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South Africa’s minister provides update on grid performance, status of electricity sector reform process
South Africa’s Electricity and Energy Minister Kgosientsho Ramokgopa has assured the nation that ongoing reforms in the electricity sector are “irreversible.”
Uganda, Tanzania appoint consultant for feasibility study on gas pipeline
Uganda and Tanzania have appointed a consultant to conduct a feasibility study for a proposed gas pipeline connecting the two countries, which will follow a separate route than the EACOP crude oil pipeline.
Western Cape High Court revokes TotalEnergies environmental authorisation to drill for oil offshore South Africa
The Western Cape High Court has rescinded the environmental authorisation granted to energy supermajors TotalEnergies (France) and Shell (UK) to drill for oil a deepwater block in Outeniqua Basin offshore South Africa.
ASEAN ministers launch ambitious plan to finance regional power grid
In a significant step toward deeper energy integration, ASEAN’s energy, economic and finance ministers convened virtually on August 14 to unlock new financing mechanisms for the ASEAN Power Grid
Iran's First Vice President arrives in Kyrgyzstan for Eurasian Economic Union summit
Iran's First Vice President arrives in Kyrgyzstan for Eurasian Economic Union summit as Islamic Republic expands regional economic partnerships through observer membership.
Ghana think tank demands answers over minister, central bank rift on gold-for-oil scheme
Ghana’s flagship Gold-for-Oil (G4O) scheme, which aimed to cut demand for US dollars to import fuel, was launched in response to a spiralling foreign exchange crisis and surging inflation.
Canadian independent Meren Energy announces Q2 2025 results, provides Africa operations update
Canadian-based independent oil and gas company Meren Energy (formerly trading as Africa Oil Corporation) has published its financial and operating results for the three and six months ended June 30, 2025.
Gulf region sees temperatures spike above 52°C (125.6°F) as electricity grids buckle
Iraq forecasts seven provinces to exceed 52°C on Friday as extreme summer heat continues with temperatures reaching half the boiling point across southern regions.
Egypt and Greece to accelerate sub-sea power interconnection project
Egypt and Greece have agreed to accelerate the 3GW Egypt–Europe electricity interconnection project via Cyprus, which aims to export renewable energy from Egypt via the development of multiple solar and wind power projects.
Occidental makes progress on asset sales, debt reduction
Occidental Petroleum has signed four agreements to sell certain assets in the Permian Basin for combined proceeds of around $950mn.
Sanctions on Russia push India to send diesel to China for first time since 2021
India’s Nayara Energy, which has ties to Russia’s Rosneft, is shipping diesel to China for the first time in more than four years, as European Union sanctions disrupt its petroleum exports
TotalEnergies to sell Argentine shale assets to YPF, Vaca Muerta faces market dynamics
France's TotalEnergies has agreed to sell its 45% stake in two unconventional oil and gas blocks in Argentina's Vaca Muerta shale formation to Argentina's national oil company YPF.
ExxonMobil could invest $21.7bn in Trinidad and Tobago
For the first time in two decades, ExxonMobil has returned to Trinidad and Tobago, and could invest $21.7bn in a region close to the Stabroek block off Guyana.
Stone Ridge to buy Anadarko Basin assets from ConocoPhillips for $1.3bn
Stone Ridge Energy has agreed to acquire assets in Oklahoma from ConocoPhillips for around $1.3bn.
Bulgaria’s Uni Energy to acquire NIS petrol network for over €30mn
NIS, majority-owned by Russia’s Gazprom and its subsidiary Gazprom Neft, is divesting its Bulgarian assets amid increasing pressure from secondary US sanctions.
COMMENT: What is Rosneft’s flagship Vostok Oil Project seeking to achieve?
Russia’s oil industry enjoyed a renaissance between 2008 and 2018 when about 30 new oil fields came online, significantly boosting production. The Vostok Oil fields hold some 45bn barrels of oil.
ASEAN is going nuclear – it's just a matter of time
Across the ASEAN bloc, energy security, surging data-centre demand and net-zero pledges are nudging governments to revisit their nuclear options.
The climate crisis is pushing California’s destructive wildfire season earlier — by weeks
Wildfire season in California is starting earlier than it used to — in some parts of the state, by more than 10 weeks compared with the 1990s — and scientists say climate change is a major reason why.
Study finds black carbon emissions significantly underestimated in Global South
Black carbon emissions in low- and middle-income countries across the “Global South” may be nearly 40% higher than previously believed, according to new research from Washington University in St. Louis in the US.
Russian fossil fuel revenues slip as CREA calls for tighter price cap enforcement
Russia’s fossil fuel export revenues fell 3% month-on-month in July to €585mn a day, as weaker crude oil and LNG sales offset a sharp rise in pipeline gas income, according to the July monthly update on Russia’s oil trade from CREA.
Naftogaz wins Austrian court approval to seize Russian assets worth over €120mn
Ukraine’s state-owned Naftogaz Group has secured permission from an Austrian court to enforce a $5bn arbitral award against Russia, in the latest step in its effort to recover compensation for the seizure of its assets in Crimea.
ASP Isotopes set for Johannesburg listing, will acquire Renergen, advance uranium enrichment plans with NECSA
Nasdaq-listed ASP Isotopes plans to list on the JSE and acquire 100% of South Africa’s only onshore helium and LNG producer while advancing uranium enrichment plans with NECSA.
Nigeria’s Elektron Finance launches $130mn bond programme for Lagos power project
Elektron Finance SPV has launched a NGN200bn ($130mn) bond issuance programme, marking its debut in the country’s debt capital market with strong institutional investor participation.
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