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Greece’s Dynagas gets EU exemption to transport Russian LNG
Brussels yields to Athens but caps LNG volume transported at 2025 levels.
Europe's summer heat has broken the Bell curve, as record El Niño builds
This summer’s extreme temperatures have broken the normal “Bell curve” distribution of temperature variations and pushed it sharply to the right into record breaking highs. This is not normal – literally.
Yemen says drones hit Saudi crude lines to Yanbu, Riyadh blames Iraq
Yemen's armed forces say they hit crude transfer lines running from Saudi Arabia's Eastern Province to Yanbu with drones. Riyadh confirmed oil facilities in the Eastern Province were struck but claimed the drones were launched from Iraq.
Lebanese prime minister arrives in Iraq to advance Kirkuk-Tripoli pipeline talks
Lebanese Prime Minister Nawaf Salam arrived in Baghdad to advance energy cooperation with Iraq, with the revival of the Kirkuk-Tripoli crude oil pipeline emerging as the centrepiece of talks.
Canada’s FortisBC granted key approval for Tilbury LNG expansion
Canadian natural gas utility Fortis BC has received the go ahead from British Columbia’s provincial government to proceed the project following the exemption of the requirement for a Certificate of Public Convenience and Necessity.
QatarEnergy extends force majeure on LNG deliveries to mid-October
The world’s second-largest exporter, Qatar, has prolonged force majeure through to mid-October on deliveries of LNG cargoes to some of its Asian buyers.
Kazakhstan’s Tokayev explicitly urges Putin to “freeze” Ukraine war in face to face talks
Says his country “does not understand nature” of “tragic” conflict.
OPEC and the next surplus
A post-war return of constrained barrels could tip today’s uneasy balance into oversupply, forcing OPEC+ back into a market-share struggle it may no longer control.
Has Ukraine declared war on Iran?
Ukraine's Caspian strike killed an Iranian sailor and drew a retaliation threat from Tehran. Kyiv calls it interdicting the Iran-Russia arms route, but firing on a third state's vessel outside any declared war raises a harder question.
Iran adds 668 MW of generating capacity in a week as summer shortages bite
Iran added 668 MW of generating capacity in a week, including 70 MW of solar and a 160 MW combined-cycle unit at Asaluyeh, as Energy Minister Abbas Aliabadi pointed to weekly additions amid summer power shortages.
Iran war closes Hormuz, Bab al-Mandeb simultaneously for first time ever
For the first time since records began, both of the Middle East's great oil chokepoints are shut at once for the first time ever. The Strait of Hormuz has been effectively closed since February 28, and now Bab al-Mandeb Strait is also shut.
Croatia's grid operator clears key milestone for €50bn Pantheon AI data centre project
Croatia's grid operator has approved the technical blueprint for connecting the planned Pantheon AI data centre to the national grid, clearing a major regulatory hurdle for what developers say will be the country's largest-ever private investment.
Nigeria's Dangote refinery completes $2.5bn private placement after strong investor demand
Dangote said it had issued and allotted about $2.5bn of new equity after receiving demand equivalent to 3.7 times the original offer size.
Michigan regulators reissue permits for Line 5 tunnel
The Michigan Department of Environment, Great Lakes, and Energy has reissued the permit for Enbridge's Great Lakes Tunnel Project.
Russia's gas queues start to ease, but the fuel crisis is far from over
Ukraine's drone campaign against Russian refineries has made the country's refining sector a strategic liability for the Kremlin, and the resulting fuel crisis has pushed Russian refining to record lows even as LNG exports to Europe hit record highs.
Low Danube levels threaten Serbia’s river traffic, disrupt fuel imports
Exceptionally low water levels on the Danube are threatening to disrupt river navigation in Serbia and have slowed imports of petroleum products, adding pressure to fuel supplies amid high demand and elevated global oil prices.
Yemenis vow to extend Saudi blockade to Jeddah, Yanbu
A senior Houthi adviser said the movement's naval blockade of Saudi Arabia will expand from Jizan to Jeddah and Yanbu, the Red Sea terminal Riyadh has used to bypass the closed Strait of Hormuz, after Trump threatened military retaliation.
Riyadh's Red Sea lifeline comes under fire
Confronted with a Houthi naval blockade and burning tankers off Yanbu, Saudi Arabia's carefully engineered workaround to Hormuz is unravelling just as Asian refiners scramble for alternatives.
Chevron, BP evacuate some Gulf workers ahead of Tropical Storm Bertha
Chevron and BP evacuated some of their staff from platforms in the US Gulf of Mexico this week as Tropical Storm Bertha approached the region, but the disruption ultimately proved minor.
UniCredit Serbia, KfW launch €43mn green financing scheme
UniCredit Bank Serbia has launched a €43mn KfW-backed credit line for energy efficiency and renewable energy projects, part of a €47.3mn package expected to reach 300 companies and cut 24,000 tonnes of CO2 a year by 2028.
Houthis strike Saudi tankers as Red Sea route unravels
Yemen said on July 23 it had struck two Saudi oil tankers in the Red Sea, opening a second front against global crude flows.
Former Uzbekneftegaz boss goes on trial as billionaire Fazylov's energy empire unravels
The trial of former Uzbekneftegaz chairman Bahodir Siddiqov deepens scrutiny of state energy contracting as Bakhtiyor Fazylov’s once-dominant business empire continues to unravel.
Aminex seeks resolution after operator proposes work programme changes to Tanzania gas project
Tanzania-focused upstream oil and gas company Aminex is in talks with its partners to resolve a dispute over the development of Tanzania’s Ntorya gas field after the project’s operator proposed cutting this year’s work programme.
Iran steps up strikes on Kurdish bases in northern Iraq,Yemenis hit Saudi tankers in Red Sea
Iran steps up drone and missile strikes on Iranian-Kurdish opposition bases at Erbil and Sulaymaniyah, with fresh attacks reported July 22. A US service member was killed July 18 by ordnance from a downed Iranian drone.
Iran threatens regional energy infrastructure if US hits its bridges, power plants
Iran's Khatam al-Anbiya headquarters says its forces will target oil, gas and power infrastructure across the region and block all oil exports if the US acts on Trump's threat to bomb Iranian bridges and power plants over Hormuz ship attacks.
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