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Oil & Gas

RUSSIAN OIL FIRMS URGED TO PROCESS 30% OF CRUDE DOMESTICALLY AS FUEL CRISIS DEEPENS.

Russia is considering a major shift in its energy strategy after the head of oil giant Rosneft proposed that oil producers be required to process at least 30% of their crude domestically instead of prioritizing exports. The proposal comes as Ukraine's escalating attacks on Russian energy infrastructure continue to disrupt refining operations, trigger fuel shortages and force Moscow to explore emergency measures to stabilize domestic fuel supplies. The move highlights growing pressure on Russia's energy sector as the war increasingly affects critical infrastructure, fuel availability and the country's ability to balance domestic needs with export revenues.

  • 1 month, 3 weeks
Oil & Gas

TANZANIA'S OIL AND GAS SECTOR ENTERS A NEW ERA OF EXPLORATION, PRODUCTION AND ECONOMIC TRANSFORMATION.

Tanzania is positioning itself as one of Africa's most promising energy destinations as new exploration campaigns, major gas field developments and large-scale infrastructure projects gather momentum. Backed by more than 57 trillion cubic feet of proven natural gas reserves, expanding production capacity and ambitious plans for LNG exports, the country is laying the foundation for long-term energy security, industrial growth and increased foreign investment. From the world-class Ntorya gas project to new offshore licensing rounds and strengthened local content participation, Tanzania's oil and gas sector is increasingly becoming a strategic pillar of national economic development under President Samia Suluhu Hassan's administration.

  • 1 month, 3 weeks
Energy Policy & Regulation

PHILIPPINES CUTS 2026 GROWTH FORECAST AMID ENERGY CRISIS.

The Philippines has lowered its 2026 economic growth forecast as the country continues to face significant challenges stemming from an ongoing energy crisis.

  • 1 month, 3 weeks
Oil & Gas

UKRAINE STRIKES MOSCOW AS MASSIVE EXPLOSIONS ROCK OIL REFINERY

A Ukrainian drone strike on an oil refinery in southeastern Moscow triggered a major fire on Thursday, marking the second attack on the facility within three days.

  • 1 month, 3 weeks
Oil & Gas

LONDON COURT UPHOLDS INJUNCTION PREVENTING NEW SOUTH SUDAN OIL PREPAYMENT CONTRACTS

London's High Court has upheld an injunction obtained by BB Energy, preventing the Republic of South Sudan from entering into new oil prepayment agreements.

  • 1 month, 3 weeks
Oil & Gas

OIL SHIPMENTS THROUGH HORMUZ RISE AS IRAN'S NEW TRANSIT CONDITIONS SPARK CONCERNS.

Oil shipments through the Strait of Hormuz are gradually recovering following the signing of an interim ceasefire agreement between the United States and Iran, allowing tankers carrying crude oil, refined products and liquefied petroleum gas to resume movement through one of the world's most strategically important energy corridors. The return of shipping activity is providing relief to global energy markets after months of disruption caused by the conflict. However, fresh concerns are emerging as Iran signals tighter control over vessel movements through the waterway, including possible permit requirements, insurance obligations and transit fees. The developments are creating uncertainty for shipowners, oil traders and major energy-consuming nations that depend on uninterrupted flows from the Gulf region.

  • 1 month, 3 weeks