Petronas and OQEP widen Oman offshore hunt

MEOG - Middle East Oil & Gas
By Newsbase analysts 14 November 2026
Oman has deepened its push into untapped offshore acreage, signing a joint study agreement with Malaysia's Petronas for Blocks 83 and 84
Plants making about 55% of Russia's petrol and diesel have been hit since Ukraine resumed refinery strikes on October 30, and an analyst warns private motoring may have to be all but stopped.

Russia's third fuel crisis could be its worst as Ukraine's drones hit refineries

FSUOGM - Former Soviet Union Oil & Gas
By Ben Aris in Berlin 14 November 2026
Ukrainian drones have hit refineries making about 55% of Russia's petrol and diesel, oil analyst Sergey Vakulenko estimated on November 13, as a third fuel crisis this year takes hold.
Fuel, turbine and currency costs have more than doubled the price of gas-fired power in Vietnam, while Taiwan's break with Papua New Guinea shows politics now steering Asian LNG trade.

Emerging Asia's LNG power play was failing long before the Iran war - IEEFA

AsiaElec - Asia Power
AsianOil - Asia Oil & Gas
GLNG - Global LNG
By Mark Buckton in New Taipei 13 November 2026
Emerging Asia's plan to run its power grids on imported gas was unravelling years before the Iran war shut the Strait of Hormuz, according to IEEFA.
At 2026 emission levels the budget for a 50% chance of holding warming to 1.5C runs out around 2030, and even the 2C budget is gone by 2051.

World has 3.5 years of emissions left before exhausting 1.5C carbon budget

REM - Renewable Energy
By Ben Aris in Berlin 13 November 2026
At this year's rate the world will use up its carbon budget for holding warming to 1.5C in 3.5 years, Our World in Data said on November 12.
More stories

What we offer

  • Market intelligence, insight & foresightdelivered directly to your email inbox
  • Expert contributorsincluding local & international journalists, industry analysts, economists & academics
  • The best editorial team in the businesswith over 20 years of knowledge and expert insight
  • Detailed and concise contentwithout any superfluous advertising

Our Customers

NewsBase ChinaOil is comprehensive and also keeps me informed of wider trends within China.  It gives me an edge when doing strategic planning and looking for business opportunities.  If you want to do business and grow in China’s upstream oil business, then this weekly digest gives the necessary insights.

Robin Simpson
Vice President Commercial & Business Development

NewsBase UOGM is concise and well focussed, giving me an accurate picture of the market in the one place

David Campagna
General Manager, Global Exploration

The value that NewsBase provides is excellent. I could pay more money to a different supplier and still not see the same level of information.

Without NewsBase I could have three or four suppliers and still not have the same depth of coverage.

Wayne Zemke
Market Intelligence Manager

AfrOil provides the most incisive and comprehensive coverage of the African oil and gas sector. AfrOil doesn’t just tell me what’s happening now, it tells me where the next hot spots will be, which is crucial for planning ahead. AfrOil is essential to my work and I would recommend it to anyone with an interest in oil and gas in Africa.

Elias Pungong
Partner Africa Oil & Gas Sector

I FOLLOW ALL NEWSBASE ISSUES WITH GREAT INTEREST.  They are current, in-depth, highly analytical but also fun to read.

Daniela Kissova
Policy Governmental & Public Affairs