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Iraq’s Basra Gas launches solar power systems at eight schools

Spain says no pressure on Repsol over Venezuela investment despite Maduro ouster

Spain's foreign minister said on January 12 the government would not pressure energy company Repsol over its plans to increase investment in Venezuela, despite the complex situation following the capture of President Nicolas Maduro.

GCC plans to extend electricity links to Jordan, Iraq and Egypt

Ongoing projects aim to link the power grid of the Gulf Cooperation Council with neighbouring countries, including Jordan, Iraq and Egypt, with longer-term ambitions to extend interconnection across the Middle East and North Africa.

Nigeria’s average daily crude and condensate output reached 1.64mn bpd in first 11 months of 2025

Nigeria produced an average of 1.64mn barrels per day (mn bpd) of crude oil and condensates over the first eleven months of 2025, reflecting ongoing operational difficulties despite tentative signs of stabilisation in the upstream sector

Guyana's oil production to exceed 1mn barrels per day once Uaru gets underway

Guyana is advancing its Uaru offshore development to push national oil production decisively past 1mn barrels per day, deepening extraction in the proven Stabroek Block rather than opening new frontiers.

European consortium plans green hydrogen plant in western Ukraine

A European consortium of energy companies plans to build a green hydrogen production plant in western Ukraine, targeting exports to the EU as the bloc looks to diversify energy supplies and accelerate its transition to cleaner fuels.

Mexican government's support of Pemex surges to historic $22.0bn

Transfers from the federal government to Petróleos Mexicanos (Pemex) continued increasing towards the end of 2025, far exceeding approved amounts for the year and surpassing spending in other areas including housing and environment

Mexican Maya crude faces competition as Venezuelan barrels re-enter market

Mexican Maya crude will likely face pressure from Venezuelan barrels as Mexico's export availability contracts and Venezuelan heavy crude re-emerges in Atlantic Basin trade, S&P Global reported, citing observers and analysts.

Offshore drilling activity stabilises in Mexico as Pemex clears contractor debts

The number of offshore oil rigs operating in Mexican waters stabilised at the end of 2025 following renewed payments to contractors by state oil company Pemex and tentative signs of increased activity by international oil companies

Akrake targets January production restart at Benin’s offshore oil field Sèmè

Akrake Petroleum expects to restart oil production at Benin’s offshore Sèmè field by late January after completing drilling on the AK-2H horizontal well, marking the country’s first offshore output in decades as Rex Int'l revives legacy assets.

Nigeria’s fuel imports fell 54% over two years as Dangote refinery reshaped market, CBN data show

Nigeria’s spending on refined fuel imports fell 54% to $6.71bn in the first nine months of 2025, according to Central Bank data, as subsidy removal and rising domestic refining – led by the Dangote refinery – begin to curb forex outflows.

US moves in Venezuela are being felt half a world away in Asia

Venezuela itself has long occupied an unusual position in Asian oil markets. Its crude is heavy, sulphur-rich and difficult to process, yet it has found a natural home among a small subset of Asian refiners willing to adapt for the right price.

Nigerian DisCos lose $31.17mn to inefficiencies in October 2025

Nigeria’s electricity distribution companies lost NGN44.27bn ($31.17mn) in October 2025 due to billing and revenue collection inefficiencies, according to data published by the Nigerian Electricity Regulatory Commission

Nigeria's Dangote Refinery halts petrol imports as supply stabilises, marketers say

Petrol imports into Nigeria have ceased as domestic supply from the Dangote Refinery is now meeting demand, oil marketers said.

ReconAfrica’s board moves to deter hostile bids as Namibia exploration continues

Reconnaissance Energy Africa has adopted a shareholder rights plan designed to give its board time to assess any unsolicited takeover bids, as the Namibia-focused explorer prepares for shareholder ratification at its February 2026 AGM.

Coastal Bend LNG selects KBR for engineering contract

Houston-headquartered engineering firm KBR has been granted the front-end engineering design contract for the Coastal Bend LNG plant.

Equinor selects Aibel for maintenance of Hammerfest LNG plant

A $2bn contract for maintenance and modifications is intended to reduce the facility’s offline time.

SOFAZ forecasts 12.7% drop in profit oil and gas revenues in 2026 amid lower output and prices

Singaporean oil inventories head south

Singapore’s onshore oil inventories retreated across all major product categories in the latest weekly data, led by a pronounced draw in fuel oil that pushed stockpiles to their lowest level in three weeks.

Indonesia completes $7.4bn Balikpapan refinery upgrade to strengthen energy security

NuEnergy secures full funding deal to advance Indonesia’s first commercial CBM project

With Indonesia’s first commercial coal bed methane (CBM) gas delivery only months away, NuEnergy Gas has agreed with PT Beijing Energy Linking (PT BJEL) to finance and build its flagship Tanjung Enim project

Indonesia advances nuclear power plans to support energy transition and emissions cuts

The Indonesian government is pressing ahead with plans to develop nuclear power plants as part of its long-term energy transition agenda, driven by rising concerns over energy security and the need to curb carbon emissions

Indonesia's Prabowo signals imminent start of $6bn downstreaming drive

President Prabowo Subianto has announced that a series of downstreaming projects worth around $6bn will begin construction within the coming weeks

Renewable energy leads Colombia FDI with 15% share in 2025

Renewable energy concentrated 15% of foreign direct investment projects in Colombia during 2025, leading sectoral composition as ProColombia facilitated 178 initiatives projected to create over 48,800 jobs across 20 departments

Japanese bullet train recycling initiative targets carbon neutrality

Central Japan Railway Co. has developed a proprietary technique to repurpose decommissioned Tokaido Shinkansen carriages.