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Ghana strikes $2bn oil deal with global energy firms to extend Jubilee, TEN production to 2040
Ghana has reached an agreement with international oil companies to extend licences for its flagship offshore oil fields to 2040, unlocking up to $2bn in fresh investments aimed at boosting energy output and long-term economic growth.
Wildfires temporarily knock out oil sands production
Wildfires in the Canadian province of Alberta have resulted in more than 344,000 barrels per day of oil sands production being disrupted.
Pakistan’s power sector in 2025 at a critical juncture
The country recorded notable growth in solar energy deployment and added new renewable capacity, but these gains came against the backdrop of deep-rooted structural challenges
EOG to expand in Utica with $5.6bn Encino acquisition
EOG Resources has struck a deal to acquire Encino Acquisition Partners from the Canada Pension Plan Investment Board and Encino Energy for $5.6bn.
Brazil eyes oil cash to meet fiscal targets
Brazil’s government is seeking to raise $6.2bn from the oil sector over the next two years to help meet fiscal targets.
Nigeria's SERAP sues NNPCL over missing funds
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Co. Ltd (NNPCL) for the state-owned company’s failure to account for NGN500bn ($316.4mn).
NEO: Wildberries online retailer voluntarily offset its carbon footprint in Russian Far East
Wildberries, a major online marketplace that operates across Eurasia, has voluntarily offset the carbon footprint of its order pick-up points in the Russian Far East, Russian Forbes reported citing a company statement.
Czech Supreme Court lifts blocking of Dukovany nuclear contract
The Czech Supreme Administrative Court has lifted the blocking of the contract between the South Korea Hydro & Nuclear Power and the Czech side for the major €16bn Dukovany nuclear power plant enhancement.
$5bn Uganda–Tanzania crude oil pipeline (EACOP) project now 60% finished
The $5bn East African Crude Oil Pipeline (EACOP), a controversial flagship infrastructure project stretching 1,443 kilometres from Hoima, Uganda to Tanga port in Tanzania, is 60% completed.
Nigeria’s CNG drive attracts $500mn investment, creates over 10,000 jobs
Nigeria’s compressed natural gas (CNG) sector has attracted over $500mn in investment and created over 10,000 direct jobs in under a year. The growth in jobs comes as the government intensifies efforts to promote alternative energy transportation.
CITIES IN PERIL: Droughts and heatwaves grip Tehran
The Iranian capital’s vulnerability to the changing climate presents a significant national challenge.
Hungary's MOL signs onshore exploration agreement with Azerbaijan's SOCAR
MOL has signed key terms for an exploration, development and production sharing agreement with Azerbaijan’s state oil company SOCAR for the Shamakhi-Gobustan region of the country.
Woodside Energy initiates arbitration proceedings against Senegal over tax assessment at Sangomar project
Woodside Energy, Australia’s largest independent oil and gas company, has filed an arbitration request with the World Bank’s International Centre for Settlement of Investment Disputes over a tax assessment dispute with the Senegalese government.
Australia approves Woodside’s request to extend North West Shelf plant to 2070
Woodside Energy’s request for an extension until 2070 of the life of its North West Shelf LNG facility has been granted approval by the Australian government.
BP acquires stakes in Karabagh and ADUA blocks, approves $2.9bn Shah Deniz Compression project
BP has deepened its presence in Azerbaijan’s offshore oil and gas sector with two major moves.
Russia’s Gazprom has quietly shelved Turkey gas hub plan, says report
Project praised by Putin no longer seen as viable, sources at energy giant cited as saying.
40% of glaciers beyond saving
A recent scientific analysis reveals that Earth's glaciers are in critical condition, with nearly 40% of their ice mass effectively beyond saving – even if global temperatures were to stabilise immediately.
$14bn in US cleantech projects, 10,000 jobs cancelled so far this year
More than $14bn in clean energy and electric vehicle manufacturing investments—and 10,000 planned jobs – have been scrapped or postponed in the US this year, according to a new analysis from E2 and the Clean Economy Tracker.
Kyrgyzstan offers to help Tajikistan build artificial glaciers
Each "ice tower" costs between $3,000 and $4,000 and can store up to 50,000 cubic metres of water. Kyrgyz have already built around 30.
May exports from Trinidad and Tobago’s Atlantic LNG rise
Trinidad and Tobago’s flagship Atlantic LNG export terminal witnessed a 43% climb in exports during May compared to April.
Iraqi-US relations sour following deal with Kurdistan Regional Government
Iraq’s position on the US oil sector investment has soured, with the country filing a lawsuit on May 26 that accused the US government of allowing companies under its control to agree to oil exploration and production deals directly with the KRG.
40% of Europe already in a drought before summer gets fully underway
As Europe slides into its third disaster season, 40% of the EU is already officially facing a drought before the hottest months of the year arrive. And this year’s droughts are likely to become even worse than previous heatwaves.
AMEA Power inaugurates 500MW wind plant, Africa’s largest, in Egypt’s Ras Ghareb
The UAE renewable energy firm AMEA Power has successfully commissioned a 500MW wind power plant in Egypt’s Ras Ghareb in the Red Sea governorate, nearly 2.5 months ahead of schedule.
Fires could turn Amazon rainforest into a desert
Fires could turn the Amazon rainforest into a desert as human activity and climate change threaten ‘lungs of the world’, says a study.
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