Russian drones damage infrastructure, including a maternity hospital and key infrastructure in Ukraine.
Ukraine's officials said that Russia had launched waves of drone attacks against Ukraine. The attack resulted in the deaths of four people, and damage to gas production facilities, port infrastructures, residential buildings, and a maternity ward. The Ukrainian air force reported that Russian troops had launched 273 drones.
Oil and gas exploration is back. Energy giants are hunting to replenish reserves
Executives at the CERAWeek Conference in Houston, Texas, this week declared that global energy companies have returned to the basics, focusing their efforts on finding?new oil and gas sources. This marks the end of years of underinvestment. The'shale revolution' in the U.S. in recent years promised a flexible, abundant supply.
Sources say that the EU is urging countries to fill up gas storage tanks early in anticipation of the Iran War.
As the Iran War disrupts fuel markets around the world, EU diplomats have urged EU countries to begin filling up gas storage caverns as soon as possible in order to be prepared for winter next year. The diplomats reported that the Commission reiterated in a meeting…
Market operator: Australia gas supply crunch will be delayed until 2030
The feared gas shortage in Australia's east has been delayed by one year, to 2030. This is due to the coal power extension, falling consumption, and rapid battery uptake. "Practical actions make a difference." "More renewables, batteries and sensible gas policies improve energy security and put Australia in a better position…
NNPC: Nigerian LNG cargoes are attracting more buyers.
A senior Nigerian National Petroleum Company official said that the West African producer is experiencing a stronger demand for its LNG cargoes due to the energy disruptions caused by the Middle East war. Olalekan Ogunleye, Executive Vice President of NNPC, stated…
SLB extends Nvidia's partnership with energy sector to develop AI infrastructure
SLB, an oilfield services company, announced on Wednesday that it would expand its partnership with Nvidia to develop artificial intelligence models and infrastructure for the energy industry. The agreement builds on the partnership between the two companies, which began in 2008. SLB used Nvidia’s accelerated computing.
India orders the strengthening of its natural gas infrastructure amid shortages
India issued an order Tuesday to address obstacles in building and expanding its natural?gas?infrastructure, as it aims to 'diversify' its fuel supply in the face of disruptions on global energy markets due to the U.S./Israeli war against Iran. The conflict has caused disruptions in shipping and gas supply…
Sinopec will increase Bohai Bay Shale Oil as a backup to maintain output
Sinopec, the Chinese oil company, will increase shale oil production in the Bohai Bay basin following a successful pilot. The resources gained from this project will be used to sustain oil production for a longer period of time, according to its chairman. Sinopec has…
Investors predict that the war in Iran will increase Chinese demand for renewable energy
Investors rush into Chinese renewable stocks betting that the oil shock caused by the Iran War will increase?global green energy demand, a sector China dominates. This 'portfolio' trend in Asia is a result of growing concerns about energy security in Asia and a growing distrust for Washington.
Poland Invites Offers for New LNG Terminal Ahead of Investing in Second Regasification Vessel
Polish gas pipeline operator Gaz-System said on Friday it has opened registration for parties interested in booking long-term capacity for regasified LNG as it decides whether to invest in a second regasification vessel in Gdansk.Gaz-System is building a liquefied…
Peru approves environmental studies for Buenaventura Copper Project worth $3.4 billion
The state certification office of Peru announced that the country approved an environmental study on Wednesday for Buenaventura - one of the largest mining firms in Peru - to proceed with its southern Trapiche Copper Project with an estimated investment amounting to $3.4 billion.
Repsol, a Spanish company, may attract new investors to the US renewables unit
Josu Imaz, CEO of Spanish energy company Repsol, said that the group is reviewing its approach to renewable power generation and may welcome new investors. Repsol, as part of a larger strategy to transition from a traditional oil and gas company into a multi-energy provider, has been building up a portfolio since 2018.
Middle East is a major source of oil and LNG globally
India and other Asian countries are most dependent on Middle East oil and gas, which makes them vulnerable to supply disruptions if the conflict that has erupted following the Israeli and U.S. attack on Iran continues. Here is an overview of the imports and stockpiles of major Middle Eastern buyers.
Asia's dependence on Middle East oil and LNG
Asia is highly dependent on Middle East oil and gas, which makes it vulnerable to a prolonged disruption of supply if the conflict that has erupted following the Israeli and U.S. attacks on Iran continues. Here is an overview of the imports and stocks for major Asian buyers who buy Middle Eastern oil and natural gas.
Raychaudhuri: Indian equities are a bright spot in the market.
Indian stocks, once the darlings of global investors have been underperforming other emerging markets in the past year due to?trade tensions and falling earnings estimates, while high valuations also dulled their shine. Changing domestic and geopolitical tendencies may attract global investors again.
Iberdrola's earnings are higher after the network business boosts results for 2025
Iberdrola, Europe's largest utility, expects its business of building and updating?power?networks in Britain and America to boost earnings this year, after it drove a 10% increase in 2025 adjusted Net Profit. The Spanish company will benefit from its strategic shift…
The US AI boom is facing an electric shock
The race for artificial intelligence dominance by Big Tech may hit a snag soon as U.S. power grids struggle to keep up with hyperscalers who spend a lot of money. Microsoft, Amazon Alphabet, and Meta are among the technology giants in America that have announced in recent months plans to spend over $600 billion in AI by 2026.
Statkraft and OX2 battery deal in Finland to smooth out wind power volatility
Statkraft, the Norwegian state-owned utility, announced on Wednesday that it had signed an agreement for power purchase (PPA) to buy two battery energy systems (BESS), developed by Sweden's OX2 and installed in Finland where wind power has been expanding rapidly. Batteries…
In mid-2026, Inpex will invite bids for the construction of Indonesia's Abadi Liquefied natural gas project.
Inpex, a Japanese oil and natural gas exploration company, said that it would begin the engineering tender for its Abadi project in Indonesia by the middle of this year. Jakarta has pledged to eliminate 'bureaucratic snags' in order to expedite development on the $21 billion project.
Trump's tariff reversal may reduce costs for US energy companies, but it will likely not affect broader flows.
Although the U.S. Supreme Court’s decision to overturn trade tariffs that President Donald Trump imposed last year could ease costs for certain?oil drillers and producers, analysts and experts said that energy flows in general would?remain unchanged for now. The ruling…