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New initiative launched to redirect Gulf energy flows away from Strait toward Mediterranean
Syria envisioned as key cog in new energy distribution network.
After the blockade: what Hormuz’s reopening does and does not resolve
A US-Iran memorandum has reopened the Strait of Hormuz after 108 days, but structural damage to energy markets, insurance and tanker routes will persist well beyond the diplomatic announcement
Egypt and Eni discuss gas output increase and Cronos field link-up
Egypt is currently discussing plans with Italian energy major Eni to increase natural gas production from the company's concession areas in the Mediterranean and the Nile Delta, as well as the Cronos field link-up
OMV Petrom to invest €300mn in solar and storage project in Bulgaria
OMV Petrom will build a large-scale solar and battery storage project in Bulgaria, in a further expansion of its renewable energy portfolio in Southeast Europe.
Bosnia gas pipeline risks deepening political rifts, think-tank says
A planned EU-backed gas pipeline linking Bosnia & Herzegovina to Croatia could intensify political divisions within the country rather than easing its energy vulnerabilities.
Oil prices drop as Pakistan announces US-Iran deal
Oil prices fell in early Asian trading after Pakistan, which has been mediating efforts to end the US-Iran war, announced a deal that US President Donald Trump said would lead to the reopening of the Strait of Hormuz.
UK, Japan seal $24bn investment and tech partnership
More than 10 trade agreements were signed in total. These included an offshore wind farm project.
Baghdad and Erbil forge pact to shield Kurdistan oil infrastructure
Authorities in Baghdad and Erbil have agreed a joint security framework to protect international oil companies operating in northern Iraq
Turkey set to take $14bn hit from Hormuz crisis
Think tank Ember calculates cost to Ankara of energy shock caused by Iran war.
Egypt adds 12,000 barrels per day from two-week Western Desert investments
Egypt's petroleum sector has added nearly 12,000 barrels per day (bpd) of crude oil and condensates to Western Desert output over the past two weeks
Libya's oil revenues hit decade high in May on Hormuz crisis windfall
Libya's state-run energy utility, National Oil Corporation, registered its strongest monthly revenue performance in more than a decade in May 2026, as the Strait of Hormuz crisis pushed crude prices to elevated levels.
Why the Baku-Supsa pipeline is back at the center of the energy game
The transfer of operational functions of the Western Route Export Pipeline, better known as the Baku-Supsa pipeline, to the state authorities of Azerbaijan and Georgia may at first glance look like a purely technical development.
India’s soaring summer heat a growing drag on economic growth
India’s increasingly severe summer heatwaves are becoming a structural threat to economic growth, raising costs for businesses, reducing worker productivity and slowing growth in an economy that remains heavily dependent on physical labour.
Woodside blocks Inpex’s attempt to buy stake in Australia’s Browse LNG project
Australian LNG developer Woodside Energy has blocked an attempt by Japan’s Inpex to purchase PetroChina’s stake in the Browse LNG project.
Japan’s JERA signs 20-year LNG deal with Petronas
Japanese energy firm JERA has inked a 20-year sales and purchase agreement with Malaysia’s state-run Petronas.
BREAKING: Pakistan says final text of US-Iran peace deal agreed
Pakistani PM Shehbaz Sharif says a final text of a US-Iran peace deal has been agreed, with Islamabad finalising next steps, as US Vice President JD Vance warns against false claims over the terms.
EU's plastic garbage exports to Turkey reach all-time high
Country has opportunity to move “zero waste” agenda item from rhetoric to actual implementation ahead of COP31 co-hosting, says Greenpeace.
Egypt's Sun Misr wins €46mn gas turbine maintenance contract in Jordan
Egyptian maintenance firm Sun Misr has won an international tender worth €46mn issued by Arab Potash Company in Jordan for long-term gas turbine maintenance at the company's power generation station,
Italian energy major Eni enters The Gambia with award of offshore deepwater Block A1
Italian energy major Eni and the government of The Gambia have signed a petroleum exploration, development and production licence agreement for the Block A1 offshore the Republic of The Gambia.
Trump says US will hit Iran hard, signals move on Kharg Island oil hub in United States
US President Donald Trump says the United States will hit Iran hard and signals an intention to take Kharg Island and Iran's oil infrastructure, comparing the approach to US policy on Venezuela.
US shale driller Devon updates 2026 outlook following close of Coterra merger
US shale producer Devon Energy provided an updated 2026 outlook this week, which follows the closing of its merger with Coterra Energy in May.
US 'disables' tanker in Gulf of Oman over Iran oil, CENTCOM says
The US says it has disabled a Guinea-Bissau-flagged tanker carrying Iranian oil in the Gulf of Oman, the third merchant vessel struck this week, US Central Command says.
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