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COMMENT: Israel-Iran conflict intensifies with limited macro fallout but mounting geopolitical risk
The recent escalation in hostilities between Israel and Iran has signalled a shift from earlier, more calibrated exchanges to a broader and more sustained confrontation.
Chevron CEO urged staff to improve safety days before fatal Angola platform fire
In an internal video message on April 29, Chevron CEO Mike Wirth urged employees to reinforce safety standards following a rise in serious incidents.
Higher oil prices pose risk to Egypt’s strained budget
Officials from Egypt’s government said on June 16 that every $1 increase in global oil prices above the budgeted level adds roughly $76.9mn-$89.5mn per year to public spending and exerts more pressure on the fiscal policies.
ING: Oil in focus as Israel-Iran conflict escalates
Commodity markets are focused on escalating geopolitical tensions between Israel and Iran, with the Middle Eastern conflict sparking a surge in oil prices.
Petredec to build first VLGC-ready LPG terminal in Tanzania's Tanga Bay
Privately owned liquefied petroleum gas (LPG) shipper Petredec has announced plans to build Tanzania’s first large-scale, open-access LPG terminal at Tanga Bay, in partnership with Tanzanian conglomerate ASAS Group of Companies.
Hungary reiterates veto threat over new EU sanctions on Russian energy
Hungary to initiate the removal of a recommendation to phase out Russian energy imports from the agenda of EU energy ministers' summit in light of the situation in the Middle East.
Kazakhstan awards Russia, China one nuclear plant project each, Uzbekistan revises its plan to include large facility
Solution favoured by Astana will help balance relations with Moscow and Beijing.
Slovak PM Fico wants EU leaders to postpone vote on new sanctions against Russia
Fico had previously criticised the plan to phase out Russian fossil fuel imports by 2027, which the EU introduced last month.
Bosqar Invest raises €143.2mn with Croatia’s largest corporate sustainability-linked bond
Issuance drew strong demand from both regional and international investors, surpassing its initial target of €110mn.
ADNOC and Inpex progress to production phase of Abu Dhabi's Onshore Block 4
ADNOC and Japan’s Inpex have moved forward to the production phase of the emirate’s Onshore Block 4 concession, which is estimated to hold around 1bn barrels of oil equivalent.
BREAKING: Israel strikes oil depot in Shahran and fuel tank in western Tehran
Israeli forces have targeted the Shahran oil depot and a fuel tank in western Tehran as Iran strikes back at Haifa oil refinery.
Israeli strike sets ablaze Iran's largest gas field as energy infrastructure targeted
Phase 14 of Iran’s mammoth South Pars gas field, the world’s largest natural gas reservoir, was struck in an Israeli attack, setting parts of the facility ablaze.
Shell to increase LNG capacity by 12 million tonnes by end of decade
The world’s biggest LNG trader will raise its capacity by up to 12mn tonnes by the end of 2030.
NextDecade inks contract with Bechtel for Trains 4 and 5 at Rio Grande LNG
US LNG developer NextDecade has reached agreement with construction firm Bechtel for the building of two liquefaction trains at its Rio Grande LNG terminal in Texas.
Why South Korea must prioritise bilateral nuclear research over fragmented one-off projects
Should South Korea continue spreading its efforts across short-term, individual projects – often tied to specific, time-consuming contracts – or should it double down on long-term, bilateral nuclear research partnerships?
Asia surges ahead in global EV race as the West struggles to keep pace
Asia has firmly established itself as the epicentre of the global electric vehicle revolution, driven by a powerful combination of vast consumer markets, robust infrastructure and unparalleled control over essential raw materials.
The hidden cost of Indonesia’s nickel ambitions
Indonesia ranks among the top global producers of nickel, a critical component in electric vehicle batteries, smartphones, and wind turbines - making the country central to the global shift toward clean energy
CITIES IN PERIL: Boomtowns built on melting ground
The warming climate has opened up some of the world’s coldest regions to mining and shipping, but melting permafrost under cities like Yakutsk and Norilsk is causing buildings and infrastructure to crumble.
AfDB approves $184.1mn financing package for Obelisk Solar PV Project in southern Egypt
The African Development Bank (AfDB) has approved a $184.1mn financing package to support the Obelisk Solar PV Project in Qena, southern Egypt, the largest of its kind on the continent.
Gas crisis prompts Moldova's separatist Transnistria to extend economic state of emergency
President Vadim Krasnoselsky cited the worsening socio-economic crisis and severe energy shortages in the tiny breakaway republic.
CNG vehicle adoption accelerates across India
Air pollution remains a severe public health challenge in North India, especially during the winter months, with several cities in the region regularly feature among the world’s top ten most polluted.
Petredec set to construct Tanga LPG terminal in Tanzania
Singapore-based integrated LPG company Petredec is set to begin the construction of Tanzania’s Tanga LPG terminal – slated to be the largest LPG facility in the world once completed, according to Energy Capital & Power.
Expro deploys TRS technology to enhance Eni’s drilling operations offshore Côte d'Ivoire
Expro, a global provider of energy services to oil and gas exploration and production companies, has deployed its pioneering iTONG system for the first time in Sub-Saharan Africa offshore Côte d'Ivoire.
JERA signs deals to buy up to 5.5mn tpy of US LNG
Japan’s JERA has signed separate 20-year agreements to buy up to 5.5mn tonnes per year of US LNG from several different developers on the Gulf Coast.
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