International

The United Nations Development Programme (UNDP) and the Government of Norway launched a $200 million initiative in July, aimed at transforming Ukraine’s war-damaged energy sector and supporting the development of the country’s renewable energy capacity. The new initiative will focus on both immediate crisis response and long-term modernisation in line …

British oil giants BP and Shell last week signed a range of agreements with Libya’s National Oil Company (NOC) aimed at boosting the country’s oil and gas output recovery. Very few people outside the oil and gas industry appreciate the much broader and deeper strategic significance that often lies behind …

Oil prices rose on Friday after the EU adopted its 18th sanctions package against Russia, lowering the price cap, targeting Russian oil trade, and closing a loophole that has so far allowed EU imports of fuels processed from Russian crude. As of 9:50 a.m. EDT on Friday, the U.S. benchmark, …

Saudi Arabia is reassessing the scope and timeline of its $500-billion NEOM initiative, according to Bloomberg and CNBC, with officials reportedly reviewing key components of The Line in response to deepening financial strain across the kingdom’s Vision 2030 infrastructure program. The move comes amid mounting vendor arrears and a liquidity …

The European Union lowered the price cap on Russian crude oil to $47.60 from $60 per barrel as it adopted on Friday the 18th sanctions package against Russia, targeting a hundred more ‘shadow fleet’ tankers, energy trade, and traders and banks enabling it. Following weeks of negotiations and Slovakia holding …

Silence from Kyrgyz officials is adding to international concerns about alleged transactions worth billions of dollars on a cryptocurrency exchange registered in the Central Asia country. Grinex, the platform at the center of the controversy, reportedly facilitated $9 billion in transactions between January and April this year, primarily using a …

Non-OPEC producer Kazakhstan, which is boosting its oil output in defiance of its quotas in the OPEC+ deal, doesn’t plan to leave the alliance of producers, the country’s top officials said on Tuesday. Kazakhstan is not considering leaving the OPEC+ pact as it believes it helps stabilize the oil market, …

To meet the rising demand for energy and the increase in global renewable energy capacity, there is a clear need to expand critical mineral mining activities. Mining for metals and minerals, such as cobalt, copper, and lithium, has increased significantly in recent years and is expected to keep rising in …

Brazil has become the latest target of U.S. President Donald Trump’s ire after the Republican frontrunner threatened 50% tariffs on the South American giant for allegedly persecuting right-wing ex-president Jair Bolsonaro. In a post on Truth Social, Trump called on Brazilian President Luiz Inácio Lula da Silva to halt what …

Turkish energy firms will explore for oil and gas offshore Pakistan under agreements with local companies, Turkish Foreign Minister Hakan Fidan said during a visit to Pakistan on Wednesday. “This is one of the outcomes of the more institutionalized approach we are working to establish,” Fidan said, without elaborating on …