Latest Stories
Balkan states sign US-backed deal to boost gas security
Twelve European countries signed a strategic agreement with the United States on February 24 to strengthen natural gas security and stabilise prices across Central and Eastern Europe.
QFZ and Qatar Foundation deepen climate cooperation
The Qatar Free Zones Authority (QFZ) has entered into a formal partnership with Qatar Foundation to create a structured platform for joint work on climate action and sustainable development across Qatar.
Moldova nearly exhausted its natural gas stocks to cover recent consumption peaks
Moldova’s state-owned energy trader Energocom has nearly exhausted the commercial natural gas stocks built up under the country’s legal storage obligation, ensuring coverage of recent peak consumption.
Petrobel brings new oil well into production in Egypt’s Sinai
Petrobel, a joint venture between the state-owned Egyptian General Petroleum Corporation (EGPC) and Italian oil major Eni, has brought the Balaim Offshore 133 well into production in the Sinai fields
Argentina's Neuquén province achieves oil output record
Neuquén province set a new oil production record in January 2026, reaching 610,715 barrels per day, the provincial government announced.
China approves Jiangnan for civil nuclear ship equipment
China’s nuclear regulator has granted Jiangnan Shipyard Co Ltd approval to manufacture and install key items of civil nuclear safety equipment.
Philippines sets out streamlined pathway for nuclear licensing
The new end-to-end framework was drawn up during a focus group discussion on harmonising nuclear power plant licensing.
Singapore unveils Southeast Asia’s first fully electric harbour tug
Backed by MPA’s Maritime Innovation and Technology (MINT) Fund, EON is the first electric tug purpose-designed for operations in Singapore’s port waters.
India raises investment cap to speed grid expansion
With these higher limits Powergrid is better positioned to bid on capital-heavy projects like ultra high voltage AC and high voltage DC corridors
South Korea used cars lift $72bn exports
Adani Power wins 558-MW Tamil Nadu supply contract
Adani Power said on February 24 that its subsidiary, Moxie Power Generation Ltd., has secured a Letter of Award from Tamil Nadu Power Distribution Corporation Limited for the supply of 558 MW (net) of electricity over a five-year term
Rubio heads to Caribbean talks as US sharpens focus on Cuba and Venezuela
The State Department said Rubio will underline Washington’s commitment to working with members of the Caribbean Community to bolster stability and prosperity across the hemisphere
Trinidad's NGC signals scope for better gas terms after Perenco supply deals
Chairman Gerald Ramdeen defended NGC’s earlier move to lift prices for light industrial customers to $5.30 per MMBtu from $3, saying previous tariffs were heavily subsidised and below the company’s acquisition costs
Colombia's Ecopetrol lifts proven reserves 2.7% to 1.944bn barrels, achieves 121% replacement despite $68.64 Brent
Ecopetrol reported proven oil, condensate and natural gas reserves of 1.944bn barrels of oil equivalent at end-2025, up 2.7% year-on-year, achieving a 121% reserves replacement ratio despite a 13.9% decline in Brent crude to $68.64 per barrel
Colombia lacks OFAC licence to import Venezuelan gas through Ecopetrol, minister says
Colombia's state oil company Ecopetrol cannot import natural gas from Venezuela because it lacks authorisation from the US Office of Foreign Assets Control, Energy Minister Edwin Palma said after visiting Caracas
India’s oil import reliance tops 88.5% in FY26, may hit new peak
India’s dependence on imported crude oil climbed to more than 88.5% during the first 10 months of FY26, underscoring the likelihood that full-year import reliance could scale a fresh high
India's January LNG imports rise 15%
India’s liquefied natural gas (LNG) imports rose to 2.808bn cubic metres (bcm) in January 2026, marking a 15.3% increase compared with the same month a year earlier
US intercepts third tanker in Indian Ocean over Venezuela oil sanctions
The Pentagon said US forces carried out a right-of-visit inspection and boarding of the tanker Bertha without incident in the area overseen by US Indo-Pacific Command
Venezuela’s oil sector recalibrates as licences ease pressure
State-owned PDVSA is running its main refineries — Amuay, Cardón, El Palito and Puerto La Cruz — at a combined throughput of about 450,000 barrels per day (bpd), roughly 35% of installed capacity
FT uncovers $90bn Russian oil network linked to Azeri businessmen and Rosneft
A smuggling network that has moved at least $90bn worth of Russian oil since the imposition of Western sanctions has been uncovered following what the Financial Times described as an IT error linking dozens of entities through a shared mail server.
Qatari Al Mana Group plans to build $15.6mn biodiesel plant in Egypt
Iran, Azerbaijan discuss co-operation on Caspian field
Iran and Azerbaijan plan to work together on the development of a hydrocarbon field in the Caspian Sea, signalling a potential thaw over the disputed reservoir.
Follow us online