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Venezuela-US trade more than doubles to $9.5bn in first half
Trade between Venezuela and the United States more than doubled in the first half of 2026, reaching $9.529bn as oil flows drove a sharp expansion in bilateral commerce
UNDP sees Venezuela GDP expanding 6.5% in 2026 despite inflation
Venezuela’s economy is on track to expand about 6.5% this year, according to the United Nations Development Programme, as stronger oil output, recovering commerce and increased access to foreign currency support growth despite elevated inflation
Russia’s share of India’s crude oil imports hits record 48% in June
Russia’s share of India’s crude oil imports climbed to a record 48% in June 2026, even as India sharply reduced overall purchases, highlighting the country’s growing reliance on Russian supplies.
Russia switches on its largest solar plant near the Chinese border
Russia's largest solar power plant, the 120-megawatt Abagaituyskaya facility, has begun operating in Zabaikalsky Krai near the Chinese border, developer Unigreen Energy said.
India targets five indigenous SMRs by 2033 as nuclear expansion gathers pace
India plans to develop and operationalise at least five indigenous small modular reactors (SMRs) by 2033 as part of a broader push to expand nuclear power, strengthen domestic manufacturing and bring private-sector companies into the industry.
Uzbekistan raises liquefied gas output target to 606,000 tonnes
State gas producer Uzbekneftegaz will commission 27 new wells in August and raise its year-end liquefied petroleum gas (LPG) production target by 86,000 tonnes to 606,000 tonnes, as authorities work to maintain domestic energy supplies.
Turkey’s household air conditioner ownership set to double in 10 years as heatwaves drive demand
Air conditioner ownership in Turkish households looks set to expand rapidly over the coming decade, with electricity consumption linked to residential cooling and heating expected to climb at a similar pace, according to a study.
Yinson leads Brazil’s Petrobras Albacora bid
Malaysia’s Yinson submitted the lowest bid in Petrobras’ tender for a new floating production, storage and offloading vessel for the Albacora field in Brazil’s Campos Basin, offering $2.3bn.
Laos power utility revenue rises 9.4% in first half of 2026
Electricité du Laos (EDL) recorded a 9.4% increase in revenue during the first half of 2026, reflecting stronger electricity generation and demand.
Thailand’s PTT returns to Indonesia after oil spill deal
Indonesia is set to lift an investment moratorium on Thai energy giant PTT after the company paid compensation linked to a 2009 oil spill in the Timor Sea.
Vietnam oil and gas firms hold nearly $6.8bn in cash
Vietnam’s oil and gas sector continued its profit streak in the second quarter, while its biggest companies accumulated almost VND178.5 trillion ($6.8bn) in cash and cash equivalents.
Castro-style capitalism—Cuba's 176-measure reform package promises change without political reform
US fuel imports expose Cuba’s widening energy divide
US fuel shipments to Cuba’s private sector are providing limited relief from an energy shortage while fuelling a costly resale market, as Havana moves to loosen state control over the industry
Scatec completes Africa’s largest hybrid solar and battery project in Egypt
Norwegian renewable power producer Scatec (OSL: SCATC) has reached commercial operations date (COD) on the final phase of its Obelisk project in Egypt, completing what the company describes as Africa’s largest hybrid solar and battery installation.
Zambia commissions first solar-hydro hybrid power plant
The solar plant is designed to operate alongside the existing Lunsemfwa hydropower station and supply electricity to the national grid, helping diversify a power system that has historically depended heavily on hydropower.
Lithuanian LNG operator to work on Vietnamese import infrastructure
Lithuanian LNG terminal operator KN Energies has agreed to work with Vietnam-based Indel Petro on the development of LNG import infrastructure in Vietnam.
UK's PX to handle LNG terminal in Bahamas
UK-based PX Group has been appointed to operate and maintain the LNG import and regasification terminal under development at Clifton Pier in New Providence, the Bahamas.
Australia's EVOL LNG to supply Murchison gold project
Australia’s EVOL LNG has signed Rox Resources as a new customer under an agreement to supply LNG to the Youanmi gold project in Western Australia’s Murchison region.
UAE’s GSU opens 50MW solar plant in Central African Republic
The Sakaï plant, near the capital Bangui, comprises more than 80,000 solar panels and a 15MWh battery energy storage system designed to improve grid stability and electricity availability.
Nigeria domestic refinery crude deliveries jump 88% in Q2
Nigeria’s crude oil and condensate deliveries to domestic refineries jumped 88.4% quarter on quarter in the second quarter of 2026, marking a sharp improvement in the country’s Domestic Crude Supply Obligation (DCSO).
US Delfin LNG dishes out survey contract to Texas's TDI-Brooks
Houston-based Delfin LNG has awarded Texas’s TDI-Brooks a contract for geophysical and geotechnical survey work for its Delfin Deepwater Port LNG export project offshore Louisiana.
Technip Energies scores FFED deal for regas terminal in Malaysia
Technip Energies has been awarded a front-end engineering and design contract for the proposed RGT Yan LNG regasification terminal in Kedah, northwest Malaysia.
Eskom courts Amazon, Microsoft and Google as South Africa power surplus grows
South Africa’s Eskom is courting Amazon, Microsoft and Google parent Alphabet as potential customers for its electricity surplus.
South Africa’s Ramaphosa moves to open expansion of national grid to private investors
South Africa is moving to establish an independent transmission operator outside state utility Eskom while opening grid expansion to private investors
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