Latest Stories
Poland's Orlen to buy remaining stake in Grupa Azoty Polyolefins to reach 100% ownership
Orlen has signed a preliminary agreement with chemical firm Grupa Azoty to acquire the latter's stake in Grupa Azoty Polyolefins (GA Polyolefins), increasing its ownership to 100% from 17,3%, Orlen announced on April 1.
Russian gas supplies to Europe via TurkStream grow amid Hormuz crisis
The daily average Russian gas supply to Europe via the TurkStream pipeline expanded by 22% y/y in March to 55mn cubic metres (mcm), calculations have shown.
Turkey reportedly talking to Iran in bid to obtain Hormuz transit permission for 11 ships
Turkey is reportedly in contact with Iran to negotiate permission for 11 Turkish-owned ships to pass through the Strait of Hormuz amid the partial blocking of the chokepoint by Tehran in its conflict with Israel and the US.
Venezuela opens for business, but investors weigh promise against reality
Reforms to oil, mining and financial laws have accelerated since the fall of Maduro, but legal ambiguity, institutional weakness and unresolved questions over democracy are tempering enthusiasm among investors, Orinoco Research says.
EBRD considers $223.5mn financing for AMEA Power to complete Egypt battery storage projects
Summer maintenance to knock out Norwegian gas supply
Planned maintenance on Norway’s gas export infrastructure is set to curb flows to the UK and continental Europe this summer.
TotalEnergies, Repsol, complete their UK North Sea tie-up
France’s TotalEnergies and Spain’s Repsol have completed the merger of their UK North Sea upstream portfolios, creating a new joint venture, NEO NEXT+.
Power costs in Europe on the rise, but very unevenly distributed
Italy is taking the full brunt of the elevated prices due to shut down of gas exports from the Gulf. Power prices have surged from €137 in March last year to €160 per megawatt hour (MWh) as of April 1.
Rising fuel costs threaten Cambodia’s 2026 tourism recovery
Rising fuel costs and Middle East tensions cast uncertainty over Cambodia’s tourism recovery, though officials remain cautiously optimistic.
Myanmar shuts fuel stations over QR rule breaches
Myanmar has temporarily closed 17 fuel stations and warned dozens more for failing to follow mandatory QR code procedures
Nearly $72mn granted to Vietnam’s forest programme
Vietnam has secured almost $72mn in climate finance to reward past efforts in protecting its forests.
OMV Petrom reports second unsuccessful exploration well in Bulgaria’s Han Asparuh block
OMV Petrom has failed to identify commercially significant gas volumes at the Krum-1 exploration well in Bulgaria’s offshore Han Asparuh block.
Vietnam increases imports and refining to ensure supply
Two of Vietnam’s largest refineries say domestic fuel supplies remain secure despite global market uncertainty and Middle East tensions.
Nigeria’s gas dilemma: abundant reserves, limited domestic delivery
Despite its vast proven natural gas reserves of almost 210 trillion cubic feet, Nigeria has been unable to harness sufficient gas for its domestic economy or export market.
Polish firm ELQ targets major renewable expansion in Ukraine
Polish energy company ELQ plans to invest up to €2.5bn in Ukraine’s renewable energy sector, aiming to build as much as 2.5 gigawatts of new capacity in the coming years.
Global oil shock puts Ghana on alert as government weighs fuel tax cuts
Ghana may review fuel taxes and levies if surging global oil prices place excessive pressure on consumers, a government spokesperson said, as rising geopolitical tensions threaten to drive up energy costs.
DZGM Energy Resources secures power purchase agreement for 100MW hybrid power plant in Zambia
Zambia’s state-owned power utility, Zesco, has signed a power purchase agreement with DZGM Energy Resources (DZGM) for a 100-megawatt (MW) solar-wind hybrid project in the country.
Nigeria’s solar imports jump to 2.9mn panels as power crisis deepens
Persistent electricity shortages are driving Nigeria to import 2.9mn solar panels worth NGN435.5bn ($314.4mn), signalling a rapid shift towards off-grid energy solutions
Uzbekistan targets 10% cut in air pollution under nationwide "Clean Air" drive
President Shavkat Mirziyoyev has signed a decree introducing measures to improve air quality across Uzbekistan under the "Toza Havo" (Clean Air) project.
Iran pushes ahead with solar and wind plants
Iran is building four solar plants and a wind farm targeting 100MW as the war batters the power grid, with the first phase due online by July 2026 amid repeated strikes on electricity infrastructure.
BP's new CEO and the company's reset
Meg O’Neill’s UK debut as BP CEO alongside Prime Minister Keir Starmer comes as the company resets strategy amid a global energy shock, rising prices, and mounting investor pressure.
Follow us online