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China sees July rebound in oil imports, although Hormuz crisis continues to cast dark cloud over outlook
China’s oil imports rebounded in July after a near-decade low, while gas volumes held steady despite sharply higher costs.
CNOOC, ConocoPhillips complete fifth phase of China's biggest offshore field
China’s CNOOC and ConocoPhillips have brought the fifth development phase of the giant Penglai oilfield in China's Bohai Bay fully online.
Sakhalin-1 production sees further growth after tanking four years ago
Sakhalin-1 oil production has climbed back towards pre-2022 levels as new drilling offsets decline at the mature Russian Far East project.
Ukraine launches five Russian refinery strikes in just four days
The renewed attacks are particularly significant because Russia's refining system is already under pressure from repeated strikes and unplanned outages.
Russia strikes Kyiv fuel storage site
Russia struck a fuel storage facility in Kyiv on August 8 that it claims was used to supply Ukrainian forces in the east of the country, as Moscow continues targeting Ukraine's energy and logistics infrastructure.
Siberian methane surge could offset 20% of global cuts by 2050
The study found that Siberian growing-season methane emissions increased by 12.0mn tonnes between 2010 and 2023, with an uncertainty of ±1.9mn tonnes, rising at an average rate of about 5% per year.
Kazakhstan makes fresh push to draw investors to new oil and gas blocks
Kazakhstan will offer 24 oil and gas blocks to investors in a new licensing auction in November, including several large frontier exploration areas containing sizeable prospective resources.
Russia to start supplying 100,000 tonnes monthly to Kyrgyzstan by end of August
Russia is expected to begin supplying Kyrgyzstan with 100,000 tonnes of refined fuels per month by the end of August.
Azerbaijan stresses it is prepared to ship gas to Ukraine
Azeri Foreign Minister Jeyhun Bayramov made the comments during a joint press conference with his Ukrainian counterpart Andrii Sybiha in Kyiv on August 6.
Shell greenlights third phase of Malaysia's Malikai oil project
Shell has taken a FID on the third phase of its Malikai deepwater oil development offshore Sabah, Malaysia, targeting a 60% increase in production from the field.
Iranian MPs call for fuel quotas based on national ID
Iranian lawmakers have urged President Masoud Pezeshkian to change the country’s fuel rationing system so that subsidised petrol quotas are allocated to people based on their national identification numbers rather than to vehicles.
Houthis strike Saudi Aramco facility, causing fire
A fire at a Saudi Aramco facility in the Red Sea coastal city of Jizan was extinguished, the Saudi Ministry of Energy confirmed in a statement on X, with no casualties reported.
New electric downhole pump triples oil output at Iran’s Sepehr-Jofeir fields
Iran has installed its first electric submersible pump (ESP) in the Jofeir 9 well at the country’s twin Sepehr and Jofeir oilfields, more than tripling oil production from the well.
KRG and Pearl clash over Khor Mor gas to Kirkuk
The KRG has accused Khor Mor gas field operators of breaching contract by unilaterally routing supplies to federal Iraq
Oil transit fees owed to Turkey by Iraqi Kurdistan have vanished in Jersey, says MP
“This is called international robbery,” remarks opposition lawmaker, claiming documents show $229mn has evaporated on island.
Hungarian PM says ex-government failed to prepare energy system for climate change
Peter Magyar says the former government was aware for years that Hungary's electricity system was under strain but failed to address the risks.
Malawi court clears government, Prima Fuels to pursue $480mn fuel rebate claims
Malawi's High Court has cleared the government and Prima Fuels Limited to pursue hundreds of millions of dollars in fuel supply refunds from TotalEnergies Marketing Limited after ruling that the company breached a long-running fuel supply agreement.
Angola lawmakers back tax incentives for six offshore oil blocks
Angola's parliament has approved a bill authorising President João Lourenço to legislate on additional tax incentives for six offshore oil concession blocks, a move aimed at improving the commercial viability of high-risk exploration projects.
Namibia central bank urges lenders to build oil and gas expertise
Namibia's financial sector must strengthen its technical expertise, governance and risk management capabilities to participate sustainably in the country's emerging oil and gas industry, Bank of Namibia Governor Ebson Uanguta has said.
Egypt targets 100mn cubic feet daily gas boost in October through 5 new wells
The Egyptian government plans to add around 100mn cubic feet of natural gas per day (mcf/d) to its production grid in October 2026 by linking five new onshore and offshore wells, requiring investments of $95mn.
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