The COP30 climate summit is ditching an earlier draft of a roadmap to transition away from fossil fuels, according to the latest draft of negotiating texts at the global gathering in Belem, Brazil.Many countries at COP30 have mobilized and supported a so-called “roadmap” to transition away from fossil fuels. But the latest draft document of...
Category: International
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Trump gives Hungary one-year exemption from Russian energy sanctions
Donald Trump has exempted Hungary from sanctions over its continued purchases of Russian oil and gas for one year, a White House official has confirmed to BBC News. Earlier, the US president said he would consider an opt-out for Hungarian Prime Minister Viktor Orban, a close Trump ally who has maintained good relations with Russia...
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ISA Assembly Opens in New Delhi as Africa Calls for Greater Clean Energy Investment
The 8th Session of the International Solar Alliance (ISA) Assembly has opened in New Delhi, India, bringing together global leaders to advance solar energy deployment and investment across member countries. Representing the continent, the ISA Vice President for Africa delivered the Africa regional report and underscored the urgent need to bridge the investment gap hindering...
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CBN pumps $1.25bn into fuel import, others.
The Central Bank of Nigeria has released a total sum of $1.259bn to oil sector players for the importation of petroleum products and other related items into the country, The PUNCH reports. The amount released between the first three months of 2025 is against the backdrop of the insistence of marketers to continue fuel import...
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On the streets of Thailand, a quiet but powerful movement is bringing light, dignity, and renewal to people who often go unseen.
Mobile laundry vans equipped with solar-powered washing and drying machines travel through city neighborhoods, offering free laundry services to unhoused and low-income communities. Each compact vehicle can handle dozens of loads per day, running entirely on clean solar energy. Local organizations and volunteers work together to bring these vans to parks, underpasses, and shelters, offering...
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Lower U.S. tariffs to offset India’s shift from Russian oil- Nomura
(Bloomberg) – India’s shift away from discounted Russian crude should be more than offset by gains from likely lower U.S. tariffs, Nomura Holdings Inc. said Friday.U.S. President Donald Trump has been repeatedly asking India to halt purchase of Russian oil, and economists Sonal Varma and Aurodeep Nandi say the shift could pave the way for...
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Kuwait strikes major offshore gas discovery in Persian Gulf
State-owned Kuwait Oil Co. made a “major” discovery in the Jazah natural gas field in the OPEC member’s offshore region. The initial exploration well recorded the highest production rate from a vertical well in the Minagish formation in Kuwait’s history,” KOC said in a statement on Oct. 13. The company has made similar announcements for...
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Russia’s Rosatom Readies to Offer Africa Floating Nuclear Technology
Russia’s State Atomic Energy Corporation, Rosatom, showcased its latest floating nuclear technologies at African Energy Week 2025 (AEW 2025) in South Africa, engaging African energy experts, entrepreneurs, and policymakers on the adoption of floating nuclear plants. The corporation underscored its long-term commitment to delivering sustainable, reliable, and cost-effective energy solutions across the African continent. A...
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Paks II equipment supply approved, Rosatom says
Rosatom has said that an audit by Paks II and the Hungarian Atomic Energy Authority has certified that its machine-building division meets the requirements for the supply of nuclear steam generator equipment for the Paks II project.Rosatom said that the issued document following the “routine supervisory audit” means “the company can supply nuclear power plant...
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ExxonMobil signs Majnoon oil field deal, marking return to Iraq
ExxonMobil signed agreements that lay the groundwork for it to explore Iraq’s giant Majnoon oil field, ending the company’s near two-year hiatus in the country.The Texas oil major has signed heads of agreements with Basra Oil Co. and SOMO, Iraq’s oil marketing company, the nation’s Prime Minister Mohammed Shia Al-Sudani said Wednesday. Goal include developing...