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Etu Energias to buy Chevron stakes in Angola’s Block 14 for $260mn
Angola’s largest privately owned energy company, Etu Energias, has agreed to acquire Chevron’s interests in two offshore blocks for a base consideration of $260mn.
Russia's Rosneft enjoys bump in core earnings in H1
Russia’s state oil company Rosneft increased EBITDA by 23% year on year in the first half of this year, while higher spending on the Vostok Oil project pushed capital expenditure up by almost 12%.
Colombian companies target Venezuela as market reopens
Iran says Kharg oil hub remains operational after Trump AI video
Iran dismissed a video shared by US President Donald Trump purporting to show Kharg Island under attack, calling Trump’s posts “laughable” and saying oil operations on the key Persian Gulf export hub had not halted.
Russia fails to secure deal for Power of Siberia 2 after another meeting with China
Power of Siberia 2 is back on the agenda, but China still has little reason to rush into a 30-year gas commitment.
Turkey’s electric car champion Togg will never turn a profit and is hardly “native”, says ex-Renault Turkey CEO
Upcoming T6X model largely Chinese with Turkish cabin slung on top, he adds.
Uzbekistan sees bump in fuel import coasts in 7M 2026
Uzbekistan spent $2.51bn on imports of fuels and related products in January-July 2026, up 10.7% year on year, highlighting the country’s growing reliance on external energy supplies despite remaining an exporter of some fuels.
Another Russian-built Arc7 LNG carrier loads its first cargo
Russia’s new Arc7 LNG carrier Konstantin Posyet appears to have loaded its first cargo from the sanctioned Arctic LNG 2 project, adding another specialised ice-class vessel to the limited fleet available to serve the development.
South Africa’s Eskom more than doubles annual profit to $1.9bn as power sales fall
Eskom more than doubled annual profit after tax to ZAR30.3bn in the year to March 31, marking a second consecutive year of profitability as improved plant performance and higher tariffs outweighed a sharp decline in electricity sales.
Oman gas network operator targets end-2027 completion of three pipelines
OQ Gas Networks (OQGN), the exclusive operator of Oman’s natural gas transmission network, is targeting completion of three major pipeline projects by the end of 2027 as it expands capacity to meet growing demand from key industrial hubs.
Asian diesel supplies to Africa to hit highest level in four and a half years in August
Asian diesel exports to Africa are set to reach their highest level in at least four and a half years in August, as disruption to Middle Eastern supplies forces African buyers to seek alternative cargoes.
Colombia's Ecopetrol seeks board-rule change ahead of September shareholder vote
Ecopetrol is seeking to amend its bylaws before a September 15 extraordinary shareholders’ meeting, potentially giving Colombia’s government greater flexibility to replace the oil company’s board as it seeks to reshape its leadership
Russia's Novak orders greater scrutiny of fuel prices at independent filling stations
Russian Deputy Prime Minister Alexander Novak has ordered the energy ministry and Federal Antimonopoly Service to strengthen monitoring of fuel prices at independent filling stations.
Russian gasoline prices climb further 5% in week ending August 31 on exchange
Russia’s wholesale AI-95 gasoline price jumped 4.7% on August 31 to RUB80,167 ($1,000) per tonne on the St Petersburg International Mercantile Exchange.
Russia's Gazprom launches gas supply to Nefteyugansk city
Russia’s state gas firm Gazprom will begin supplying pipeline gas to Nefteyugansk in Russia’s Khanty-Mansiysk region on September 1, following the completion of new gas infrastructure serving the city.
KMG receives Chinese equipment for new Kazakh gas processing plant
The first batch of equipment was dispatched from a Chinese seaport to Kazakhstan in August.
Lesotho launches $5mn Semonkong hybrid power project
Lesotho has launched a LSL78mn ($5mn) World Bank-backed hybrid power project at Semonkong that will rehabilitate the mountain town’s ageing mini-hydropower station and add solar generation, battery storage and diesel backup.
Jordan keeps September fuel prices unchanged as treasury absorbs JOD224mn
Jordan has kept domestic fuel prices unchanged for September despite a rise in international crude oil and refined-product prices, particularly diesel and kerosene, with cumulative price differences borne by the government reaching about JOD224mn.
Eni wins Uruguay approval for OFF-5 offshore block, partners with YPF unit
Italian state energy company Eni said it had received approval from Uruguayan authorities to explore the OFF-5 offshore block, taking a 50% stake and operatorship in partnership with a subsidiary of Argentina's YPF.
Iraq targets 400mn standard cubic feet per day at Akkas gas field
Iraq’s Ministry of Oil is targeting gas production of 400mn standard cubic feet per day at the Akkas gas field in Anbar province by the end of 2030, with an interim target of 143mn standard cubic feet per day by mid-2027.
JCM Power selected for 30MW Mozambique solar project
Canadian independent power producer JCM Power has been selected to develop a 30MW solar photovoltaic power plant in Tete, marking its entry into Mozambique as the country seeks to attract private investment into renewable energy.
Guyana's proposed national oil company will seek to ensure the country's energy security
Guyana is looking to establish a national oil company which will act as a crude refinery, thereby plugging a hole in the country’s oil supply chain, as highlighted by the disruption around the Strait of Hormuz.
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