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Shell and PetroChina greenlight next phase of Surat gas project in Australi's Queensland region
Shell and PetroChina have approved the next phase of their Arrow Energy joint venture’s Surat gas project in Queensland, targeting peak production of 79mn cubic feet (84 TJ) per day from 143 new coal-seam gas wells.
Beach Energy warns Australia's gas reservation plan could lead it to redirect investments
The company claimed that the measures would depress its returns from selling gas to the wholesale market.
Sasol hires Envision to design green hydrogen system for South Africa e-methanol project
South African chemicals and energy group Sasol (JSE:SOL; NYSE:SSL) has commissioned China’s Envision Group to design a green hydrogen system for a proposed e-methanol project at its Sasolburg complex.
Iran’s largest crude processing plant nears full operation
Iran has completed construction of the final two trains at the Central Treatment and Export Processing (CTEP) unit at the South Azadegan oilfield, bringing the country’s largest crude processing facility to the brink of full operation.
Iranian tax authority freezes NIOC bank accounts over unpaid fine
Bank accounts belonging to the National Iranian Oil Co. have been blocked over an unpaid penalty, an NIOC official said, in the latest dispute between the state oil producer and the country’s tax authority.
Iran awards South Pars refinery reconstruction to local firms
Iran’s largest natural gas extractor has handed over the reconstruction of one of the damaged gas refineries linked to the giant South Pars gas field to a group of domestic companies.
South Korea’s Hyundai joins Entergy, Holtec SMR-300 plan
US utility Entergy (ETR), Holtec International and South Korea’s Hyundai Engineering & Construction (000720.KS) signed a non-binding memorandum of agreement to evaluate deploying Holtec’s SMR-300 small modular reactor.
Philippines' PXP Energy loss widens on low crude
Manuel V. Pangilinan-led PXP Energy Corp. reported a widened core net loss of PHP25.7mn ($424,000), down from PHP21.1mn in 2025, the company announced on August 4.
Indonesian steel sector cautions HGBT gas volume shortfalls cap PMI manufacturing rebound
The Indonesian steel industry has cautioned that energy cost burdens remain elevated, while the country’s Purchasing Managers' Index (PMI) for manufacturing returned to expansion territory in July 2026
Philippines' Semirara Mining net profit jumps 17%
Consunji-led Semirara Mining and Power Corp (SMPC) posted a 2% increase in net income to PHP8.6bn ($141mn) in the first half of 2026, the company disclosed to the Philippine Stock Exchange on August 5.
Taiwan advances energy rules for major power users
Taiwan's Legislative Yuan Economics Committee has approved draft amendments to the Energy Administration Act in a preliminary review, requiring large energy users to install self-generation or energy-storage facilities.
Valaris boosts offshore utilisation after early completion of BP Trinidad campaign
Valaris completed BP's offshore Trinidad campaign 17 days ahead of schedule, improving rig availability ahead of maintenance and a long-term Shell contract, underlining how execution efficiency is becoming a key competitive advantage.
ExxonMobil extends Guyana exploration campaign with new Stabroek oil target
ExxonMobil is advancing exploration at the Rockhead-1 prospect in Guyana's Stabroek Block, as the operator seeks to build on 11bn barrels of discovered resources through a new offshore drilling campaign.
Guyana edges towards 1mn bpd milestone as Errea Wittu FPSO nears Stabroek Block
Guyana edges closer to becoming a 1mn bpd oil producer as the Errea Wittu FPSO nears the Stabroek Block. The Uaru project highlights the country's accelerating offshore expansion and growing role in global energy markets.
Canada's Gran Tierra to exit South America with $1.33bn sale to Maurel & Prom
Canadian oil producer Gran Tierra Energy agreed to sell its Colombian and Ecuadorean operations to France's Maurel & Prom for $1.33bn, including debt, as the company reshapes its portfolio and reduces financing costs
Hormuz disruption exposes global trade vulnerability
Disruption to shipping through the Strait of Hormuz has exposed the vulnerability of global trade to a single maritime chokepoint, with exports of energy, fertilisers and industrial products from Gulf producers falling sharply.
Poland's nuclear programme moves to implementation phase as Bechtel takes over Pomerania site
US engineering company Bechtel took over from Polish state-owned firm Polskie Elektrownie Jądrowe (PEJ) the management of the site of Poland's first nuclear plant in Pomerania on August 5, simultaneously ordering Budimex to begin ground works.
Egypt and Iraq discuss strategic oil pipeline via Jordan to Red Sea
Egypt and Iraq have held high-level bilateral discussions focused on a major strategic oil pipeline project running from Iraq to Jordan’s port of Aqaba and onwards to the Red Sea coast
Tour guides association says urgent government action required to address Mongolia’s fuel supply crisis
Fuel supply disruptions could pose severe risks to Mongolia’s tourism sector and to the country’s reputation, the Mongolian Professional Tour Guides Association said at a press conference as part of a call for government action.
Turkish refiner Tupras orders four tankers from Korea's Daehan, Samsung for $370mn
Company has also purchased a second-hand Aframax tanker undergoing work at a Chinese CSSC subsidiary for $90mn.
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