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Yemen's Houthis claim strikes on Saudi navy vessels in Red Sea
Yemen's Houthi movement says it struck a Saudi military landing ship and four escort boats with ballistic missiles in the Red Sea off Mokha, claiming the ship was destroyed. The assertions could not be independently verified.
Iran says Hormuz will stay shut until US lifts oil sanctions
Iran's parliament speaker Mohammad Baqer Qalibaf says the Strait of Hormuz will not reopen until the US lifts oil sanctions, frees blocked assets and ends its blockade, tying the vital shipping route to a disputed accord he says Washington has failed
KPC sticks with capacity targets despite regional volatility
KPC has recorded a resilient operational performance for the 2025-2026 financial year, maintaining steady production and refining throughput despite severe regional geopolitical disruptions
India’s green energy InvITs boom is waiting to happen
The Indian renewable energy sector offers significant opportunities for Infrastructure Investment Trusts (InvITs) to deepen capital mobilisation in the space despite the limited existence of InvITs at present, according to a recent report.
Peter Thiel's Milei bromance pays off with $76mn Argentina shale stake
Peter Thiel has taken a $76mn stake in Argentina's top shale producer, Vista Energy, deepening his ties to President Javier Milei's government and betting oil-rich Vaca Muerta will help power the next wave of AI.
African Energy Chamber, Lothian Vineyards to launch 'Drill Baby Drill' wine brand at AEW 2026
The African Energy Chamber and South African wine estate Lothian Vineyards have created “Drill Baby Drill”, an exclusive wine brand celebrating Africa’s energy industry ambitions.
Sar Mountain valley in North Macedonia gets a chance to heal after hydropower plans scrapped
For years, the Leshnica Valley in North Macedonia’s Sar Mountain National Park has been caught between plans to harness its mountain rivers for electricity and efforts to preserve one of the country’s most valuable natural areas.
Iraq pays $1.62 per barrel to Turkey for oil transported via Kirkuk-Ceyhan pipeline
Baghdad sold around 42mn barrels in July, made up of about 35mn from southern ports and 7mn from Turkey's Ceyhan terminal on the Mediterranean.
Belgium leads EU buyers as Russian LNG sales to the bloc jump 57%
The EU bought €809mn of Russian liquefied natural gas in June, 57% more than a year earlier, with Belgium the single biggest buyer.
Blame game under way as massive blackout hits Central Asia
Kazakh utility points finger at hydropower failure in Kyrgyzstan. Claims made by Kyrgyz officials about Kazakh power line disruption denied by Kazakhstan.
Europe killed 25,000 of its own people this summer for want of air conditioning
Extreme heat has killed more than 25,000 people across Europe this year, according to data compiled from government agencies and research institutions in Germany, Spain, France, the UK, Switzerland and the Netherlands.
EU gas stocks sink below 2021 lows before the hardest winter in five years
Europe's gas tanks are emptier than at any point on record for the time of year, and the cargoes that should be filling them are sailing to Asia instead.
Europe’s petrochemical collapse: plants close as investment heads for China
The situation was already severe in July 2025, as high production costs, ageing plants and a surge in global capacity led by China were forcing European producers to shut facilities or reconsider their presence on the continent.
US Gulf lease sale generates $82.7mn in high bids
The latest auction for oil and gas leases in the federal waters of the US Gulf of Mexico generated nearly $82.7mn in high bids this week.
Phillips 66, Kinder Morgan, HF Sinclair take FID on Western Gateway pipeline
Phillips 66, Kinder Morgan and HF Sinclair have made a final investment decision on the Western Gateway pipeline project.
World ties its hottest month on record as July heat sweeps three continents
The planet has just endured its joint-hottest month in 176 years of record-keeping, as searing July heat handed North America, Africa and Asia their warmest month ever.
Danube hits record 31cm low as drought idles central European reactors
The Danube has dropped to a record low of 31 cm in Budapest, idling nuclear reactors in Romania and Hungary as a fierce drought parches central Europe.
Caspian Sea water level hits 200-year low
The Caspian Sea has fallen to its lowest level in about 200 years and is still declining, a Tehran official said, blaming higher temperatures, evaporation, weaker inflows and lower rainfall for a drop of up to 20 centimetres a year.
Ukraine halted Black Sea tanker strikes after Vance's July 31 call with Zelenskyy, FT reports
Ukraine halted tanker strikes near Russia's Novorossiysk port after a July 31 Vance-Zelenskyy call, the Financial Times reported, as Washington moved to shield Chevron and Exxon's Kazakh oil interests.
Chevron's Peru exit puts offshore oil ambitions to the test
Eleven months. One letter to Perúpetro. Zero wells drilled. Chevron's Peru bet folded before it ever got its boots wet.
South Korea petrochemicals face renewed margin squeeze
South Korea’s major petrochemical companies returned to profit in the second quarter, but the recovery is expected to prove short-lived as margins deteriorate and global oversupply intensifies.
Tanzania, Uganda sign Vitol deal for Tanga energy hub that could draw over $20bn
Tanzania and Uganda have signed a non-binding agreement with Vitol Bahrain to develop a regional energy hub at Tanzania’s Port of Tanga, in a project that could attract more than $20bn in investment
Sasol and Envision Energy advance study of potential green hydrogen system in South Africa
South Africa’s chemicals and energy group Sasol (JSE:SOL, NYSE:SSL) and China’s green technology company Envision Energy are studying the potential development of a green hydrogen system at Sasol’s Sasolburg operations in South Africa.
Ukraine hits Russia with hundreds of drones, Moscow warns even bigger missile salvos on the way
Ukraine launched a barrage of more than 450 drones against Russia overnight on August 10, targeting 16 regions and occupied Crimea in one of its deepest and broadest strikes of the war, as Moscow's own military says it plans to sharply scale up.
AEC backs Venezuela’s push to attract upstream investment
Venezuela is seeking to attract more upstream investment as recent reforms provide a clearer framework for oil and gas development, the African Energy Chamber said after meetings with senior Venezuelan officials.
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