Orsted Files Legal Challenge to Wind Farm Suspension
Orsted A/S filed a legal complaint after the Trump administration suspended the lease of a wind project that's near completion off Rhode Island.
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OPEC Member Fires FinMin Days After Rating Cut
Gabon's President Brice Oligui Nguema fired the nation's finance minister.
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Peru Eyes Splitting $6B Refinery From State Oil Firm
Peru's government is exploring splitting the assets of its ailing state-owned oil company.
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US Sanctions Chinese Entities with Venezuelan Oil Links
The Trump administration stepped up a pressure campaign against Venezuela's oil exports by sanctioning companies based in Hong Kong and mainland China, along with related oil tankers it accused of evading restrictions.
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China Industrial Hubs to Trim Power Prices
China's two largest industrial hubs will reduce power contract prices in 2026 as Beijing pushes to shore up a manufacturing recovery.
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Tycoon Elumelu to Acquire 20 Percent in Seplat
The Nigerian tycoon's company agreed to acquire a 20 percent stake in the nation's biggest oil explorer by value to expand his energy business.
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Harbour Assumes Operatorship of Zama Project offshore Mexico
The Edinburgh-based company expects to complete engineering and design works next year, before a final investment decision.
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Philippines Says Over 1 GW of Power Capacity Added in 2025
The Southeast Asian country installed over one gigawatt of generation capacity this year, with most of the plants fed by renewable sources.
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Shipping Route for Kazakhstani, Russian Oil Offline Due to Glut, Weather
The CPC export system, already reeling from a boat attack, suspended acceptance and transshipment at its Black Sea terminal due to adverse weather and glutting at storage facilities.
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Oil Ends Year With Steepest Loss Since 2020
Oil finished the year sharply lower as global supply continues to outpace demand.