Latest Stories

Chevron backs Aseng gas project to extend Equatorial Guinea LNG exports

2 April 2026

Chevron (NYSE:CVX) has approved the Aseng Gas Monetisation Project in Equatorial Guinea, advancing a development aimed at sustaining the country’s LNG exports into the mid-2030s, subject to final regulatory approval

Tanzania petrol prices jump 33% as regulator warns on bus fare hikes

2 April 2026

Tanzania’s fuel prices surged more than 30% in April, prompting regulators to warn against fare hikes as higher transport and logistics costs threaten to feed into inflation across the economy.

IFC backs Malaysia semiconductor materials plant with $125mn loan

2 April 2026

The International Finance Corporation is to provide a loan of up to $125mn to OCI TerraSus, a subsidiary of OCI Holdings, to support the development of a semiconductor-grade polysilicon manufacturing facility.

Vietnam upgrades 500kV Pho Noi substation capacity

2 April 2026

Vietnam Electricity National Power Transmission Corporation, a subsidiary of Vietnam Electricity, has energised the upgraded 500kV Pho Noi substation in Hung Yen province.

Nigeria exports 950,000 barrels of new Cawthorne blend crude in first lifting from FSO terminal

2 April 2026

Nigerian National Petroleum Company Limited has exported 950,000 barrels of a new Cawthorne blend crude, marking the first lifting from the FSO Cawthorne facility — Nigeria’s first new crude oil terminal in 50 years.

Ethiopia secures $13.1bn in deals led by $10bn Ming Yang investment into green ammonia project

2 April 2026

Ethiopia has signed investment agreements and MoUs worth $13.1bn, including a $10bn planned investment by a Chinese company in green ammonia production and electrical equipment manufacturing projects.

South Africa’s Mulilo to invest $885mn in 716MW solar and storage projects

2 April 2026

Mulilo plans to invest ZAR15bn ($885mn) to build 716MW of solar and battery storage capacity in South Africa, targeting grid supply constraints and supporting the country’s shift towards private-sector renewable energy as power shortages persist.

A long Iran war will lead to severe shortages, says Oxford Economics

2 April 2026

A sustained escalation of the US/Israel-Iran conflict could push global oil markets beyond a price shock into severe physical shortages, with rationing, supply chain disruption and recessionary pressures becoming increasingly likely.

Libya licensing round falls short amid legal and structural challenges

2 April 2026

Libya’s latest oil and gas licensing round has delivered weaker-than-expected results, mainly due to persistent legal, fiscal and structural challenges facing the country’s energy sector.

US extends sanctions waiver for Russian oil transit via Kazakhstan to 2027

2 April 2026

The US has reportedly extended a sanctions exemption allowing the transit of Russian oil to China through Kazakhstan until March 19, 2027.

Azerbaijan and Turkmenistan discuss energy, transport and logistics cooperation in Baku

2 April 2026

Azerbaijan and Turkmenistan have held a series of high-level meetings in Baku focused on deepening bilateral economic and transport cooperation

Jurong Island’s output cut triggers $1.64 petrol spike in Australia

2 April 2026

Singapore’s reclaimed oil refining region, the 32-square-kilometre Jurong Island, has become the primary driver of record-high petrol prices in Australia as Middle East supply shocks ripple through the Asia-Pacific energy corridor.

Taiwan aviation fuel fees jump 157% as crude climbs

2 April 2026

A massive spike in international and domestic flight costs is imminent as aviation authorities respond to the escalating global energy crisis.

Sri Lanka lines up Russian fuel imports

2 April 2026

Sri Lanka has finalised arrangements to import fuel from Russia, as authorities work to stabilise supplies amid elevated global energy prices.

Russia pledges continued Cuba oil supplies as sanctioned tanker docks at Matanzas with 730,000 barrels

2 April 2026

The Russian-flagged tanker Anatoly Kolodkin docked at Cuba's port of Matanzas on March 31 carrying 730,000 barrels — equivalent to 100,000 tonnes — of crude oil, the first significant petroleum delivery to reach the island in over three months

India signs coal gasification project deal at Lakhanpur

2 April 2026

India has taken a significant step in advancing its coal gasification roadmap with the signing of a land leasing agreement for a proposed coal-to-ammonium nitrate project at Lakhanpur in Odisha.

India signs green ammonia supply deals to support fertiliser transition

2 April 2026

India has moved forward with its clean energy transition in the fertiliser sector through the exchange of green ammonia purchase and supply agreements between fertiliser companies and producers.

Pakistan, France discuss energy security, mining cooperation

2 April 2026

Pakistan’s Federal Minister for Petroleum Ali Pervaiz Malik met France’s Ambassador to Pakistan, Nicolas Galey, to review the regional energy situation and explore opportunities for expanding bilateral cooperation in the energy and mining sectors.

Poland's Orlen to buy remaining stake in Grupa Azoty Polyolefins to reach 100% ownership

2 April 2026

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

2 April 2026

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.