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Mixed messages on Russian oil supply to India
India’s Rosneft-backed Nayara Energy is struggling to secure ships to transport fuel after being placed under European Union sanctions.
Egypt launches global tender to explore gas in Eastern Mediterranean
Egypt’s Ministry of Petroleum issued a global tender inviting specialised companies to conduct a seismic survey covering 100,000 square kilometres in the Eastern Mediterranean.
South Korea awaits decision on lifespan extension for ageing reactors
Korea Hydro & Nuclear Power (KHNP) has halted operations at unit 4 of the Kori nuclear facility as it awaits a government ruling on extending the service life of reactors past 40 years.
US doubles tariffs on India over Russian oil
The US has intensified trade pressure on India by announcing a sharp increase in tariffs on key exports, citing India's continued purchases of Russian oil
FERC issues final supplemental EIS for Texas LNG, Rio Grande LNG projects
The US Federal Energy Regulatory Commission has issued two separate final supplemental environmental impact statements – for the Texas LNG and the Rio Grande LNG projects.
Russia strikes key Ukrainian gas facility linked to Trans-Balkan LNG route
Pipeline built to transport Russian gas through Ukraine to Southeast Europe has recently been repurposed to support imports of LNG from the US and Azerbaijan.
Technip wins Commonwealth LNG EPC contract
Technip Energies has been awarded an engineering, procurement and construction contract by the Commonwealth LNG project.
Nigeria-Morocco Gas Pipeline project advances towards construction phase
The $25bn Nigeria-Morocco Gas Pipeline (NMGP) project is nearing the start of its construction phase. The 6,000-kilometre infrastructure initiative has gained momentum following high-level meetings in Rabat in July.
Saudi Arabia: SABIC must minimise costs, says corporate finance EVP
SABIC’s EVP for corporate finance Salah al-Hareky has said that the company faces “urgent pressure” to minimise costs following the closure of its UK olefins plant in June and challenges in petrochemicals markets, according to S&P Global.
Nigeria: EFCC refutes rumours regarding NNPCL CEO’s alleged resignation
Nigeria’s Economic and Financial Crimes Commission (EFCC) has denied claims that it had placed the CEO of the Nigerian National Petroleum Co. Ltd. (NNPCL) Bayo Ojulari under duress in a bid to see the official resign.
Index shows Turkey heading for “water-poor” status within five years
Coastal tourist hubs suffering daily water cuts amid drought. Locals fume over hotels with full swimming pools and guests taking five showers a day.
Gazprom gas sales to Europe slump to 50-year low
Gazprom’s natural gas deliveries to Europe have plummeted to their lowest levels since the 1970s, further diminishing what was once one of the Kremlin’s biggest revenue streams.
India cloudburst triggers flash floods, dozens feared trapped in Uttarakhand
Indian rescuers are searching for dozens of people feared trapped after a massive cloudburst triggered heavy rains and flash floods in northern Uttarakhand.
Saudi Arabia's ADES plans SAR1.42bn acquisition of Norway's Shelf Drilling
A subsidiary of ADES Holding signed an agreement for a recommended offer to acquire Norway's Shelf Drilling in a deal valued at SAR1.42bn ($379mn).
Saudi Aramco reports 10th consecutive quarterly profit decline
Saudi Aramco announced its 10th straight drop in quarterly profits as falling oil prices hit revenues, putting pressure on the key driver of Saudi Arabia's economy.
Iran's Lake Urmia water level reaches 'undeclared' status amid drought crisis
Lake Urmia's water level has hit its lowest measurable point, with officials warning complete drying by summer's end as the crisis deepens.
Indian opposition blames government on Trump threats
Under President Donald Trump’s second term his administration has taken a much more hawkish stance that Indian purchases enable Russia to weather sanctions and indirectly fund its war effort
Inpex begins front-end engineering on Indonesia’s Abadi LNG project
Japan’s Inpex has begun front-end engineering and design work on the Abadi LNG project off the coast of Indonesia.
Saudi Arabia has cut spending sufficiently despite oil price concerns, IMF says
Saudi Arabia has cut spending enough this year and probably will not need to make further fiscal adjustments even if crude oil prices weaken.
Brazilian deepwater yields BP's biggest oil and gas find in decades
BP has announced its most significant oil and gas discovery in 25 years following successful drilling at the Bumerangue prospect in Brazil's deepwater Santos Basin.
Several missing as flash floods hit 70 residential areas and 34 homes in Russia's Krasnodar region
Torrential rains in Russia's Krasnodar region have flooded 70 residential areas and 34 homes in the villages of Defanovka.
Renewables make up Dutch power supplies for the first time - OWID
For the first time, in 2024, more than half of the electricity produced in the Netherlands came from renewable sources, and almost all of it (45%) from solar and wind.
COMMENT: Russian sanctions have failed, but its buffers are eroding
Russia’s ability to withstand Western sanctions is showing signs of strain as fiscal and external buffers erode, according to senior economists at the Institute of International Finance.
Reconnaissance Energy Africa starts drilling Kavango West 1X exploration well in Namibia
Canadian oil and gas explorer Reconnaissance Energy Africa (ReconAfrica) has announced the spudding of the onshore Kavango West 1X exploration well located within Petroleum Exploration Licence (PEL) 73 in northeast Namibia.
China’s ‘Dark Fleet’ working to evade sanctions, import Iranian oil
China is covertly importing large volumes of Iranian oil through a clandestine network of vessels operating in international waters near Malaysia and Singapore, according to a major investigation
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