Latest Stories
Price of Russia’s Urals oil hits highest since 2013
Price of Russian Urals blend oil hit the highest in 13 years amid the supply squeeze fallout from the war in Iran
Vietnam targets 90-day fuel reserves amid risks
Rising tensions in the Middle East have disrupted global oil flows, pushing Vietnam to reassess how it can secure sufficient fuel reserves despite limited public finances.
Thai Airlines suspends routes amid rising fuel prices
Thai Lion Air, Nok Air and Thai AirAsia have suspended some domestic and international routes, citing rising operating costs linked to escalating tensions in the Middle East.
Colombia firms rank among top regional multilatinas, IDB study shows
Colombia placed three companies among Latin America’s 50 largest multilatinas by sales, led by Ecopetrol in sixth position, according to a report by the Inter-American Development Bank
Valaris locks Brazil’s Petrobras extension
Valaris said it secured a contract extension with Petrobras for the drillship VALARIS DS-4, alongside a separate agreement with Petronas and Halliburton covering offshore activity in Suriname.
Brazil unveils $6bn fuel subsidy package as Iran war hits prices, freezes Lula-Trump thaw
Brazil's government unveiled a sweeping package of measures on April 6 to shield consumers and businesses from surging fuel prices driven by the US-Israeli war with Iran, at an estimated fiscal cost of BRL31bn ($6bn).
Ventura extends Brazil rig deals
Ventura Offshore said it has secured contract extensions for two units operating offshore Brazil, adding more than $600mn to its backlog.
Fuel surge hits Brazil airlines
Petrobras has raised jet fuel prices by about 55% since April 1, Abra Group said, citing higher global oil costs linked to conflict involving Iran, the United States and Israel.
Colombia's Ecopetrol chief steps aside temporarily amid probes and political tensions
The board of Colombia’s state-controlled oil company Ecopetrol has asked its chief executive Ricardo Roa to step aside temporarily until after the presidential election cycle, following mounting legal scrutiny and internal dissent
Colombia's Isagén, US Atlas secure financing for $453mn solar project in Colombia
Isagén and Atlas Renewable Energy have reached financial close for the El Campano solar project in Córdoba, paving the way for construction of a 128.8 MWdc facility expected to begin operations in the third quarter of 2027
Cuba turns to Chinese solar imports as energy crisis deepens under oil curbs
Cuba is accelerating imports of Chinese solar technology to mitigate worsening electricity shortages linked to tighter oil supply restrictions, as the island seeks to stabilise its fragile power system
OMV Petrom comes up dry off coast of Bulgaria
A consortium led by OMV Petrom has failed to find significant gas volumes at a Black Sea exploration well offshore Bulgaria.
Trillion seeks sale of offshore Turkish gas project
Canada-listed Trillion Energy is seeking a buyer for its stake in a Black Sea gas project while advancing a new exploration position in Turkey.
Aker BP starts up Symra field off Norway
Norwegian oil and gas producer Aker BP has started oil production from the Symra field in the North Sea nine months ahead of schedule.
Energy shock drives food price pressures in North Macedonia
Policymakers, businesses and households are bracing for potential spillover effects as higher energy costs begin to filter through the economy.
Jackdaw approval in sight in UK
The UK is set to approve Shell’s Jackdaw gas field, unlocking a major North Sea resource while exposing the tension between energy security needs and climate commitments.
Blackstone invests in Bulgarian solar developer Sunotec
German-Bulgarian solar photovoltaic developer Sunotec has secured a structured equity investment from funds managed by Blackstone’s Tactical Opportunities unit to support its expansion across Europe.
US lawmakers urge end to Cuba energy curbs after Havana visit
Two US lawmakers called for an end to restrictions on fuel supplies to Cuba after a five-day visit to Havana, warning that tightening curbs are worsening the island’s economic crisis
Cuba to boost power output with Russian fuel as floating plants add 124MW
Cuba said two floating power units will generate 124MW of electricity from mid-April following the arrival of Russian fuel shipments, as the island seeks to ease a deepening energy shortfall
Union leader says fuel supply steady despite war on Iran
Iran’s fuel supply network has continued to operate without disruption despite war and threats of further attacks, a union official said.
US strikes hit Kharg Island defences as Iran says oil exports intact
US forces struck military targets on Iran’s Kharg Island, as Iranian sources insisted the country’s main oil export hub remained fully operational despite heavy bombardment.
Follow us online