India’s government this week asked some of the biggest state oil refiners to launch rights issues with which the authorities plan to help fund the firms’ net-zero and energy transition goals, Reuters reported on Friday, quoting sources with knowledge of the matter. The government will be seeking equity in Indian …

Azerbaijan has begun installation of solar panels at its 230 MW Garadagh plant, the country’s first major solar power plant. Developed by United Arab Emirates-based renewable energy company Masdar, the plant is expected to be operating by the end of this year, producing 500 gigawatt hours (GWh) annually. Azerbaijan has …

The total number of total active drilling rigs in the United States fell by 5 this week, according to new data from Baker Hughes published Friday, falling by more than 70 rigs over the last two months. The total rig count fell to 682 this week—71 rigs below this time …

At a time when global recession concerns have depressed global oil prices to pre-Ukraine war levels, prices of Middle Eastern oil have skyrocketed on soaring demand from Asian refiners in China to Japan as the market takes stock of heavy trading by the industry’s biggest names this month. According to …

Pipeline gas supplies from Russia via Ukraine to Europe may come to an end next year when the transit contract between Moscow and Kyiv expires, the Ukrainian energy minister has told the FT. According to German Galushchenko, the chances of the two sides negotiating a new contract are slim to …

China’s Cnooc Ltd. is planning offshore oil and gas exploration with state-owned Tanzania Petroleum Development Corp. as the East African nation seeks to boost the development of its natural resources. The joint work will be conducted in deep-sea blocks 4/1B and 4/1C held by TPDC, according to Tanzanian Energy Minister …

The EU’s energy crisis interventions have improved security of supply, but the industry must now focus on growing the bloc’s renewables capacity and expanding its grid infrastructure in a market rife with inflationary pressure, policymakers and power-sector executives said June 20. “We are experiencing a paradigm shift in energy policy,” …

Russia could shut off one of the last arteries carrying Russian gas to Europe by the end of next year when Ukraine’s supply contract with Gazprom expires, the Financial Times said on Thursday, citing an interview with Ukraine energy minister German Galushchenko. The chances of Kyiv and Moscow agreeing to …

Ukraine is looking to raise initial funding of up to $40 billion to rebuild one of its most important industries – iron and steelmaking – including by reducing dependence on coal and launching a green steel industry after the war. The Russian invasion has decimated iron and steel production in …

Pakistan is eyeing Central Asia as its energy trade partner, especially Turkmenistan, and is seeking gas supplies for Gwadar in an effort to make it an international energy hub by encouraging China and European countries to establish liquefied natural gas (LNG) plants and export the fuel. “We want to be …