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Petrol Group warns of €30mn hit to 2025 profits from Slovenia’s new fuel pricing regulation
The Slovenian energy company Petrol warned that new government regulations on fuel pricing will significantly impact its operations, with projected losses of up to €30mn in operating profit for 2025.
Serbia nears nuclear and hydrogen deal with South Korea
Serbia is poised to sign a cooperation agreement with South Korea’s state-run Korea Hydro & Nuclear Power (KHNP) focused on nuclear energy and hydrogen technologies.
Serbia’s NIS seeks fourth sanctions waiver from US
Serbia’s oil company NIS has submitted a request to the US Treasury Department for a fourth waiver of sanctions linked to its Russian ownership, seeking to extend its ability to operate beyond a looming June 27 deadline.
Sri Lanka’s CEB unveils new solar tariffs
The Ceylon Electricity Board has introduced a revised tariff structure for rooftop solar power systems aimed at promoting small-scale installations under a new 20-year agreement.
Hitachi Energy announces new power transformer manufacturing factory in Turkey
Hitachi Energy on June 19 announced a strengthening of its power transformer manufacturing operations in Turkey.
ISRAEL-IRAN WAR: Israel strikes Iranian nuclear facility and military bases in Ahvaz and Mahshahr
Israeli forces struck multiple Iranian targets on June 21, including military infrastructure in the southwestern cities of Ahvaz and Mahshahr.
Globeleq inks deal to acquire 51% in Zambia's Lunsemfwa Hydro Power Company from Norfund
An Africa-focussed independent power producer, Globeleq, has signed a share purchase deal with Norfund for the proposed acquisition of 51% equity in a Zambian power company.
South African start-up Open Access Energy raises $1.8mn for investment in digital power trading platform
A South African start-up which uses AI to enable digital infrastructure for electricity trading has secured $1.8mn to help advance the country's energy transition.
South African wind energy group urges policy shift to boost regional grid access
The South African Wind Energy Association (SAWEA) has said it is possible for the country to generate 10 gigawatts (GW) in new capacity by 2028 if a supportive policy framework is put in place across southern Africa.
Green Energy International starts operations at Nigeria’s new onshore crude terminal
Nigeria’s Green Energy International (GEIL) has completed the construction of the first indigenous onshore terminal built in the country in the last 50 years.
KenGen to inject 63 MW of geothermal power into Kenya’s grid by June 2026
Kenya Electricity Generating Company (KenGen), the state-owned power producer, is upgrading the ageing Olkaria I geothermal plant in the Rift Valley as part of plans to expand renewable power supply to the national grid.
Uganda, Tanzania, Zanzibar formalise oil and gas cooperation ahead of 2026 first production
Uganda has signed a tripartite Memorandum of Understanding (MoU) with Tanzania and its archipelago Zanzibar to strengthen regulatory collaboration in the oil and gas sector, as the country prepares to deliver its first commercial oil by 2026.
China’s JA Solar partners with ARTsolar to promote local PV module production in South Africa
Chinese photovoltaic (PV) module manufacturer JA Solar has formed a strategic partnership with South African PV maker ARTsolar to expand local solar module production.
Haiti plunged into darkness following sabotage at key hydroelectric facility
Haiti experienced a nationwide power outage on June 18 after saboteurs targeted the country's primary hydroelectric installation in Peligre, located in the Central Plateau region.
Nigerian lawmakers warn 13 oil firms over $456mn unpaid revenue
Nigeria’s House of Representatives has issued a warning to 13 oil companies over a combined $456.95mn in unpaid revenues owed to the federal government, with potential sanctions looming for non-compliance.
Brazil’s Petrobras CEO hopes for extraordinary dividend payout amid fiscal pressures
The CEO at Brazil’ national oil company (NOC) Petrobras, Magda Chambriard, expressed optimism about the company’s ability to distribute extraordinary dividends, a measure the Finance Ministry is considering helping achieve fiscal targets.
Zambia partners Baker Global Capital Africa to roll out $40mn project to electrify 209 local institutions
Zambia's government has embarked on a $40mn initiative to install solar systems to generate 50 megawatts (MW) at 209 public institutions east of the country.
Norway’s Miros deploys enhanced oil spill detection system offshore Brazil
Norway-based ocean insights provider Miros has upgraded its oil spill detection monitoring system for offshore Brazil operations in partnership with Brazilian navigation solutions provider Belga Marine.
Presence of foreign firms in oil auction shows confidence in Brazilian state, says Petrobras’ CEO
The CEO at Brazil’s national oil company (NOC) Petrobras, Magda Chambriard, said strong participation by international companies in a controversial oil field auction near the Amazon mouth demonstrates "confidence in the Brazilian state."
MET Group opens Hungary’s largest battery energy system, MOL to follow suit
MET Group, an energy company based in Switzerland with Hungarian roots, has inaugurated 40-MW/80-MWh battery storage at the Dunamenti Power Plant, 20 km south of Budapest (Szazhalombatta).
Russian ghost ship towed from Gdynia for scrapping in Denmark
Polish authorities began the removal of the derelict Russian oil tanker Khatanga from the Port of Gdynia after years of abandonment.
Caspian Pipeline Consortium plans legal claim over Ukraine drone strike
The Caspian Pipeline Consortium (CPC) is preparing to file a claim against Ukraine over a drone strike that cost the company an estimated RUB2.7bn ($34mn) in damage, the company’s general director Nikolay Gorban announced on June 18.
China’s curb on rare earth magnet exports could significantly impact Indian EV manufacturing
India’s automotive sector is navigating an emerging supply-side challenge as China’s recent export controls on rare earth elements and magnets begin to disrupt shipments and strain global supply networks.
Putin acknowledges Kazakhstan’s push to diversify oil exports, affirms Russian support
Russian President Vladimir Putin said Moscow is prepared to support Kazakhstan’s efforts to diversify oil export routes, even as the vast majority of Kazakh crude continues to flow through Russian territory.
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