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Nigeria's NNPCL profit rises 15.8% in June as crude production dips
Nigeria's National Petroleum Company Limited (NNPCL) recorded a 15.8% month-on-month rise in profit after tax to $393mn in June, even as crude oil and condensate production slipped to 1.72mn bpd.
Nigeria energy map identifies 750,000 communities for power investment
Nigeria’s Rural Electrification Agency (REA) has completed an energy-mapping exercise that identified more than 750,000 communities and their electricity needs.
Ghana targets doubling capacity at Tema Oil Refinery to 100,000 bpd
President John Dramani Mahama has ordered his energy minister to draw up plans to more than double the capacity of the state-owned Tema Oil Refinery (TOR).
South Africa’s Eskom to give final diesel-contract probe update by August 31
South Africa’s Eskom will issue a final update on its diesel procurement and storage contract investigation by August 31 after ordering further document analysis, interviews and legal work.
Nigerian energy group Aradel posts $548mn H1 pre-tax profit after acquisitions
Nigeria’s Aradel Holdings (NGX:ARADEL) reported a nearly fourfold increase in first-half pre-tax profit after acquisitions sharply expanded the energy group’s oil and gas production and consolidated revenue.
Iran war nearly wipes out India's discount on Russian oil
Urals crude is now offered to Indian refiners at just $1-2 a barrel below Dated Brent, down from more than $10 in early July, as Hormuz risk pulls buyers back to Russian grades.
Kazakhstan approves plan to add 500 MW of hydropower capacity by 2030
Kazakhstan has approved a long-term plan to expand its hydropower sector, targeting the commissioning of 500 MW of new hydropower capacity by the end of 2030 as part of efforts to diversify the country's electricity mix.
India rebuilds its crude stockpile on record Russian oil imports
India has quietly rebuilt its crude oil inventories in 2026 by leaning harder than ever on discounted Russian supply, with Russian crude accounting for around 55% of India's total imports in June.
Kazakhstan weighs proposal to refine Russian crude oil
Kazakhstan is reportedly weighing a proposal to refine Russian crude oil at its domestic refineries. /
Hungary avoids mandatory power curbs as voluntary savings ease pressure on grid
Voluntary energy savings ease pressure on power system following sharp reduction in output at the Paks nuclear power plant.
Gazprom-linked NIS sells Romanian fuel station network
Serbia’s NIS, controlled by Russian energy group Gazprom, has agreed to sell its entire stake in NIS Petrol Romania, which operates a network of 19 fuel stations in Romania, according to the Serbian company.
Romania seeks to divert Danube water to keep Cernavoda nuclear plant online
Romania is taking emergency measures to divert more Danube water towards the Cernavoda nuclear power plant as severe drought threatens to force the shutdown of its remaining operating reactor.
MOL CEO says fuel supply secured, but Hungary faces energy challenges
MOL's chief Zsolt Hernadi says Hungary has sufficient fuel supplies, but tight global markets and low Danube levels are creating new challenges for refinery operations.
Sempra pushes back commissioning of Mexico’s Energia Costa Azul LNG
Sempra LNG developer Sempra is extending the commissioning of Phase 1 of the Energia Costa Azul project in Ensenada, Mexico.
India's coal production rises
India approves offshore energy exploration scheme
Canada’s Ksi Lisims finalises 20-year LNG contract with Uniper
Cargoes from the proposed project in British Columbia could begin being delivered by as early as 2032.
Philippine firms save $152mn via energy efficiency
Philippine commercial operations complying with national energy efficiency laws cut their corporate expenses by a collective PHP9.31bn ($152mn) through modern conservation measures, the Department of Energy (DOE) announced.
Eni sees fast-track expansion at Venezuela's Junín 5 amid contract talks
Chief Executive Claudio Descalzi said negotiations with Venezuelan authorities and the group's US partners had been constructive, underscoring the strategic importance of the Orinoco Belt asset
World Bank approves $200mn for Thailand’s green energy push
Thailand will receive a $200mn World Bank loan to expand renewable energy, improve energy efficiency and develop its carbon market.
Vingroup unit becomes sole bidder for $347mn Vietnam wind farm
VinEnergo, the renewable energy arm of Vietnamese conglomerate Vingroup, has emerged as the sole bidder for a $347mn wind power project in central Vietnam.
T&T Laos wind farm earns $36.5mn in income in seven months
A Vietnamese-backed wind farm in Laos generated about $36.5mn in revenue during its first seven months of commercial operations.
South Korea to start buying Argentine crude in 2027
The initial 880,000-barrel purchase is small, but Seoul says it could grow as Argentina's oil and gas production and export capacity expand.
Baghdad and Ankara sign one-year Ceyhan export deal
Iraq’s oil ministry has signed a one-year agreement with Turkey covering the transport and loading of Iraqi crude through the Iraq-Turkey pipeline to the Mediterranean port of Ceyhan
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