Latest Stories

Iran begins charging vessels to transit Strait of Hormuz through IRGC-controlled 'safe corridor'

20 March 2026

Iran begins charging up to $2mn per vessel for passage through a new IRGC-controlled "safe corridor" in the Strait of Hormuz, with India, China, Pakistan and Iraq among countries negotiating access.

Iran’s permits-for-passage through Hormuz system is developing fast

20 March 2026

Iran has begun extracting payments of up to $2mn per tanker for passage through the Strait of Hormuz, as the informal permits-for-passage system allowing only tankers from “friendly countries” through develops quickly.

Bolivia taps Brazil as energy lifeline as Paz pitches investor overhaul to Petrobras

20 March 2026

Bolivia is seeking to reposition Brazil as a cornerstone economic partner as it attempts to reverse declining hydrocarbon output and attract fresh investment into its struggling energy sector.

Pan American Energy ramps up Vaca Muerta output and advances LNG export project

20 March 2026

Pan American Energy (PAE) plans to significantly increase oil and gas production in Argentina in 2026, backed by annual investments averaging $1.6bn, as the company expands operations in the Vaca Muerta shale formation.

South Africa study backs 5–10GWh battery gigafactory amid rising BESS demand

20 March 2026

A feasibility study by South Africa’s Localisation Support Fund finds strong demand for battery storage could support a 5–10GWh gigafactory, with locally produced lithium iron phosphate cells potentially competitive against imports.

Tunisia secures Japan-backed financing for 130MW solar project

20 March 2026

Japan will finance a 130MW solar project in Tunisia under its Joint Crediting Mechanism, supporting renewable capacity expansion while generating carbon credits, with participation from Marubeni and Voltalia.

World Bank debars PwC units in Kenya, Rwanda and Mauritius over Ethiopia power project

20 March 2026

The World Bank Group has imposed a 21-month debarment with conditional release on three PricewaterhouseCoopers entities in Africa over collusive and fraudulent practices linked to an electricity integration project between Ethiopia and Kenya

New wind plant drives 4,060% surge in Azerbaijan's wind generation, but overall electricity output falls

20 March 2026

Azerbaijan's wind power generation reached 141.6mn kWh in January-February 2026, a 4,060% increase year-on-year, driven by the commissioning of the country's largest wind plant at the start of the reporting period.

India eyes Sri Lanka power link

20 March 2026

India is exploring regional electricity grid connectivity, including a potential transmission link with Sri Lanka, as part of efforts to deepen cross-border power trade.

Colombia solar overtakes coal in annual power generation for the first time

20 March 2026

Colombia passed a landmark in its energy transition in 2025 as solar power surpassed coal in annual electricity generation for the first time, the Unidad de Planeación Minero Energética (UPME) reported

Suzuki expands India output with new EV line

20 March 2026

The new production line, currently under construction and scheduled for completion between July and September, will be dedicated to electric vehicles.

Philippines weighs expanded subsidies as oil prices add pressure

20 March 2026

Marcos also said the administration is seeking to diversify energy sources beyond traditional suppliers in the Middle East.

Malaysia emerges as regional energy and stock haven as Iran war drags on

20 March 2026

Malaysia has emerged as one of Southeast Asia’s top-performing markets as the war in Iran drives energy prices higher and pushes global investors towards economies better positioned to weather volatility.

Colombia oil output slips 3% in January as gas hits record low and imports surge

20 March 2026

Colombia's crude oil production dropped 3% year-on-year to 746,400 barrels per day in January 2026, down from 769,800 b/d in the same month of 2025, and fell 0.1% — equivalent to 7,000 fewer barrels — against December 2025

Boss Energy upgrades uranium resources at Honeymoon satellites in Australia

20 March 2026

Boss Energy has reported updated mineral resource estimates for two satellite uranium deposits near its Honeymoon operation in South Australia, indicating a rise in total contained uranium from earlier assessments.

South Korea’s KHNP appoints new president

20 March 2026

The appointment brings an end to a period of interim leadership at KHNP, which had been operating under an acting president system led by executive vice-president Jeon Dae-uk since the resignation of the former president.

Indonesia, US sign lithium extraction deal to boost EV supply chain

20 March 2026

Indonesia and the United States have signed a cooperation agreement to extract lithium from geothermal brine, marking a step to strengthen global electric vehicle supply chains.

Shares in Polish coal producer JSW surge on state financing pledge

20 March 2026

The Polish government has started working on legislative measures that will enable more systematic financing for the hard coking coal producer JSW, State Assets Minister Wojciech Balczun announced.

RenewSys expands capacity with new Maharashtra solar plant

20 March 2026

With the addition of the Khopoli plant, RenewSys has increased its total solar module manufacturing capacity to 5.6 GW, strengthening its position in India’s domestic solar supply chain.

QatarEnergy warns of potential force majeure on Korean LNG contracts

20 March 2026

QatarEnergy may be forced to declare force majeure on long-term LNG contracts with several countries, including South Korea, as supply disruptions persist, according to a report citing the company’s chief executive.