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Tanesco signs $23.89mn deal to expand power supply to Geita gold mine

Tanzania’s state-owned electricity utility Tanesco has signed a contract worth about TZS63bn ($23.89mn) with Sihotech Engineering Company in collaboration with Sieyuan Electric Company Limited (SZSE:002028) to expand power supply to Geita Gold Mine

Philippines reserves 7,500 capital ride-hailing slots for EVs

Transport regulators in the Philippines opened 7,500 ride-hailing slots in Metro Manila strictly for electric vehicles, the Land Transportation Franchising and Regulatory Board (LTFRB) announced in a statement.

Singapore, Laos sign Article 6 Paris Agreement framework to enable carbon credit transfers

Marking an expansion of cross-border carbon market frameworks within ASEAN, Singapore and the Lao People’s Democratic Republic (Lao PDR) have established a legally binding carbon credit collaboration under Article 6 of the Paris Agreement

Jamaat-e-Islami submits six proposals to Pakistan government on petroleum levy

Jamaat-e-Islami (JI) submitted six proposals to the Pakistani government for the abolition of the petroleum levy as the first round of negotiations ended in Islamabad.

China starts building second reactor at Zhaoyuan station

China Nuclear Engineering & Construction Corp (CNECC) began pouring first safety-related concrete for unit 2 at the Zhaoyuan nuclear power station in Shandong province.

Climate change could cut Cambodia’s GDP by nearly 10%

Eni deal improves chances of recovering $2.3bn Venezuela debt

After almost 30 years in Venezuela, Eni has accumulated substantial receivables from PDVSA while maintaining operations through political turmoil, economic crisis and US sanctions

India proposes mandatory storage for new solar, wind projects

India’s Central Electricity Authority (CEA) has proposed requiring new ground-mounted solar and onshore wind projects to install co-located energy storage, as the country seeks to strengthen grid stability amid rapid growth in renewable generation.

Bangladesh plans partial opening of petroleum market to private importers

Bangladesh is preparing to partially open its petroleum market to private companies, allowing them to import, store, distribute and sell refined fuel alongside the state-owned Bangladesh Petroleum Corporation.

Gilinski group takes control of GeoPark with Venezuela oil deal

Jaime Gilinski is expanding his business empire into Venezuela’s oil industry, signing an agreement with interim President Delcy Rodríguez that gives GeoPark a 25-year operating contract for the Bare block in the Orinoco Belt

Venezuela targets Orinoco oil revival with foreign investment and technology

The country has about 303bn barrels of reserves, according to PDVSA Vice President Jovanny Martínez, with approximately 270bn concentrated in the Orinoco region

Venezuela oil deal offers 2.5mn-barrel recovery path, Oxford says

A new US-Venezuela oil agreement could put the country's battered economy on a stronger growth path and improve its fiscal and debt position, Oxford Economics said

Venezuela blames power sabotage on oil deal protests

Venezuela's interim President Delcy Rodríguez accused protesters of sabotaging the country's electricity system following the signing of oil agreements with the US

Venezuela-US oil deal faces legal questions over concessions and control

At the centre of the dispute is North American Blue Energy Partners, which was granted rights to develop more than 65bn barrels of Venezuelan reserves without a public tender

Wright says lower Venezuela risk will unlock new energy investment

US Energy Secretary Chris Wright said a sharp reduction in perceived risk in Venezuela is opening the door to a new wave of investment in the country's energy industry

PDVSA uses treasury accounts as shield against creditor claims

The arrangement is intended to reduce the risk that creditors pursuing claims against PDVSA could target company-held funds

Brazil, Venezuela drive 10% surge in Latin America oil output

Brazil and Venezuela helped drive a 10% year-on-year increase in Latin American and Caribbean oil production in April, with the region producing 318mn barrels, according to the Latin American and Caribbean Energy Organization

Venezuela inflation slows to 8.9% in August after July surge

The National Consumer Price Index rose 8.9% from the previous month, the central bank said Friday, pointing to a more stable exchange rate and improved distribution of goods and services

Venezuela says it retains oil ownership under US deal

Venezuela sought to draw a line between foreign investment and control of its natural resources, saying it retains ownership of its oil reserves under a landmark agreement with the US to develop 17 fields containing about 65bn barrels of crude

Pakistan raises petrol price by PKR12.9 per litre as global oil hits six-week high

Pakistan's federal government increased the price of petrol by PKR12.9 and high-speed diesel by PKR3.72 per litre for September 8.

EBRD provides €194mn loan for Kazakhstan electricity grid modernisation

The European Bank for Reconstruction and Development (EBRD) will provide up to KZT 102bn (approximately €194mn) to Alatau Zharyk Company (AZhC) to modernise electricity distribution infrastructure in Almaty city and region.

Kazakhstan plans $327mn capacity expansion of oil pipelines that run to China

Kazakhstan plans to invest an estimated $327mn to expand the capacities of two oil pipelines that run to China, raising their combined capacity to 35mn tonnes a year.

Baku Climate Week outcomes to feed COP31 fossil fuel exit roadmap

Baku Climate Action Week 2026 (BCAW 2026) opens on September 9 and runs until September 11.

Colombia's Ecopetrol bondholders approve solar park merger in second-call assemblies

Colombia's De La Espriella pushes two close friends for top Ecopetrol positions

Colombian President Abelardo de la Espriella is pushing his business partner and campaign chief, Joaquín Gutiérrez, to lead state oil company Ecopetrol, while placing his electoral strategist, Carlos Suárez