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OGT 2025 gains momentum: over 100 delegates registered as global energy leaders confirm participation
Registration is well underway for the 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025” (OGT 2025), to be held from October 22–24, 2025, in Ashgabat.
Freeport LNG granted 40-month extension for Train 4
Freeport LNG has obtained a 40-month extension from US federal regulators to finish construction of its Train 4.
Asian spot LNG prices fall after rising multiple weeks
Asian spot LNG prices have fallen amid weaker demand and high inventories.
Iran lifts oil output at Azadegan amid self-sufficiency drive
Iran has increased crude oil production by 38,000 bpd at its giant South Azadegan field
EU approves eighteenth sanctions package after Slovakia drops veto
The EU has approved the eighteenth sanctions package after Slovak Prime Minister Robert Fico agreed to drop his veto, saying that he had run out of negotiating options on July 18.
Czech energy utility ČEZ and UK’s Rolls-Royce sign agreement to build first SMR
The majority state-owned energy utility ČEZ and the United Kingdom’s Rolls-Royce SMR have signed an agreement to begin preparatory works to build the first small modular nuclear reactor in Czechia.
Fico claims Slovakia has obtained energy guarantees from EU and will unblock latest sanctions package against Russia
Slovakia’s populist Prime Minister Robert Fico said it would be "counterproductive" to continue blocking the EU’s 18th sanctions package against Russia.
Iraq turns to solar energy with 535 government projects and citizen incentives
Iraq's National Team for Renewable Energy and Energy Efficiency Projects confirmed that the Baghdad government has decided to implement 535 projects in government institutions to generate electricity through solar energy.
Mozambique set to construct new 240,000 bpd refinery
African independent Aiteo has signed a large engineering, procurement and construction (EPC) agreement for a new 240,000 barrel per day refinery in Mozambique.
COMMENT: Slovakia’ Prime Minister pushes back on EU gas phase-out, demands a delay to the sanctions as EU cracks widen
Slovak Prime Minister Robert Fico is becoming a major embarrassment for the EU plans to phase out all Russian gas imports by 2028.
ConocoPhillips asks to expand oil exploration in NPR-A
ConocoPhillips filed applications on July 14 to explore for more oil in the National Petroleum Reserve-Alaska.
COMMENT: Trump’s 100% tariff threat to Russian oil customers unlikely to work
Donald Trump’s threat to impose secondary sanctions on countries buying Russian oil is probably more symbolic than practical, says a leading oil analyst and senior fellow at the Carnegie Russia Eurasia Center, Sergey Vakulenko.
Thailand accelerates solar power push
Currently, Thailand boasts the largest solar capacity in the ASEAN region, with more than 3 GW of installed solar capacity as of 2024.
Mars crude contamination causes brief supply disruption
A brief supply disruption related to a zinc contamination issue in the Mars crude stream appears to have been resolved.
Sintana Energy secures extension on PEL79 in Namibia’s Orange Basin
Canadian oil and natural gas exploration company Sintana Energy has shared an update regarding Petroleum Exploration Licence 79 (PEL 79) which governs blocks 2815 and 2915 located offshore Namibia in the Orange Basin.
Pioneer Lithium secures uranium prospecting permit in Botswana
Botswana's government has granted a uranium prospecting licence to ASX-listed Pioneer Lithium Limited. The project’s uranium potential is supported by its past ownership by UraMin Inc.
Mozambique clears road for restart of TotalEnergies' $20bn LNG project
Work at Mozambique LNG started in 2019 but was suspended after an attack by Islamist insurgents near the site.
India hits 50% non-fossil fuel electricity capacity five years ahead of target
India has reached a major milestone in its energy transition journey, achieving 50% of its installed electricity capacity from non-fossil fuel sources, five years ahead of its Nationally Determined Contributions target under the Paris Agreement
Rhino Resources partners with Northern Ocean for deepwater drilling on PEL85 in Namibia’s Orange Basin
Norwegian drilling contractor Northern Ocean Ltd. has signed a contract with Africa-focused private explorer Rhino Resources to deploy its semi-submersible rig Deepsea Mira for deepwater operations offshore Namibia.
Czechia signs nuclear memorandum with Great Britain
Czechia has signed a nuclear memorandum with the United Kingdom aimed at cooperation in nuclear energy, including the development of small modular reactors.
Iranian crude exports to China hit peak
Iranian crude exports to China have climbed to their highest level since March at more than 1.7mn barrels per day due to sellers increasing shipments to avoid the effects of the recent conflict between Israel and Iran.
Slovak PM Fico delays approval of EU’s sanctions package again, blaming Slovak opposition
Slovak populist Prime Minister Robert Fico has again delayed approval of the latest 18th round of EU sanctions against Russia, blaming his latest blocking on the opposition parties in Slovakia.
COMMENT: What will Trump’s Russian 100% secondary sanctions do to the oil markets?
US President Donald Trump announced on July 14 that the US could impose 100% secondary sanctions on any country that does business with Russia if no ceasefire deal in Ukraine is reached within 50 days.
POSCO signs Aramco deal for Fadhili plant expansion
South Korea’s POSCO has secured a contract to supply steel to Saudi Aramco for the expansion of the Fadhili gas plant
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