Oil & gas
EnQuest flags lower 2026 output after North Sea storm disrupts Magnus field operations
By Cygnus | 23 Feb 2026
EnQuest expects lower 2026 production after storm damage to a key North Sea platform caused a multi-week outage at its Magnus field.
SBU says Ukrainian drones hit oil depot in Russia’s Pskov region
By Axel Miller | 19 Feb 2026
Ukraine says drones struck an oil depot in Russia’s Pskov region, underscoring Kyiv’s strategy to target fuel infrastructure deep inside Russian territory.
Russia’s pipeline gas exports to Europe jump 10% in January as TurkStream becomes sole route
By Axel Miller | 02 Feb 2026
Russia’s pipeline gas exports to Europe rose 10% in January 2026 via TurkStream, though overall flows remain near historic lows after transit routes shut.
Reliance to Resume Purchases of Sanctions-Compliant Russian Oil in February and March
By Axel Miller | 22 Jan 2026
Reliance Industries is set to resume buying sanctions-compliant Russian crude in Feb-Mar after a January pause, using a dual-refinery strategy to retain EU fuel exports.
Egypt Boosts Gulf of Suez Output With New Well as Energy Investments Accelerate
By Cygnus | 21 Jan 2026
Egypt began production at the Al-Wasl-4 well in the North Safa field, adding 2,250 bpd and lifting GUPCO output to about 65,000 bpd as drilling accelerates.
India’s Oil Balancing Act: Refiners Rebuild Middle East Supply Lines as Russia Flows Disrupt
By Axel Miller | 21 Jan 2026
India’s refiners are rebalancing crude sourcing as Russian imports fell to a two-year low in December 2025, lifting OPEC’s share and raising geopolitical risk concerns.
Indian Refiners Rebalance Crude Sourcing as Govt Seeks Weekly Data on Russian, U.S. Oil Flows
By Axel Miller | 21 Jan 2026
Indian refiners trimmed Russian crude intake in December as OPEC regained share, while India asked refiners for weekly data on Russian and U.S. oil imports.
India, UAE Formalize $3 Billion LNG Deal, Set Sights on $200 Billion Trade Target by 2032
By Cygnus | 20 Jan 2026
India and the UAE sealed an LNG supply deal valued up to $3 billion, with ADNOC Gas to supply HPCL from 2028, as both nations target $200 billion trade by 2032.
Russia’s Oil and Gas Revenue Seen Down 46% in January
By Axel Miller | 19 Jan 2026
Russia’s oil and gas tax revenue is projected to fall 46% in January to about 420 billion roubles as lower oil prices and a stronger rouble squeeze budget inflows.
Bolivia vows to honour energy and lithium contracts to rebuild investor confidence
By Cygnus | 19 Jan 2026
Bolivia’s new centrist government pledged to honour all oil, gas and lithium contracts, including deals with Chinese and Russian firms, as it drafts new laws to revive output and attract investment.
