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Technip Energies wins €1bn Coral Norte FLNG contract in Mozambique in partnership with JGC, Samsung
Technip Energies (EPA: TE) has secured a contract worth more than $1.15bn for the Coral Norte floating LNG project offshore Mozambique, a major step in the development of one of Africa's largest gas provinces.
Romania’s largest solar park comes online
The 169 MW Iepurești photovoltaic park in Giurgiu County, fully owned by Israeli developer Nofar Energy, has entered the operational phase and is moving towards commercial operation, the company announced.
India’s data centre ecosystem expands beyond Mumbai
In the recent past India’s data centre industry has begun to look beyond Mumbai into cities like Hyderabad, Chennai, Delhi NCR, Pune and Bengaluru.
Ukraine’s energy future hinges on reform as war damage tops $88bn - KSE
Ukraine’s ability to keep the lights on through another wartime winter will depend as much on reform as reconstruction, according to a new report by the Kyiv School of Economics (KSE).
The world's record heatwaves - Statista
According to NASA, there is “unequivocal evidence that Earth is warming at an unprecedented rate”, Statista reports.
Fitch raises oil and gas sector outlook to improving on Hormuz closure price effect
Fitch has raised its 2026 oil and gas outlook to improving, lifting its Brent assumption to $87 on a five-month Strait of Hormuz closure, with prices seen at $100-110 before easing to $70 by September.
Atlantic 'cold blob' points to weakening ocean current nearing tipping point, study finds
The cooling of the North Atlantic "cold blob" is being driven by a weakening AMOC current system that may be nearing a tipping point, a new study using observational data has found.
Vaca Muerta seen as blueprint for Latin America's energy expansion
Energy industry leaders said Latin America has the resources needed to become a major global supplier of oil and natural gas, but warned that investment in infrastructure, regulatory stability and closer regional cooperation will be crucial.
Yemen declares ban on Israeli shipping in Red Sea
Yemen's armed forces have declared a total ban on Israeli shipping in the Red Sea, calling any Israeli vessel a military target, as Iran's missile strike on Israel widens the regional conflict.
Lesotho signs $6.2bn hydropower and AI project with aim of becoming power exporter
The agreement Lesotho signed with US-based Convalt Energy to develop a 1,200MW hydropower project and an AI data centre is valued at almost three times Lesotho's GDP.
Libyan crude exports fall to 19-month low amid infrastructure strain
Libya’s seaborne crude oil exports fell by more than 11% month-on-month (m/m) in May 2026, dropping to their lowest level in 19 months
Russian construction of Uzbekistan's first nuclear plant launched as leaders meet at St Petersburg International Economic Forum
In speech, Mirziyoyev tells delegates business is "shifting into the realm of technology, algorithms, logistics and infrastructure".
Egypt to connect 500MW Obelisk solar phase two to national grid within weeks, says minister
The second phase of the Obelisk solar project in Egypt’s Nag Hammadi, with a capacity of 500MW, will be connected to the Egyptian national grid within the coming weeks
Aramco accelerates offshore capex with new pipeline tender
Saudi Aramco has launched a new offshore pipeline tender, highlighting a sustained period of aggressive capital deployment across its upstream assets
Estonia’s Sunly and Rolls-Royce strike Baltics’ largest private battery storage deal
After Baltic region's synchronisation with the European electricity network and disconnection from the Russian grid, demand for balancing and frequency-control services has increased sharply.
Nigeria’s Dangote refinery raises throughput above nameplate capacity to 700,000bpd ahead of IPO
Nigeria's Dangote Petroleum Refinery has upped crude processing to 700,000 bpd, exceeding its 650,000 bpd nameplate capacity, and confirmed plans to double throughput to 1.4mn bpd as it pursues an IPO.
Egypt approves four oil and gas exploration agreements worth $53mn
The Egyptian cabinet approved four oil and natural gas exploration agreements with combined minimum investments of $52.97mn, committing to drilling six new wells
China Energy Engineering plans to expand renewable and desalination investments in Egypt
Cheniere awards EPC contract for next phase of Sabine Pass LNG expansion to Bechtel
Cheniere Energy Partners has entered into a lump-sum turnkey engineering, procurement and construction contract with Bechtel Energy for the first phase of the SPL expansion project.
Venezuela's Rodríguez visits India to seal Caracas's oil comeback
Behind Delcy Rodríguez's New Delhi visit lies a bigger story: how Venezuela's resurgent oil exports fit into Washington's strategy to wean India off Russian crude.
Inventory drawdowns mask impact of Hormuz disruption as clock runs down towards a September supply crunch
Global oil markets are relying heavily on inventory drawdowns to offset a supply shock caused by the closure of the Strait of Hormuz, with OECD stockpiles potentially reaching stress levels by mid-September if current trends persist, according to Oxf
Egypt, Chevron set September 2026 deadline to finalise Aphrodite gas field deals
Egypt and US energy major Chevron (NYSE:CVX) have agreed to finalise all core agreements to connect Cyprus’s Aphrodite gas field to Egyptian infrastructure for liquefaction and re-export by September 2026
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