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North Sea operators ink charter on fast-tracking oil and gas decommissioning
Seventeen North Sea operators have signed a new charter aimed at accelerating the decommissioning of ageing oil and gas wells, as the UK regulator warns that a backlog of around 500 inactive wells could swell sharply over the coming years.
Chinese Sungrow Power lays foundation stone for storage facility in Egypt
Chinese manufacturer and renewable energy technology firm Sungrow Power Suez Energy Equipment (SZSE:300274) laid the foundation stone for its new manufacturing facility within the China-Egypt TEDA Economic and Trade Cooperation Zone
Saudi Aramco resumes crude loadings inside Strait of Hormuz after tanker attacks
Saudi Aramco has resumed crude loadings inside the Strait of Hormuz weeks after attacks on its tanker fleet, offering spot heavy cargoes as it works to restore disrupted exports.
Brazil’s Lula backs Amazon oil drilling
Brazilian President Luiz Inacio Lula da Silva defended oil exploration off the coast of Amapá, near the mouth of the Amazon River, after Petrobras reported hydrocarbons in an exploratory well in the region.
Serbia's Kodar Energomontaza to issue €50mn green bonds for renewables
Serbian engineering company Kodar Energomontaza plans to raise €50mn through green bonds to help finance two renewable energy projects with a combined capacity of 370 megawatts.
Energoatom covers Ukraine's $3.2bn household electricity subsidy in full
Ukraine's state nuclear operator has paid the entire cost of keeping household electricity below market price for the first seven months of the year.
Greece's Dynagas carried a third of Russia's Yamal LNG as Athens won its sanctions exemption
Tankers linked to Greek shipowner Dynagas carried more than a third of Russia's Yamal LNG this year, the same company at the heart of Greece's fight over EU sanctions.
Uzbekneftegaz former chairman denies role in alleged $656mn losses
Former Uzbekneftegaz chairman Bakhodirjon Sidikov has reportedly denied all 19 charges against him in a criminal trial involving the state-owned oil and gas company.
Mauritius’ labour union demands transparency on petrol price build-up
Mauritius’ decision to raise petrol prices by 10% has triggered criticism from trade unions and financial analysts, who warn the increase will squeeze household incomes and raise transport and consumer costs, Le Mauricien reported on August 18.
Colombia's Ecopetrol takes control of Brava in $1.2bn Brazil expansion
Ecopetrol has completed the acquisition of a 51% controlling stake in Brazilian oil producer Brava Energia for about $1.2bn, expanding the Colombian state-controlled company's reserves and production base in Brazil
Russia sends humanitarian aid to Cuba as energy crisis strains supplies
A delegation from Russia’s Civic Chamber delivered humanitarian supplies to Cuba during a visit to Havana on August 16, offering food and basic equipment as the island faces shortages of fuel, medicines and other essential goods
Ecuador signs $30mn deal with Petrobell to develop Amazon oil block through 2050
Ecuador's government has signed a $30mn contract with Petrobell for the exploration and exploitation of Block 94 - Tamya, located in the Amazonian province of Sucumbíos, on the border with Colombia, under an agreement running until 2050.
El Salvador rolls out solar self-consumption permits, offering decade-long tax perks
El Salvador has opened the administrative process for households and companies seeking to install renewable self-consumption systems, with the first phase focused on solar photovoltaic installations.
Iraq PM orders urgent action to tackle oil export crisis
Iraqi Prime Minister Ali Faleh al-Zaidi ordered the Oil Ministry to find urgent solutions to the fallout from the country’s oil export crisis, calling for tangible results within a week.
Renewables lead Turkey’s electricity capacity expansion
Renewable energy sources made up 88.1% of the new electricity generation capacity Turkey added between June 2025 and June 2026, according to cited data from the Energy Market Regulatory Authority (EPDK).
Uzbekistan invites China’s Sinopec to propose technology for 6,000-metre Ustyurt wells
Uzbekistan plans to drill oil and gas wells up to 6,000 metres deep in the western region of Ustyurt and has invited China’s Sinopec to propose technologies and commercial solutions for high-pressure, high-temperature projects.
Chariot signs China-backed term sheet for proposed Nigerian lithium programme
Chariot Resources (ASX: CC9) has signed a term sheet with Chinese partners for a proposed partner-funded drilling, trial-mining and direct-shipping-ore programme across its Nigerian lithium portfolio.
Nigeria’s Dangote Refinery lines up $1bn financing and underwriting package ahead of IPO
Dangote Petroleum Refinery has lined up a $1bn financing and underwriting programme as it prepares a Nigerian initial public offering that could become Africa’s largest-ever IPO.
Genser Energy secures $528mn financing to support West African expansion
Genser Energy Investments, a West African gas-to-power and energy-infrastructure company, has completed a €456mn ($528mn) term and revolving credit facility arranged by three major African banking groups to support ongoing projects
Nigeria’s DARES still needs power access for 11mn people as targets rise
Nigeria’s Distributed Access through Renewable Energy Scale-up (DARES) programme still needs to provide electricity access to almost 11mn people to meet its revised target of 16.28mn beneficiaries, after reaching about 5.3mn people so far
Global Atomic delays commissioning of Dasa uranium plant in Niger to H208 over financing
Global Atomic has pushed the commissioning of its Dasa uranium processing plant and initial yellowcake shipments from Niger to the second half of 2028 following financing delays
Trinidad and Tobago poised for bold hydrocarbon recovery with ExxonMobil set to deliver seismic results
ExxonMobil is expected to deliver seismic results from the ultra-deepwater TTUD-1 Block by end-August 2026, potentially unlocking broad resource potential offshore Trinidad and Tobago.
Mozambique sees LNG revenues topping $101mn by 2029
Mozambique expects state revenues from liquefied natural gas (LNG) projects to rise to more than $101mn in 2029, when TotalEnergies’ project is scheduled to begin production.
ExxonMobil and partners award $1.1bn of pre-FID contracts for Mozambique’s Rovuma LNG
ExxonMobil and its Area 4 partners have awarded about $1.1bn in contracts for long-lead equipment and early construction work for the Rovuma LNG project in Mozambique, as the developers move closer to a final investment decision (FID).
Zimbabwe set to gain share in global lithium market as processing expands, says BMI
Zimbabwe is poised to become a more important player in the global lithium market as new producers erode the dominance of Australia, China and Chile over the next decade, BMI said
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