The European Commission will propose lowering energy taxes and power grid fees to promote the adoption of clean energy technologies while mitigating the impact of surging oil and gas prices. On April 22, the EU's executive body will adopt a policy document outlining measures aimed at alleviating the effects of sustained fuel price increases on enterprises and consumers.

Recently, the Guyang-Baiyin'ebo Gas Transmission Pipeline Project's Guyang First Station and valve chamber, constructed by Shaanxi Construction & Installation Group, successfully passed the completion acceptance inspection. This key period marks a solid step toward official commissioning for this innovative infrastructure project equipped with a 20% hydrogen-blending transmission capability. It is reported that the Guyang-Baiyin'ebo Gas Transmission Pipeline Project is a key construction project under the "County-to-County Connection in Western Inner Mongolia" initiative of the Inner Mongolia Autonomous Region's 14th Five-Year Oil and Gas Development Plan. The pipeline stretches 125 km in total, starting from the Guyang First Station and running northward through Guyang County and Darhan Muminggan Joint Banner in Baotou City and the Baiyin'ebo Mining District, with its terminus at the Barun Industrial Park. As a distinctive project equipped with a 20% hydrogen-blending transmission capability, its completion and commissioning will drive the formation of a new interconnected ring-network gas supply pattern in the central and western regions of the Inner Mongolia Autonomous Region, further enhancing energy supply security. This project is of great significance to the development of Baotou City. It will help this "World Capital of Rare Earth and Grassland Steel City" optimize its energy structure, improve production efficiency, and reduce energy costs, while providing energy support for technological innovation and industrial upgrading in the rare earth industry, building a stable energy supply chain, and strengthening the overall economic strength of the region. During the construction period, the Shaanxi Construction & Installation Group project team, upholding the enterprise philosophy of "Building for Good," successfully overcame challenges such as a short effective construction window and complex construction conditions. At the Kundulun River crossing section, the team employed large-scale horizontal directional drilling technology with round-the-clock operations, achieving a successful single-pass crossing with a 100% pass rate in conductivity testing. In addition, the project was the first in China to implement the new standard "Steel Pipes for Pipeline Transportation Systems in the Petroleum and Natural Gas Industry," verifying the feasibility of large-scale, long-distance hydrogen transportation using spiral submerged arc welded pipes and contributing to the realization of the nation's "dual carbon" goals.

【SMM Steel】TenarisSSP finalized a SAR 127m supply agreement with Saudi Aramco on Mar 29 for steel pipes for oil and gas ops over 12 months. The deal involves no related parties. The financial impact is expected in H1 2027.

Indonesia recorded $31.7 billion in investment in its energy and natural resources sector in 2025, roughly equal to Rp 533 trillion, according to the Energy and Mineral Resources Ministry. The earned funds were distributed across mining, oil and gas, electricity, as well as renewable energy and conservation efforts, with the oil and gas sector taking the largest portion. Besides, mining revenue outperformed previous projections from officers. Non-tax state revenue reached Rp 138.37 trillion, surpassing the Rp 127.44 trillion target, achieving 108.56%, despite declining prices for coal and other minerals.

Real GDP rose 0.1% in January, with an advance estimate of 0.2% in February, Statistics Canada said Tuesday. Growth was driven by the goods-producing sector, which expanded 0.2% for a second straight month, as gains in mining and oil and gas extraction offset a decline in manufacturing. Motor vehicle and parts manufacturing fell 10.8%—the largest drop since September 2021—as winter plant shutdowns extended into January, dragging auto output down 23.5% and wholesale trade down 1.2%. If March growth is flat, the economy is on track to expand at an annualized rate of 1.5% in the first quarter, slightly above market expectations of 1.4%.

President Prabowo Subianto oversaw the signing of business deals totaling $23.63 billion during the Indonesia-Japan Business Forum in Tokyo on March 30, 2026. The agreements encompass 10 memoranda of understanding (MoUs) spanning critical sectors including energy, oil and gas, petrochemicals, manufacturing, and finance. Highlighting the shift toward sustainable industrialization, key projects include a carbon-emission-based methanol production facility in Bontang, East Kalimantan, and a strengthened pact between INPEX and Pertamina to advance the Masela LNG project.