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Oman targets 48% cut in upstream oil and gas emissions
Oman’s Ministry of Energy and Minerals is targeting a 48% reduction in greenhouse gas emissions from the country’s upstream oil and gas sector, a senior official announced on June 13.
Bulgaria secured Lukoil waiver in exchange for hosting US aircraft, former minister says
Ukraine launches another major drone strike, hitting fuel depot and chemicals plant
Ukraine launched one of its largest recent drone attacks on Russia overnight on June 14, striking a state fuel storage depot northeast of Moscow and a major chemicals plant in Tula region.
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.
Russian gas supplies to Uzbekistan via Kazakhstan rose 15% in 2025, says Gazprom
Uzbekistan's natural gas imports from Russia reportedly rose by 15% in 2025.
Uzbekistan's solar and wind power output exceeds 5bn kWh in under six months
Uzbekistan generated more than 5bn kWh of electricity from solar and wind power from the start of this year to June 8, according to the Ministry of Energy.
Russian research firm Euler expects Urals oil discount to narrow to $17 per barrel by end of year
The discount for Russia’s Urals crude to Brent is expected to narrow to $17 per barrel by the end of 2026, down 26% from the second quarter.
London court concludes hearings on Nord Stream insurance dispute
A London court has concluded hearings in a dispute over insurance payouts to the operator of the Nord Stream gas pipelines following the 2022 explosions in the Baltic Sea.
Kazakhstan presses ahead with gas processing project at Kashagan oilfield
Kazakhstan has moved ahead with plans to build a 2.5 bcm-per-year gas processing plant at the Kashagan oilfield, a project expected to support higher oil production at one of the country’s largest upstream assets.
UK's EnQuest shifts its focus from homeland to Malaysia
UK-based EnQuest has agreed to acquire interests in four offshore production sharing contracts in Malaysia, in a deal that would more than double its production and shift most of its output to Southeast Asia.
Swedish firm bags $105mn tube order for Eni's Kutei North gas project
Swedish alloy specialist Alleima announced on June 10 won an order worth around $105mn to supply advanced umbilical tubes for Eni’s Kutei North Hub project offshore Indonesia.
Japan rules out domestic gas discovery as not large enough for immediate development
Japan’s JAPEX has confirmed the presence of natural gas in part of an offshore reservoir in northern Japan, although the company said the discovery is not large enough for immediate commercial development.
Trading arm of Ukraine's DTEK receives US LNG at Dutch terminal
D.TRADING, the trading arm of Ukraine’s DTEK, has delivered a US LNG cargo to the Gate terminal in Rotterdam, expanding its role in Europe’s gas market.
Japan's JERA receives first LNG cargo from Australia's Barossa project
JERA has received its first LNG cargo from Australia’s Barossa gas project, adding a new source of supply to the portfolio of Japan’s largest power generation company.
London-listed oil player Pennpetro eyes expansion in Ukraine and US
Pennpetro Energy plans to acquire an initial minority stake in the Limnytska oil and gas licence in western Ukraine as it looks to build a diversified portfolio of producing and near-term oil and gas assets.
Serica continues UK North Sea expansion
London-listed Serica Energy has expanded further in the UK North Sea, acquiring producing interests from Dutch player ONE-Dyas that will add around 2,500 barrels of oil equivalent per day to its portfolio.
Junior oil producer UKOG exits UK onshore
UKOG announced on June 12 it had agreed to sell its entire 85.6% interest in the Horse Hill oilfield and surrounding PEDL137 licence in Surrey, England, to Aquis-listed energy B for £1mn in cash.
Shell pauses $3bn buyback programme
Shell has paused its $3bn share buyback programme after the publication of ARC Resources’ shareholder circular triggered related securities law requirements.
Russian arbitration court to hear Gazprom lawsuit against Poland's Orlen on July 24
An arbitration court in St Petersburg has scheduled a hearing for July 24 in Gazprom’s lawsuit against Poland’s Orlen and Europol Gaz.
Russia's Afipsky oil refinery damaged in drone strike
Russia’s southern regions came under another large-scale Ukrainian drone attack overnight on June 10-11, damaging the export-oriented Afipsky oil refinery in Krasnodar region and worsening fuel supply shortages in Crimea and Sevastopol.
Gazprom sells 110,000 of treasury shares held by liquidated entities in 2025
Gazprom sold 111,009 treasury shares on the market last year from liquidated legal entities after receiving them under rulings by the Arbitration Court of St Petersburg and Leningrad region.
Germany to launch fourth and final LNG terminal in September
Germany plans to commission a floating LNG regasification terminal at Stade in Lower Saxony in September.
Azerbaijan to supply more diesel to Armenia as relations improve
Azerbaijan lifted restrictions on transit cargo to Armenia through its territory in October 2025.
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