Latest Stories

Cuba expands renewable capacity despite chronic grid failures

9 January 2026

Cuba's Mayabeque Province implemented a comprehensive energy strategy in 2025 combining thermal plant rehabilitation, hydrocarbon production and renewable expansion despite persistent fuel shortages and US sanctions

Seplat Energy appoints new UK brokers amid investor surge

9 January 2026

Seplat Energy has appointed Canaccord Genuity Limited and Peel Hunt LLP as joint corporate brokers in the United Kingdom, joining Citigroup Global Markets Limited, as investor interest in the Nigerian oil and gas company continues to rise.

Massive methane plumes queer Trump’s Venezuelan oil fields revival plans

9 January 2026

Massive methane emissions from Venezuela’s decaying oil infrastructure are raising alarms among energy analysts and threatening to derail efforts by the Trump administration to restart heavy crude production.

Ukraine exports over 11mn cubic metres of biomethane to EU in debut year

9 January 2026

Ukraine exported more than 11.2mn cubic metres of biomethane to the EU in 2025 in the debut year of the business, UBN reported on January 9.

Nigerian billionaire Dangote withdraws petition against ex-NMDPRA chief as ICPC probes continue

9 January 2026

Aliko Dangote has withdrawn his petition against former Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Chief Executive Officer Ahmed Farouk

Oil prices rise for second day on Venezuela, Iran supply concerns

9 January 2026

Oil prices climbed for second consecutive day on January 10 with Brent rising 0.71% to $62.43 per barrel on Venezuela and Iran supply concerns, heading for third weekly gain.

Nigeria: Afreximbank provides $64mn facility to Levene Energy for Axxela stake

9 January 2026

Afreximbank has provided a $64mn acquisition finance facility to Levene to support its purchase of a 30% stake in Axxela Limited, marking the trader’s entry into Nigeria’s regulated midstream & downstream gas infrastructure market.

Brazil pushes aviation biofuel use

9 January 2026

Brazil plans to widen the use of sustainable aviation fuel across its air transport network in 2026, after commercial flights began regular refuelling with the fuel at Salvador airport, the Ministry of Ports and Airports said.

Nigeria’s oil regulators move to end overlaps as NUPRC, NMDPRA deepen coordination

9 January 2026

Nigeria’s oil regulators NUPRC (upstream) and NMDPRA (midstream/downstream) have agreed to bolster coordination to resolve regulatory overlaps, as part of efforts to improve governance, attract investment under the Petroleum Industry Act framework.

Mexico faces US scrutiny over oil shipments to Cuba

9 January 2026

US control of Venezuelan crude has focused attention on recurring hydrocarbon shipments to Cuba from Mexico, with the tanker Ocean Mariner departing Coatzacoalcos on January 6 carrying Mexican oil barrels to Havana, El País reported.

Japan fast-tracks green transition with record $780bn fiscal plan

9 January 2026

The Japanese administration has formally sanctioned a monumental draft budget of $780bn for the fiscal period commencing April 1 2026.

Kazakhstan’s two major oilfields see output reductions of up to 200,000 barrels a day after Black Sea terminal disruptions

9 January 2026

Disruptions at a major Black Sea export terminal reportedly resulted in output reductions of up to 200,000 barrels a day at two of Kazakhstan’s largest oilfields in December.

ACEN targets 2027 for completion of Philippines solar facility

9 January 2026

The Ayala-governed energy firm, ACEN Corp, intends to launch full commercial activities at its PHP26bn solar and storage site in Zambales by 2027.

Lack of chargers stalls Japan electric vehicle market

9 January 2026

New industry figures for January 8 reveal a modest uptick in demand, though structural challenges continue to impede a full-scale market breakthrough.

Shell inks 5-year supply deal with Petrovietnam

9 January 2026

The world’s largest LNG trader Shell has signed a five-year LNG supply agreement with Petrovietnam.

Afghanistan launches solar and grid projects to boost domestic power supply

9 January 2026

Afghanistan’s state-owned electricity utility has begun work on three power generation and transmission projects in Kabul, including a 34-MW solar plant at the Kabul Green Industrial Park

India's Reliance may resume Venezuelan crude purchases if non-US access opens

9 January 2026

India’s Reliance Industries Ltd, which operates the world’s largest refining complex, has indicated it may resume purchases of Venezuelan crude oil if sales to non-US buyers are formally permitted

Indonesia–Japan set to launch joint applied research projects in energy, digital and industry

9 January 2026

Indonesia and Japan are moving toward closer cooperation in applied research spanning renewable energy, digital technology, transportation, environmental solutions and industrial competitiveness

SMR commercialisation a step closer in China

9 January 2026

The Changjiang site already hosts two operating CNP600 pressurised water reactors, with two larger Hualong One units under construction and scheduled to enter service by the end of 2026.

Russia-bound oil tanker sailing Black Sea calls for Turkish coastal guard assistance after suspected drone hit

8 January 2026

A Russia-bound empty crude oil tanker sailing the Black Sea on January 8 reportedly called for assistance from the Turkish Coastal Guard after a suspected drone attack.

EU remains top buyer of Russian Arctic LNG despite 2027 phase-out pledge

8 January 2026

Russia’s Yamal LNG project continues to earn billions of euros from the EU, with new data revealing that more than three-quarters of the project’s liquefied natural gas exports in 2025 were delivered to EU terminals.

Laos launches 300MW wind project to supply renewable energy to Vietnam

8 January 2026

A 300-megawatt wind power project in Laos has officially entered operation, marking a significant step in cross-border renewable energy cooperation with Vietnam