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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.
UK’s Centrica delivers first LNG cargo to Honduras
British energy trader Centrica has delivered its first LNG cargo to Honduras.
Meridian secures thumbs up on New Zealand wind farm revamp
Meridian Energy has secured the final major resource consent needed to repower its 172-MW Te Rere Hau Wind Farm in Manawatū, New Zealand.
Manila taps South Korea to power nuclear revival
AboitizPower Corporation, one of the Philippines’ leading energy companies, has signed a landmark memorandum of understanding with state-owned South Korea Hydro & Nuclear Power to explore nuclear energy deployment.
IntelliNews Lambda: Europe's gas storage hurts German, Netherlands the most, the rest of EU not so much
Underground gas storage facilities across the European Union are 57.9% full - the lowest level ever recorded for early August since comparable data began around 2009-11 - leaving Europe with a badly depleted buffer heading into winter, RBC...
China launches Arctic 'Ice Silk Road' container route to dodge Red Sea chokepoint
Chinese container line Sea Legend has launched a weekly Arctic shipping service between China and the UK, branded the "Ice Silk Road," as shippers increasingly look to bypass Red Sea chokepoints threatened by Houthi attacks.
Turkey's first offshore wind tender could reshape its renewables mix, GlobalData says
Turkey's first offshore wind tender could reshape its power mix, GlobalData says, though the analytics firm expects only around 1.3GW of the government's 5GW 2035 target to actually be built.
Mozambique’s Rovuma LNG moves closer to FID as McDermott receives letter of intent
Africa’s largest private investment inches closer to making a financing decision.
Greece’s DEPA delivers LNG cargo to Bulgartransgaz
Greek energy company DEPA Commercial has completed the shipment of an LNG cargo to Bulgaria’s state-run energy firm Bulgartransgaz.
Excelerate Energy begins dredging work on Iraq’s first LNG import terminal
US LNG developer Excelerate Energy has begun dredging work on its floating storage and regasification unit for Iraq.
KRG and Pearl clash over Khor Mor gas to Kirkuk
The KRG has accused Khor Mor gas field operators of breaching contract by unilaterally routing supplies to federal Iraq
Oil transit fees owed to Turkey by Iraqi Kurdistan have vanished in Jersey, says MP
“This is called international robbery,” remarks opposition lawmaker, claiming documents show $229mn has evaporated on island.
Hungarian PM says ex-government failed to prepare energy system for climate change
Peter Magyar says the former government was aware for years that Hungary's electricity system was under strain but failed to address the risks.
Zimbabwe eyes $1bn turnover from lithium sulphate exports amid beneficiation drive
The forecast follows Zimbabwe's first commercial export of lithium sulphate from the Arcadia Lithium Mine, marking the country's entry into a higher-value segment of the battery minerals supply chain.
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