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South Africa’s Mulilo to invest $885mn in 716MW solar and storage projects
Mulilo plans to invest ZAR15bn ($885mn) to build 716MW of solar and battery storage capacity in South Africa, targeting grid supply constraints and supporting the country’s shift towards private-sector renewable energy as power shortages persist.
A long Iran war will lead to severe shortages, says Oxford Economics
A sustained escalation of the US/Israel-Iran conflict could push global oil markets beyond a price shock into severe physical shortages, with rationing, supply chain disruption and recessionary pressures becoming increasingly likely.
Libya licensing round falls short amid legal and structural challenges
Libya’s latest oil and gas licensing round has delivered weaker-than-expected results, mainly due to persistent legal, fiscal and structural challenges facing the country’s energy sector.
US extends sanctions waiver for Russian oil transit via Kazakhstan to 2027
The US has reportedly extended a sanctions exemption allowing the transit of Russian oil to China through Kazakhstan until March 19, 2027.
Azerbaijan and Turkmenistan discuss energy, transport and logistics cooperation in Baku
Azerbaijan and Turkmenistan have held a series of high-level meetings in Baku focused on deepening bilateral economic and transport cooperation
Jurong Island’s output cut triggers $1.64 petrol spike in Australia
Singapore’s reclaimed oil refining region, the 32-square-kilometre Jurong Island, has become the primary driver of record-high petrol prices in Australia as Middle East supply shocks ripple through the Asia-Pacific energy corridor.
Taiwan aviation fuel fees jump 157% as crude climbs
A massive spike in international and domestic flight costs is imminent as aviation authorities respond to the escalating global energy crisis.
Sri Lanka lines up Russian fuel imports
Sri Lanka has finalised arrangements to import fuel from Russia, as authorities work to stabilise supplies amid elevated global energy prices.
Russia pledges continued Cuba oil supplies as sanctioned tanker docks at Matanzas with 730,000 barrels
The Russian-flagged tanker Anatoly Kolodkin docked at Cuba's port of Matanzas on March 31 carrying 730,000 barrels — equivalent to 100,000 tonnes — of crude oil, the first significant petroleum delivery to reach the island in over three months
India signs coal gasification project deal at Lakhanpur
India has taken a significant step in advancing its coal gasification roadmap with the signing of a land leasing agreement for a proposed coal-to-ammonium nitrate project at Lakhanpur in Odisha.
India signs green ammonia supply deals to support fertiliser transition
India has moved forward with its clean energy transition in the fertiliser sector through the exchange of green ammonia purchase and supply agreements between fertiliser companies and producers.
Pakistan, France discuss energy security, mining cooperation
Pakistan’s Federal Minister for Petroleum Ali Pervaiz Malik met France’s Ambassador to Pakistan, Nicolas Galey, to review the regional energy situation and explore opportunities for expanding bilateral cooperation in the energy and mining sectors.
Poland's Orlen to buy remaining stake in Grupa Azoty Polyolefins to reach 100% ownership
Orlen has signed a preliminary agreement with chemical firm Grupa Azoty to acquire the latter's stake in Grupa Azoty Polyolefins (GA Polyolefins), increasing its ownership to 100% from 17,3%, Orlen announced on April 1.
Russian gas supplies to Europe via TurkStream grow amid Hormuz crisis
The daily average Russian gas supply to Europe via the TurkStream pipeline expanded by 22% y/y in March to 55mn cubic metres (mcm), calculations have shown.
Turkey reportedly talking to Iran in bid to obtain Hormuz transit permission for 11 ships
Turkey is reportedly in contact with Iran to negotiate permission for 11 Turkish-owned ships to pass through the Strait of Hormuz amid the partial blocking of the chokepoint by Tehran in its conflict with Israel and the US.
Venezuela opens for business, but investors weigh promise against reality
Reforms to oil, mining and financial laws have accelerated since the fall of Maduro, but legal ambiguity, institutional weakness and unresolved questions over democracy are tempering enthusiasm among investors, Orinoco Research says.
EBRD considers $223.5mn financing for AMEA Power to complete Egypt battery storage projects
Summer maintenance to knock out Norwegian gas supply
Planned maintenance on Norway’s gas export infrastructure is set to curb flows to the UK and continental Europe this summer.
TotalEnergies, Repsol, complete their UK North Sea tie-up
France’s TotalEnergies and Spain’s Repsol have completed the merger of their UK North Sea upstream portfolios, creating a new joint venture, NEO NEXT+.
Power costs in Europe on the rise, but very unevenly distributed
Italy is taking the full brunt of the elevated prices due to shut down of gas exports from the Gulf. Power prices have surged from €137 in March last year to €160 per megawatt hour (MWh) as of April 1.
Rising fuel costs threaten Cambodia’s 2026 tourism recovery
Rising fuel costs and Middle East tensions cast uncertainty over Cambodia’s tourism recovery, though officials remain cautiously optimistic.
Myanmar shuts fuel stations over QR rule breaches
Myanmar has temporarily closed 17 fuel stations and warned dozens more for failing to follow mandatory QR code procedures
Nearly $72mn granted to Vietnam’s forest programme
Vietnam has secured almost $72mn in climate finance to reward past efforts in protecting its forests.
OMV Petrom reports second unsuccessful exploration well in Bulgaria’s Han Asparuh block
OMV Petrom has failed to identify commercially significant gas volumes at the Krum-1 exploration well in Bulgaria’s offshore Han Asparuh block.
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