Asia

China

• Woodward to wind down China on-highway natural gas truck business
• Zhejiang Energy enters the cape market
• Fusion Energy Technology and Industry Conference 2026 held in Hefei, Anhui

India

• GAIL completes 694-km Mumbai–Nagpur gas pipeline along Samruddhi Mahamarg
• OPEC regains share in India as Russian oil imports slump in December
• L&T wins ₹2,500–5,000 crore hydrocarbon onshore order from Petronet LNG
• ONGC to board Shipping Corp, oil companies JV as equity partner
• Oil industry seeks abolition or review of OID cess on pre-NELP and nomination blocks (Budget 2026)
• Power sector can attract $450 billion investment by 2032
• JSW Energy signs turbine generator supply contract for 1,600 MW Salboni Plant
• India eyes rare earth mining pacts in Russia and Africa
• Assam considers selling surplus electricity to Bangladesh
• Bharat Electricity Summit 2026 to be held March 19-22 in New Delhi

Japan

• JX Energy wins approval for gas power plant and 75 KTPA LNG project
• Woodside to supply LNG to JERA during Japan’s winter peak
• Japan launches world’s first trial to extract rare earth elements

Pakistan

• Huge fire at Karachi Port’s KICT terminal engulfs 20 containers
• Petrol and diesel prices unchanged; petroleum levy increased
• World Bank presses Pakistan on power sector fixes
• OGRA intensifies enforcement to ensure compliance at petrol pumps
• Gas supply increased to 746 mmcfd amid winter demand
• Mari Energies launches cloud and AI infrastructure platform
• 10th Pakistan–Japan private sector business dialogue held in Tokyo

Singapore

• Aether secures additional $15M for Singapore SAF project

Vietnam

• ASML eyes supply chain expansion and R&D cooperation in Vietnam
• Samsung Home Corp considers billion-dollar investment in Danang hub
• Viettel commences work on Vietnam’s first chip fab, aiming trial run by end-2027
• HCMC breaks ground on Metro Line 2 using advanced European technology
• Vietnam targets $5.5 billion in foreign loans for 2026 infrastructure

Thailand

• Thailand launches SAF road map based on domestic production

Taiwan

• Taiwan and TSMC to expand US investment in global AI chip race

Middle East

Bahrain

• BxT Trading unveiled to boost energy sector; Bapco and TotalEnergies launch joint venture

Egypt

• Egypt announces new oil discoveries; discusses boosting gas production with Eni
• Egypt’s energy map highlights markets, transition and strategic partnerships

Kuwait

• Kuwait refineries net 64 million tons output
• Kuwait oil price cited at $61.30 pb

Oman

• Masdar-led consortium reaches financial close on $300M Ibri III solar PV IPP
• Masdar, partners achieve financial close for Oman’s first utility-scale solar + battery storage project
• Energy Development Oman tightens price on $640M 10-year sukuk

Qatar

• Contractors given extra time for Dorra gas development projects

Saudi Arabia

• Saudi Aramco and Commonwealth LNG ink long-term supply deal
• Saudi energy minister holds high-level meetings to cement collaborations
• First EU–Saudi roundtable on critical raw materials reflects shared policy commitment
• Saudi-listed AMAK plans drilling and exploration subsidiary
• Saudi Arabia emerges as top global mining investment destination
• ACWA Power agrees to acquire stakes in five wind power projects in China
• ACWA and AfDB to fast-track $5B energy/water projects in Africa

United Arab Emirates

• $871 million green bond issued for Abu Dhabi’s Al Dhafra Solar Plant
• Dubai chemicals distributor opens $82M terminal
• EtihadWE plans feasibility study on UAE–India undersea power link
• Adnoc and Oxy shelve Shah gas plant expansion project
• UAE–UK technology exchange and renewed investment bolster hydrogen ambitions
• BEEAH launches Sustainable Finance Framework with FAB
• Dubai air taxis to begin commercial flights by year-end

Israel

• Chevron greenlights expansion of Leviathan gas field

Iran

• Oil price volatility as Iran tensions flare and ease

Africa

Libya

• Libya’s NOC unveils plans to nearly double refining capacity to 660,000 BPD
• Libya’s Prime Minister to address Libya Energy & Economic Summit (LEES) 2026

Mozambique

• Eni launches hull of new FLNG for Mozambique operations
• Mozambique leader sees Total LNG project restart within weeks

Nigeria

• Dangote refinery supplied 32 million liters of petrol daily in December
• Nigeria exits EU financial high-risk list
• Nigeria says it has exited economic crisis
• Nigeria–UAE deal to boost duty-free exports
• NGX launches ‘Net Zero’ initiative to accelerate climate action

Senegal

• Senegal plans major power connections and infrastructure spending in 2026

South Africa

• Petra Diamonds uncovers rare 42 carat blue diamond

Tunisia

• Tunisia seeks consultants for solar and wind projects
• Tunisia and EBRD sign $49.9M agreement to finance phase 2 of ELMED

Zimbabwe

• Caledonia to capitalise on gold in $132M project

Liberia

• TGS’ 3D reprocessing seismic survey sets stage for offshore oil & gas exploration

Regional

• AfDB seeks stronger ties with Arab funders to plug development finance gap
• ACWA Power and AfDB to fast-track $5B energy and water projects in Africa

Europe

Azerbaijan

• SOCAR begins natural gas supplies to Germany and Austria

Germany

• Germany suspects ‘foreign intelligence’ behind Nord Stream blasts

Norway

• Barents Sea oil discovery strengthened by appraisal operations

Russia

• Russian oil and gas revenue falls to lowest in five years
• Russian grain shipments grow as seaborne trade dominates exports

United Kingdom

• UK urges Western Europe to arm Ukraine instead of talking to Russia

Spain/Portugal

• Moeve and Galp plan Iberian downstream tie-up

Ukraine

• Kiev faces severe electricity shortages; multiple energy companies report equipment shortfalls

Regional

• Europe sets record daily LNG imports amid cold snap
• Chevron signs Mediterranean field expansion to boost gas production

North America

Canada

• Canada leverages low AECO prices and diplomacy to advance LNG exports
• Carney says reaching trade deal with China makes Canada more ‘predictable’ than U.S.
• Discount on Western Canada Select narrows

United States

• Cheniere commissioning Fifth Train at Corpus Christi LNG
• Futures settle after smaller-than-expected US storage withdrawal
• Texas LNG project fully subscribed following binding agreement with RWE
• $5B Louisiana LNG terminal suspended; Alaska project gains quick federal OK
• U.S. weekly LNG exports down to 33 cargoes
• Equinor allowed to restart construction on New York offshore wind project

South America

Brazil

• Brava Energia acquires Petronas stakes in offshore assets for $450M
• Spliethoff vessels to support Saipem operations at major gas project

Venezuela

• Venezuela oil fetching ~30% higher price after first sale worth $500M
• US forces seize sixth tanker linked to Venezuelan trades

Oceania

Australia

• Woodside’s Scarborough LNG project passes 90% completion as FPU arrives on site
• Woodside and JERA finalize winter LNG supply contract

Global

• KBR expert identifies five trends reshaping oil and gas in 2026
• Global LNG spot prices rise as cold forecasts lift demand in Asia
• Oil prices edge higher as supply risks remain amid geopolitical tensions
• Energy security and climate perspectives: rethinking waste, adapting and preventing climate change