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Ruble vulnerable to foreign buybacks

The ruble could bear additional risks from share buyback offers to foreign shareholders similar to that reportedly considered by Lukoil oil major, Sberbank CIB analysts argue as cited by Kommersant daily.

Bangchak to acquire Esso, boosting rebranding efforts with a THB22bn deal

Bangchak Corporation has announced its acquisition of 2.28bn shares of Esso (Thailand), amounting to 65.99% of the total issued and sold common shares. The transaction is valued at approximately THB22.6bn ($645mn).

Chevron, Kinder Morgan take precautions ahead of Hurricane Idalia

Chevron evacuated staff from three of its offshore platforms in the US Gulf of Mexico this week, while Kinder Morgan shut certain infrastructure as precautionary measures in the face of Hurricane Idalia.

Head of Bolivia’s YPFB says company trying to reverse decline in gas reserves

Zimbabwean independent power producer set to commission 5-MW hydro plant in November

Istanbul-listed Turkcell obtains €30mn loan from Bank of China for solar investments

Brazil’s oil and gas production hits another record high in July 2023

Brazil’s hydrocarbon production marked yet another month-on-month rise in July 2023 and reached the record-high level of 4.482mn boepd.

Kenya Pipeline Company advances plans to take over KPRL refinery assets

Kenya Pipeline Company (KPC) has set in motion the process to take over assets belonging to Kenya Petroleum Refineries Ltd (KPRL), a now-defunct company set up by British companies Shell and BP to serve the East African region.

South Africa increases stages of power outages

Kazakhstan expects to transit at least 900,000 tonnes of oil via Druzhba pipeline to Germany within this year

British and Ugandan investors buy 11.45% of TAQA Arabia

Kazakhstan buys two new tankers with 8,000 deadweight tonnage for Caspian Sea oil shipments

Gulf Keystone raises ‘going concern’ doubts amid lack of Iraq, Turkey deal on continuing oil exports

Gas branch of Gazprom giant loss-making in 1H23

Ukrgasvydobuvannya discovers new gas field with 1 bcm in reserves

Ukrgasvydobuvannya, a subsidiary of Naftogaz, discovered a new gas field with reserves of 1bn cubic metres of fuel, the company announced on August 30.

COMMENT: The water and energy nexus in Central Asia

Climate change is real, and it calls for action at the global, regional, and national levels. One of its impacts is additional water stress in addition to what many countries experience already. Effective counteraction requires joint action.

Azerbaijan starts gas production from Absheron field in strategic energy boost

Hungary to increase purchases of natural gas from Azerbaijan

Power thirsty Kyrgyzstan’s 1H23 electricity imports grow 32%

South Africa, China sign power deals

South Africa signed a collection of deals with China on August 23 aiming to restore its struggling power sector with the hopes of easing a severe energy crisis that has been affecting the economy for years.

Thai-Vietnam LNG project a potential ground-breaker in regional LNG co-operation

In a recent meeting between the head of Vietnam’s Thanh Hóa Province and Thai energy developer Gulf Group it was provisionally agreed to build an LNG terminal in the province just south of Hanoi.

AsiaElec: Thai-Vietnam LNG project a potential ground-breaker in regional LNG co-operation

Bulgaria to probe secret deals with blacklisted Russians on TurkStream construction

Prosecutors are probing allegations that Bulgarians officials secretly met sanctioned Russians to speed up construction of the local stretch of the TurkStream pipeline.

EBRD mulls lending €125mn to E.ON Romanian unit

Sinopec sees interim net profits drop by 20.1% in first six months

Sinopec, China's and the world’s largest refiner by capacity, has reported a drop in total interim net profits for the first six months of 2023.Numbers declined by just over 20% compared to the same period last year.