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Doosan Enerbility secures $671m contract for Oman’s 1.7 GW Misfah power plant
Doosan Enerbility has secured a contract worth around KRW 930 bn ($671 mn) to construct Oman’s 1,700 MW Misfah Gas Combined Cycle Power Plant, the South Korean power and infrastructure company announced on August 21.
Oman, Japan deepen energy cooperation amid focus on Hormuz security
Oman and Japan have expressed their resolve to deepen cooperation in clean energy, including the development of hydrogen and ammonia, as the two countries seek to strengthen economic and energy resilience amid heightened regional uncertainty.
Reatile to take minority stake in Shell Downstream South Africa after ADNOC takeover
ADNOC Distribution agreed in July to acquire 100% of Shell Downstream South Africa from Shell (LSE/NYSE: SHEL) at an implied enterprise value of about $1bn, before adjustments for net debt and working capital.
Sintana agrees $6.5mn deal for indirect 35% stake in Namibia’s PEL 37
Sintana will acquire 44% of Maravilla, a Namibian company that owns 80% of Paragon Oil & Gas. Paragon in turn owns and operates 100% of PEL 37, which covers 17,295 square kilometres offshore Namibia.
Moldova renewable auction raises questions over ownership transparency
Moldova is carrying out one of the fastest energy market reforms in Europe, but concerns have been raised over both transparency and the grid's ability to absorb additional electricity.
China squeezes India out of Russian crude as Beijing turns to Baltic cargoes
China has started buying Russian crude out of Baltic and Black Sea ports rather than Pacific ones, and India's refiners are the ones paying for it.
Iran parliament speaker urges Iraq to settle bilateral trade in national currencies
Iran's parliament speaker has urged Tehran and Baghdad to trade in national currencies rather than dollars, as Iran's closure of Hormuz cuts Iraqi oil revenue to as little as $1.2bn a month.
Malawi-Mozambique power link misses another commissioning deadline
Malawi’s long-delayed electricity interconnection with Mozambique has missed another commissioning deadline, leaving the country without a planned 50MW of imported power as demand exceeds available domestic generation by about 150MW.
Geregu Power remits overdue payment on $30mn bond after default
Geregu Power said it had remitted the overdue eighth coupon and fourth scheduled part-principal payment on its Series 1 bond to the instrument’s trustees, after FMDQ Securities Exchange flagged the bond as being in credit default.
Nigeria says deepwater tax overhaul targets $50bn investment, with potential to add 1mn bpd
Nigeria’s new tax incentives for deep offshore oil and gas projects could unlock as much as $50bn in investment and add almost 1mn bpd) of crude oil and condensate production within four to five years, according to the upstream regulator.
Nigeria's petrol subsidy removal freed up $11.7bn in resources, says finance ministry
Nigeria’s federal government said the removal of the petrol subsidy freed up an estimated NGN15.8 trillion ($11.7bn) for the federation between June 2023 and December 2025.
ASP Isotopes begins commissioning South African helium plant ahead of September shipments
ASP Isotopes (Nasdaq: ASPI; JSE: ISO) has begun commissioning the liquid-helium facility at its Virginia Gas Project in South Africa’s Free State province, with the first commercial shipments expected in September.
South African utility Eskom’s $185mn diesel prepayments scrutinised over 39mn litres outstanding
Eskom made $185mn in prepayments for diesel during a supply crisis in 2025. Investigative journalism outlet amaBhungane found that about 39mn litres remained outstanding more than a year later
Harold Hamm and Mercuria plan $4bn investment in Argentina’s Vaca Muerta
US oil producer Continental Resources and Swiss commodities trader Mercuria are planning to invest about $4bn over five years to expand oil production in Argentina’s Vaca Muerta shale formation.
Continental, Geopark among bidders as Neuquén draws 10 offers in Vaca Muerta tender
Gas y Petróleo del Neuquén (GyP), the provincial oil company overseeing Argentina’s Neuquén province, received bids for eight of 15 oil and gas blocks offered in its latest Vaca Muerta licensing round.
Ghana petroleum regulator says scrutiny has delivered $2.2bn in savings and potential gains
Ghana’s upstream petroleum regulator says tighter scrutiny of oilfield development and costs has delivered about $2.2bn in savings and potential gains.
Kenya allocates $20.86mn to connect 23,682 Makueni households to electricity
Kenya has allocated KES 2.7bn ($20.86mn) to connect 23,682 households in Makueni County to electricity during the current financial year, as the government expands access to power in rural areas
Tanzania nears completion of 400-kV line linking JNHPP to Dodoma
Tanzania has nearly completed construction of the 400-kilovolt (kV) electricity transmission line linking Chalinze with Dodoma, clearing the way for power from the Julius Nyerere Hydropower Plant (JNHPP) to be transmitted to the capital
Kazakhstan’s ORTALYQ Mining Enterprise commissions first production unit at Zhalpak uranium mine
Uzbekistan targets 620mn kWh annual output from small hydropower by 2030
HPPs are expected to generate 620mn kWh of electricity annually, supply around 350,000 households, save 187mn cubic metres of natural gas and prevent 311,000 tonnes of CO2 emissions.
Gas losses at Azerbaijan's Azerigas rose 7.3% in H1 2026, leaked documents show steeper decline
Naval drone carrying explosives destroyed near Romania’s Neptun Alpha platform
Foreign Minister Oana Țoiu directly linked the incident to the broader security threat posed by Russia's war against Ukraine, but did not explicitly state that Russia had launched the drone.
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