.
Bulgaria allocates €40.8mn for energy efficiency in 1,073 companies
Bulgaria’s government will provide an additional €40.8mn to support energy efficiency upgrades in 1,073 companies, raising total funding under the Competitiveness and Innovation in Enterprises programme to €105.2mn.
World Bank eyes broader financing programme for Serbia gas sector
The World Bank is considering a broader financing programme for Serbia’s gas sector, including support for new interconnectors, storage facilities and upgrades to existing infrastructure.
Iran’s renewable capacity tops 4.2GW as 750MW comes online across 24 provinces
Iran’s installed renewable power capacity has surpassed 4,200MW following the inauguration of 750MW of new projects across 148 sites nationwide.
Latvia’s sustainable energy technology development plan approved
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