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KJO reopens PMC tender for Dorra gas scheme
Al-Khafji Joint Operations (KJO) has relaunched its search for a project management consultant to oversee the Dorra offshore gas development
Baghdad, Ankara sign interim deal to extend use of Iraq-Turkey Pipeline for one year
Turkey and Iraq have agreed and signed a one-year deal on extending and expanding the use of the crude oil pipeline that links the neighbouring countries, Turkish Energy Minister Alparslan Bayraktar said on August 1.
OPEC+ completes voluntary cut rollback with September hike
OPEC+ agreed on August 2 to raise output by around 188,000 barrels per day (bpd) from September
Oman opens EPC race for Ras Markaz expansion
Oman has invited contractors to prequalify for the next construction phase of the Ras Markaz Crude Oil Park
Iran's Esfahan Oil Refining says feedstock pricing rules unchanged
Esfahan Oil Refining says the government's feedstock and product pricing rules remain unchanged, with the cabinet directive extended to July 22 and no revised pricing formula yet issued, countering press reports of a change.
Uzbekistan launches drilling company to boost oil and gas exploration
Uzbekneftegaz has established UNG Burg‘ilash, a new national drilling company that will aim to expand Uzbekistan’s oil and gas exploration capacity and improve domestic drilling services.
Iran says talks with Oman on new Strait of Hormuz shipping route nearing conclusion
Iran says talks with Oman on a new Strait of Hormuz shipping route are nearing conclusion, but stresses any deal would not by itself reopen the waterway.
Iran locally makes over 2,000 petchem parts to cut import dependence
A quasi-governmental scientific research organisation said it had localised the production of more than 2,000 parts needed by Iran’s petrochemical industry.
Sepehr-Jofeir oilfields push crude output above 90,000 bpd
Crude oil production at Iran’s twin Sepehr and Jofeir oilfields has soared by more than 14% to its highest level since output began under the current development contract three years ago.
Bulgaria says Kozloduy nuclear plant operating normally despite record-low Danube levels
Bulgaria's Kozloduy nuclear power plant continues to operate at full capacity despite record-low water levels on the Danube River, with no significant reduction in electricity production expected over the coming weeks, the...
Europe's worst wildfire season in years flags a global El Nino already moving commodity markets
Several European countries are having their worst wildfire year in more than a decade and worst than last year’s record wildfires that burnt over one million hectares, according to data from the EU's Global Wildfire Information System.
Iran issues Gulf-wide energy hit list if Trump carries through on threats to destroy Iran’s energy sector
US President Donald Trump threatened to destroy Iran’s energy sector in a joint operation with Israel, prompting Tehran to issue a hit list of some of the most valuable assets in the Gulf if he carried through with the threat.
Ukraine strikes Russian containership in Black Sea as attacks on vessels continue
The attack took place at around 22:00 on July 31 while the vessel was sailing in international waters about 130 nautical miles from the Russian port of Novorossiysk.
Petrobras cuts fuel imports as US-Iran war drives refining to record highs
Brazil's state-run oil company Petrobras cut imports of oil derivatives to about 67,000 bpd in the second quarter.
EBRD provides €120mn loan to Croatia's Koncar for grid equipment expansion
The European Bank for Reconstruction and Development (EBRD) will provide up to €120mn in financing to Croatian industrial group Koncar to expand production of electricity infrastructure and grid equipment, the bank said on July 31.
Nigeria regulators warn fragmented state electricity rules threaten investment, consumers
Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has warned that inconsistent regulations across emerging state electricity markets could weaken consumer protection and create uncertainty for investors.
Uzbekistan's 1H gas, oil and coal output declines, industrial production grows 8%
Uzbekistan's production of natural gas, crude oil and coal declined in the first half of 2026, even as overall industrial output rose 8% y/y to UZS 637.2 trillion ($53.3bn), with manufacturing remaining the country's largest industrial sector.
Nigeria’s Senate summons NNPCL, CBN and oil companies over NEITI audits
Nigeria’s Senate has summoned the Nigerian National Petroleum Company Limited (NNPCL), the central bank, regulators and more than 60 public bodies and oil companies for hearings into revenues, remittances and other issues.
Angola's Q2 oil export earnings jump 55% to $9bn on higher crude prices
Angola's oil export earnings rose 54.7% year-on-year to $8.91bn in the second quarter of 2026, driven by stronger international crude prices and higher export volumes, Lusa reported on July 30, citing government data.
Angola's Azule Energy begins construction of Greater PAJ FPSO topsides
Construction of the topside process modules for the Greater PAJ floating production, storage and offloading (FPSO) vessel has officially begun, a milestone in the development of one of Angola's strategic offshore oil projects, Azule Energy said.
Brazil’s Petrobras' P-33 platform departs Port of Açu for sustainable recycling in Rio Grande
Petrobras said its P-33 platform set sail from the Port of Açu, in São João da Barra, Rio de Janeiro state, bound for a shipyard in Rio Grande, Rio Grande do Sul, where it will undergo sustainable recycling.
Brazil's fuel subsidies to cost $1.3bn per month, minister says
Brazil's government will spend about BRL6.8bn ($1.3bn) per month on subsidies to soften fuel prices, Planning and Budget Minister Bruno Moretti said, comprising roughly BRL1.3bn monthly for gasoline and BRL5.5bn for diesel.
Karoon's Baúna FPSO in Brazil hits record 97.2% operating efficiency in second quarter
Karoon Energy said the FPSO vessel Cidade de Itajaí, operating at its Baúna field off the coast of Brazil, reached operating efficiency of 97.2% in the second quarter, above its targeted range of 90-95% and up from 96.1% in the first quarter.
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