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India, UK constitute offshore wind taskforce

Mongolia’s coal and lignite exports calculated as higher by 73.5% y/y in January

Mongolia’s coal and lignite exports surged 73.5% y/y to 10.12mn tonnes in January, Mysteel Global has calculated based on data from Mongolia's Customs General Administration.

US-controlled Venezuelan oil sales could top $10bn a year, Wright says

Wright said about $1bn in oil has already been sold, with contracts in place to market an additional $5bn in the coming months

Venezuela’s oil reset spurs cautious optimism under Washington’s watch

Any recovery, however, is set to advance slowly and on Washington’s terms. Analysts say the US is likely to oversee as much as 70% of Venezuela’s oil-related cash flow, closely tracking how revenues move through the economy

Venezuela bond prices signal uneven recovery ahead of restructuring

A report from Bank of America says the focus is shifting from the overall recovery value to how losses and gains are apportioned among bondholders, depending on legal terms, litigation risks and, above all, unpaid interest

Venezuela reclaims fifth spot among US crude suppliers

Shipments averaged 153,000 barrels per day (bpd), down 13% from the previous week but still sufficient to overtake rival suppliers and restore the country’s ranking among Washington’s key energy partners

ADB backs Thai solar and storage scheme with $350mn in financing

The two hybrid solar-plus-storage facilities will have a combined contracted capacity of 126MW and 151MWh of battery energy storage.

Thai firms develop hotels at fuel hubs

PTT Oil and Retail Business Public Company Limited (OR) and Central Plaza Hotel Public Company Limited (Centel), both listed on the Thai stock exchange, have unveiled plans to establish a joint venture aimed at developing and operating budget hotels

Russian coal exports to India jump 63% in January

Russian coking coal supplies recover in India and China amid disruptions in Indonesian exports

Montenegro grants environmental permit for €200mn Bijela wind farm

COMMENT: US strike on Iran is all but inevitable with Trump backed into a corner

As the Iranians continue to make military threats while blocking off the crucial oil transit point of the Strait of Hormuz, it appears that US President Donald Trump will inevitably launch an attack on Iran.

Finnish firm to advise Estonia on nuclear power plant development

SiS strengthens renewable supply chain in Thailand

As Thailand accelerates its shift towards cleaner energy, SiS Distribution (Thailand) Public Company Limited has strengthened its renewable energy operations with the opening of two Solar Distribution Centres in Ubon Ratchathani and Khon Kaen

Turkey’s TPAO, Shell sign deal to explore in Bulgaria’s Black Sea zone

Turkish Petroleum Corporation (TPAO) has signed a partnership agreement with Shell to explore oil and natural gas deposits in Bulgaria’s exclusive economic zone in the Black Sea.

Oil prices surge as Iran closes down Strait of Hormuz, threatening US imports

Brent crude oil prices spiked from $66.54 per barrel to $69.23 after Iran partially shut down the Strait of Hormuz during naval drills conducted on February 18.

Canadian minnow Condor Energies discovers previously missed natural gas reservoir at Uzbek legacy field

Canadian minnow Condor Energies (TSX: CDR) has discovered a previously missed natural gas reservoir at a legacy field in Uzbekistan.

Shell steps up to steady Brazil’s Raízen

Shell has agreed to inject more capital into its joint venture Raízen, easing its earlier stance of matching contributions with partner Cosan.

Australian orders halt to gas exports from Wandoo field after oil spill

Australia’s offshore regulator has ordered a halt to gas exports from the Wandoo field off Western Australia after an oil spill last year, citing what it described as “systemic failures” by the operator.

Japan's Inpex predicts 75% surge in LNG demand by 2035

Japan’s Inpex expects global demand for LNG to rise by about 75% to roughly 700mn tonnes per year by 2035.

Santos to slash global workforce by 10%

Argentine LNG emerges as next frontier in hydrocarbon sector boom

Following the sealing of a joint agreement for the Argentina LNG project, it appears that LNG is emerging as the next frontier of the South American country's hydrocarbon sector boom.

Chevron, HELLENiQ sign deal to hunt for gas offshore Greece

A consortium led by US oil major Chevron has signed exclusive lease agreements with Greece to explore for natural gas offshore southern Greece.

Repsol receives first Venezuelan crude shipment since Maduro’s fall

Spain’s Repsol received its first cargo of Venezuelan crude since the removal of former president Nicolás Maduro, as the tanker Folegandros docked at the Port of Bilbao.

European Parliament approves 90% emissions cut target for 2040

The European Parliament last week approved amendments to the EU Climate Law that would require the bloc to cut greenhouse gas emissions by 90% by 2040 compared with 1990 levels.

Norway to see dip in oil, gas investment in 2026

Norwegian oil and gas investment is set to fall this year and next as a wave of major field developments reaches completion and fewer new projects enter the pipeline.