Malaysia's Petronas announces higher profit and revenue for H1 but warns about an uncertain energy landscape
Malaysian energy firm Petronas reported higher revenue and profit for the first six months of 2026. However, it warned that the global 'energy landscape' remained uncertain due to a slew of geopolitical challenges and the prolonged Middle East conflict. Petronas or Petroliam Nasional Bhd reported that revenue for the first six months rose by 15%, to 152.4 billion Ringgit ($37.89billion), from 132.6 billion Ringgit a year ago.
Shell sells Cyprus unit up to $720 Million as it focuses more on LNG
Shell announced on Friday that it had agreed to sell BG Cyprus to the Hungarian oil-and-gas firm MOL Group, for a price of up to $720m. The British oil major is now focusing on its LNG operations. MOL will control BG Cyprus' non-operated 35% interest in a Cyprus Offshore Block, which is home to the Aphrodite Gas Field in the Eastern Mediterranean. The deal should be completed in 2027.
Trump's controversial plan to price minerals is met with skepticism from the G7 and a divided industry
According to diplomatic sources, and an analysis of corporate policies, the Trump administration's plan to increase critical?minerals by regulating prices has been met with skepticism from G7 allies, and a divided industry. Negotiations for a Western Trading bloc have stalled over concerns regarding cost and governance. The trading bloc was first proposed by U.S. vice president JD Vance back in February.
Indonesia coal export shake-up rattles miners, traders
Indonesia's plan for coal exports to be routed through a state firm has alarmed traders and miners, who are concerned about its viability at a time of?increased coal demand due to liquefied gas (LNG), supply disruptions caused by the Iran War. The President of Indonesia Prabowo Subianto announced on Wednesday that all exports, including coal, palm oil, and ferroalloys, must go through the state-owned Danantara Sumberdaya Indonesia.
Fertiliser company Yara exceeds its quarterly profit forecast on the strength of nitrogen margins
Yara, a Norwegian fertiliser'maker, reported a larger-than-expected % increase in its core earnings for the first quarter on?Friday. They attributed this to higher nitrogen margins and strong deliveries, as well as operational improvements. The Iran War has tightened the nitrogen market by disrupting shipments across the Strait of Hormuz, shutting Middle East factories and raising urea prices.
Stephen Jen: The timing of the return of ROI-China could not be better.
China has finally turned the corner. China's economy has finally turned a corner, five years after Beijing started cracking down its bloated real estate sector. It is now on a more sustainable path, anchored in quality growth. The correction left fewer scars that many had feared. China's real estate sector has been in a "bear market" since 2021. Prices have fallen by 40 to 50 percent on average. It was not accidental.
South Africa signs new climate loan and critical minerals agreement on Germany's visit
South Africa's Foreign Minister said that Germany had agreed to give South Africa an additional 200 million euro concessional climate loan. The two countries would also deepen their cooperation in other fields, such as critical minerals. After a meeting with his German counterpart Johann Wadephul, Ronald Lamola announced that the?loan would support investments in South Africa's electricity grid and renewable energy capacity.
India is dependent on imported goods, whether it's oil, gas or green technology
India's goal is to??install 500 gigawatts (including solar, wind, and hydropower) of green energy by 2030. This will include expanding battery storage, and electric transportation. Last month, the country announced its latest climate goals. These include a goal of 60% non-fossil power by 2035. This could increase demand for essential minerals. India is a major importer of several green minerals…
Malaysia's Petronas reports a decline in profit and revenue for the third consecutive year 2025
Petroliam Nasional Bhd (or?Petronas? ) is the state-owned energy company in Malaysia. After the oil price fell, BP reported a lower profit and revenue for 2025. This is the third consecutive year of decline. Petronas has reported a profit of $45.4 billion (US$11.7 billion) after taxes in 2025. This is down from $55.1 billion in 2024. * Revenues fell from 320 billion to 266.1 billion ringgit by 2024.
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 of the court could lower the cost to build LNG plants and large-scale infrastructures that depend on modules and parts made in countries affected by tariffs.
What is the purpose of Europe? It must act fast: Stephen Jen
We all know someone who seems to be cursed with bad luck. Europe is beginning to resemble that unfortunate person, as it faces both internal and external problems. The region now needs a clear purpose and an ambitious plan to reach it. The challenges that Europe faces are external, like the fraying Transatlantic relations with the U.S. or the competitive pressures coming from China.
Japan's JERA receives government subsidy on US ammonia imports
JERA, Japan's largest power generator, has received a 15-year government subsidy to cover the?difference between coal and ammonia prices. It aims to import ammonia to its planned U.S. The government has agreed to provide a subsidy for 15 years, covering the?difference between ammonia and coal prices. JERA aims to import ammonia from its planned?U.S. plant in 2029.
ReNew signs pact to build solar project of 150 MW in India with Google
India's ReNew Energy Global announced on Tuesday that it had signed a long-term deal with Alphabet to develop a 150-megawatt project in the western Indian state of Rajasthan. The agreement is in line Google's aim to be entirely carbon-free by 2030. India also wants to double the capacity of its non-fossil fuel power generation to 500 gigawatts before the end decade. Other?U.S. Other?U.S.
Turkey extends Russia Gas Contracts by an additional year with a view to US Investment
Turkey has finalised an extension of one year to its two gas import contracts that expire with Russia, totalling 22 bcm. It is also considering investing in U.S. production, as part of its efforts to diversify sources of energy. Turkey, Russia's final major gas market in Europe has steadily reduced the proportion of Russian gas in its gas supply mix. It has now fallen below 40%. Both contracts with Gazprom expire this year.
Made in Nigeria: Africa's drive to become a solar superpower
In pink overalls they pack the tested products to be shipped from the Salpha Energy solar assembly plant near Calabar, West Africa. It's not happening at home anymore. Salpha Energy, which began in 2017, has produced solar power systems for over two million Nigerian households and businesses. It aims to produce up to 300,000. Salpha Energy is part and parcel of the green leadership that Africans attending the U.N.
Sponsored: Record Deals and Record Attendance Underscore ADIPEC’s Global Impact
Record-breaking 239,709 attendees from 172 countries gathered at ADIPEC 2025, reaffirming UAE’s convening power and its role as a global hub for energy, partnerships and innovation. ADIPEC 2025 generated an estimated US$400 million in economic benefits for Abu Dhabi’s economy, particularly across the hospitality, tourism and transport sectors. Expanded AI Zone and dedicated industry areas showcased the role of AI…
Sponsored: Energy and Finance Chiefs Call for Sound Policy, Stable Frameworks at ADIPEC
Global finance leaders discuss the new era of energy investment defined by pragmatism, diversification and strategic capital allocation Industry leaders urge fundamentals-based planning amid global volatility, with stable, sound and clear policy frameworks identified as key investment landscape criteria Liquefied natural gas, methane and carbon…
ExxonMobil warns EU laws could force ExxonMobil to leave Europe
Woods is one of a growing group of energy producers who are urging European legislators to revise Corporate Sustainability Due Diligence, which mandates that companies operating in the EU identify and address risks related to human rights and the environment across their supply chain. Woods said on the sidelines at the ADIPEC conference in Abu Dhabi…
Report: Oil and gas projects will be delayed by 2026 due to rising tariffs.
A Deloitte report released on Wednesday showed that the U.S. President Donald Trump’s sweeping tariffs will raise operating costs in 2026. They will also disrupt supply chains, and reduce investment momentum. Energy industry operations are heavily dependent on international supply chains. Materials such as drilling equipment, valves, compressors, and specialized steel…
U.S. natural-gas sector deals will surge in 2025 due to AI and LNG demand from Asia
Analysts say that U.S. Natural Gas dealmaking is expected to increase in 2025, due to the record demand for power from AI data centres, increased LNG exports, and renewed Asian investments. According to the U.S. Energy Information Administration, data centers will be responsible for a surge in electricity demand that is unprecedented this year. The price of benchmark gas dropped sharply last year…