Latest Stories
Indonesian government delays EV motorcycle incentive rollout to August 2026
The Indonesian government has deferred its highly anticipated fiscal support programme by injecting more regulatory uncertainty across the domestic clean-energy transport sector
Malaysian ministry of plantation reviews feasibility of B50 biodiesel shift
The Malaysian government is re-engineering its green fuel mandates, accelerating its transition toward a low-carbon transport network while protecting its status as an export powerhouse
India’s Russian crude imports hit record level
Regardless of efforts by the US or even the EU to pressure New Delhi to abide by wider sanctions on Moscow, Russian crude is set to remain a defining feature of India's energy mix in at least the near term.
Regen Renewables completes rooftop solar project at Sri Lanka’s National Operation Centre
Regen Renewables (Pvt.) Ltd has completed and handed over a 45.63kW rooftop solar photovoltaic system at Sri Lanka’s National Operation Centre (NOC) in Battaramulla.
Pakistan approves 435-km fuel pipeline to strengthen energy supply network
Pakistan has approved the construction of a 435-kilometre pipeline for transporting refined petroleum products from Punjab to Khyber Pakhtunkhwa.
Fresh highs recorded for Turkish renewable power generation in May
Hydropower remained the dominant source of electricity generation in Turkey in May. A new monthly production record was set as strong spring precipitation continued to boost output, according to official data.
Poland unveils plans of third LNG terminal, with Orlen and PGE among future users
The Energy Ministry announced on June 23 the plan to set up Poland's third LNG terminal, bringing the country's combined regasification capacity to over 20bn cubic metres. It will be used by four entities, including Orlen and PGE.
Venezuelan crude gains ground in India as imports recover from supply disruptions
India’s crude oil imports have returned to more stable levels in June, supported by record purchases from Russia and additional supplies from countries including Venezuela, Angola, Brazil and Iran
Venezuela’s first-quarter oil revenue climbs as exports accelerate
Venezuela generated $5.49bn in oil export revenue during the first quarter, a 21% increase from the same period a year earlier, according to balance of payments data released on June 22 by the Central Bank of Venezuela
Russia’s Rosatom says construction of first nuclear reactor at Turkey’s Akkuyu NPP completed
Construction of the first reactor unit at Turkey's first nuclear power plant (NPP), Akkuyu on the country’s southern Mediterranean coast, has been finished and cold-hot testing has commenced, Russian state nuclear corporation Rosatom has announced.
Venezuela bets on gas revival despite persistent energy shortages
Venezuela is seeking to revive its long-underdeveloped natural gas industry through new agreements with Shell, Eni and Repsol, even as the country continues to grapple with power cuts, electricity rationing and shortages of domestic cooking gas
Debt restructuring uncertainty sends Venezuelan bonds to two-month low
Bonds due in 2027 dropped below 50 cents on the dollar for the first time since April 10, while debt issued by state oil company Petróleos de Venezuela SA also declined
Venezuela’s oil revival hinges on political stability, economists say
According to experts, Venezuela’s efforts to attract foreign capital into its energy industry will struggle to gain traction unless investors see lasting political stability and stronger institutions
China leans on inventories to cushion Iran shock, likely to wait before resuming purchases
The smaller-than-expected stock draw is largely explained by a sharp reduction in refinery activity. First-quarter processing averaged 14.95mn bpd, leaving May output an estimated 2.29mn bpd lower.
Iraq to avoid Hormuz by exporting oil from southern fields via Turkey
Iraq is said to be pushing a plan that would see oil exports from its southern oilfields avoid the Strait of Hormuz transit chokepoint by using pipelines and trucks running north through Turkey.
Fitch affirms EDP Brasil at AAA(bra)
Fitch Ratings has affirmed EDP Energias do Brasil’s national long-term rating at ‘AAA(bra)’ with a stable outlook, citing its diversified power operations and expected financial profile stability, the agency said.
Brazil, Mexico secure $500mn CIF deal
Colombia slips in WEF energy transition ranking despite clean power matrix
Colombia fell five places to 43rd in the World Economic Forum’s 2026 Energy Transition Index (ETI), highlighting growing concerns over the pace of the country’s energy transition despite maintaining one of the world’s cleanest electricity
Colombia's De la Espriella win puts Ecopetrol governance shake-up on hold
Colombia’s presidential election result has halted plans for governance changes at Ecopetrol and increased the likelihood of a review of the state-controlled energy group under incoming President Abelardo de la Espriella
Colombia's Promigas draws record demand with $920mn hybrid bond sale
Promigas secured $920mn in a 30-year international hybrid bond offering after attracting orders worth $2.61bn, marking the strongest demand recorded for this type of instrument by a Colombian issuer
Colombia's Ecopetrol jumps in US premarket after De la Espriella election victory
Colombia's Ecopetrol surged in US premarket trading after president-elect Abelardo de la Espriella secured victory in the country's presidential runoff, with investors betting on a more favourable environment for the oil and gas sector
More than $5bn of energy opportunities available at Iran’s Lavan Island
More than $5 bn worth of investment opportunities are available in oil and gas fields operated by the Iranian Offshore Oil Co. (IOOC), its CEO Ahmadreza Rasti said, as Tehran seeks to ramp up development of key offshore assets in the Persian Gulf.
Angola approves tax incentives for four geologically complex offshore oil blocks
Angola's government has approved additional tax incentives for four offshore oil blocks as it seeks to attract investment into technically challenging and high-risk concession areas, according to Lusa and VerAngola on June 22.
Follow us online