Latest Stories
UK opens bribery trial against former Nigerian oil minister Alison-Madueke
The United Kingdom has opened a bribery trial against former Nigerian petroleum minister Diezani Alison-Madueke, accused of accepting cash and luxury benefits in exchange for awarding oil and gas contracts
Western oil producers may face $4bn in fines after losing Kazakh Karachaganak arbitration case
An international consortium developing Kazakhstan’s Karachaganak oilfield has reportedly lost an arbitration case brought by the Kazakh government, a ruling that could leave the partners facing compensation payments of up to $4bn.
Kazakh energy minister dismisses reports of talks on acquisition of Russian Lukoil’s assets in Kazakhstan
Kazakhstan’s Energy Minister Yerlan Akkenzhenov said on January 26 that Kazakhstan’s government is not engaged in discussions with Russia’s Lukoil over the acquisition of the company’s assets in the country, dismissing earlier reports.
Kazakhstan’s oil exports regain capacity after CPC mooring point returns to service and Tengiz resumes production
Kazakhstan’s main oil export route via the Russian Black Sea coast has regained some capacity. The Caspian Pipeline Consortium (CPC) has been reported as saying that one of its offshore loading facilities has returned to service.
Hungary to challenge EU ban on Russian gas imports at European Court
Hungarian government claims the EU used a "legal trick" to pass the regulation for phasing out Russian gas purchases
NMDC begins coal mining as India pushes energy security
The new foray marks NMDC’s formal entry into coal mining and broadening its footprint in eastern India
Romania's leading EPC contractor ENEVO plans to nearly triple turnover to €350mn this year
ENEVO Group, Romania’s largest EPC contractor for renewable energy and cybersecurity projects, targets a turnover of €350mn this year, almost two and a half times higher than in 2025.
Japan’s Chubu Electric faces scrutiny as nuclear fraud probe begins
Japan’s atomic regulator initiated a physical audit of Chubu Electric Power’s main offices. This investigation follows revelations of data manipulation involving earthquake risk assessments at the Hamaoka nuclear facility in Shizuoka.
Oman to host new wind turbine manufacturing facility in Duqm
Cuba turns to African fuel shipments as Venezuelan oil supplies fade
Cuba has begun sourcing fuel from Africa as traditional oil supplies from Venezuela decline sharply, deepening pressure on the island’s power system, according to satellite-tracking data
Qatar Energy secures long term helium deal with Air Liquide
Dubai leads regional dialogue on sustainable artificial intelligence
The Zayed International Foundation for the Environment, with support from Dubai Police and Curtin University Dubai, hosted its first green AI conference on January 24-25.
South Korea reaffirms commitment to dual reactor expansion
The South Korea administration has reaffirmed its intention to establish two massive nuclear power facilities by 2038.
Pakistan, Malaysia explore halal food, green energy and tourism cooperation
Pakistan and Malaysia have held fresh discussions on expanding cooperation in halal food, green energy and tourism as both sides seek to deepen bilateral ties
Bangladesh’s power gamble and how energy security is in play at the ballot box
Over the past decade, Bangladesh’s energy mix has shifted sharply as domestic gas fields have declined and electricity demand has surged. Imported LNG stepped in to fill the gap.
EU reaches first sustainable investment pact in Latin America with Ecuador
The European Union and Ecuador have concluded a Sustainable Investment Facilitation Agreement aimed at easing conditions for foreign investors and promoting environmentally and socially responsible projects, marking the bloc’s first such
India’s LNG buyers stall long-term deals as they press for lower prices
India’s liquefied natural gas buyers are delaying the finalisation of multi-decade supply agreements as they seek cheaper pricing and more flexible terms, betting that a looming surge in global supply will strengthen their negotiating position
Baker Hughes sees Venezuela upside but ties expansion to legal clarity
Baker Hughes said Venezuela could become a meaningful source of revenue, though any scale-up would hinge on firm guarantees around security, workforce protection and a clearly defined legal and regulatory environment
Former presidential candidate warns Venezuela reset may stop at oil deal
Henrique Capriles Radonski has re-emerged as a key voice in Venezuelan politics after taking a seat in the new National Assembly following the removal of Nicolás Maduro
Delcy Rodríguez backs hydrocarbons law reform to drive growth for Venezuela
Venezuela’s proposed reform of its Organic Hydrocarbons Law will underpin economic growth while safeguarding state ownership of the country’s energy resources, acting president Delcy Rodríguez said
SLB signals Venezuela expansion as clients eye return
SLB is preparing to scale up activity in Venezuela and is fielding approaches from customers weighing a return to the country, according to comments from Chief Executive Officer Olivier Le Peuch
US policy shift clouds court-ordered sale of Venezuela-owned Citgo
Efforts by the United States to exert greater control over Venezuela’s oil sector are complicating the court-mandated auction of Citgo, the US refiner owned by the South American country’s state oil group
US naphtha deliveries mark early step in Venezuela’s heavy oil restart
US-sourced naphtha has begun arriving in Venezuelan waters, a concrete early move toward reviving the country’s long-impaired heavy crude production
US explores rapid oil revival plan for Venezuela with Chevron and service giants
The US is holding talks with Chevron Corp. and leading oilfield service providers on a pared-down strategy to lift Venezuelan crude output quickly, sidestepping the enormous capital required for a full industry overhaul
Follow us online