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Zimbabwe industry lobby urges authorities to promote investment in energy production as demand surges
Uganda signs $4bn oil refinery deal with UAE's Alpha MBM Investments
Uganda has finalised an agreement with UAE-based Alpha MBM Investments LLC to develop a 60,000-bpd crude oil refinery in Kabaale. The $4bn project is expected to begin construction later this year and could be operational within three years.
Jordan launches first CNG refuelling station powered by Risha field
Jordan inaugurated its first independent compressed natural gas (CNG) refuelling station for buses, trucks and other vehicles, in what officials described as a major step to expand natural gas use domestically and reduce energy costs.
Nigeria's Access Holdings pledges $100mn investment to enhance Zambia's energy security
Access Holdings (Access), a Nigerian banking group, has pledged $100mn to support Zambia's economic development with particular emphasis on the energy sector.
BP’s Whiting refinery hit by flooding
BP’s refinery in Whiting, Indiana, has had its operations disrupted by flooding this week.
EBRD to extend $200mn loan to Turkey’s Kazan Soda
Cenovus, Enbridge accused of greenwashing in complaint to Alberta Securities Commission
Oil sands producer Cenovus Energy and pipeline operator Enbridge have been accused by shareholder advocacy group Investors for Paris Compliance (I4PC) of misreporting disclosures related to their net zero commitments.
US Honeywell UOP to upgrade Libya’s main Zawiya oil refinery
US energy technology company Honeywell UOP has completed a comprehensive feasibility study for the development of the Zawiya Oil Refinery in Libya, describing results as “very encouraging"
Iraq to end fuel imports within months as petrol purchases decline
Iraq’s Oil Ministry announced a plan to end fuel imports by late 2025 or early 2026, after significant progress in refining capacity reduced reliance on foreign supplies, as reported by Iraqi News Agency INA on August 20.
Transmission project agreed in India’s Madhya Pradesh
The development will facilitate power transfer from 2.5 GW of renewable capacity situated in the Rajgarh and Neemuch special economic zones, where projects of 1,500 MW and 1,000 MW respectively are under way.
New partnership to increase scope of renewables projects in Malaysia
The two companies signed a memorandum of understanding setting out a framework for cooperation in areas such as grid access, permitting, technical planning and engagement with local communities.
Centrica signs gas deal with Devon
Centrica Energy has entered into a natural gas sale and purchase agreement with US shale producer Devon Energy.
Korea’s KEPCO to get a slice of new Saudi solar project
A consortium led by Masdar has reached financial close on a major solar power development in Saudi Arabia, marking a significant step in the kingdom’s renewable energy drive.
Iran to save $1bn as diesel imports fall to zero, deputy oil minister says
Iran has stopped importing diesel for several months, a shift that could save the country about $1 billion annually, the head of the National Iranian Oil Refining and Distribution Co. (NIORDC) said.
PetroVietnam ready to start thermal power project construction
The O Mon 4 plant forms part of the wider Block B–O Mon gas-to-power project, a strategic initiative designed to tap domestic offshore gas reserves for electricity generation.
Talos announces Daenerys discovery in US Gulf
Talos Energy has discovered hydrocarbons at the Daenerys exploration well in the US Gulf of Mexico.
Global South Utilities begins work on 50 MW solar project in Central African Republic
UAE-based renewables company Global South Utilities has commenced construction of a 50 MW solar power plant with 10 MWh of battery energy storage in the Central African Republic
Local media accuse Iranian Oil Ministry of indecision over development projects
Iran’s Oil Ministry is facing one of its most turbulent periods in decades, with mounting criticism over delays, contradictory policies, and what local media describe as “paralysis in decision-making.
Ukrainian drone strikes on Russian refineries drive up petrol prices, shortages looming
Russian wholesale gasoline prices are soaring to record levels following a series of Ukrainian drone strikes on critical refinery infrastructure. Analysts warn that Russia is facing fuel shortages in the coming weeks, Meduza reported on August 21.
Caution continues among US shale drillers
US shale drillers continue to act with restraint, exercising caution in the face of market uncertainty and shareholder pressure, but are able to exceed performance expectations thanks to efficiency gains.
Guyanese oil output expected to flourish as Americas' outlook revised down
Oil production across the Americas is projected to reach 63mn barrels of oil equivalent per day by 2031, representing a 7% increase from 2024 levels, according to Westwood Global Energy Group's latest Wells & Production Outlook.
Argentina's Río Negro province opens bidding for Vaca Muerta shale exploration
The provincial administration of Río Negro in Argentina has announced a public tender for rights to explore and eventually develop unconventional hydrocarbons in its section of the vast Vaca Muerta formation.
Exxon-led consortium pays Guyana nearly $78 Million in Q2 oil royalties
During the second quarter of 2025, Guyana received approximately $77.9 million in royalty payments from a consortium headed by ExxonMobil .
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