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US energy policy helped reshape Venezuelan oil trade, Burgum Says
US Interior Secretary Doug Burgum said President Donald Trump's energy strategy has reshaped global oil markets and delivered benefits to both Venezuela and American consumers, pointing to changes in international crude flows
Venezuela debt overhaul becomes flashpoint in US-China strategic rivalry
Venezuela's planned restructuring of its sovereign and PDVSA debt is evolving into a geopolitical contest between the United States and China
India’s ONGC eyes expanded Venezuela role under new oil law
ONGC expects to sign agreements with Venezuela in the near term to operate two oil blocks under the country's new petroleum law
Venezuela seeks African energy investment
Hungary unveils energy plan after drought puts Paks plant under pressure
Hungary's government has approved a new energy development plan focused on expanding storage capacity, upgrading the electricity grid and boosting renewable energy investment after a severe heat wave and low river levels put...
Armenia to take state ownership of power distributor ENA, Pashinyan says
Armenia will take state ownership of Electric Networks of Armenia (ENA) and place the country’s main electricity distributor under trust management, Prime Minister Nikol Pashinyan said on August 6.
Thai industry urges end to diesel export restrictions
Thailand’s manufacturing sector is calling on the government to lift restrictions on diesel exports, warning that prolonged curbs are putting pressure on domestic oil refineries and undermining their competitiveness.
Russian fuel crisis sees divergence between diesel and gasoline
Russia’s fuel crisis is showing signs of splitting into two separate markets, with diesel supply recovering sharply even as gasoline remains in deficit following weeks of refinery outages, repairs and drone attacks.
Coastal Bend LNG initiates pre-filing process with US regulators
Coastal Bend LNG has submitted a request to the US Federal Energy Regulatory Commission to initiate the pre-filing review for its proposed liquefaction project.
JANAF and MOL sign crude oil transport deal
Croatia's state-owned oil pipeline operator JANAF said on August 6 it had completed a contract with Hungary's MOL Group for the transport of 2.05mn tonnes of crude oil through its pipeline system in 2026.
Williams to buy Momentum Midstream in $5.5bn deal
US pipeline operator Williams has agreed to acquire Momentum Midstream from the private equity firm EnCap Flatrock Midstream in a transaction valued at up to $5.5bn.
Ghana outlines new comprehensive methane management framework for oil and gas industry
Ghana’s Environmental Protection Authority (EPA) has unveiled technical requirements for inspecting and monitoring methane emissions from oil and gas operations, as the country moves to implement tighter controls on leaks, venting and flaring.
Russia's Gazprom Neft launches large-scale deployment of domestic fracking tech
Gazprom Neft has begun the large-scale deployment of domestically developed repeat hydraulic-fracturing technology at mature oilfields in Russia’s Khanty-Mansiysk region.
Russia's Lukoil makes fresh bid for oil acreage off Kaliningrad
Russia’s top independent oil producer Lukoil has submitted a fresh application to explore the Nadezhda block in Russia’s Baltic Sea waters.
SOCAR strengthens hold of Azerbaijan's top oil asset with purchase of stake held by Japan's Itochu
The value of the transaction was not disclosed.
ExxonMobil, Chevron profits hit multi-year highs amid ongoing Middle East turmoil
Both ExxonMobil and Chevron have reported their highest profits in a few years for the second quarter.
Talos Energy secures 50% stake in Repsol-operated Block 29 offshore Mexico
US-based Talos Energy has agreed to farm into Block 29, a deepwater development offshore Mexico operated by Spanish oil major Repsol.
Mexico dismantles four illegal oil refineries as fuel theft costs Pemex $530mn
Mexican authorities dismantled four clandestine oil refineries and seized almost one million litres (6,300 barrels) of petroleum derivatives, federal prosecutors said on August 4.
Mexico's Sheinbaum weighs pilot fracking projects to cut US gas dependence
Mexican President Claudia Sheinbaum is considering pilot fracking projects in the northern states of Coahuila and Tamaulipas aimed at boosting domestic gas production, Reuters reported on August 5.
Construction of Kenya’s Lamu refinery could begin this year
Construction on a new $16.94bn 700,000 barrels per day (bpd) Kenyan refinery proposed by Nigerian billionaire Aliko Dangote could begin as soon as this year, with the project expected to be the country’s largest ever private-sector investment.
Iran, Oman close to reaching Hormuz deal
Iran has revealed that it is close to reaching a deal with Oman on a new route for shipping through the Strait of Hormuz, with the country’s foreign ministry spokesman Esmaeil Baqaei noting that talks are in the “final stages”.
Iraq tops regional oil deals in July following major US energy accords
Iraq secured the top position for the largest oil transactions signed in the Arab region in July 2026, leading a regional energy investment drive that included major deals in Oman and Qatar.
Oman's Asyad Shipping takes delivery of new MR tanker, names sister vessel in China
Marking the latest expansion of its product tanker fleet, Oman's Asyad Shipping has taken delivery of Manah, the first of two new-build medium-range (MR) IMO Type II chemical tankers ordered from China's Lianyungang Shipbuilding Yard.
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