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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.

Nigeria considers crude and gas swap mechanism to cut domestic supply costs

Nigeria’s upstream regulator is consulting industry stakeholders on a domestic crude oil and gas swap mechanism aimed at lowering supply costs, improving refinery feedstock availability and strengthening compliance with domestic supply obligations.

Bangladesh shuts universities early as energy crisis forces conservation

Bangladesh has ordered all public and private universities to close from August 17, moving up Eid al-Fitr holidays as part of emergency measures to conserve electricity and fuel.

Malaysia’s solar market revenue projected to reach $1.24bn in 2026

Malaysia’s solar energy sector is projected to reach MYR5.04bn ($1.24bn) in revenue in 2026, registering a compound annual growth rate (CAGR) of 31.23% between 2023 and 2026.

Philippines advances safety measures at Manila nuclear plant

The Philippines made progress in implementing safety recommendations at its sole nuclear training facility, PRR-1 SATER, the International Atomic Energy Agency (IAEA) reported on August 12.

Vietnam’s Xuan Thien targets 5,000-MW floating solar project

Xuan Thien Group is exploring a 70,000-hectare integrated development in Vietnam’s southernmost province of Ca Mau, combining industry, agriculture, tourism, logistics and renewable energy.

Thai growth slows to 1.9% as energy costs weigh on economy

Thailand’s economic growth slowed to 1.9% in the second quarter as higher energy costs weakened domestic demand despite stronger investment and government stimulus.

India’s green energy InvITs boom is waiting to happen

The Indian renewable energy sector offers significant opportunities for Infrastructure Investment Trusts (InvITs) to deepen capital mobilisation in the space despite the limited existence of InvITs at present, according to a recent report.

Vietnam turns to LNG to meet rising power demand

Vietnam is turning to liquefied natural gas (LNG) to help meet rapidly growing electricity demand as it targets annual economic growth of at least 10% through 2030.

Sembcorp weighs IPO of Indian renewable energy arm, says plans remain preliminary

Singapore-based Sembcorp Industries Ltd. is evaluating a potential initial public offering of its Indian renewable energy business, Sembcorp Green Infra Ltd., but said discussions remain at a preliminary stage and no definitive decision has been made

India opens consultation on draft nuclear rules under SHANTI Act

India’s Department of Atomic Energy (DAE) has invited public feedback on draft rules and regulations aimed at implementing the country’s new nuclear legislation, which seeks to overhaul the legal framework governing the sector.

India’s Meine Electric to pilot indigenous Iron-Air battery technology at NTPC Simhadri

Chennai-based deeptech start-up Meine Electric is planning a pilot project at NTPC's (NSE: NTPC) Simhadri Thermal Power Station to evaluate its indigenous Iron-Air Battery technology for Long-Duration Energy Storage (LDES) applications.

Brazil takes biofuels to COP31

Brazil plans to push for a larger role for biofuels in global climate policy at this year’s COP31 summit in Turkey, as it seeks to build support for alternatives to fossil fuels.

Brazil’s Petrobras finds oil in Foz do Amazonas

Petrobras has found hydrocarbons in an exploratory well in deep waters off Amapá, in the Amazon River mouth basin, the state-controlled oil company said. The Morpho well, in block FZA-M-59, lies about 175 km offshore at a depth of 2,886 metres.

Venezuela plans 56.6mn cubic metres of gas supply to power system by December

Venezuela plans to increase methane gas supplies to its thermal power network, targeting deliveries of about 56.6mn cubic metres to the domestic market by December

Brazil bets on SAF boom

Brazil could become a major global producer and exporter of sustainable aviation fuel, but infrastructure, financing and regulatory gaps could limit its progress, agricultural economist Antonio Márcio Buainain said.

Venezuela grants BP, XRG and UCC gas licenses for Lorán field

Venezuela granted gas exploration licences to BP, Abu Dhabi-based XRG and Qatar’s UCC, expanding a push to attract international energy companies under interim President Delcy Rodríguez

Colombia's Ecopetrol executive says fracking could secure nation a decade of gas supply

Fracking could guarantee Colombia up to a decade of gas self-sufficiency, with projects already identified across the Magdalena river basin ready to proceed once regulatory barriers are lifted, said Ecopetrol's board chairman Luis Felipe Henao.

Namibia estimates 10bn barrels of petroleum resources after 50 exploration wells

Namibia has drilled about 50 oil and gas exploration and appraisal wells and estimates its petroleum resources at around 10bn barrels, of which about one-third could be commercially recoverable, Bank of Namibia Governor Ebson Uanguta has said.

Turkey slashes Russian oil imports amid drone disruptions to Black Sea shipments

Turkey cut crude imports from Russian ports in July as Ukrainian drone attacks disrupted Black Sea exports, with shipments expected to decline further this month.

Russia's fuel prices see 7.4% climb over H1

Retail fuel prices in Russia rose sharply in the first half of this year, with independent filling stations seeing particularly steep increases as supply tightened amid ongoing Ukrainian drone strikes against refineries.

Nigerian Navy dismantles three illegal refineries

The Nigerian Navy has dismantled three illegal refining sites and recovered about 85,000 litres of suspected illegally refined Automotive Gas Oil (AGO) in Rivers State as part of efforts to curb crude oil theft and illegal petroleum processing.

Iran to end internet filtering, first vice president says

Iran's president has decided to close the file on internet filtering, First Vice President Mohammadreza Aref says, though legal and security bodies that hold authority over the controls mean the process will take time.

Gas transit through Georgia rises 1.3%, oil transport falls 8.5% in first seven months

Analysts predict mid-to-high $80s per barrel oil prices for this year

Oil price forecasts for 2026 are converging around the mid-to-high $80s per barrel after months of extreme revisions triggered by the Middle East conflict.