Latest Stories

US extends Lukoil asset sale deadline

26 February 2026

The US Treasury Department has extended to April 1 the deadline for the sale of Russian oil giant Lukoil’s foreign assets, including major holdings in Bulgaria, Romania and Serbia.

EBRD expects 2026 moderation in Kazakhstan's growth reflecting lower oil prices

26 February 2026

Kazakhstan’s economic growth is expected to moderate from 2025’s 6.5% to 4.7% in 2026 and 4.5% in 2027, reflecting lower oil prices, according to projections in the latest Regional Economic Prospects report issued by the EBRD.

Uzbekistan launches oil, gas and minerals exploration in northern Afghanistan

26 February 2026

Uzbekistan has launched geological exploration at three oil and gas blocks in northern Afghanistan, the Uzbek Ministry of Mining and Geology has announced.

M.T. Abraham signs MOU for long-term US LNG supply to Bosnia

26 February 2026

Israeli-owned conglomerate M.T. Abraham Group signed a memorandum of understanding outlining plans for a long-term supply of US liquefied natural gas (LNG) to Bosnia & Herzegovina.

Mulilo reaches financial close on 150MW solar project in South Africa

26 February 2026

Mulilo has reached financial close on a 150MW solar project in South Africa, underscoring growing momentum in private PPAs and the country’s liberalising power market.

Cameroon opens oil and gas licensing round across Rio del Rey and Douala basins

26 February 2026

Cameroon has launched a new oil and gas licensing round offering nine blocks, aiming to attract upstream investment and stabilise production as mature fields decline.

Angola’s Sonangol continues IPO preparations despite Propriv exclusion

26 February 2026

Sonangol is continuing preparations for a potential IPO despite its removal from Angola’s privatisation programme, amid the government’s longer-term push to reform the oil sector and attract investment even as timelines slip.

Armenia’s nuclear choice carries heavy debt trade-offs, says GlobalSource

26 February 2026

Armenia’s prospective shift towards US-backed SMR technology could add as much as 30% of GDP to public debt in a worst-case scenario, GlobalSource Partners warns.

Brazil’s Rio trade surges despite tariff shock

26 February 2026

The state of Rio de Janeiro recorded $80.2bn in trade last year, up 9% from the previous period, industry group Firjan said, citing export growth that offset the impact of tariffs announced by Donald Trump.

Nigeria gas output dips as exports rise amid associated gas decline

26 February 2026

Nigeria’s gas production fell slightly in January 2026 as associated output declined, while exports rose sharply and domestic sales weakened, highlighting a shift toward export-driven gas monetisation.

Displaced communities in Uganda express concern over lacklustre support from EACOP

26 February 2026

A study released by the Africa Institute for Energy Governance (AFIEGO) this week has shown that many households displaced by the East African Crude Oil Pipeline (EACOP) project regard its Livelihood Restoration Programme (LRP) to be inadequate.

Egypt mulls backing 2,400MW Zimbabwe and Zambia's $5bn Batoka hydroelectric power plant project

26 February 2026

Egypt has expressed interest in participating in the construction of a 2,400-megawatt (MW) hydropower plant that Zimbabwe and Zambia plan to build at a point along a river which forms part of their border.

Speculation emerges over megamerger potential in Canada’s oil sands

26 February 2026

Speculation has emerged over the potential for a megamerger to take place in Canada’s oil sands.

Enerparc registers power trading arm in India

26 February 2026

Enerparc has launched a dedicated power trading subsidiary in India as part of a broader strategy to expand its presence in the country’s evolving electricity market.

Nigeria’s REA and Lotus Bank sign $74.18mn renewable energy credit deal

26 February 2026

The Rural Electrification Agency (REA) and Lotus Bank have announced a NGN100bn ($74.18mn) revolving credit facility to expand renewable energy access in Nigeria’s underserved rural communities.

Japan’s Mitsui secures 18-MW renewable deal with Nike Japan

26 February 2026

The contract covers 18 MW of generation capacity. This includes 3 MW from newly developed solar projects and a further 15 MW from recently established facilities.