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Venezuela’s idle drilling rigs draw interest as oil industry seeks to expand
Venezuela’s effort to increase crude production is beginning to draw investment towards dormant drilling equipment, with SLB and Formentera Partners working on plans to bring more rigs into operation or import additional units
Venezuela looks to Shell technology as it pushes to revive gas industry
A Venezuelan team was briefed on Shell’s technical and operational capabilities, including offshore exploration, reservoir management and technologies used in complex energy projects
Venezuela returns to SBO’s radar as oil industry seeks new equipment
Venezuela is emerging again as a potential market for oilfield equipment as international companies move to rebuild an energy industry that has suffered years of underinvestment
Venezuela’s oil comeback draws early US interest as investors weigh risks
Venezuela is trying to turn a recovery in oil production into a broader revival of its energy industry, with smaller US companies beginning to take positions despite lingering concerns over infrastructure, regulation and the protection of investments
Zimbabwe widens energy mix to unlock new power investment
Zimbabwe has widened the range of energy sources recognised under its regulatory framework, opening a clearer path for investment as the Government targets more than doubling electricity generation capacity to 6 000MW by 2030.
Tanker struck by projectile off Saudi Arabia's Yanbu, UK maritime authorities report
A tanker was struck by an unknown projectile and set alight off Saudi Arabia's Yanbu, UKMTO says, in the latest attack on Saudi-linked shipping in the Red Sea.
US says it has diverted 70 ships enforcing Iran blockade
US Central Command says it has diverted 70 commercial vessels and disabled three since resuming its naval blockade of Iran, which Tehran says has halted its oil exports.
Critical report says Argentina’s RIGI has concentrated investment in mining and oil
Argentina’s Large Investment Incentive Regime (RIGI) has concentrated investment in mining and hydrocarbons rather than broadening the economy into new sectors, according to a report.
Strait of Hormuz shipping slumps by nearly 90%
ADNOC Drilling mulls entry into Egypt's petroleum sector
ADNOC Drilling is exploring a strategic partnership with Egypt's petroleum sector, positioning itself to participate in an expanded onshore and offshore drilling programme planned over the next five years.
Iran’s Tang-e Bijar daily gas output set to soar 57%
Gas production at Iran’s Tang-e Bijar field in western Ilam province is set to climb 57% to 11mn cubic metres (mcm) per day in less than two months as the second phase of its development reaches 70% completion, a project official said.
Tajikistan seeks 2.5mn tonnes of oil from Iran amid Russian fuel shortage
Tajikistan has reportedly requested that Iran supply it with 2.5mn tonnes of oil and petroleum products, as a fuel crisis in Russia disrupts supplies from its traditional supplier.
Petrobras targets four Ghana blocks as Africa exploration push widens
Brazilian state-controlled oil major Petrobras (B3: PETR3; NYSE: PBR) has entered negotiations with Ghana over four offshore exploration blocks in the Keta Basin as it expands its African oil strategy.
Azerbaijan's crude oil exports to Switzerland, Greece jump, Germany slumps in H1 2026
Romania steps up efforts to restart Cernavoda nuclear reactors
Romanian authorities are changing their approach to restoring water levels at the Cernavoda nuclear power plant, building a dam and releasing more water from inland rivers, after weeks of efforts proved insufficient.
Kosovo’s KEK A4 unit returns to operation after repairs
China’s Inner Mongolia signs $27bn green computing deals
China’s northern Inner Mongolia region signed 12 commercial deals worth CNY186.46bn ($27.7bn) to build out its green computing sector and expand artificial intelligence exports, local officials announced on August 22.
NuEnergy Gas secures Indonesian CBM exploration extensions to advance South Sumatra gas hub
A 70%-owned subsidiary of Bursa Malaysia-listed Globaltec Formation Berhad (KL:GLOTEC), has secured critical regulatory extensions for its coalbed methane (CBM) portfolio.
Singaporean DBS Bank, Energy Market Authority call for bankable multilateral frameworks to accelerate power grid
Southeast Asian financial leaders and energy developers are pushing to transition the ASEAN Power Grid (APG) from pilot initiatives into commercial-scale infrastructure
Malaysian energy tech group DNeX sells idle FPSO Excalibur to MISC for $35mn
Malaysian energy and technology group Dagang NeXchange Berhad (KLSE:DNEX) is monetising its warm-stacked offshore production assets as a way to respond to evolving fiscal policies and regulatory preferences toward subsea tie-backs in the North Sea.
Thailand’s PTT boosts investment despite global energy risks
Thailand’s state-controlled energy giant PTT has unveiled a THB1.01 trillion ($30.9bn) capital spending programme, almost doubling its previous investment budget despite uncertainty in global energy markets.
Indonesia weighs tighter Pertalite subsidy rules to curb fiscal burden
The Indonesian government is restructuring its targeted fuel subsidy distribution framework as it is facing public debate over socioeconomic data classifications while seeking to curb a ballooning fiscal energy burden
Tata Power floats 50-MW/100-MWh BESS tender
Tata Power (NSE: TATAPOWER) has invited bids for the procurement of power from a 50-MW/100-MWh battery energy storage system (BESS) for a period of 15 years under tariff-based competitive bidding.
PGE, Ørsted complete 111 foundations for 1.5 GW Baltica 2 offshore wind farm
Poland's major power group PGE and its Danish partner Ørsted said they had completed the installation of all 111 foundations at their offshore wind farm Baltica 2 on schedule, with commercial output from the project planned for the end of 2027.
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