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Iran’s energy crisis rooted in governance failures, research chief says
Iran’s energy deficit stems from poor governance and planning and an ineffective management structure rather than a shortage of resources, the head of the state-run Niroo (energy) Research Institute (NRI) said.
Syria expands Homs oil terminal, lifting tanker handling capacity tenfold
Syria has completed the rehabilitation and expansion of the western oil tanker yard at its central oil transport facility in Homs, increasing unloading capacity to around 1,000 tankers per day.
Egypt’s Ganope to award 7 oil and gas concessions in Upper Egypt and Red Sea
Egypt's South Valley Egyptian Petroleum Holding Company (Ganope) is in the process of awarding seven new concession areas for oil and gas exploration across Upper Egypt and the Red Sea
Iraq's Nineveh tightens fuel distribution as petrol shortage persists
Petrol shortages continued across Iraq's Nineveh province, with long queues remaining at both government-run and private filling stations as motorists complained about fuel quality and authorities moved to tighten distribution controls.
Iraq directs BP to increase Kirkuk oil production and local recruitment
Iraq's Oil Minister Bassem Mohammed Khudhair Al-Abbadi has called for higher crude oil production and increased gas investment at the Kirkuk oilfields, while urging BP to prioritise local employment as development of the fields gathers pace.
Mali ratifies AfDB loans for $190mn Bamako power project
Mali’s National Transitional Council has unanimously approved legislation authorising the ratification of African Development Bank Group loans for a $190mn project to strengthen electricity supply in Bamako and surrounding areas.
South African farmers oppose KwaZulu-Natal lithium expansion
South Africa’s efforts to develop an emerging lithium-mining sector are facing resistance from farmers and rural communities concerned about the effects of open-pit operations on agricultural land, water supplies and livelihoods.
Tullow raises 2026 cash-flow forecast on stronger Ghana production
Tullow Oil (LSE:TLW; GSE:TLW) has raised its full-year free-cash-flow forecast to $170mn-$250mn from $70mn-$175mn after stronger production from its Ghanaian fields, higher realised oil prices and progress in recovering government receivables.
OPEC+ agrees final 188,000 b/d output increase for September
Seven OPEC+ countries -- Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman -- agreed to raise oil output by 188,000 barrels a day in September, Russia's Pivot to Asia reported on August 5, completing the unwinding of 2023's...
Belarus fuel exports to Russia hit record high in July
Gasoline and diesel exports from Belarus to Russia hit a new monthly record in July, Reuters reported on August 5, citing two industry sources and its own calculations, amid fuel shortages driven by unplanned outages at Russian oil refineries...
Vietnam faces skilled labour shortage for nuclear power revival
Vietnam is ramping up efforts to train a new generation of nuclear specialists as it revives its nuclear power programme and broadens the peaceful use of atomic energy.
South Africa’s JSE eyes Dangote refinery listing after planned $5bn Nigeria IPO
The Johannesburg Stock Exchange is in talks over a secondary listing of Nigeria’s Dangote refinery following a planned $5bn IPO on the Nigerian Exchange.
Mixed picture as Asian refiners contend with Hormuz crisis
Some Asian refiners are earning exceptional fuel margins, but crude shortages, higher procurement costs and domestic pricing constraints are producing sharply uneven results.
Vaalco targets higher Gabon output after new Etame wells
Vaalco Energy (NYSE:EGY; LSE:EGY) is advancing a drilling campaign at its Etame Marin oilfield offshore Gabon after three new development wells delivered combined initial gross production of more than 14,850 bpd.
Turkey’s imports from Russia sink to lowest since May 2021 as energy trade reroutes
Turkey’s imports from Russia dropped 40.5% y/y to $2.1bn in July, falling to their lowest monthly level since May 2021, as energy trade appeared to shift toward other suppliers amid heightened security risks in the Black Sea.
Sungrow supplies 35 MWh of storage for Sierra Leone solar projects
Sungrow Power Supply has supplied 35 MWh of battery energy storage capacity for Sierra Leone’s World Bank-backed Regional Emergency Solar Power Intervention Project (RESPITE)
Vietnam urged the Dung Quat biofuels plant to boost utilisation
Vietnam’s industry ministry urged the Dung Quat biofuel plant on August 4 to accelerate improvements and raise production towards full capacity as the country expands nationwide use of E10 gasoline
The UK's Subsea7 lands pipe replacement deal with Shell offshore Brunei
The UK’s Subsea7 has secured a contract worth between $50mn and $150mn from Brunei Shell Petroleum (BSP) for the replacement of subsea pipelines offshore Brunei.
NIOC CEO urges faster oilfield development in Iran
The head of the National Iranian Oil Co. (NIOC) called for faster implementation of oilfield development projects by removing operational obstacles and relying more on domestic resources.
Malaysian oil servicing firm Vantris scores $196mn in drilling contracts
The awards comprise a transportation and installation work order from Malaysian oil major Petronas, assignment for one tender-assisted drilling rig and a separate drilling contract from Petronas subsidiary Vestigo Petroleum.
Central Petroleum breaks ground on two new wells at Palm Valley field in Australia
Central Petroleum has begun drilling the first of two new wells at the Palm Valley gas field in Australia’s Northern Territory, aiming to more than double the field’s available production capacity.
Australian operator Elixir reports peak gas flow from appraisal well in Queensland's Taroom Trough
Elixir Energy has reported a peak gas flow of 10.4mn cubic feet (13 TJ) per day, from the Lorelle-3H appraisal well in Queensland’s Taroom Trough, although the well’s more stable 12-hour rate was substantially lower.
Australian environmental agency takes Japan's Inpex to court over alleged under-reporting of emissions
The Japanese firm is alleged to have under-reported benzene and toluene emissions from its Ichthys LNG plant near Darwin between 2019 and 2024.
Australia's government challenges Beetaloo gas-to-data plan in Northern Territory
Australia’s federal government has cast doubt on plans to use Northern Territory shale gas to power a major data-centre development near Darwin, warning that gas-only projects would fail proposed national standards.
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