Oil & gas

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.

Oswal Energies signs MoU with Abu Dhabi’s ATS, outlines $1 billion Middle East expansion

By Axel Miller | 16 Jan 2026

Oswal Energies signs an MoU with Abu Dhabi’s ATS to build an EPC-DBO alliance and expand in the Middle East with planned investment of up to $1B.

BP Signals Up to $5 Billion in Write-Downs as Strategy Shifts Back Toward Core Oil and Gas

By Axel Miller | 14 Jan 2026

BP expects $4–$5 billion in post-tax impairments in Q4 2025, mainly tied to its Gas & Low Carbon Energy segment, as the company continues its portfolio reset.

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