Indonesia looks to unlock its upstream potential by offering more than 100 previously untapped oil and gas basins to global investors for exploration. Southeast Asia’s biggest economy, which is also a major oil and gas producer, aims to reverse its decade-long production decline and bolster national energy security. Indonesia targets …

Shell is boosting its cooperation with Ferrari by signing a ten-year corporate power purchase agreement (CPPA) to supply renewable energy from a Shell-built and operated plant to the iconic Italian luxury carmaker. Shell Energy Italia will provide 650 gigawatt-hours (GWh) over ten years to help decarbonize production at Ferrari’s Maranello …

Oil prices saw a modest decline on Tuesday amid persistent concerns about oversupply and heightened market caution as investors closely monitored ongoing peace talks between Russia and Ukraine. Brent crude oil traded at $62.42 per barrel, showing a 0.49 percent dip from recent levels, pressured primarily by a growing glut …

An Armenian $500-million initiative to develop an artificial intelligence and supercomputer hub has taken a major step forward after US regulators approved the transfer of advanced Nvidia chips. The project is being developed by Firebird, an AI startup launched in June with offices in San Francisco and Yerevan, in collaboration …

ADNOC has unveiled a sweeping $150 billion investment plan for 2026–2030, marking one of the largest investment cycles in its history and reinforcing the UAE’s long-term commitment to oil, gas, and industrial expansion. The announcement, approved at the board meeting chaired by Sheikh Mohamed bin Zayed Al Nahyan, coincided with …

Russian oil and gas revenues are poised to slump by 35% this month from a year earlier as the price of Russia’s crude has plunged and the local currency strengthened. Russia’s budget is expected to receive $6.63 billion (520 Russian billion rubles) from oil and gas in November, a decline …

Spot charter rates to hire an LNG tanker on the U.S. to Europe route have jumped to their highest level in nearly two years as soaring American exports tighten the Atlantic LNG vessels market. The spot charter rate for a tanker to ship LNG from the U.S. to Europe surged …

European benchmark natural gas prices slipped below the key threshold of 30 euros per megawatt-hour (MWh) on Monday, for the first time in a year and a half, amid strong LNG flows, milder temperatures, and negotiations about the end of the war in Ukraine. Dutch TTF Natural Gas Futures, the …

The COP30 climate summit is ditching an earlier draft of a roadmap to transition away from fossil fuels, according to the latest draft of negotiating texts at the global gathering in Belem, Brazil. Many countries at COP30 have mobilized and supported a so-called “roadmap” to transition away from fossil fuels. …

The European Union is considering buying direct stakes in critical minerals projects in Australia as a way to secure supply, Maros Sefcovic, European Commissioner for Trade and Economic Security, said on Friday. Sefcovic, who is on a visit to Australia and meeting with top officials, discussed on Thursday EU-Australia cooperation …