Latest Stories
Libyan crude exports drop 2.5% in H1 2026 to 1.16mn bpd
Libya’s seaborne crude oil exports dropped by 2.5% during H1 2026
South Korea, Mongolia sign energy transition pact
Climate, Energy and Environment Minister Kim Sung-whan and Mongolian counterpart Badrakh Naidalaa signed the agreement in Ulaanbaatar. It covers renewable energy development, power infrastructure and climate policy.
Visayas grid placed under red, yellow alerts as supply tightens in the Philippines
Available capacity stood at 2,561 megawatts (MW), below the projected peak demand of 2,568 MW.
WESM up by 23% in June in the Philippines
Data from the Independent Electricity Market Operator of the Philippines showed the system-wide average Wholesale Electricity Spot Market (WESM) price climbed 22.7% to PHP9.56 ($0.15) per kilowatt-hour in the June billing period.
Libya partners with Qatar's UCC for $1bn Ghadames Basin oil project
Libya’s National Oil Corporation (NOC) has signed an Exploration and Production Sharing Agreement (EPSA) with Qatar's UCC Holding and the Libyan Investment Authority (LIA) to develop Area 47 in the strategic Ghadames Basin
Poland eyes market mechanisms to cut fuel prices, rather than return to budget burdening scheme
For the Polish government to return to a fuel price support scheme, there would have to be a significant escalation in the Middle East conflict, energy minister Miłosz Motyka said, adding that it now wanted to lower prices through market mechanisms.
Sempra’s Energia Costa Azul exports first LNG cargo from Mexico plant
US LNG developer Sempra exported its first cargo from its Energia Costa Azul LNG project located in Ensenada, Mexico.
Fuel crisis pushes Russia to ban diesel exports
Iraq signs HKN deal to develop Hamrin oilfield
Iraq has signed a contract with US-based HKN Energy to develop the Hamrin oilfield, as Baghdad steps up efforts to increase oil and gas production and attract foreign investment into its energy sector.
Ecuador reforms fuel pricing formula to cut diesel, petrol costs
Ecuador's government reformed its fuel-pricing mechanism on July 9, a move that will lower the cost of Extra and Ecopaís petrol, and diesel from July, the Presidency said in a statement. The change was formalised under Executive Decree 444
Cuba restores grid after eighth national blackout in a year
Cuba's National Electroenergy System was reconnected in the early hours of July 8, restoring power nationwide after the eighth total blackout the island has suffered in the past year
Cuba tells UN assembly US sanctions amount to 'energy siege,' seeks action
Cuba's foreign minister, Bruno Rodríguez Parrilla, told the UN General Assembly that Washington was conducting an "energy siege" against the island and called on the body to act against US sanctions
South Africa’s Nersa clears Red Rocket and Engie solar projects with combined 890MW capacity
South Africa’s energy regulator has approved generation licences for four solar PV projects developed by Red Rocket and Engie under REIPPPP Bid Window 7.3, with a combined contracted capacity of 890 MW.
Iraq, Turkey discuss extending Kirkuk-Ceyhan oil pipeline agreement
Iraq's Oil Minister Bassem Mohammed Khudair Al-Abadi held talks on July 9 with Turkish Energy and Natural Resources Minister Alparslan Bayraktar to discuss the future of the Kirkuk-Ceyhan crude oil export pipeline agreement.
Chilean court upholds environmental approval for 33.6MW Quilicura solar plant
Chile's Second Environmental Tribunal has upheld the environmental approval granted to the Hugo Lorenzo photovoltaic plant, developed by Inmobiliaria Cañadilla in the Santiago Metropolitan Region commune of Quilicura.
World Bank approves $875mn financing for Côte d’Ivoire, pledges to support gas sector expansion
The World Bank has approved $875mn in financing for Côte d’Ivoire to support growth, jobs and community resilience, while signing an interim agreement with Eni's subsidiary to provide technical assistance for the country’s Gas Master Plan.
Opdenergy locks in $227mn to back multi-technology renewables push in Chile
Spanish independent power producer Opdenergy has closed $227mn in financing for its portfolio of operating renewable assets in Chile, spanning solar, wind and battery storage, with SMBC, BNP Paribas and Spain's ICO acting as lenders.
Saudi Arabia, Canada launch investment treaty talks as Carney visits Jeddah
Saudi Arabia and Canada have agreed to open negotiations on an investment protection treaty during Mark Carney's Jeddah visit, the first by a Canadian leader in 26 years, with mining at the centre.
Baker Hughes receives equipment awards for Sabine Pass LNG expansion
Baker Hughes said this week that it had received three awards to supply equipment for the upcoming expansion of Cheniere Energy’s Sabine Pass LNG project.
Follow us online