XRG, Eni to acquire minority stakes in major Argentine LNG project
June 30, 2026
Abu Dhabi’s XRG and Italy’s Eni have agreed to acquire 32% stakes each in three upstream blocks in Argentina’s Vaca Muerta
World
Shell sees LNG demand rising 65% by 2050 as Asia reshapes global market
June 30, 2026
Shell expects global LNG demand to rise from 422 million tonnes in 2025 to nearly 700 million tonnes a year by
China outlines five‑year plan to reach 50% non‑fossil power by 2030
June 29, 2026
Beijing’s latest five‑year power sector plan aims for half of China’s electricity to come from non‑fossil sources by 2030, up from
Iraq warns it might leave OPEC over production quotas
June 29, 2026
Iraqi officials said the country could consider leaving OPEC if it is not allowed to increase its oil production quota significantly.
Major Ukrainian drone strike cripples Moscow oil refinery
June 19, 2026
Ukraine has intensified its drone campaign against Russian refineries, with a strike on Moscow’s Gazprom Neft refinery damaging a primary processing
Reopening the Strait of Hormuz and the fragile US‑Iran peace deal
June 19, 2026
A 14‑point memorandum has extended the US‑Iran ceasefire and reopened the Strait of Hormuz, allowing a handful of tankers to transit
‘Strong’ El Niño forecast intensifies food, energy and climate risk warnings
June 17, 2026
Australia’s Bureau of Meteorology has declared that El Niño is underway in the tropical Pacific and could intensify into one of
Peace deal reopens Strait of Hormuz, sends stock markets soaring
June 15, 2026
Oil prices plunged and stock markets rallied after the US and Iran announced a draft peace deal that includes reopening the
China leads surge in low‑carbon industrial investment – Mission Possible Partnership
June 9, 2026
The Mission Possible Partnership (MPP) recorded 19 low‑carbon industrial projects reaching final investment decisions (FIDs) globally between November 2025 and April
Trump invokes Cold War legislation to subsidise coal plants and export terminal
June 5, 2026
President Donald Trump is using Cold War‑era emergency powers to steer roughly $425 million toward upgrades of 13 coal‑fired power plants and
Recent News
Clean hydrogen investment passes $130 billion, but demand remains uncertain
September 11, 2026
The North Sea: Beyond oil and gas
September 10, 2026
