Kazakhstan Seeks U.S. Approval to Buy Lukoil’s Kazakh Assets

Kazakhstan has filed a formal bid with the U.S. Treasury seeking authorization to buy out the Kazakh assets of Russia’s sanctioned oil firm Lukoil, Kazakhstan’s Energy Minister Yerlan Akkenzhenov said…

Oil Prices Hover Around Four-Month High, Buoyed by Weak dollar and US Storm

Summary Winter storm disrupts US crude output and exports OPEC+ likely to maintain pause on output increases, sources say US dollar near four-year lows (Reuters) – Oil prices hit their…

More Than 400,000 US Customers Still Without Power as Winter Storm Freezes Much of the US

The hardest-hit utilities included Nashville Electric Service (NES) in Tennessee, where 109,156 of 463,455 customers were without power, and Entergy, with more than 104,000 of its 3.05 million U.S. customers…

US Upstream M&A Market Rebounds in Q4, Hits $23.5 Billion, Enverus Says

(Reuters) – The U.S. upstream mergers and acquisitions market regained momentum after a mid-year slowdown in the fourth quarter of 2025 reaching $23.5 ​billion in announced deals and pushing full-year…

China Added 543 Gigawatts in New Power Capacity in 2025

China built a total of 543 GW in new power generation capacity last year, which was more than any other country, with coal and wind capacity at record high, government…

Kazakhstan Says Tengiz Oil Field Will Resume Normal Output Within Days

The offshore Tengiz oil field should return to usual production rates within a week, Kazakhstan’s energy minister said today, as quoted by Reuters. The Tengiz field stopped pumping oil earlier…

Australia and Timor-Leste Push to Fast-Track Giant Offshore Gas Project

Australia and Timor-Leste call for the Greater Sunrise offshore gas project to be developed as soon as possible, the two countries said in a joint declaration on Wednesday, as Australia…