Back in March 2024, the Federal Government of Somalia and the Republic of Türkiye signed a major offshore hydrocarbon exploration and production agreement in Istanbul. This strategic partnership allowed Turkey’s state-owned energy company, Turkish Petroleum Corporation (TPAO), to conduct 3D seismic surveys and drill for oil and gas in both offshore blocks and three land blocks covering roughly 16,000 square kilometers, with the additional agreement for onshore exploration signed in early 2025.  Turkey wasted little time, dispatching…

California’s governor this week inked an energy partnership deal with the UK’s Department for Energy Security and Net Zero (DESNZ) - and it made the U.S. president quite angry. Trump dubbed Gavin Newsom’s actions inappropriate in the latest flare-up between the federal government and green-focused California, as the two diverge ever more on energy policies. “The U.K.’s got enough trouble without getting involved with Gavin Newscum,” President Trump told Politico, asked about his comments on the deal between Newsom…

Caracas, 17 de febrero de 2026.- Instalaciones modernas, áreas confortables, gastronomía, recreación y más disfrutan los visitantes del Complejo Venetur Los Caracas ubicado en el estado La Guaira, en estos Carnavales por la Paz 2026. Cientos de turistas venidos de distintas partes del...

Shares of BHP Group, the world's largest miner, jumped to a record high in Australia after it posted earnings at the top end of Wall Street expectations. The miner's pivot into copper, aided by a surging rally in industrial metals, offset softer conditions in its iron ore unit. BHP chief executive Mike Henry reaffirmed to investors earlier on a call that the miner is pivoting toward "future-facing" metals. In other words, he explained that the world's largest miner's shift away from operations focused on serving China's steel mills has paid off,…

Here is the question: what happens when renewables are acknowledged as the superior technology for electric power generation? Basically,  we see a process of displacement (one commodity producer, renewables, displacing another, fossil fuels), and that leads us to the issue of minimum viable scale in connection with this postulated energy transition. Basically,  minimum viable scale means the minimum throughput needed to keep the system running and economically viable.  Imagine a toll road that charges fees to all vehicles to pay…

17 de febrero de 2026.- El Congreso de Perú destituyó oficialmente al presidente interino José Jerí, por falta de idoneidad, reunión con empresarios chinos y otras polémicas que surgieron en los últimos días. "La mesa directiva declara la vacancia del presidente de la república", anunció el jefe...

17 de febrero de 2026.- El mercado de criptomonedas sufrió este día un duro golpe cuando el bitcóin se desplomó por debajo de los 67.000 dólares, desencadenando una venta masiva que evaporó aproximadamente 40.000 millones de dólares de capitalización bursátil en solo media hora. La caída se produ...

Once-dominant energy giant BP is running on empty as it curbs shareholder payouts and unveils fresh attempts to bolster its balance sheet. The London-based oil baron announced in its final results on Tuesday that it has suspended its share buyback programme and increased its cost-cutting goal as it looks to reverse its fortunes in the next financial year. The company said the decision was taken to allow it to increase investment into its oil production business and “fully allocate excess cash” to its balance sheet. The group also increased…

France has fined a Russia-linked oil tanker several million euros after detaining it for violating EU sanctions, marking one of the clearest physical enforcement actions yet against Moscow’s shadow fleet. The tanker, Grinch, was boarded in the Mediterranean last month after sailing from Murmansk in Russia’s Arctic. It was held for three weeks at Fos-sur-Mer before being cleared to leave French waters, according to French Foreign Minister Jean-Noel Barrot. The exact fine was not disclosed. The vessel is part of the network of tankers…

France has fined a Russia-linked oil tanker several million euros after detaining it for violating EU sanctions, marking one of the clearest physical enforcement actions yet against Moscow’s shadow fleet. The tanker, Grinch, was boarded in the Mediterranean last month after sailing from Murmansk in Russia’s Arctic. It was held for three weeks at Fos-sur-Mer before being cleared to leave French waters, according to French Foreign Minister Jean-Noel Barrot. The exact fine was not disclosed. The vessel is part of the network of tankers…

17 de febrero de 2026.- En un esfuerzo por consolidar la cooperación bilateral y la diplomacia de paz, el canciller de Venezuela, Yván Gil, recibió al primer ministro de Qatar, Mohammed bin Abdulrahman Al Thani. El alto funcionario qatarí arribó al país en una visita oficial destinada a profundizar ...

17 de febrero de 2026.- Irán ha cerrado parte del estratégico estrecho de Ormuz por varias horas en medio de los ejercicios navales de los Cuerpos de la Guardia Revolucionaria Islámica (CGRI) en la zona, informó la agencia local Fars. Según el reporte, la medida fue tomada para garantizar el cump...

This week's energy newsletter reviews oil and gas price shifts, U.S. rig count figures, key corporate acquisitions and discoveries, and analyzes major geopolitical events impacting global oil trade, including shipping market manipulation and rising Chinese imports of Russian crude. The oil market’s shipping segment is being rocked by a brazen attempt to corner it, with a South Korean shipping tycoon hoovering up any available VLCCs in the market.  Ga-Hyun Chung’s Sinokor Group has bought or chartered over 120 very large crude carriers…

As Ukrainian strikes on Russia’s refineries and the halt of Ukrainian shipments of Russian oil to central EU member states limit outlets of Russian crude, Moscow is boosting shipments via ports.   Russia’s seaborne crude oil exports averaged 3.39 million barrels per day (bpd) in the four weeks to February 15, per ship-tracking data compiled by Bloomberg. Oil exports have been rising for a fourth consecutive week, as week-by-week comparisons are not particularly relevant due to weather conditions in the winter and other factors,…

As Ukrainian strikes on Russia’s refineries and the halt of Ukrainian shipments of Russian oil to central EU member states limit outlets of Russian crude, Moscow is boosting shipments via ports.   Russia’s seaborne crude oil exports averaged 3.39 million barrels per day (bpd) in the four weeks to February 15, per ship-tracking data compiled by Bloomberg. Oil exports have been rising for a fourth consecutive week, as week-by-week comparisons are not particularly relevant due to weather conditions in the winter and other factors,…

17 de febrero de 2026.- Fue confirmado el fallecimiento de Jesse Jackson, una de las figuras más destacadas de la lucha por los derechos civiles en Estados Unidos. El colaborador de Martin Luther King expandió la presencia de los afroamericanos en la escena política estadounidense gracias a dos camp...

Residents of Smederevo, a Serbian industrial city already blanketed by pollution from a Chinese-owned steel mill, are pushing back against plans for a $2.8 billion oil refinery backed by Chinese state-owned companies -- a project negotiated largely out of public view. Nearly two years after the refinery was announced, Serbia's government has refused to release the framework agreement signed with China Energy International Group. Serbia's Energy Ministry told RFE/RL the deal was a "business secret" and disclosing the agreement would interrupt negotiations…

17 de febrero de 2026.- El evento reunió a cientos de personas que mantienen viva la esencia de un artista que transformó la música en una herramienta de conciencia social. El Ministerio para la Cultura, mediante la Compañía Nacional de Música y la Misión Cultura, convocó a cultores, escritores y ar...

17 de febrero de 2026.- El Instituto Nacional de Transporte Terrestre (INTT) anunció el inicio de un despliegue especial de actualización de datos a partir del miércoles 18 de febrero de 2026. Esta iniciativa busca modernizar el registro automotor y facilitar el cumplimiento de los trámites legales ...

Portland General Electric Company has agreed to buy select power plants and utility operations of Berkshire Hathaway’s PacifiCorp in Washington State for $1.9 billion, the Portland-based firm said on Tuesday.  The price of the acquisition represents a purchase price multiple of 1.4 times the estimated 2026 rate base.    As part of the deal, Portland General Electric (PGE) will buy three generation facilities: the Chehalis gas-powered plant with a capacity of 477 megawatts (MW), the Goodnoe Hills wind facility with 94 MW…