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Yemen's Houthis claim strikes on Saudi navy vessels in Red Sea
Yemen's Houthi movement says it struck a Saudi military landing ship and four escort boats with ballistic missiles in the Red Sea off Mokha, claiming the ship was destroyed. The assertions could not be independently verified.
Iran says Hormuz will stay shut until US lifts oil sanctions
Iran's parliament speaker Mohammad Baqer Qalibaf says the Strait of Hormuz will not reopen until the US lifts oil sanctions, frees blocked assets and ends its blockade, tying the vital shipping route to a disputed accord he says Washington has failed
Guyana’s oil revenue outlook strengthens despite production dip
Guyana’s oil output slipped in Q2, but lower cost recovery, higher crude prices and Uaru’s expected year-end start could sharply increase government revenues despite weaker production at Liza.
Guyana’s shallow-water data push targets an underexplored frontier
Viridien’s new 3D seismic survey is targeting Guyana’s underexplored shallow waters, combining modern imaging with legacy data to reduce exploration risk and strengthen the geological case for future offshore investment.
Peru targets fuel shock with temporary diesel subsidy
Peru introduces a temporary 15%-20% diesel subsidy for transport operators as fuel prices surge and protests intensify. The targeted measure aims to contain inflationary pressure while limiting the fiscal cost of a broader fuel subsidy.
Tanzania eyes power exports as Julius Nyerere hydropower project boosts capacity to 4,646MW
Tanzania’s electricity generation capacity has risen to about 4,646MW following the addition of 2,115MW from the Julius Nyerere Hydropower Project (JNHPP), giving the country a sizeable surplus over peak domestic demand
Ascania Energy and Chinese partner plan 100 MW of solar projects in Ukraine
Ukraine's Ascania Energy and China's Risen Energy have agreed to jointly develop solar power and energy storage projects in Ukraine with a combined capacity of up to 100 megawatts of solar generation and 200 megawatt-hours of battery storage.
Iran says oil slicks in Persian Gulf linked to tanker attacks
Oil slicks in the Persian Gulf and near the Strait of Hormuz were caused by attacks on vessels during the recent US-Israeli war against Iran, the head of Iran’s Ports and Maritime Organisation (PMO) said.
Iran secures 85% of budgeted oil revenue in five months, senior MP says
Iran has secured 85% of the oil revenue forecast in its current budget in just the first five months of the financial year despite an average 50% drop in oil sales during the period, a senior lawmaker said.
Aramco follows ADNOC out of Hormuz
Confronted by a widening arc of maritime risk, Saudi Aramco is quietly offering Gulf crude to Asian buyers from loading points beyond the Strait of Hormuz
South Africa’s IPP boom set to deliver record 4.1 GW in 2026
South Africa is on course to add a record 4.1 GW of independent power producer (IPP) capacity in 2026, more than double the previous annual record, as private electricity projects increasingly move into commercial operation.
KPC sticks with capacity targets despite regional volatility
KPC has recorded a resilient operational performance for the 2025-2026 financial year, maintaining steady production and refining throughput despite severe regional geopolitical disruptions
Iran resumes oil loading at Kharg Island after weeks-long pause
Oil loading at Iran’s Kharg Island, the country’s largest crude export terminal, has recommenced after a hiatus of more than two weeks, according to tracking companies, amid a renewed US naval blockade of Iranian ports and vessels.
Vaca Muerta investment accelerates as TGS, Vista and Tenaris expand projects
Energy companies TGS, Vista Energy and Tenaris are stepping up investment in Argentina’s Vaca Muerta shale formation, announcing plans covering more than $3.8bn in spending by TGS, $1.8bn a year by Vista and a new drilling rig for 2027.
Argentina nearly doubles recoverable oil estimate for Vaca Muerta
Argentina has nearly doubled its estimate of recoverable oil in the Vaca Muerta shale formation to 30.17bn barrels, from 16.22bn barrels in 2013, strengthening the government’s plans to expand crude exports and attract foreign currency.
YPF targets $10bn in annual exports and 20,000 new jobs
Argentina’s state-controlled oil company YPF expects its long-term energy projects to generate $10bn a year in exports and create 20,000 jobs, with the company planning to invest $29bn over the next four years once financing is completed.
ReconAfrica flows gas and potential liquids to surface at Namibia well
ReconAfrica has flowed natural gas and potential liquids to surface from a second zone at its Kavango West 1X discovery well in northeastern Namibia.
Nostrum Oil & Gas agrees $304mn sale of Kazakhstan operations
Nostrum Oil & Gas has agreed to sell its Kazakhstan operations for $304mn as the oil and gas producer prepares for an orderly wind-down following the maturity of its debt.
Iran targets 550,000 bpd at Azadegan with $10bn development plan
Iran is planning to more than double crude oil production at the giant Azadegan field near the Iraqi border under an integrated development plan.
Moldova selects 170 MW of wind projects for support under fixed-price scheme
Moldova has selected seven onshore wind projects with a combined supported capacity of 170 MW under the state fixed-price support mechanism, with each project required to install battery energy storage.
Romania’s electricity consumption falls 3.3% in H1, net imports shrink threefold
Romania’s total end-user electricity consumption fell 3.3% year on year to 24.1 TWh in the first half of 2026, driven by an 11.8% decline in household consumption. The country’s net electricity imports dropped by 68% to 0.77 TWh.
China targets grid connection for Haiyang nuclear unit
State Power Investment Corporation (SPIC) completed hot functional tests at unit 3 of the Haiyang nuclear power plant in Shandong province.
Nigeria's Dangote refinery challenges regulator over 15.5mn-barrel crude supply gap
Nigeria’s Dangote Petroleum Refinery has challenged upstream regulator NUPRC to substantiate its claim that the plant accepted 52.6mn barrels of the 68.1mn barrels of crude offered by producers in 2Q26, leaving a 15.5mn-barrel gap.
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