Latest Stories
India sees record Russian oil dependence in June and July
India’s dependence on Russian crude reached record levels in June and July as disruption to Middle Eastern supplies pushed refiners back towards Russian barrels despite earlier pressure from Washington to reduce purchases.
Oil prices see modest decline on August 24 despite Washington's threat of new Iranian sanctions
Oil prices fell by around 2% on August 24 as traders took profits following two weeks of gains and awaited details of new US sanctions against Iran.
Norway vows to continue Arctic oil and gas exploration despite EU opposition
Norway intends to continue exploring for and producing oil and gas in the Barents Sea despite the EU’s push to restrict new hydrocarbon development in the Arctic, Energy Minister Terje Aasland has said.
Poland's Tusk defends alleged saboteurs of Nord Stream gas pipeline
Polish Prime Minister Donald Tusk has said Germany should not prosecute Ukrainians accused of sabotaging the Nord Stream gas pipelines, reiterating Warsaw’s longstanding view that the pipelines themselves posed a threat to European energy security.
Europe's gas prices reach five-month high
European natural gas prices rose to their highest level in five months on August 24, as concerns over winter supply and competition for LNG continued to support the market.
Putin claims Moscow had plans for second Polish gas route to Germany
Russian President Vladimir Putin has said Moscow opted to build a direct gas pipeline to Germany across the Baltic Sea after abandoning plans for a second transit route through Poland.
Russian court rejects dual Russian-German citizen's claim for unpaid Gazprom dividends and interest
A Russian court has rejected a claim by a dual Russian-German citizen seeking around RUB87.5mn ($1mn) in unpaid Gazprom dividends and interest, ruling that the payment could not be made outside Russia’s special regime for investors.
Russia envisages $417bn in Arctic investment over next decade
Up to RUB35 trillion of investment could be channelled into projects in Russia's Arctic over the next decade, with oil and gas developments, new shipping capacity and infrastructure among the main areas expected to attract capital.
BP cuts output at Azerbaijan's ACG oilfields amid maintenance
BP has temporarily reduced oil production at three platforms at Azerbaijan’s Azeri-Chirag-Gunashli field complex as it carries out an 11-day maintenance programme at Central Azeri.
Aker BP takes lead at two Norwegian oil discoveries
Aker BP has agreed two acquisitions covering the Losgann/Froskelår and Slagugle discoveries, strengthening its resource base around existing infrastructure in the North Sea and Norwegian Sea.
BTC oil supplies drop 8.6% in Jan-July
Oil shipments through the Baku-Tbilisi-Ceyhan pipeline fell by 8.6% year on year in the first seven months of 2026, according to Azerbaijan’s State Statistical Committee.
Atomic Eagle regains 60% of Niger’s Madaouela uranium project, will end arbitration
The agreement stands out against Niger’s broader push for greater state control over its uranium industry and gives Atomic Eagle a second advanced African uranium project alongside its flagship project in Zambia
Serbia’s sanctioned oil firm NIS seeks another US licence extension
NIS has asked the US Treasury’s sanctions office to extend a licence allowing it to operate.
Lukoil puts four Serbian petrol stations up for sale
Lukoil Serbia has put four petrol stations up for sale, including two in the southern city of Pirot, as the Russian oil major seeks to sell international assets amid US sanctions.
Georgia imports Kazakh oil for first time in July
Georgia imported crude oil from Kazakhstan for the first time in July, as the country’s Kulevi refinery begins replacing Russian feedstock ahead of incoming EU restrictions.
Horizon achieves fast launch at Thailand's Pad D Sinphuhorm gas project
Australian producer Horizon Oil has started gas production from the Pad D development at the Sinphuhorm field in northeast Thailand around 50 days ahead of schedule.
Poland's ORLEN strikes three-year oil deal with Norway's Equinor
Poland's ORLEN has signed a three-year crude supply agreement with Norway's Equinor that could cover up to one-quarter of the group's annual oil requirements, further cementing its shift away from Russian feedstock.
Mauritius' Bhunjun Group buys Engen's 37 fuel stations, launches local Fillin brand
Oil Terminal Ltd, a subsidiary of Mauritian conglomerate Bhunjun Group, has acquired all 37 Engen service stations in Mauritius and is rebranding the network as Fillin.
Ukraine maintains pressure on one of Russia's biggest refineries
Ukraine has struck TANECO again, keeping pressure on one of Russia’s biggest refineries.
Tajikistan seeks Iranian oil and fuel amid squeeze on Russian supply
There is no information on over what timeframe Dushanbe requests these supplies.
Esso brings drillship to Nigeria's Usan for $1bn infill campaign
Esso Exploration and Production Nigeria (Offshore East) Limited is preparing to begin drilling at the Usan Infill Project after the Noble Gerry de Souza ultra-deepwater drillship arrived in Nigerian waters
Galp, partners weighs further Namibia investment as Mopane appraisal advances
Portuguese energy group Galp says the next exploration and appraisal programme at Namibia’s Mopane oil discovery could cost about $811mn, as it and TotalEnergies work towards a potential final investment decision (FID) in 2028.
Venezuela’s idle drilling rigs draw interest as oil industry seeks to expand
Venezuela’s effort to increase crude production is beginning to draw investment towards dormant drilling equipment, with SLB and Formentera Partners working on plans to bring more rigs into operation or import additional units
Higher oil, gas revenues strengthen Oman’s fiscal performance in H1 2026
Higher oil and gas revenues provided the main boost to Oman’s fiscal performance in the first half of 2026, helping lift public revenues by 13% despite a 9% increase in government spending, the Ministry of Finance announced on August 23.
Greek group Corinth Pipeworks wins $250mn pipe contract at Mozambican gas project
Corinth Pipeworks has won a $200mn-$250mn contract to supply line pipe for Mozambique’s Rovuma LNG Phase 1 project, strengthening the Greek manufacturer’s position in the offshore energy infrastructure market.
Follow us online