Coal India Limited, the biggest coal producer in the world’s second-biggest coal user, opened this year its online coal supply auctions directly to buyers in Bangladesh, Bhutan, and Nepal, as Indian coal supply has swelled amid weaker-than-expected demand in recent months.  Amid an oversupply of coal and weaker demand, India and its top state coal producer are looking to optimize domestic supply and monetize exports to neighboring countries. Until 2026, only middlemen could bid in Coal India’s online supply auctions. This has now…

China’s largest and deepest offshore gas field has shipped its 100th cargo of condensate, China National Offshore Oil Corporation (CNOOC), China’s top offshore crude oil and natural gas producer, said on Friday.  Production of the first phase of the gas field, Deep Sea No. 1, began in 2021, with the second development phase commencing in 2025, said the company quoted by Chinese state news agency Xinhua.  In 2025, total oil and gas output at Deep Sea No. 1 topped 4.5 million tons of oil equivalent, which would be comparable…

Nigeria’s state-owned oil and gas company NNPC this week reported crude oil and condensate production of 1.6 million barrels per day (bpd) for November 2025, up by 1.3% from October levels.  Natural gas output fell slightly to 6.97 million standard cubic feet per day (mscfd) in November, compared with 6.99 mscfd for the previous month. NNPC’s profit after tax and revenues rose in November from October. Going forward, the company plans to “Intensify collaboration with our partners through year-end and into 2026 to ensure improved…

Turkey will start drilling in a deepwater offshore location in Somalia next month in what would be the country’s first foray in deepwater drilling, Ankara’s energy minister told media today. Alparslan Bayraktar did not provide details about the drilling program, only noting that the Somalian project would be Turkey’s first deepwater exploration project abroad, according to Reuters. The move follows Turkey and Somalia inking an energy exploration deal in 2024, which fits with Turkey’s energy supply diversification plans and…

Oil prices inched higher in early Asian trading on January 2, the first trading session of 2026, as geopolitical tensions continued to provide support after the major benchmarks posted their steepest annual losses since 2020. At the time of writing, Brent crude was up 0.30% at $61.03 per barrel, while U.S. West Texas Intermediate had climbed 0.30% to $57.59 per barrel. The gains follow a turbulent 2025 in which both benchmarks fell by nearly 20%, marking their worst annual performance since the pandemic-driven collapse in 2020.  Prices found…

Oil prices inched higher in early Asian trading on January 2, the first trading session of 2026, as geopolitical tensions continued to provide support after the major benchmarks posted their steepest annual losses since 2020. At the time of writing, Brent crude was up 0.30% at $61.03 per barrel, while U.S. West Texas Intermediate had climbed 0.30% to $57.59 per barrel. The gains follow a turbulent 2025 in which both benchmarks fell by nearly 20%, marking their worst annual performance since the pandemic-driven collapse in 2020.  Prices found…

Nuclear power is currently having its "Silicon Valley" moment. After decades of being treated as a dinosaur technology—too slow, too expensive, and too politically toxic—the industry has pivoted toward something it calls the Small Modular Reactor (SMR). The goal is to stop building energy cathedrals and start building energy appliances. The market fundamentals are finally in place for a new era. Global electricity demand is rising at twice the rate of total energy demand, pushed over the edge by the relentless growth of AI data centers…