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UAE’s ADNOC expands fleet with 4 new LNG carriers
The Abu Dhabi National Oil Company is increasing the size of its LNG fleet with an order made for four next-generation LNG carries from China’s Jiangnan Shipyard.
Central Asia battles to stop fuel squeeze turning into supply shock
Sustained Ukrainian attacks on Russia’s refineries increasingly hitting motorists across region.
Iran-Oman Hormuz talks overtaken by escalation as Tehran closes strait
Iran and Oman discussed Hormuz shipping security in Muscat hours before Iran closed the strait and struck US bases and Gulf states, after CENTCOM said the US hit around 140 targets in Iran.
Qatar’s plans to restart full output of LNG stifled by Iranian attack on vessel
With passage through the Strait of Hormuz uncertain, Qatar must now delay its ramp-up of LNG production.
Croatia moves to boost geothermal energy investment with new georesources law
Croatia's government has proposed new legislation aimed at simplifying the management of energy resources, including geothermal waters.
COMMENT: America and Iran are fighting a stochastic war
The US-Iran conflict has become a war of probabilities, with both sides deliberately randomising. The theory behind it runs from Schelling's Nobel-winning deterrence work to Nixon's madman doctrine, and it carries a flaw.
Iran says Strait of Hormuz transit subject to its rules
Shipping through the Strait of Hormuz would be governed solely by rules set by Iran, an IRGC commander said, acknowledging that the force prevented three foreign tankers from using a US-backed route to sail through the critical waterway.
Libya partners with Qatar's UCC for $1bn Ghadames Basin oil project
Libya’s National Oil Corporation (NOC) has signed an Exploration and Production Sharing Agreement (EPSA) with Qatar's UCC Holding and the Libyan Investment Authority (LIA) to develop Area 47 in the strategic Ghadames Basin
Sempra’s Energia Costa Azul exports first LNG cargo from Mexico plant
US LNG developer Sempra exported its first cargo from its Energia Costa Azul LNG project located in Ensenada, Mexico.
Saudi Arabia, Canada launch investment treaty talks as Carney visits Jeddah
Saudi Arabia and Canada have agreed to open negotiations on an investment protection treaty during Mark Carney's Jeddah visit, the first by a Canadian leader in 26 years, with mining at the centre.
Baker Hughes receives equipment awards for Sabine Pass LNG expansion
Baker Hughes said this week that it had received three awards to supply equipment for the upcoming expansion of Cheniere Energy’s Sabine Pass LNG project.
Namibia targets domestic uranium processing in talks with China’s CGN
Namibia, the world’s third largest uranium producer, in 2024 exported nearly all its output to China, which also controls production at two of the African country’s largest mines.
Nigeria opens Chinese-built $250mn lithium plant, targets leading role in battery supply chain
Nigeria's $250mn launch of a lithium-processing plant comes as as UNCTAD forecasts global demand will rise by 353% between 2024 and 2040, driven by electric vehicles, battery storage and clean energy tech.
BP to sell Bay du Nord interest to operator Equinor
BP has reached an agreement to sell its non-operated interest in the Bay du Nord project offshore Newfoundland and Labrador, Canada, to operator Equinor.
Iran negotiator Ghalibaf accuses US of major memorandum violations
Iran's chief negotiator Mohammad Bagher Ghalibaf has accused the US of major violations of the two countries' memorandum, listing strikes, oil sanctions and threats, as the ceasefire unravels.
Pakistan’s energy pivot: Iranian oil today, renewables tomorrow
Renewables and nuclear power are expected to play a larger role in Pakistan’s electricity mix in the coming years, helping to limit exposure to global fuel price swings and geopolitical disruptions.
US-Iran ceasefire 'over', Trump says after fresh strikes
US President Donald Trump has said the US-Iran ceasefire is "over" after renewed strikes, telling reporters at the Nato summit in Ankara he does not want to deal with Iran.
US revokes Iran oil waiver after tanker strikes in Strait of Hormuz
The US Treasury has revoked a licence allowing Iranian oil sales after three tankers were struck in the Strait of Hormuz, testing US-Iran peace talks and pushing Brent to two-week highs.
China's massive battery capacity buildout – Statista
China’s lead in renewable energy is matched by its dominance in battery storage, Statista reports.
ING: Oil bounces on Persian Gulf re-escalation
The re-escalation of fighting in the Persian Gulf in the last days has reignited supply concerns, pushing oil prices higher amid questions about the direction of US-Iran peace talks, ING said in a note.
India plans to expand its strategic oil reserves
The world’s third-largest oil consumer and the most populous nation on the planet is preparing for greater volatility in energy markets after crude prices surged during the war before retreating once flows through Hormuz began recovering.
US tightens sanctions on Iranian oil trade
The US has moved to close a brief window of flexibility on Iranian energy exports, revoking a June authorisation and replacing it with a narrow wind‑down period that runs only until July 17
Mexico's Pemex proven reserves down 40% since 2014
Mexican state oil firm Petróleos Mexicanos (Pemex) reported that proven oil and gas reserves sat at around 7.47bn barrels of crude oil as of December 31, 2025, marking a 40% decrease from 2014.
Latin American countries import 55% more LNG from US in June
US liquefied natural gas exports to Latin America and the Caribbean hit a 37-month peak in June, reaching 48.84bn cubic feet (1.38bn m3), S&P Global reported.
Iranian oil continued reaching customers despite sanctions, EIA data shows
Iranian crude and petroleum products continued to reach international markets despite years of US sanctions, with EIA data identifying at least 154 vessels involved in transporting Iranian cargoes recorded at 19 ports in four countries.
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