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Tanzania court awards $8m legal costs to IPTL, Pan Africa Power Solutions

Tanzania’s Court of Appeal has awarded Independent Power Tanzania Limited (IPTL) and Pan Africa Power Solutions (T) Limited $8mn in legal costs after striking out an appeal by Standard Chartered Bank (Hong Kong) Limited and StanChart Bank Malaysia

Nigeria's NERC takes control of Kaduna DisCo over $335.2mn debt

The Nigerian Electricity Regulatory Commission has dissolved the board of Kaduna Electricity Distribution Company and taken regulatory control of the utility after its cumulative market debt rose to NGN456.5bn ($335.2mn)

Nigeria oil-import FX demand jumps 115% to $4.86bn in 2025

Nigeria’s foreign exchange spending on oil-sector imports jumped 114.91% to $4.86bn in 2025 from about $2.26bn a year earlier, reflecting continued reliance on imported petroleum products despite increased domestic refining capacity

YPF posts record $1.21bn quarterly profit on shale growth and stronger oil prices

Argentina’s oil company YPF reported a net profit of $1.21bn for the second quarter of 2026, up sharply from $58mn a year earlier, as higher shale production, record refining activity and stronger international oil prices boosted earnings.

Tanzania, Uganda sign Vitol deal for Tanga energy hub that could draw over $20bn

Tanzania and Uganda have signed a non-binding agreement with Vitol Bahrain to develop a regional energy hub at Tanzania’s Port of Tanga, in a project that could attract more than $20bn in investment

Sasol and Envision Energy advance study of potential green hydrogen system in South Africa

South Africa’s chemicals and energy group Sasol (JSE:SOL, NYSE:SSL) and China’s green technology company Envision Energy are studying the potential development of a green hydrogen system at Sasol’s Sasolburg operations in South Africa.

Ukraine hits Russia with hundreds of drones, Moscow warns even bigger missile salvos on the way

Ukraine launched a barrage of more than 450 drones against Russia overnight on August 10, targeting 16 regions and occupied Crimea in one of its deepest and broadest strikes of the war, as Moscow's own military says it plans to sharply scale up.

Guyana’s Uaru project moves into a critical offshore execution phase

Guyana’s Uaru project is entering a decisive offshore phase, with subsea installation under way ahead of the Errea Wittu FPSO. The development could lift national oil output beyond 1mn bpd before the end of 2026.

Guyana’s offshore expansion opens new contracting front for local firms

Guyana’s oil boom is generating a wider offshore-services market, with SBM Offshore seeking contractors for surveying, fabrication and mechanical work across four FPSOs.

Guyana turns to seismic data to widen its offshore exploration frontier

Guyana is extending its offshore exploration strategy into shallower waters as Viridien and BGP acquire new 3D seismic data aimed at reducing geological uncertainty and strengthening the basis for future licensing.

EBID approves more than $510mn for West African infrastructure and finance projects

The ECOWAS Bank for Investment and Development (EBID) has approved five financing operations worth more than $510mn for transport, healthcare, renewable energy and financial-sector projects in Ghana, Guinea and Sierra Leone.

ADNOC Logistics and Services posts record profit for Q2

ADNOC Logistics and Services posted a record Q2 net profit of $951mn, up 303% y/y, the company confirmed in its earnings report.

AEC backs Venezuela’s push to attract upstream investment

Venezuela is seeking to attract more upstream investment as recent reforms provide a clearer framework for oil and gas development, the African Energy Chamber said after meetings with senior Venezuelan officials.

Libya's NOC warns drone attacks could force shutdown of Zawiya refinery

Libya's National Oil Corporation (NOC) has warned that continued drone attacks on energy installations in Zawiya could force it to declare force majeure and completely halt operations at the country's largest functioning refinery.

Fourth block at Slovak Mochovce NPP launches output

Slovenia’s GEN Group faces hydropower shortfall amid drought

Slovenia’s GEN Group is producing around 2,500 MWh less electricity per day than usual from its nuclear and hydropower plants due to the ongoing drought.

Slovenia’s GEN-I expands battery storage management portfolio in Bulgaria

Slovenian energy group GEN-I said on August 10 that it is significantly expanding its battery energy storage management operations in Bulgaria through a partnership with solar and storage developer SUNOTEC.

UK’s Centrica delivers first LNG cargo to Honduras

British energy trader Centrica has delivered its first LNG cargo to Honduras.

Japan’s plutonium stockpile stays at 44.4 tonnes

About 9.9 tonnes were held in Japan and 34.5 tonnes overseas, the Japan Atomic Industrial Forum said.

Laos considers VAT exemption for low-income electricity users

Laos is considering removing VAT on subsidised household electricity to ease the cost burden on low-income families.

Meridian secures thumbs up on New Zealand wind farm revamp

Meridian Energy has secured the final major resource consent needed to repower its 172-MW Te Rere Hau Wind Farm in Manawatū, New Zealand.

Thailand, Myanmar pursue gas deals to strengthen energy security

Thailand and Myanmar are moving to renew gas contracts and explore new fields as Bangkok seeks to secure future energy supplies.

Vietnam’s Can Tho advances $3.5bn wind power projects

Can Tho is moving ahead with 19 wind power projects worth more than $3.5bn as Vietnam’s Mekong Delta city expands its renewable energy ambitions.

Manila taps South Korea to power nuclear revival

AboitizPower Corporation, one of the Philippines’ leading energy companies, has signed a landmark memorandum of understanding with state-owned South Korea Hydro & Nuclear Power to explore nuclear energy deployment.

India crosses 300 GW of non-fossil power capacity

India’s installed non-fossil fuel-based electricity generation capacity has crossed 300 GW, marking a major milestone in the country’s clean energy transition, the government said.