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India targets 1.31bn tonnes of coal output in FY27

India has set a coal production target of 1.31bn tonnes for the financial year 2026–27 as it steps up efforts to curb import dependence amid steadily rising energy demand

Finnfund backs Indian green lender with $12mn loan

Finnfund has agreed to provide a $12mn senior secured loan to Mufin Green Finance, an Indian non-banking financial company focused on financing low-carbon and income-generating assets.

Finnfund backs Transvolt in India’s heavy EV push

Finnfund has agreed to invest $15mn in Transvolt Mobility, strengthening efforts to electrify heavy commercial transport in India as the country accelerates its shift towards cleaner mobility.

Sri Lanka’s solar curtailment costs grid 4mn units of power a day

Sri Lanka’s national grid is losing an estimated 4mn units of electricity each day due to the continued disconnection of solar power plants, highlighting mounting strains in the country’s renewable energy sector

India's Reliance to resume sanctions-compliant Russian crude imports in February and March

India’s Reliance Industries(NSE: RELIANCE), operator of the world’s largest refining complex, is set to resume imports of sanctions-compliant Russian crude in February and March following a one-month hiatus

Colombia's Ecopetrol, Invemar expand caribbean ecosystem partnership

Colombia’s state-controlled oil producer Ecopetrol and the marine research institute Invemar have signed a new cooperation agreement to deepen scientific research and conservation efforts across marine and coastal ecosystems

Indonesia moves to open battery precursor plant at Setangga SEZ

Indonesia has taken another step in its mineral downstreaming agenda with the inauguration of a battery precursor materials facility operated by PT Anugerah Barokah Energi Baru at the Setangga Special Economic Zone in Tanah Bumbu

Rice straw seen as lever in Viet Nam’s net-zero drive

Much of this biomass is still burned or poorly handled, contributing to air pollution, soil degradation, biodiversity loss and higher emissions.

Venezuelan crude re-emerges in Caribbean as US reshapes oil trade

Ship-tracking data show that two vessels unloaded about 2.5mn barrels of Merey crude over a recent weekend into storage facilities in Saint Lucia and Curaçao, which are being used as transit hubs for onward sales

Fitch warns Venezuela oil revival faces long road despite sanctions relief

The ratings agency said that even with the sale of stored crude and a potential easing of sanctions, production would struggle to rise much beyond 1mn barrels per day in the short term, with little impact on global supply

Lechería energy hub plan runs up against Venezuela’s infrastructure strains

The initiative, led by the mayor’s office in Urbaneja, draws on recent changes to the Hydrocarbons Law that open the door to greater private and overseas participation in the sector

Brazil’s Petrobras beats output targets

Petrobras said its oil production averaged 2.40mn barrels per day in 2025, surpassing the upper limit of the target set in its 2025–2029 business plan.

Russia says US yet to free crew from seized tanker in Atlantic

The US has yet to release two Russian sailors detained after American forces seized a Russian-flagged oil tanker in the North Atlantic this month, Russia’s foreign minister said

Portugal’s Galp doubles down on upstream in Brazil

Portugal’s Galp will prioritise expanding oil and gas output in Brazil and Namibia while considering a stock market listing of parts of its downstream business within two years, co-chief executive João Diogo Marques da Silva said.

Brazil’s Petrobras orders new gas fleet

Brazil’s state-controlled oil company Petrobras and its logistics arm Transpetro have signed contracts worth BRL2.8bn ($521mn) for the construction of gas carriers, barges and pushers.

Bulgaria takes 10% stake in Black Sea oil and gas exploration consortium

"The cheapest gas is our gas," energy minister says as Bulgaria acquires a 10% stake in the consortium exploring for oil and natural gas in the Han Asparuh offshore block.

Venezuela scraps fuel import taxes under Delcy Rodríguez decree

Venezuela’s government has waived value-added tax, import duties and customs regime fees on imports and domestic sales of hydrocarbon-derived fuels, extending relief to state-run, mixed-capital and private companies

Rio Tinto reports copper production surge at giant Oyu Tolgoi mine in Mongolia

Anglo-Australian mining giant Rio Tinto (ASX, NYSE, LON: RIO) has reported a surge in copper production at the underground expansion of its giant Oyu Tolgoi mine in Mongolia.

MOL shares hit seven-year high after Russia agrees to sell NIS stake

Shares of Hungarian oil and gas company MOL surged to their highest level since 2007 after Russia agreed to sell its majority stake in Serbia’s NIS to MOL.

Azerbaijan’s oil and gas investment falls 10.3% y/y as pipeline oil transport declines

Sanctioned Russian Lukoil sells 50% in Mexico’s Block 4 project

Sanctioned Russian oil major Lukoil continues divestment of foreign assets with the sale of Mexican Block 4 oil and gas project

Serbia plans first nuclear power capacity by 2042 – report

Serbia aims to bring its first 250 megawatts of nuclear power online by 2042, the World Nuclear Association (WNA) said in a report presented at the World Economic Forum in Davos.

Colombia continues to weigh Venezuelan gas imports as sanctions outlook shifts

Colombia’s state-owned energy company Ecopetrol is taking preliminary steps to assess the resumption of natural gas imports from Venezuela, anticipating potential easing of US sanctions

Egypt clears $5bn in oil partner arrears since June 2024, says PM

The Egyptian government has paid about $5bn in outstanding dues to foreign partners in its oil and gas sector since June 2024 under a previously announced repayment schedule

Russia and Iran to hold intergovernmental commission meeting in Tehran in February

Russia and Iran to hold 19th intergovernmental commission meeting in Tehran from February 16-18 as Moscow reaffirms commitment to strategic partnership despite regional challenges.