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ESG trends gaining ground across Southeast Asia – by way of ESD stocks
Across the archipelagos and peninsulas of the wider ASEAN region, ESG is no longer confined to idealistic investor presentations. It is beginning to shape investment flows, boardroom decisions and national policy frameworks.
Libyan oil revenues reach $9.43bn
Libya’s central bank revealed this week that the country’s oil revenues had reached $9.43bn in the first half of 2025, making the oil industry an important contributor to the Libyan economy – according to Reuters.
Greenland’s ice sheet is melting, threating a sea-level rise of several metres, scientists say
Scientific studies from beneath Greenland’s vast ice sheet have revealed that the region may be far more vulnerable to melting than previously thought, and that threatens a dramatic rise in sea levels around the globe.
AEC defends Africa’s right to develop its energy resources amid criticism from Greenpeace
The African Energy Chamber has strongly rejected recent criticism from Greenpeace, accusing the organisation of consistently working to disrupt Africa’s energy development.
BALKAN BLOG: Can Croatia become a European energy and transport hub?
Croatia has ambitions to become a gateway for energy and trade in Europe, but questions remain about how far this can be achieved in a competitive field.
Saudi SABIC considers IPO for subsidiary Gas company
Saudi Basic Industries Corporation (SABIC) is studying strategic options for its National Industrial Gases Company (Gas) subsidiary, including a potential initial public offering.
Global sea temperatures reach 21°C to set new all-time record high in June
According to the European Union’s Copernicus Climate Change Service, the global average sea surface temperature reached 20.96°C in June, the highest for the month since records began.
Nigeria: Sunbeth Energies set to distribute Dangote fuel
Sunbeth Energies Ltd. this week signed an agreement with 650,000 barrels per day (bpd) Dangote refinery to purchase and distribute its refined petroleum products, placing the company among a select group with direct access to the plant’s output.
Just 111 of the world’s biggest companies are causing $28 trillion worth of climate damage, says study
Just 111 of the world’s largest fossil fuel companies are collectively responsible for an estimated $28 trillion in climate-related economic damage, and just ten of those companies are responsible for half of that total.
Climate crisis hits critical tipping point as temperatures soar in the Middle East
Climate change is becoming increasingly damaging to urban populations that officials in the Middle East are now warning that entire cities could be in danger of mass water shortages.
Trump administration grants final window for Venezuelan LPG trade
The US has provided a final grace period for companies to complete liquefied petroleum gas shipments from Venezuela, extending authorisation until September 5 for cargoes loaded before this week's deadline.
Russia’s June budget deficit widens sharply as military spending and oil revenues diverge
President Putin has lost his luck with oil prices and the budget deficit has widened sharply as budget revenues in June have fallen, but expenditure widened. Russia’s federal budget deficit surged to nearly RUB3.7tn ($41.4bn), or 1.7% of GDP.
KRG delegation in Baghdad to finalise oil, salary deal
A high-level Kurdish delegation arrived in Baghdad this week for final negotiations aimed at resolving a bitter and economically damaging dispute with the federal government
Albania issues arrest warrants in tax, money laundering probe targeting Bankers Petroleum
Chinese-owned Bankers is the developer of Albania's Patos-Marinza oil field, one of the biggest onshore oil fields in Europe.
Africa adds 4.5GW new hydropower capacity in 2024, says IHA
Africa made notable progress in hydropower development in 2024, adding over 4.5 GW of new capacity, more than double the 2 GW installed in 2023, according to the International Hydropower Association.
Experts warn of “cascading” climate tipping points that will kill the climate without immediate global action
World leaders must act with “immediate, unprecedented” urgency to prevent cascading climate tipping points that could have catastrophic consequences for billions of people, according to the Global Tipping Points Conferenrence delegates.
Melting polar ice is measurably slowing the earth’s rotation
Melting polar ice is slowing the Earth’s rotation, but not enough to offset an even greater acceleration caused by changes in Earth’s molten core. As a result, the planet is spinning faster, but not as fast as it should be.
BERTRAND: Conflicting views of the future - China chooses renewables, US chooses oil
We’re now in a fascinating, and probably unprecedented, situation where the world’s two greatest superpowers - China and the US - are actively building two entirely different visions of what the world's energy future should look like.
Earth experiences steady stream of heat records - Statista
Heat records have become commonplace in meteorological record-keeping, while new cold records have become few and far between, Statista reports.
Egypt approves $959,000 deal with USTDA to develop methane-reduction roadmap
Egyptian President Abdel Fattah El-Sisi approved on July 5 a grant agreement worth $959,000 with the US Trade and Development Agency (USTDA) to develop a roadmap for reducing methane emissions in Egypt.
LNG in Asia: A transitional step on the way to a greener future
As the global push for decarbonisation intensifies, liquefied natural gas - LNG - is emerging as a pivotal player in Asia’s energy transformation.
Southern Ocean current reverses for first time, signalling risk of climate system collapse
A major ocean current in the Southern Hemisphere has reversed direction for the first time in recorded history, in what climatologists are calling a “catastrophic” tipping point in the global climate system.
Global drought crisis pushes tens of millions towards starvation, warns UN-backed report
A deepening global drought crisis is pushing more than 90mn people to the brink of starvation, with mounting impacts on food, water and energy systems, according to a report released on July 1 by the UN.
St Petersburg braces for historic flood as Neva River surges past warning levels
St Petersburg is bracing itself for the worst flood in 160 years as the water level in the Neva surges thanks to heavy rain.
Poland rejects EU's 2040 emissions target as "unrealistic"
Poland will not support the European Union’s proposed 90% greenhouse gas emissions reduction target for 2040, calling it “unrealistic” and harmful to the country’s economic and energy security.
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