Latest Stories

US overtakes Qatar as India’s largest LNG supplier amid Middle East disruptions

India has sharply diversified its liquefied natural gas (LNG) sourcing following supply disruptions linked to the Middle East crisis and tensions around the Strait of Hormuz, with the US emerging as the country’s largest supplier.

Polish government plans to break Orlen-Synthos deadlock in SMR venture by bringing in state development fund

Energy minister Miłosz Motyka confirmed on August 10 that the state-run Polish Development Fund (PFR) would take up a stake in Orlen Synthos Green Energy (OSGE) before the end of 2026.

India expands smart grid push with 198mn consumers covered under RDSS

India’s power distribution modernisation programme has moved to a wider digital footing, with the government sanctioning smart metering projects covering 197.9mn electricity consumers under its Revamped Distribution Sector Scheme (RDSS).

Polish power grid ready for solar eclipse due on August 12, impact expected on PV generation

Poland's national power system is well equipped to withstand the effects of a solar eclipse due on August 12 that will temporarily affect photovoltaic energy generation, the Polish Power Grid (PSE) said on August 10.

Cuba receives 5,000 solar systems from China as energy crisis deepens

Cuba received a donation of 5,000 photovoltaic systems from China as the island seeks to expand renewable generation amid prolonged power shortages

Cuba eases renewable-energy taxes as power crisis deepens

Cuba approved new tax and customs measures to encourage renewable-energy investment as the island faces prolonged electricity shortages and repeated nationwide blackouts

Brazil’s Petrobras eyes earlier P-80 oil start

Petrobras is seeking to bring forward the start of oil production from its P-80 platform at the Búzios field to the first quarter of 2027, from the second quarter currently planned.

Israel's Ratio raises bid for Egypt-Vietnam-focused Pharos oil player, outplaying Serica

Israel’s Ratio Petroleum has raised its all-cash offer for London-listed Pharos Energy to £146.4mn ($198mn) after a rival approach from Serica Energy, narrowly topping Serica's bid and winning back the backing of the Pharos board.

Iraq plans new oil pipeline routes to Fishkhabur and Baniyas

Iraq's Oil Ministry said on August 10 it plans to establish a new pipeline network with two routes to Fishkhabur and Baniyas, as part of efforts to develop oil transport infrastructure and diversify crude export outlets.

SLB to stimulate oil reservoirs for Norway's Equinor

The agreement will provide Equinor with dedicated offshore stimulation capacity to support the development of tight reservoirs and maximise recovery from future wells.

UK's Noble scores major oil drilling contract off Norway with ConocoPhillips

The contract is due to start in the third quarter of 2027. Noble did not disclose its value.

Russia strikes back

Kazakhstan redirects crude flows amid repeated CPC drone strikes

Kazakhstan redirected part of its crude oil exports to alternative routes in July after a series of disruptions to the Caspian Pipeline Consortium.

Trump administration pressures Florida oil donor to exit Venezuela

The Trump administration is moving to force Florida oil executive and Republican donor Harry Sargeant III to unwind his investments in Venezuela, freezing assets tied to his offshore company while allowing him to sell his interest

Venezuela crude output rises 11% from year earlier, PDVSA data show

Venezuela’s crude production climbed 11% from a year earlier to 1.221mn barrels per day (bpd) in July, although output fell 3% from June, according to figures from state oil company PDVSA

IntelliNews Lambda: Europe's gas storage hurts German, Netherlands the most, the rest of EU not so much

Underground gas storage facilities across the European Union are 57.9% full - the lowest level ever recorded for early August since comparable data began around 2009-11 - leaving Europe with a badly depleted buffer heading into winter, RBC...

Malta receives four proposals for North Africa renewable power link

Malta has received four proposals for a planned renewable electricity link with North Africa, as the Mediterranean island explores importing large-scale renewable power to diversify its energy supply.

US rebuilds Strategic Petroleum Reserve through oil loans as SPR hits 43-year low

The International Energy Agency coordinated a release of 426mn barrels from its 32 member countries' emergency reserves — 301mn barrels of crude and 125mn of refined products — as the Iran war and the effective closure of the...

China launches Arctic 'Ice Silk Road' container route to dodge Red Sea chokepoint

Chinese container line Sea Legend has launched a weekly Arctic shipping service between China and the UK, branded the "Ice Silk Road," as shippers increasingly look to bypass Red Sea chokepoints threatened by Houthi attacks.

Turkey's first offshore wind tender could reshape its renewables mix, GlobalData says

Turkey's first offshore wind tender could reshape its power mix, GlobalData says, though the analytics firm expects only around 1.3GW of the government's 5GW 2035 target to actually be built.

Israel's Nofar Energy to acquire solar energy company Highlight

Nofar Energy is in advanced talks to acquire Israeli solar energy company Highlight at a valuation of $27mn-41mn.

Kenya Pipeline Company asks court to dismiss $84mn claim by Lebanese contractor Zakhem

KPC has asked the High Court of Kenya to dismiss an $84.12mn claim by Zakhem International Construction over delays to the Mombasa-Nairobi fuel pipeline project, arguing that earlier proceedings and agreements resolved the dispute.

Nigeria's Geregu Power defaults on $29.44mn bond payments as output falls

Nigeria's Geregu Power Plc (NGX:GEREGU) has defaulted on coupon and principal payments on its own $29.44mn Series 1 Senior Unsecured Bond as a turbine maintenance programme weighs on electricity generation and cash flow

Nigeria faces EITI review over extractive sector reforms

Nigeria is undergoing a new Extractive Industries Transparency Initiative (EITI) assessment as international validators examine progress in transparency and accountability across the country’s oil, gas and mining sectors.

Oman steps up efforts to contain oil slick off Dhofar coast

Oman has stepped up efforts to contain an oil spill from the grounded vessel Caroline Bezengi off the Hallaniyat Islands in Dhofar, the Oman Daily Observer reported on August 10.