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Russian fossil fuel revenues slip as CREA calls for tighter price cap enforcement
Russia’s fossil fuel export revenues fell 3% month-on-month in July to €585mn a day, as weaker crude oil and LNG sales offset a sharp rise in pipeline gas income, according to the July monthly update on Russia’s oil trade from CREA.
Naftogaz wins Austrian court approval to seize Russian assets worth over €120mn
Ukraine’s state-owned Naftogaz Group has secured permission from an Austrian court to enforce a $5bn arbitral award against Russia, in the latest step in its effort to recover compensation for the seizure of its assets in Crimea.
ASP Isotopes set for Johannesburg listing, will acquire Renergen, advance uranium enrichment plans with NECSA
Nasdaq-listed ASP Isotopes plans to list on the JSE and acquire 100% of South Africa’s only onshore helium and LNG producer while advancing uranium enrichment plans with NECSA.
Nigeria’s Elektron Finance launches $130mn bond programme for Lagos power project
Elektron Finance SPV has launched a NGN200bn ($130mn) bond issuance programme, marking its debut in the country’s debt capital market with strong institutional investor participation.
US losing ground to China in competition over Central Asia’s critical minerals
Lots of talk, little action.
US Westinghouse could develop electricity storage site near Slovak Gabčíkovo hydroelectric power plant
US power company Westinghouse is reportedly in talks with the Slovak government to develop a new type of electricity storage site near the Gabčíkovo hydroelectric power plant on the Danube river.
Iran’s No. 2 oil official in post despite resignation rumours, semi-official media says
Iran’s Deputy Oil Minister Hamid Bovard has not stepped down from his post as head of the National Iranian Oil Co. (NIOC), local media reported, two weeks after speculation swirled over his possible departure.
Onshore and off – Vietnam’s battle to balance its wind power sector
Vietnam’s onshore wind development is actively transitioning from fringe to mainstream, propelled by favourable geography, generous policies, and growing international investment.
Indonesia and Malaysia seek peaceful path in Ambalat Sea standoff
The Ambalat region, located in the Sulawesi Sea, has long been contested due to overlapping claims and its strategic importance for oil and gas exploration.
Hong Kong’s CK Infrastructure closes in on acquiring UK’s Grain LNG terminal
Hong Kong-based CK Infrastructure is the frontrunner to acquire Grain LNG import terminal from the UK’s National Grid.
TotalEnergies passes on investing in NextDecade’s Rio Grande Train 5
French supermajor TotalEnergies has chosen not to finance NextDecade’s fifth liquefaction unit at its Rio Grande export terminal in Texas.
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).
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