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Iranian-backed forces suspected of seizing tanker in Gulf of Oman
Lloyds List Maritime Intelligence says MV Asphalt Princess hijacked by armed men and ordered to sail to Iran.
GLNG: Tellurian signs offtake deal with Shell
US LNG developer Tellurian announced last week that it had signed a sales and purchase agreement (SPA) with Royal Dutch Shell for offtake from its planned Driftwood LNG export terminal in Louisiana.
NorthAmOil: Oil prices boost second-quarter performances
Oil and gas companies across North America are reporting improved performances for the second quarter of 2021 thanks to stronger crude and natural gas prices.
FSUOGM: Russia expands profit-based oil tax
EurOil: Shell boosts investor appeal
MEOG: Iraq backtrack and Jurassic bids
DMEA: Baiji strike and Nigerian losses
AsianOil: Santos, Oil Search merger to create new upstream powerhouse
Australia-listed independents Santos and Oil Search’s proposed merger, first revealed last month, is back on track after Santos compromised over ownership stakes.
LatAmOil: Another discovery offshore Suriname
TotalEnergies (France) and Apache (US) have made their fifth discovery at Block 58 offshore Suriname.
AfrOil: Eni loses appeal against Ghanaian court ruling
Italy’s Eni has lost its appeal against a previous court decision ordering its local subsidiary, Eni Ghana Exploration, to turn over some of the money it was earning from the sale of oil from the offshore Sankofa field.
Natural gas becomes costlier than oil: VTBC
US, UK and Israel accuse Iran of Gulf attack on tanker that killed Briton, Romanian
Analysts widely suspect Iran and Israel are involved in an undeclared shadow war in which they carry out attacks on each other's vessels. This war appears to be escalating
Turkey evacuates thousands of tourists amid hellish wildfire scenes
Heat intensity of infernos measured with satellite data reportedly four times higher than anything on record for the nation.
Yukos shareholders claim $5bn appeal award from Russia
Yukos was once Russia’s biggest oil producer and briefly its most valuable company.
Sale of 25% in Vestmoldtransgaz to EBRD greenlighted
AsiaElec: Singapore’s Sunseap to invest $2bn in 2,200-MW floating solar and storage project in Indonesia
Singapore’s Sunseap Group is to invest $2bn in developing a 2,200-MW floating solar plus storage project, the largest such solar project to date world-wide, on the Indonesian island of Batam.
AfrElec: Nigeria’s PowerGen secures $9mn project financing for mini-grid project
Nigerian power developer PowerGen has secured project financing to build 28 distributed renewable energy (DRE) systems using solar PV and battery technology in rural areas.
Czech industry ministry signs memorandum to back country's first EV battery plant
€2bn battery factory to be built by state-owned utility CEZ with Germany's VW or South Korea's LG.
GLNG: Port Arthur LNG plans suffer another blow
US-based Sempra Energy has signed a memorandum of understanding (MoU) with Poland’s PGNiG for the potential purchase of around 2mn tonnes per year (tpy) of LNG. The preliminary deal potentially spells bad news for Sempra’s Port Arthur LNG plan.
AsianOil: India approves two new SPR sites
The Indian government has approved plans to build two underground crude oil storage facilities that will expand the country’s strategic petroleum reserve capacity by 6.5mn tonnes.
NorthAmOil: Shell announces Whale FID
A Royal Dutch Shell subsidiary announced this week that it had made a final investment decision on the Whale project in the US Gulf of Mexico.
Perenco, SNH, Golar LNG strike a deal on increasing gas deliveries to FLNG
Perenco and Société Nationale des Hydrocarbures (SNH), the national oil company (NOC) of Cameroon, will increase the total volume of natural gas delivered to the Hilli Episeyo FLNG owned by Bermuda-registered Golar LNG.
US legislators urge Biden to examine Mexican energy policy
Twenty US legislators have urged President Joe Biden to take a closer look at the Mexican government’s approach to competition in the energy sector in light of the challenges faced by US companies working in Mexico.
LatAmOil: US legislators urge Biden to examine Mexican energy policy
Twenty US senators and representatives have urged President Joe Biden to take a closer look at the Mexican government’s energy policy in light of the challenges faced by US oil, gas and power companies working in Mexico.
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