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Singapore court rejects OCBC’s $56mn claim over capsized oil rig
OCBC Bank has lost a $56mn insurance claim linked to a jack-up oil rig that capsized in 2018, after Singapore’s highest court ruled that the bank had not proven the vessel was lost due to “perils of the seas”
Malaysia backs New Zealand energy security push amid global conflict
After a phone call with New Zealand Prime Minister Christopher Luxon, Malaysia has welcomed the country’s efforts to strengthen energy security as global conflicts continue to disrupt energy markets
Indonesia awards nine new oil and gas blocks to boost exploration
Indonesia has awarded nine oil and gas working areas across several key basins, with total firm commitments of about $84.75mn and signature bonuses of $3.65mn, the Energy and Mineral Resources Ministry said.
Indonesia targets $4.7bn in savings as Middle East war pushes up oil prices
Indonesia is aiming to secure up to IDR80 trillion (about US$4.7bn) in budget savings to shield the economy from the impact of rising global oil prices following the conflict in the Middle East, the government said
Bangladesh nears launch of first nuclear power plant
Bangladesh is set to bring its first nuclear reactor online within months, marking a long-delayed milestone as the country struggles with severe energy shortages linked to disruptions in the Middle East.
Petronas Chemicals expects another difficult year as demand stays weak
Malaysia’s Petronas Chemicals Group said operating conditions for the petrochemicals industry are likely to remain challenging in 2026
India set to pay premium for Iranian oil
Traders have begun offering Iranian crude to Indian refiners at prices above ICE Brent following a temporary easing of US sanctions.
India mandates full-capacity operations at Tata Power’s Gujarat plant
India has instructed Tata Power to run its 4 GW imported coal-based facility in Gujarat at maximum capacity between April 1 and June 30, as part of efforts to ensure sufficient electricity supply during the peak summer.
India installs over 2.6mn rooftop solar power systems under PM scheme
India has installed more than 2.6mn rooftop solar systems under the PM Surya Ghar Muft Bijli Yojana since the programme’s launch in February 2024.
Spanish NGO Open Arms plans solar-powered Cuba mission to keep Children's Hospital lit
Spanish humanitarian organisation Open Arms announced a new aid mission to Cuba, unveiling plans to sail photovoltaic equipment to a children's hospital in Havana as the island endures successive nationwide blackouts under a US fuel blockade
Russia reaffirms support for Cuba amid US threats
Aid flotilla docks in Havana as US oil blockade deepens Cuba's energy crisis
The lead vessel of an international humanitarian flotilla docked in Havana on March 24, delivering food, medicine, solar panels and bicycles to an island buckling under a US fuel blockade that has left millions without reliable electricity
Libya begins towing damaged Russian LNG tanker off its coast
Libya has begun operations to tow a damaged Russian liquefied natural gas (LNG) tanker that has been stranded off its coast since early March
Colombia's Ecopetrol restores Cartagena refinery power after nine-day outage, probe under way
Colombia's state energy company Ecopetrol said that its Cartagena refinery, known as Reficar, had returned to full operation after a power failure that shut down all processing units for more than a week, the company stated in an official statement
Turkmengaz has go-ahead to sign EPC with CNPC subsidiary for fourth development phase of giant Galkynysh field, say state media
Turkmenistan’s state-run gas company Turkmengaz has received government authorisation to sign a Galkynysh 4th phase development EPC contract with CNPC subsidiary CNPC Amu Darya Petroleum, state media say.
Condor in 2025 scales up gas production in Uzbekistan, progresses LNG project in Kazakhstan
Canada-based Condor Energies Inc (TSR:CDR) has reported that its Uzbekistan operations in 2025 enjoyed rising production and revenues.
Ecuador caps jet fuel supply after refinery disruption strains aviation sector
Ecuador has imposed temporary restrictions on aviation fuel distribution, forcing airlines to rethink operations as supply constraints ripple across the country’s main airports.
Iranians freeze gas supplies to Turkey following Israeli strike on South Pars
Ankara yet to comment on whether it could face significant gas shortages.
Kazakhstan cancels contract with Shell and Eni
State takes charge of building processing facility at Karachaganak field.
VAT cut eases Cambodian households’ fuel price burden
Cambodia has slashed the value-added tax (VAT) on regular gasoline and diesel from 10% to 4%, a move aimed at reducing the impact of soaring global oil prices on consumers.
Myanmar imposes strict fuel limits amid rising prices
Fuel prices in Myanmar have surged sharply, with strict rationing measures now affecting major cities as authorities struggle to manage supply.
Vietnam Airlines trims domestic flights as fuel costs soar
Vietnamese carriers are preparing to scale back selected domestic services and increase fuel surcharges on international routes as jet fuel prices climb and supply risks intensify, aviation authorities say.
MOL gets US approval to extend talks to buy Russian stake in NIS
MOL is in discussions with Gazprom Neft over acquiring a controlling stake in NIS, as US sanctions imposed in 2025 require the exit of Russian capital from the Serbian company.
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