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Iran issues Gulf-wide energy hit list if Trump carries through on threats to destroy Iran’s energy sector
US President Donald Trump threatened to destroy Iran’s energy sector in a joint operation with Israel, prompting Tehran to issue a hit list of some of the most valuable assets in the Gulf if he carried through with the threat.
Ukraine strikes Russian containership in Black Sea as attacks on vessels continue
The attack took place at around 22:00 on July 31 while the vessel was sailing in international waters about 130 nautical miles from the Russian port of Novorossiysk.
Petrobras cuts fuel imports as US-Iran war drives refining to record highs
Brazil's state-run oil company Petrobras cut imports of oil derivatives to about 67,000 bpd in the second quarter.
EBRD provides €120mn loan to Croatia's Koncar for grid equipment expansion
The European Bank for Reconstruction and Development (EBRD) will provide up to €120mn in financing to Croatian industrial group Koncar to expand production of electricity infrastructure and grid equipment, the bank said on July 31.
Turkey takes Russian firefighting jets while sanctions leave Spain's grounded
Russia has sent two Be-200 amphibious firefighting aircraft to Turkey following a request from Turkish authorities, as wildfires burn across the country. Spain has Russian firefighting helicopters it can't use thanks to sanctions.
Nigeria regulators warn fragmented state electricity rules threaten investment, consumers
Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has warned that inconsistent regulations across emerging state electricity markets could weaken consumer protection and create uncertainty for investors.
Uzbekistan's 1H gas, oil and coal output declines, industrial production grows 8%
Uzbekistan's production of natural gas, crude oil and coal declined in the first half of 2026, even as overall industrial output rose 8% y/y to UZS 637.2 trillion ($53.3bn), with manufacturing remaining the country's largest industrial sector.
Nigeria’s Senate summons NNPCL, CBN and oil companies over NEITI audits
Nigeria’s Senate has summoned the Nigerian National Petroleum Company Limited (NNPCL), the central bank, regulators and more than 60 public bodies and oil companies for hearings into revenues, remittances and other issues.
Angola's Q2 oil export earnings jump 55% to $9bn on higher crude prices
Angola's oil export earnings rose 54.7% year-on-year to $8.91bn in the second quarter of 2026, driven by stronger international crude prices and higher export volumes, Lusa reported on July 30, citing government data.
Angola's Azule Energy begins construction of Greater PAJ FPSO topsides
Construction of the topside process modules for the Greater PAJ floating production, storage and offloading (FPSO) vessel has officially begun, a milestone in the development of one of Angola's strategic offshore oil projects, Azule Energy said.
Brazil’s Petrobras' P-33 platform departs Port of Açu for sustainable recycling in Rio Grande
Petrobras said its P-33 platform set sail from the Port of Açu, in São João da Barra, Rio de Janeiro state, bound for a shipyard in Rio Grande, Rio Grande do Sul, where it will undergo sustainable recycling.
Brazil's fuel subsidies to cost $1.3bn per month, minister says
Brazil's government will spend about BRL6.8bn ($1.3bn) per month on subsidies to soften fuel prices, Planning and Budget Minister Bruno Moretti said, comprising roughly BRL1.3bn monthly for gasoline and BRL5.5bn for diesel.
Karoon's Baúna FPSO in Brazil hits record 97.2% operating efficiency in second quarter
Karoon Energy said the FPSO vessel Cidade de Itajaí, operating at its Baúna field off the coast of Brazil, reached operating efficiency of 97.2% in the second quarter, above its targeted range of 90-95% and up from 96.1% in the first quarter.
Russia's huge diesel surplus is being drained by drones, not demand
Global diesel markets are at the centre of what Goldman Sachs calls a fuel crunch, with refinery activity at its lowest seasonal level since the pandemic and diesel exports globally down 35% year-on-year, according to experts.
Ukraine's refinery strikes settle into a routine of damage, repair and restart
Ukraine's long-range drone campaign against Russian oil refineries has become routine enough that analysts are now describing it as a predictable cycle rather than a series of shocks: strike, assess damage, repair, and restart.
Mozambique's Mphanda Nkuwa hydropower project targets $14bn in lifetime revenue
Mozambique's planned Mphanda Nkuwa hydroelectric project is expected to generate about $13.98bn in public revenue over its lifetime while creating up to 7,000 jobs during construction, AIM reported on July 30.
Europe enters the Pyrocene age of fire that makes its own weather
"The Pyrocene is here," climate researcher Peter Dynes wrote on X on July 28, as wildfires near Bordeaux began generating huge pyrocumulus clouds intense enough to create their own weather.
Russia floats plan for Sakhalin oil refinery
A proposed gas-condensate refinery on Sakhalin could meet the island’s entire demand for aviation fuel, although additional processing units would be needed for the plant to produce finished gasoline.
More Kazakh oil export disruption amid Russia-Ukraine war fallout
The Marshall Islands-flagged Nissos Sifnos was hit at 01:48 Moscow time on July 30 while loading Tengizchevroil crude at the CPC terminal’s third single-point mooring, the consortium said.
Oppenheimer Partners exits Ghana-focused Genser Energy after five-year investment
Genser Energy Investments has redeemed the entire shareholding held by OP Energy Holdings, completing Oppenheimer Partners' exit from the West African energy firm after a five-year investment.
L&T secures six-year EPC framework agreement with Petroleum Development Oman
Indian engineering and construction major Larsen & Toubro (L&T) has secured a six-year engineering, procurement and construction (EPC) framework agreement with Oman's leading oil and gas producer, Petroleum Development Oman (PDO).
Nigeria’s NNPCL to acquire 10% stake in Seplat offshore venture for $282mn
Nigeria’s state-owned oil company has agreed to acquire a 10% working interest in an offshore joint venture operated by domestic oil and gas company Seplat Energy (NGX:SEPLAT; LSE:SEPL) for about $281.6mn.
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