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Russia's huge diesel surplus is being drained by drones, not demand
Global diesel markets are at the centre of what Goldman Sachs calls a fuel crunch, with refinery activity at its lowest seasonal level since the pandemic and diesel exports globally down 35% year-on-year, according to experts.
Ukraine's refinery strikes settle into a routine of damage, repair and restart
Ukraine's long-range drone campaign against Russian oil refineries has become routine enough that analysts are now describing it as a predictable cycle rather than a series of shocks: strike, assess damage, repair, and restart.
Mozambique's Mphanda Nkuwa hydropower project targets $14bn in lifetime revenue
Mozambique's planned Mphanda Nkuwa hydroelectric project is expected to generate about $13.98bn in public revenue over its lifetime while creating up to 7,000 jobs during construction, AIM reported on July 30.
Europe enters the Pyrocene age of fire that makes its own weather
"The Pyrocene is here," climate researcher Peter Dynes wrote on X on July 28, as wildfires near Bordeaux began generating huge pyrocumulus clouds intense enough to create their own weather.
Russia floats plan for Sakhalin oil refinery
A proposed gas-condensate refinery on Sakhalin could meet the island’s entire demand for aviation fuel, although additional processing units would be needed for the plant to produce finished gasoline.
More Kazakh oil export disruption amid Russia-Ukraine war fallout
The Marshall Islands-flagged Nissos Sifnos was hit at 01:48 Moscow time on July 30 while loading Tengizchevroil crude at the CPC terminal’s third single-point mooring, the consortium said.
Oppenheimer Partners exits Ghana-focused Genser Energy after five-year investment
Genser Energy Investments has redeemed the entire shareholding held by OP Energy Holdings, completing Oppenheimer Partners' exit from the West African energy firm after a five-year investment.
L&T secures six-year EPC framework agreement with Petroleum Development Oman
Indian engineering and construction major Larsen & Toubro (L&T) has secured a six-year engineering, procurement and construction (EPC) framework agreement with Oman's leading oil and gas producer, Petroleum Development Oman (PDO).
Nigeria’s NNPCL to acquire 10% stake in Seplat offshore venture for $282mn
Nigeria’s state-owned oil company has agreed to acquire a 10% working interest in an offshore joint venture operated by domestic oil and gas company Seplat Energy (NGX:SEPLAT; LSE:SEPL) for about $281.6mn.
Nigerian firm Seplat Energy’s pre-tax profit nearly doubles to $575mn in H1
Nigerian independent oil and gas company Seplat Energy (NGX:SEPLAT; LSE:SEPL) reported a 96% increase in first-half profit before tax to $574.9mn, supported by higher realised oil prices, stronger production and lower finance costs.
Russia reaffirms pledge to continue fuel supply to Kyrgyzstan despite domestic shortages
Russia has agreed to supply Kyrgyzstan with 100,000 tonnes of refined fuels per month until the end of this year, maintaining the commitment despite Moscow struggling with its own fuel shortages amid Ukrainian drone strikes against its refineries.
Fitch affirms Mauritius-based Clean Renewable Power’s $363mn notes at ‘BB-’
Fitch Ratings has affirmed the ‘BB-’ rating on Clean Renewable Power (Mauritius) Pte Ltd’s $363mn senior secured notes due in 2027, maintaining a Stable Outlook.
Estimated cost of imported petrol rises in Nigeria rises above Dangote price
The estimated landed cost of imported petrol in Nigeria has risen above the Dangote Petroleum Refinery’s gantry price, industry data show.
UPDATE: Iran's IRGC says it struck two tankers attempting to cross Strait of Hormuz
Iran's IRGC says it struck and stopped two oil tankers attempting to cross the Strait of Hormuz under US air escort, with four others turning back. The claim could not be independently verified, and the US military has given a competing account.
South Africa’s NTCSA streamlines claims process to clear $91mn backlog owed renewable firms
South Africa’s National Transmission Company South Africa (NTCSA) has streamlined its curtailment-claims process as it seeks to clear a $91mn backlog in payments to renewable-energy producers by the end of August.
NGO criticism of Perenco risks deterring energy investment in DRC, says AEC
NGO-led smear campaigns against independent hydrocarbon producer Perenco are threatening energy sector development in the Democratic Republic of the Congo.
Plentify, Deye plan 2.7-GWh South African virtual power plant
South African energy-technology company Plentify has partnered with Chinese solar-inverter and battery manufacturer Deye to coordinate more than 160,000 residential batteries.
ArcelorMittal South Africa looks to cheaper power as first-half loss widens
South Africa’s largest primary steel producer, ArcelorMittal South Africa (JSE:ACL), reported a wider first-half loss as weak demand, imports and high electricity costs continued to weigh on its remaining flat-steel operations.
India’s BHEL wins $209mn-$262mn gas turbine order for Nigeria’s Dangote refinery
Indian state-owned power equipment manufacturer Bharat Heavy Electricals Ltd (NSE:BHEL; BSE:500103) has secured an order to supply eight gas turbine generator packages for Nigeria’s Dangote refinery and polypropylene complex.
Rubio and Kazakh foreign minister discuss CPC pipeline after Black Sea attacks, disruptions
Kazakh Foreign Minister Yermek Kosherbayev held a telephone conversation with US counterpart Marco Rubio to discuss the Caspian Pipeline Consortium (CPC) oil export pipeline following disruptions caused by attacks near Russia's Black Sea coast.
Qatari LNG tanker sails out of Strait of Hormuz with Iranian approval
A QatarEnergy-operated liquefied natural gas (LNG) carrier has passed through the Strait of Hormuz with Iranian approval, shipping data showed on July 30— the first recorded transit by an LNG vessel through the strategic waterway since July 11.
Malaysia's Primaverse expands Indonesian carbon credit footprint through ESG forestry model
A Malaysian carbon project developer is scaling up its Indonesian operations
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