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Somali pirates hold hijacked Tanzanian-flagged tanker after Gulf of Aden seizure
A Tanzanian-flagged fuel and chemical tanker seized in the Gulf of Aden last week has been taken into Somali waters and is now being held by suspected Somali pirates, according to residents in Somalia's semi-autonomous Puntland region
Kazakhstan freezes NCOC assets over disputed $5bn environmental fine
Kazakhstan has frozen property and transport assets belonging to the North Caspian Operating Company (NCOC), the operator of the Kashagan oilfield, as authorities move to enforce a nearly KZT 2.356 trillion (approximately $5bn) environmental fine.
QatarEnergy extends force majeure on LNG deliveries to mid-October
The world’s second-largest exporter, Qatar, has prolonged force majeure through to mid-October on deliveries of LNG cargoes to some of its Asian buyers.
Nigerian Navy detains vessel and 12 crew over suspected oil theft
The Nigerian Navy has detained a vessel and its 12 crew members after recovering about 682.82 metric tonnes of suspected stolen petroleum products during an intelligence-led operation in Akwa Ibom State
Kazakhstan’s Tokayev explicitly urges Putin to “freeze” Ukraine war in face to face talks
Says his country “does not understand nature” of “tragic” conflict.
MOL seeks €340mn refund after EU court ruling on carbon dioxide tax
MOL shares hit historic high after company announced it seeks to recover €340mn from carbon dioxide tax collected by the state since 2023 after ruling by CJEU.
EcoSolar finishes first Capiz Philippine battery project
EcoSolar Energy Corporation finished mechanical construction on its 20 MW/40 MWh Panitan Energy Storage Project in Capiz.
Taiwan expands drone supply chain despite China hurdles
Taiwanese component suppliers are expanding their footprint in the drone hardware network powering Ukraine. However, surging manufacturing costs, limited production scale and structural dependence on Chinese raw materials are capping expansion.
Gas Malaysia projected for 16% earnings surge in FY27
Peninsular Malaysia’s sole natural gas network operator is positioned for accelerated profit expansion
Brazil needs more auctions, fewer licensing hurdles to boost oil reserves, say experts
Brazil drilled just 19 exploratory wells in 2025, well below the levels needed to replenish its oil reserves, according to industry executives and experts, who called for more auctions and fewer environmental licensing hurdles.
Cambodia opens LNG power project to global energy firms
Cambodia is inviting international bidders for a 900-megawatt liquefied natural gas (LNG) power plant, as it broadens its energy partnerships while accelerating the transition to cleaner electricity.
South Korea imports first condensate from Australian Barossa field
SK Innovation E&S (096770.KS) will import its first ever consignment of condensate from an Australian offshore gas field, the company announced on July 27.
Poland's president sends fuel windfall tax bill to Constitutional Tribunal over retroactivity concerns
Poland's President Karol Nawrocki announced on July 24 he had decided to refer a draft law imposing a tax on extraordinary profits made by fuel companies between March and December 2026 to the Constitutional Tribunal for a preventive review.
Thailand weighs $711mn EV scheme to replace ageing vehicles
Thailand is planning a $711mn programme to replace 80,000 ageing vehicles with electric models as part of efforts to revive its automotive sector and accelerate the shift towards cleaner transport.
Petrovietnam secures $277mn loan for Mekong power plant
State-owned Petrovietnam has secured a VND7.3 trillion ($277mn) loan from two of Vietnam’s largest banks to advance construction of the O Mon IV thermal power plant in the Mekong Delta.
NABARD, MAHAPREIT partner to expand green infrastructure in rural India
NABARD has signed a memorandum of understanding with Maharashtra-based MAHAPREIT to accelerate the development of renewable energy and climate-resilient infrastructure in rural India.
ENGIE secures financing for 250-MW Khaba solar project in India’s Rajasthan
ENGIE (EPA: ENGI) has reached financial close for its 250-MW Khaba solar project in Barmer, Rajasthan, through its wholly owned subsidiary, Khaba Renewable Energy, enabling the project to move into the construction phase.
ONGC begins first appraisal well drilling in India’s Mahanadi offshore basin
State-owned ONGC has commenced drilling its first appraisal well, MN-DWN18-1-HD, in the Mahanadi Offshore Basin, marking the start of a deepwater exploration programme aimed at evaluating one of India's most prospective offshore hydrocarbon regions.
Repsol CEO says Venezuela debt talks can wait as company prioritises production
Repsol Chief Executive Officer Josu Jon Imaz said the Spanish energy company is focused on expanding oil and gas output in Venezuela rather than resolving billions of euros in historical debt owed by state oil producer PDVSA
Repsol expects four more Venezuela oil shipments by year-end
Repsol expects to receive four additional cargoes of Venezuelan crude before the end of the year as part of agreements that allow the Spanish energy company to expand gas and oil operations in the country while recovering outstanding payments
Trump administration faces questions over $13bn in Venezuelan oil revenue
The Trump administration is facing mounting scrutiny over more than $13bn in Venezuelan oil revenue collected since January, with lawmakers and economists pressing Washington to disclose how the money is being managed
Baghdad greenlights Syria pipeline, Akkas talks with ConocoPhillips
Iraq’s cabinet has approved upstream and midstream measures to broaden crude export routes and accelerate field development
OPEC and the next surplus
A post-war return of constrained barrels could tip today’s uneasy balance into oversupply, forcing OPEC+ back into a market-share struggle it may no longer control.
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