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Singaporean energy company Aster launches integrated storage platform
Expanding its energy logistics footprint in Asia's primary oil trading hub, Singapore-based energy producer Aster has announced the launch of Aster Port & Terminals (APT), an integrated storage and marine logistics business
Denmark's COWI, Taiwan's SINOTECH partner on geothermal front
International engineering consultancy COWI and Taiwan's SINOTECH Engineering Consultants have signed a memorandum of understanding to jointly pursue geothermal energy projects in Taiwan.
India, Uzbekistan near long-term uranium supply agreement
India and Uzbekistan are close to signing a long-term uranium supply agreement, a senior Indian diplomat said after Prime Minister Narendra Modi's state visit to Tashkent.
India’s coal-fired power growth slows as renewables surge in August
India’s coal-fired electricity generation growth slowed in August as renewable power output increased sharply, although strong overall electricity demand continued to support coal consumption.
South Korean vessel hit in Hormuz trade route
Two crude carriers transiting outbound through the Strait of Hormuz were struck by unidentified projectiles, including one vessel operated by South Korean shipping firm Sinokor.
Vietnam to build nationwide used cooking oil network for SAF
Vietnam is set to develop its first nationwide used cooking oil (UCO) collection network to support sustainable aviation fuel (SAF) production under a new partnership between Malaysia-based FatHopes Energy (FHE) and PetroVietnam Oil Corporation
Thailand considers CO2-based vehicle tax to boost EV hub
Thailand is considering a vehicle tax system based on CO2 emissions as it seeks to strengthen its position as a regional electric vehicle (EV) manufacturing hub.
US-backed firm to displace Chinese and Russian oil operators in Venezuela
A US-backed energy company is set to assume control of Venezuelan oil projects that have been run by Chinese and Russian interests
Trump signals ExxonMobil return to Venezuela as oil industry reopens to foreign firms
ExxonMobil may be preparing to re-enter Venezuela, nearly 20 years after leaving the country, as the Trump administration pushes to revive its oil industry and bring international energy companies back
India boosts Venezuelan oil imports to highest level since 2020
India sharply increased purchases of Venezuelan crude in August, taking shipments from the South American producer to their highest level since 2020 as refiners responded to the easing of US sanctions
Polish power group PGE swings into profit in Q2
Poland's major power group PGE reported on September 1 its preliminary Q2 2026 results, showing a significant improvement in annual terms and exceeding the market consensus compiled by the PAP agency.
Chevron plans Venezuela expansion as Trump pushes new oil deal
Chevron is preparing to expand its operations in Venezuela, according to a US official, as President Donald Trump accelerates efforts to bring American companies back into the country’s oil industry
Russian hydropower major RusHydro 1H26 profit almost doubles on Far East earnings
RusHydro (HYDR) reported 1H26 IFRS revenue, including subsidies of RUB428.3bn ($4.9bn), up 20% year-on-year (y/y), EBITDA of RUB149.9bn, up more than 1.5-fold, and net profit of RUB60.3bn, almost 2-fold higher y/y.
Venezuela may leave OPEC, Trump says it is up to Caracas
Venezuela is mulling whether it should leave OPEC, Bloomberg has reported, citing sources. Venezuela is one of five founding members.
ADB approves $175mn loan to expand electricity access in Bangladesh’s Chattogram Hill Tracts
The Asian Development Bank (ADB) has approved a $175mn concessional loan to expand reliable and affordable electricity access across Bangladesh’s Chattogram Hill Tracts, where grid coverage remains significantly below the national average.
Venezuela Communist Party rejects US oil pact, calls it ‘savage plunder’
Venezuela’s Communist Party rejected a 25-year oil agreement between Caracas and Washington, accusing the government of transferring control over the country’s resources without public scrutiny or constitutional oversight
Machado casts Venezuela as energy ally as oil deal reshapes sector
Venezuelan opposition leader María Corina Machado said the country could become a major driver of energy and commercial growth across the Western Hemisphere
Africa’s upstream expansion opens opportunities for oilfield services companies, says AEC
Africa’s expansion of new oil and gas projects and efforts to extend the life of mature fields are creating growing opportunities for oilfield services companies.
Pentagon takes stake in Venezuelan oil venture as details of Trump's deal emerge
Controversial businessman Alejandro Betancourt's NABEP wins 100-year rights to 17 fields, but contradictions over ownership terms and unresolved legal questions cloud the "biggest oil deal in history."
Eni backs Venezuela energy revival as US expands oil role
Eni SpA said it is engaging with Venezuelan authorities as the country prepares for a major reshaping of its energy industry, with the US seeking a larger share of control over crude production
Brazil lands new offshore support deal
Floatel International has secured a letter of intent to deploy its Floatel Triumph unit for maintenance and safety services offshore Brazil for between four and eight months, with operations due to begin in the first quarter of 2027.
Ted Cruz calls for Venezuela elections to advance alongside US oil deal
US Senator Ted Cruz called for free and democratic elections in Venezuela to move forward alongside a new oil agreement with Washington, arguing that economic cooperation should not delay the country’s political transition
China seeks protection for oil interests in Venezuela after US deal reports
China called on August 31 for its interests in Venezuela to be protected after reports suggested a landmark oil agreement between Caracas and Washington could alter control of fields operated by Chinese companies
US Energy Secretary Wright heads to Caracas as Venezuela oil deals accelerate
US Energy Secretary Chris Wright is scheduled to travel to Caracas as Washington moves to deepen its involvement in Venezuela’s oil industry, with a series of agreements expected to be unveiled during the visit
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