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Bulgaria aims to become regional leader in small modular reactors, says energy minister
Bulgaria will leverage its favourable geographical location and diverse energy mix, Minister of Energy Zhecho Stankov said.
OPEC+ set to approve output hike
OPEC+ is set to raise oil output in November and aims to reclaim its global market share, according to Bloomberg.
Eskom swings to first profit in eight years as outages plunge, flags audit risks
Eskom’s turnaround was aided by tariff hikes, cost cuts and a government $14.1bn debt-relief package. It comes as load shedding eases, but auditors flagged governance concerns and rising municipal arrears.
RWE pulls out of $10bn Namibia hydrogen project as EU demand for green ammonia falters
German utility RWE has withdrawn from Namibia’s $10bn Hyphen Hydrogen Energy project, citing slow EU demand for hydrogen derivatives. The scheme aimed to export green ammonia by 2027.
Korea’s EPC solar sector is under strain: a look at EPC firm GRANDSUN and the road ahead
For the country’s engineering, procurement and construction (EPC) firms - the companies that design, build and then maintain solar projects, the challenge is more and more about how to adapt.
Russia launches a revolutionary industrial-scale closed fuel cycle reactor
President Vladimir Putin claims Russia has made a nuclear technology breakthrough and has developed a closed fuel cycle power system to tackle global uranium shortages.
How Azerbaijan's oil prince went from dining with Messi to facing decades in prison
Adnan Ahmadzada is accused of contaminating 200,000 tonnes of his country's oil exports with corrosive chemicals and facilitating billions in Russian sanctions evasion.
Indonesia’s World Bank debt and the price of a green transition
Indonesia is routinely listed among the World Bank’s largest borrowers, second only to India in some recent tallies, reflecting an outstanding balance with the Bank running into the tens of billions and placing Indonesia among the top 10 debtors
TotalEnergies inks Heads of Agreement LNG deal with Hyundai Chemical
French supermajor TotalEnergies signed a Heads of Agreement with South Korea’s Hyundai Chemical.
ADNOC’s subsidiary XRG acquires stake in Rio Grande LNG project in Texas
The United Arab Emirates’ state-run oil and gas company ADNOC announced that its investment vehicle XRG has closed its acquisition of an equity stake in NextDecade’s Rio Grande LNG project located in Brownsville, Texas.
Croatian PM angrily rejects Hungarian accusations of war profiteering
"We're the good guy," says Andrej Plenkovic after Hungarian foreign minister claims Zagreb is profiting from disruptions in Russian supplies.
Nigeria upstream regulator clears TotalEnergies’ $510mn Bonga stake sale
Nigeria’s NUPRC has cleared TotalEnergies’ $510mn sale of its 200,000-bpd Bonga field stake to Shell and Agip. The deal lifts Shell’s OML 118 holding to 65% while TotalEnergies pursues a $3.5bn global asset sale programme.
Trump lavishes praise on Erdogan in White House meeting and suggests Turkey stop buying Russian oil and gas
Some big military and civilian aircraft deals may be in the making, but the deal-making remains behind closed doors.
US DoJ weighs in on Line 5 dispute, sides with Enbridge
The US Department of Justice has waded into a long-running dispute between Enbridge and the State of Michigan over the Line 5 oil and natural gas liquids pipeline.
Sempra agrees to sell infrastructure arm stake, approves Port Arthur LNG expansion
Sempra has agreed to sell a 45% equity stake in its Sempra Infrastructure Partners unit for around $10bn, while also taking a final investment decision on Phase 2 of Port Arthur LNG.
African Energy Chamber to release State of African Energy 2026 Outlook at AEW 2025 in Cape Town
The African Energy Chamber (AEC) has announced the launch of its latest report, written in collaboration with S&P Global Commodity Insights, at the African Energy Week: Invest in African Energies conference in Cape Town.
China deploys new power pricing regime to balance clean energy mix
Introduced in June, the framework abandons the uniform tariffs that once rewarded all renewable generation equally, regardless of local demand or grid capacity.
Egypt increases downstream cooperation with Nigeria
The Nigerian National Petroleum Corporation (NNPCL) and the Egyptian General Petroleum Corporation (EGPC) have agreed to increase cooperation, with EGPC vowing to contribute more to development projects in Nigeria.
China sets first binding target to cut emissions
China has announced its first economy-wide commitment to reduce greenhouse gas emissions, pledging a cut of between 7 and 10% by as soon as 2035.
Nigerian army continues to fight against illegal refineries
The Nigerian army’s 6 Division has arrested 17 alleged oil thieves and shut down nine illegal refining sites across the Niger Delta region this week.
Nigeria’s Koolboks secures $11mn to expand local assembly and cut prices
Lagos-based Koolboks, which makes solar-powered, off-grid refrigerators aimed at providing reliable cooling in areas with limited electricity, has raised $11mn in Series A funding to expand its local assembly operations and reduce end-user prices.
Austria's OMV fires senior exec for Russian espionage
Austrian energy and chemicals group OMV has fired a long-serving executive over suspicions of espionage for Russia, and Vienna has summoned a Russian diplomat in connection with the case.
Word leaks of $43bn US-Turkey LNG deal ahead of Trump-Erdogan meeting at White House
Agreement would cover imports through 2045.
Serbia to sign new gas supply deal with Russia in October
Serbia, which imported about 3bn cubic metres of Russian gas in 2024, remains among the most energy-dependent countries in Europe.
COMMENT: Uncertainty and geopolitics plague Russia’s negotiations with China on gas supply deals
China is now the only potential buyer of Russian Arctic gas and the only customer with the capacity to absorb significant amounts of gas from the Yamal Peninsula, home to some of the country’s largest reserves.
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