Equinor announced on Friday two gas and condensate discoveries in the Norwegian part of the North Sea in its largest discoveries so far this year that can be developed through existing infrastructure. Equinor made the discoveries in the Lofn and Langemann wells in the Sleipner area of the North Sea, …

Kazakhstan’s oil output has fallen sharply after damage at the Caspian Pipeline Consortium (CPC) export terminal disrupted flows, tightening supplies from one of OPEC+’s largest non-core contributors and forcing operators to curtail production, Reuters reported on Thursday. Output dropped in the first two days of December after storms and structural …

Crude oil exports from the Russian terminals on the Black Sea were much lower in November than originally planned as bad weather and Ukrainian attacks on infrastructure have delayed loadings and departures, Reuters reported on Thursday, quoting sources in the industry. Both the port of Novorossiysk and the CPC terminal …

As concerns mount about looming heating and electricity shortages in Kyrgyzstan this winter, Kazakhstan and Uzbekistan have pledged to help Bishkek avert a crisis. Fears about shortages stem from extremely low water levels in the Toktogul reservoir, a major source of hydropower in Central Asia, as well as for water …

Argentina’s state-run energy firm YPF expects to take together with its foreign partners the final investment decision for the $20-billion Argentina LNG project in the middle of 2026, YPF’s chief executive Horacio Marin told Reuters on Thursday. YPF, Italy’s Eni, and XRG, the new energy investment company of Abu Dhabi’s …

Pakistan has signed five deals for oil and gas exploration with local private and state-owned companies that will develop three offshore and two onshore blocks, Pakistani media reported, citing a securities filing. The companies that will be involved in the development of the five blocks include Mari Energies, Oil & …

A buildout in new petrochemical capacity in China is fueling fears that the country could tip the global market into oversupply, hurting smaller petrochemical producers. Bloomberg reported today that China’s polyethylene production could add 18% this year, based on forecasts by a local consultancy. The output growth will significantly exceed …

The European Council and the European Parliament have agreed on a provisional deal to phase out Russian natural gas imports by 2027. “The regulation introduces a legally binding, stepwise prohibition on both liquefied natural gas (LNG) and pipeline gas imports from Russia, with a full ban from the end of …

Kazakhstan plans to build a new large refinery and boost existing refining capacity to more than double its crude processing capacity by 2040, Energy Minister Yerlan Akenzhenov said on Tuesday. Last year, the refining processing rate of the OPEC+ oil producer was 18 million tons per year. Expansion of existing …

The hydrogen fuel cell market is on the verge of a major inflection point, projected to nearly double in value over the next six years as global powers scramble to hit critical net-zero emission targets. The technology, which provides emissions-free electricity for everything from heavy-duty trucks to corporate data centers, …