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Fossil fuels lose ground as renewables lead on cost – but infrastructure and financing risks loom
The global energy system is reaching a defining moment as renewable power continues to undercut fossil fuels in price, scale, and resilience.
World has less than three years to avert worst climate impacts, scientists warn
A new global climate report warns that the world is on the brink of irreversible damage. The findings come amid sluggish international action ahead of COP30.
Extreme heat to hit Istanbul, residents urged “stay indoors”
Holiday favourite Antalya also struggling with 40°C-45°C heatwave temperatures that could smash records.
Fire occurs as Iran’s Abadan refinery
The Iranian oil ministry’s news agency Shana reported on July 19 that the country’s 500,000 barrel per day (bpd) Abadan refinery had suffered a fire, with one of the plant’s employees passing away before the blaze was contained.
Tanzania to launch $1.2bn uranium mining project led by unit of Russian nuclear energy group Rosatom
Tanzania is set to begin uranium mining in Namtumbo following the near-completion of a pilot smelting facility. The $1.2bn project is led by Mantra Tanzania Limited, a subsidiary of Uranium One Group under Russian state nuclear energy firm Rosatom.
Peru inaugurates 252 MW San Martín solar plant, its largest PV project to date
The government of Peru has formally commissioned the San Martín Solar photovoltaic facility, a 252.4 MWac plant located in La Joya, Arequipa, operated by Spanish firm Zelestra.
Serbia and Hungary advance plans for joint oil pipeline by 2027
Planned 128-kilometre pipeline will link Serbia to the Druzhba pipeline network via Hungary.
Resalta acquires Statkraft's Croatian renewable energy business
Slovenia-based Resalta says it aims to support Croatia’s efforts to develop sustainable and reliable energy systems aligned with European climate goals.
Iran plans to boost renewable power capacity 15-fold by 2028
Energy Minister Abbas Aliabadi says the government will do its utmost to scale up the country’s green energy capacity to 30,000 MW by August 2028.
OGT 2025 gains momentum: over 100 delegates registered as global energy leaders confirm participation
Registration is well underway for the 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025” (OGT 2025), to be held from October 22–24, 2025, in Ashgabat.
Freeport LNG granted 40-month extension for Train 4
Freeport LNG has obtained a 40-month extension from US federal regulators to finish construction of its Train 4.
Asian spot LNG prices fall after rising multiple weeks
Asian spot LNG prices have fallen amid weaker demand and high inventories.
Iran lifts oil output at Azadegan amid self-sufficiency drive
Iran has increased crude oil production by 38,000 bpd at its giant South Azadegan field
EU approves eighteenth sanctions package after Slovakia drops veto
The EU has approved the eighteenth sanctions package after Slovak Prime Minister Robert Fico agreed to drop his veto, saying that he had run out of negotiating options on July 18.
Czech energy utility ČEZ and UK’s Rolls-Royce sign agreement to build first SMR
The majority state-owned energy utility ČEZ and the United Kingdom’s Rolls-Royce SMR have signed an agreement to begin preparatory works to build the first small modular nuclear reactor in Czechia.
Fico claims Slovakia has obtained energy guarantees from EU and will unblock latest sanctions package against Russia
Slovakia’s populist Prime Minister Robert Fico said it would be "counterproductive" to continue blocking the EU’s 18th sanctions package against Russia.
Iraq turns to solar energy with 535 government projects and citizen incentives
Iraq's National Team for Renewable Energy and Energy Efficiency Projects confirmed that the Baghdad government has decided to implement 535 projects in government institutions to generate electricity through solar energy.
Mozambique set to construct new 240,000 bpd refinery
African independent Aiteo has signed a large engineering, procurement and construction (EPC) agreement for a new 240,000 barrel per day refinery in Mozambique.
COMMENT: Slovakia’ Prime Minister pushes back on EU gas phase-out, demands a delay to the sanctions as EU cracks widen
Slovak Prime Minister Robert Fico is becoming a major embarrassment for the EU plans to phase out all Russian gas imports by 2028.
ConocoPhillips asks to expand oil exploration in NPR-A
ConocoPhillips filed applications on July 14 to explore for more oil in the National Petroleum Reserve-Alaska.
COMMENT: Trump’s 100% tariff threat to Russian oil customers unlikely to work
Donald Trump’s threat to impose secondary sanctions on countries buying Russian oil is probably more symbolic than practical, says a leading oil analyst and senior fellow at the Carnegie Russia Eurasia Center, Sergey Vakulenko.
Thailand accelerates solar power push
Currently, Thailand boasts the largest solar capacity in the ASEAN region, with more than 3 GW of installed solar capacity as of 2024.
Mars crude contamination causes brief supply disruption
A brief supply disruption related to a zinc contamination issue in the Mars crude stream appears to have been resolved.
Sintana Energy secures extension on PEL79 in Namibia’s Orange Basin
Canadian oil and natural gas exploration company Sintana Energy has shared an update regarding Petroleum Exploration Licence 79 (PEL 79) which governs blocks 2815 and 2915 located offshore Namibia in the Orange Basin.
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