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KOIL makes Brazil offshore debut
US-based KOIL Energy has secured its first contract in Brazil, winning a subsea umbilical maintenance project that marks its entry into the country's deepwater offshore market.
Brazil FPSO beats performance target
Karoon Energy said its floating production, storage and offloading (FPSO) vessel operating at the Baúna oil field offshore Brazil achieved production efficiency of 97% during the second quarter, exceeding the company's target range of 90% to 95%.
Brazil and Peru step up Amazon border protection
Brazil’s Petrobras P-52 return put on hold
Brazil’s Petrobras has postponed the restart of its P-52 offshore production platform after a gas leak last year, with no date yet set for operations to resume, the company said.
Uzbekistan replaces energy minister after Mirziyoyev orders sector shake-up
Uzbekistan has fired Energy Minister Jurabek Mirzamahmudov after a presidential review of the country's fuel and energy sector exposed management shortcomings, mounting infrastructure failures and inefficiencies in electricity and gas distribution.
Russia extends gasoline export ban to end of 2026
Russia will extend its ban on gasoline exports through the end of 2026, Deputy Prime Minister Alexander Novak said on July 25, prolonging a restriction that had been due to expire on July 31, S&P Global Platts reported.
India buys over $700mn of Iranian crude during Hormuz disruption
India imported more than $700mn worth of Iranian crude oil at the height of the conflict in the Strait of Hormuz, where fighting has severely disrupted energy flows through the strategic waterway since early March, according to Indian official data.
Europe's summer heat has broken the Bell curve, as record El Niño builds
This summer’s extreme temperatures have broken the normal “Bell curve” distribution of temperature variations and pushed it sharply to the right into record breaking highs. This is not normal – literally.
Iran launches South Pars Hub 1 pressure boosting
Iran has moved its long-delayed pressure boosting scheme for South Pars Hub 1 into execution
IEA sees global electricity demand growth accelerating through 2027
Global electricity demand is set to grow faster in 2026 than its recent average and to accelerate again in 2027, the International Energy Agency (IEA) said in its report, published last week.
Egypt purchases spot LNG cargoes for August delivery
Egyptian energy companies have contracted additional spot cargoes of liquefied natural gas (LNG) for delivery in August 2026 to manage surging peak-summer electricity demand
Ethiopia launches power distribution plan as peak demand forecast to reach 39 GW
Ethiopia has launched a long-term electricity distribution plan featuring 128 new substations as peak demand is forecast to reach 39,327 MW by 2049.
Expansion of Croatia's Krk LNG terminal planned in 2027
Croatia's liquefied natural gas (LNG) terminal on the island of Krk is not expected to face supply disruptions this year despite turbulence in global energy markets, while an expansion project is on track to boost capacity in 2027.
Yemen says drones hit Saudi crude lines to Yanbu, Riyadh blames Iraq
Yemen's armed forces say they hit crude transfer lines running from Saudi Arabia's Eastern Province to Yanbu with drones. Riyadh confirmed oil facilities in the Eastern Province were struck but claimed the drones were launched from Iraq.
Jordan advances $750mn Risha gas field expansion plan
Jordan's National Petroleum Company (NPC) is preparing to launch the Risha gas field development project with a planned investment of $550mn-$750mn.
Lebanese prime minister arrives in Iraq to advance Kirkuk-Tripoli pipeline talks
Lebanese Prime Minister Nawaf Salam arrived in Baghdad to advance energy cooperation with Iraq, with the revival of the Kirkuk-Tripoli crude oil pipeline emerging as the centrepiece of talks.
Asyad Shipping sells 20% stakes in two newbuild LNG carriers to Omani investors
Asyad Shipping, the majority state-owned Omani maritime transportation company, has sold a 20%t stake in each of its two newbuild liquefied natural gas (LNG) carriers to two local institutions, the publicly listed company announced on July 27.
EBRD backs new wind investment as renewable projects gather pace in Ukraine
The European Bank for Reconstruction and Development (EBRD) will provide up to €70mn in financing to Elementum Energy to support the construction of new wind farms in Ukraine.
Iraq approves MoU for oil export pipeline through Syria
Iraq's cabinet has authorised the chief executive of Basra Oil Company to sign a memorandum of understanding (MoU) between Iraq's Oil Ministry and Syria's Energy Ministry to develop an oil pipeline linking Iraqi crude production.
Iraq records $93bn in exports, ranks third among Arab countries in 2025
Iraq ranked third among the largest Arab exporting countries in 2025, with exports worth $93bn, according to World Trade Organisation data, showing the country's continued reliance on oil exports despite a decline from the previous year.
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