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Pentagon takes stake in Venezuelan oil venture as details of Trump's deal emerge
Controversial businessman Alejandro Betancourt's NABEP wins 100-year rights to 17 fields, but contradictions over ownership terms and unresolved legal questions cloud the "biggest oil deal in history."
Erdogan provides Saudis with €47.50/MWh price guarantee for 2-GW of solar
Deal also includes zero-cost land, tax exemptions and offtake assurances.
Turkmenistan starts plugging its methane mega-leaks
Turkmenistan has sealed eight methane mega-leaks after UN satellite alerts, the first documented repairs by a state long ranked the world's worst for super-emitting leaks from oil and gas facilities.
Oil rises for second day as Hormuz disruption fears deepen
Oil rose for a second day as US-Iran hostilities deepened fears of prolonged disruption through the Strait of Hormuz, with Brent near $91 and only five commercial vessels a day crossing the waterway.
Floating solar emerges as India’s next frontier in the clean energy transition
In another boost to the solar power sector, the Indian Union Cabinet recently approved the Pradhan Mantri Surya Sarovar Yojana, a scheme for the development of floating solar photovoltaic projects.
Iran says Kharg oil hub remains operational after Trump AI video
Iran dismissed a video shared by US President Donald Trump purporting to show Kharg Island under attack, calling Trump’s posts “laughable” and saying oil operations on the key Persian Gulf export hub had not halted.
Turkey’s electric car champion Togg will never turn a profit and is hardly “native”, says ex-Renault Turkey CEO
Upcoming T6X model largely Chinese with Turkish cabin slung on top, he adds.
Iran's foreign ministry calls US Larak strike a Charter violation, appeals to UN
Iran's foreign ministry has condemned the US strike on Larak Island as a violation of the UN Charter and appealed to the Security Council and secretary general, casting its missile retaliation on US bases in Jordan as lawful self-defence.
US strikes Iran's Larak Island, Iran fires missiles at bases in Jordan
Iran’s Islamic Revolutionary Guard Corps (IRGC) said a “rogue supertanker” caught fire after striking two sea mines in the Strait of Hormuz, hours after the United States attacked an Iranian island in the Persian Gulf.
Equinor says attractiveness of stalled Tanzania LNG project has improved
Norwegian energy giant Equinor says the case for the long-stalled Tanzania LNG project has improved following the Middle East conflict.
LNG prices in Europe skyrocket to highest level since 2023
Europe is grappling with sky-high LNG prices not seen since January 2023 as the continent braces for winter with storage levels dipping.
US LNG feedgas demand hits highest level since April
Demand for natural gas to be used as feedstock at US LNG terminals reached its highest level on August 27 since April.
Brazil’s Petrobras investigates exporting LNG to Asia
Brazil’s state-run energy firm Petrobras is examining the possibility of exporting LNG to markets in Asia.
QatarEnergy extends force majeure on LNG deliveries to Italy’s Edison
Gulf LNG producer QatarEnergy has prolonged its force majeure status on deliveries of LNG cargoes to Edison until November.
Denmark’s Fayard shipyard receives third Russian LNG tanker
Danish shipyard is last to continue servicing Russian LNG vessels after France’s Damen Shiprepair Brest halted maintenance work in August 2025.
Trump announces deal giving US majority stake in Venezuelan oilfields
Washington-backed venture to take majority stake in 17 fields as Caracas seeks investment to revive its ailing oil industry and Trump faces pressure over petrol prices.
Permafrost is thawing on every continent that has it
Frozen ground is thawing deeper each summer almost everywhere it has been measured, according to the first global assessment of long-term monitoring data.
Europe is heading into winter waiting for Qatari gas that is not coming back
Europe's gas traders have spent the summer betting that the Gulf war would end in time. It has not, and the bill for that bet falls due in November.
High gas prices prevent European traders from filling empty tanks
Europe has ten weeks to fill its gas tanks and a price curve that punishes anyone who tries.
King Harald V of Norway dies at 89, son succeeds as King Haakon VIII
King Harald V of Norway, Europe's oldest reigning monarch, has died at 89 after a 35-year reign, the palace says. He is succeeded by his son, King Haakon VIII, with Princess Ingrid Alexandra now heir to the throne.
Iran's Araghchi says US pressure won't work after Qatar talks in Tehran
Iran's Foreign Minister Abbas Araghchi says diplomacy with the United States can be revived only if Washington accepts that pressure does not work following a meeting with Qatari officials on August 27.
Iran ties full reopening of Strait of Hormuz to US halting regional wars, Rezaei says
Iran will fully reopen the Strait of Hormuz only if the United States helps halt wars across West Asia, particularly in Lebanon and Gaza, security chief Mohsen Rezaei says, hours before US Central Command claimed it had cleared the strait.
Texas oil and gas employment drops in July
Oil and gas employment in the upstream sector in Texas declined by 1,200 jobs between June 2026 and July 2026.
Tallgrass announces open seasons for Pony Express, Seahorse pipeline capacity
US midstream player Tallgrass released separate announcements last week about open seasons on two of its pipelines.
AEC warns Wild Coast ruling could deter investment in African oil and gas
The African Energy Chamber criticised the Wild Coast ruling, saying it could weaken South Africa’s energy security and discourage investment in African oil and gas projects.
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