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Turkish group commits $382mn to expand Venezuela oil output
Çan2 Termik will invest $381.7mn over 20 years to raise production at Venezuela's CEMA oil field from 400 bpd towards 9,865 bpd, redirecting part of its capital from renewable energy projects.
Mozambique approves financing structure for Coral Norte LNG project
Mozambique has approved financing of up to $7.2bn for the Coral Norte liquefied natural gas (LNG) project in Area 4 of the Rovuma Basin, including arrangements enabling state-owned Empresa Nacional de Hidrocarbonetos (ENH) to fund its participation.
Uganda’s Museveni to break ground on $310mn Kampala fuel storage terminal
Ugandan President Yoweri Museveni has presided over the groundbreaking of the Kampala Storage Terminal (KST), a $310mn petroleum storage facility being developed about 26 kilometres west of Kampala.
Australia's Santos strikes LNG deal on Canada's Ksi Lisims project
Australia’s Santos has agreed separate LNG deals with South Korea’s POSCO Steel and Canada’s proposed Ksi Lisims LNG project, expanding both the sales and supply sides of its Asia-Pacific portfolio.
Valeura strikes oil in Gulf of Thailand
Canada-based Valeura Energy has made an oil discovery at the newly named Suraphi field near its producing Manora asset in the Gulf of Thailand, with drilling results strong enough for the company to move immediately into development planning.
Thailand faces growing LNG dependency: PTTEP CEO
Thailand could see its reliance on LNG rise from around 30% to 70% over the next decade unless it succeeds in sustaining domestic gas production, the incoming CEO of PTT Exploration and Production (SET:PTTEP) has warned.
Nigeria power minister says TBEA committed to equipment park
Nigeria’s Power Minister Joseph Tegbe said Shanghai-listed Chinese power equipment manufacturer TBEA Co Ltd (SSE: 600089) had committed to establishing a power and energy equipment industrial park in Nigeria.
Bangladesh plans mass gas plan to address energy security
Bangladesh plans to drill 300 gas wells in two phases and add three LNG import terminals as it seeks to tackle persistent domestic gas shortages and reduce the vulnerability of its energy system.
Lebanon and France agree to resume oil and gas exploration, broker end to Israel-Hezbollah war
Lebanese President Joseph Aoun and French President Emmanuel Macron agreed to expand economic and energy cooperation and work to end Israel-Hezbollah fighting following an in-person meeting.
Asia on track for second year of LNG demand decline
Asian LNG demand is on course to fall for a second consecutive year in 2026, as disruption to Middle Eastern supply drives prices higher and forces buyers across the region to curb consumption.
Takeaways from Gastech 2026: drill for whatever you can
Southeast Asia needs more LNG, but maximising domestic gas production is becoming a security imperative, Newsbase reports from Gastech.
Behran Oil board commits to capital increase from building revaluation in Iran
The board of Iran's Behran Oil Company commits to preparing a justification report for a capital increase from the revaluation surplus on its buildings, due within three months.
Bandar Abbas refinery board approves 119% capital increase to fund quality upgrades
The board of Bandar Abbas Oil Refining Company has approved a 119% capital increase that would take registered capital to IRR896.93 trillion, funding quality upgrade projects at Iran's third-largest refinery.
Foreign oil and gas companies cautiously move forward in Venezuela
A number of foreign companies are advancing their plans to develop oil and gas in Venezuela.
Ghana rolls out $70mn climate-resilience programme for farming regions with GCF backing
DFC approves €85mn loan to DTEK to expand battery storage in Ukraine
The US International Development Finance Corporation (DFC) has approved an €85mn loan to DTEK, Ukraine's largest private energy company, to support the expansion of the country's battery energy storage capacity.
Ghana cuts fuel exports to Burkina Faso and Mali as global supply tightens
Ghana’s state-owned BOST Energies has reduced fuel exports to Burkina Faso and Mali as tighter international markets and stronger domestic demand increase pressure on supply.
Turkey has potential for 10 bcm of biomethane/yr by 2040, says investment association
Turkey has the potential to produce up to 10bn cubic metres (bcm) of renewable biomethane per year by 2040 if existing biogas and landfill gas facilities are upgraded, according to a new analysis by an investment association.
Iran starts capturing associated gas from five oilfields near Iraq border
Iran has begun capturing associated petroleum gas (APG) from five oilfields in the country’s western Ilam province near the Iraqi border.
CNG use goes up 11% after Iran petrol price hike
Iran’s compressed natural gas (CNG) consumption climbed 11% in the first week after the government doubled its highest petrol price, the Oil Ministry said, signalling a shift in fuel use that could help ease pressure on fuel imports.
Brazil’s Lula cuts gasoline taxes, creates additional diesel subsidy weeks before election
Brazilian President Luiz Inacio Lula da Silva has signed a decree cutting gasoline taxes and a provisional measure creating an additional diesel subsidy.
Atomic Eagle identifies new uranium zones at Zambia’s Muntanga project
Atomic Eagle has identified uranium mineralisation at two new targets at Zambia’s Muntanga project as its 30,000-metre 2026 drilling campaign passes the halfway mark.
AMEA Power launches first Uganda solar asset with $27mn Ituka project
AMEA Power has started commercial operations at the $27mn, 24-MWp Ituka solar plant, the first utility-scale grid-connected solar photovoltaic project in Uganda’s West Nile region.
YPF raises $1.2bn in international debt issue at lowest rate in company history after S&P lifts forecasts but keeps rating capped
Argentine oil producer YPF has raised $1.2bn through a nine-year international bond issue at an effective interest rate of 7.85%, the lowest borrowing rate in the company’s history.
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