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Putin strengthens food supply ties with Egypt, proposes grain and energy hub
Russian President Vladimir Putin has instructed his government to work on securing food supplies to Egypt, particularly grain shipments, as part of efforts to strengthen strategic ties between the two countries.
Cheniere achieves substantial completion on Train 5 of Corpus Christi LNG Stage 3
Leading US LNG producer Cheniere Energy has achieved substantial completion on Train 5 of the Corpus Christi Liquefaction Stage 3 expansion project.
Stellantis launches solar park in Argentina with $100mn investment plan
Stellantis Argentina and renewable energy firm 360Energy have launched a solar power park in the province of Córdoba as part of a joint $100mn investment plan initiated in 2024, the companies said, aiming to supply clean energy to the automaker.
Bolivia reshuffles YPFB leadership as fuel crisis forces sector overhaul
Bolivia has replaced the head of its state energy firm and unveiled a series of emergency measures aimed at restoring confidence in fuel supply, following weeks of disruption linked to contaminated petrol and mounting social pressure.
Bolivia suspends Vitol, Trafigura fuel deals as smuggling probe deepens supply concerns
Bolivia has halted fuel supply contracts with global traders Vitol and Trafigura as authorities intensify an investigation into a cross-border network accused of distributing contaminated petrol, raising fresh concerns over energy security.
YPF shares jump nearly 7% after favourable US court ruling
Shares of Argentina’s state-controlled oil company YPF have risen nearly 7% since a US appeals court ruled in favour of the Argentine state and the company in a long-running legal dispute over its 2012 nationalisation, market data showed.
US gasoline prices rise above $4 per gallon
Average gasoline prices in the US rose above $4 per gallon ($1.06 per litre) this week.
Renaissance Africa Energy reports increased gas output
Renaissance Africa Energy Company Nigeria Ltd has reported gas production of 2.2bcf and raised its output target to 3bcf by 2030, citing regulatory support and operational expansion
Chevron backs Aseng gas project to extend Equatorial Guinea LNG exports
Chevron (NYSE:CVX) has approved the Aseng Gas Monetisation Project in Equatorial Guinea, advancing a development aimed at sustaining the country’s LNG exports into the mid-2030s, subject to final regulatory approval
Tanzania petrol prices jump 33% as regulator warns on bus fare hikes
Tanzania’s fuel prices surged more than 30% in April, prompting regulators to warn against fare hikes as higher transport and logistics costs threaten to feed into inflation across the economy.
IFC backs Malaysia semiconductor materials plant with $125mn loan
The International Finance Corporation is to provide a loan of up to $125mn to OCI TerraSus, a subsidiary of OCI Holdings, to support the development of a semiconductor-grade polysilicon manufacturing facility.
Vietnam upgrades 500kV Pho Noi substation capacity
Vietnam Electricity National Power Transmission Corporation, a subsidiary of Vietnam Electricity, has energised the upgraded 500kV Pho Noi substation in Hung Yen province.
Nigeria exports 950,000 barrels of new Cawthorne blend crude in first lifting from FSO terminal
Nigerian National Petroleum Company Limited has exported 950,000 barrels of a new Cawthorne blend crude, marking the first lifting from the FSO Cawthorne facility — Nigeria’s first new crude oil terminal in 50 years.
Ethiopia secures $13.1bn in deals led by $10bn Ming Yang investment into green ammonia project
Ethiopia has signed investment agreements and MoUs worth $13.1bn, including a $10bn planned investment by a Chinese company in green ammonia production and electrical equipment manufacturing projects.
Slovak refiner turns to Guyana and Latin America for crude as Hormuz closure cuts off Middle East supply
Pemex production rises for third straight month as oil price surge opens export opportunity
Mexico's public investment falls 44.9% in worst drop on record as Pemex spending collapses
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.
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