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North Macedonia power generation up 3.8% y/y in May

Has Ukraine declared war on Iran?

Ukraine's Caspian strike killed an Iranian sailor and drew a retaliation threat from Tehran. Kyiv calls it interdicting the Iran-Russia arms route, but firing on a third state's vessel outside any declared war raises a harder question.

Egyptian petroleum product exports top $2.3bn in H1 2026

Egypt’s petroleum product exports reached over 2.3mn tonnes during H1 2026, generating nearly $2.3bn and matching the total export volume achieved in all 2025

Kuwait seals $16bn Shaheen pipeline investment agreement

Kuwait Petroleum Corporation (KPC) has signed a $16bn Shaheen project agreement with a consortium of leading global infrastructure investors to lease and lease back the country's domestic and crude oil export pipeline network.

Iran says it earned $18bn from oil during war and ceasefire

Iran raked in $18bn from oil sales during its recent war with the United States and the ceasefire that followed, the Oil Ministry said, adding that the revenues provided a major boost to government finances despite months of disruption to exports.

Iran adds 668 MW of generating capacity in a week as summer shortages bite

Iran added 668 MW of generating capacity in a week, including 70 MW of solar and a 160 MW combined-cycle unit at Asaluyeh, as Energy Minister Abbas Aliabadi pointed to weekly additions amid summer power shortages.

BP to add 80mn cubic feet of gas daily from offshore Mediterranean well

Egypt’s petroleum sector, in partnership with British energy major BP (LSE:BP), is preparing to bring the North Fayoum-4 offshore well in the Mediterranean Sea into production

Iraq holds oil export talks with Turkey ahead of PM visit

An Iraqi government delegation has held talks in Turkey on establishing a mutually agreed mechanism to resume and expand Iraqi oil exports through Turkish export routes.

Ukraine claims responsibility for Caspian oil platform and ship attacks

Ukraine has claimed responsibility for drone strikes on an oil platform owned by Russia’s Lukoil, two sanctioned cargo vessels and a Russian missile boat in the Caspian Sea, extending Kyiv’s campaign against Russian energy infrastructure.

TotalEnergies enjoys 12% bump in profits in Q2 on higher prices amid Middle East war

TotalEnergies’ adjusted net income rose by 12% quarter on quarter to $6.0bn in the second quarter, as higher oil prices and stronger refining margins outweighed production losses caused by the Middle East conflict.

Australia’s Amplitude gets greenlight to hook up three gas wells for East Coast project

Australia’s Amplitude Energy has secured environmental approval to connect three offshore gas wells to existing infrastructure in the Otway Basin, advancing its East Coast supply project towards commissioning in the second quarter of 2028.

Eni-Petronas joint venture see steel-cutting for FPSO for North Hub gas project off Indonesia

Searah, the energy joint venture between Eni and Petronas, has started construction of a $2.9bn floating production, storage and offloading vessel for the $11.8bn North Hub gas development offshore Indonesia.

ABL secures warranty survey service work for Papua New Guinea's first FSO

Global energy consultancy ABL has secured a contract from Australia’s Santos subsidiary Oil Search to provide marine warranty survey services for Papua New Guinea’s first offshore floating storage and offloading facility.

Malaysia's Velesto bags $51mn drilling contract with Chevron in North Malay basin

Malaysia’s Velesto Energy has secured a contract worth approximately $51mn to provide integrated drilling services for Chevron’s 2026-28 North Malay basin development campaign off Malaysia.

BP hails arrival of platform jacket for gas and CCUS project off Indonesia

The project combines development of the Ubadari gas field with new onshore compression and Indonesia’s first large-scale CCUS development.

Power shortages threaten Arbaeen services as pilgrims arrive in Iraq's Karbala

Power shortages are raising concerns over the delivery of essential services during the Arbaeen pilgrimage in Iraq's Karbala province, as officials warn that electricity supplies remain inadequate despite the arrival of millions of visitors.

Australia's Worley scores pre-FEED for Dutch CCS project

Worley will refine the development concept, establish its technical basis, prepare cost estimates and reduce execution risks before the project moves into FEED.

Dutch gas platform produces first green hydrogen from electrolyser

The PosHYdon pilot has produced its first green hydrogen on an operational gas platform in the Dutch North Sea, demonstrating how offshore wind, hydrogen production and existing natural gas infrastructure can be integrated.

Moldovan government proposes quarterly adjustments to gas prices amid spike in import costs

Moldova’s energy ministry has proposed allowing regulated gas tariffs to be adjusted every quarter as rising European wholesale prices increase costs for the import-dependent country.

Iran, Armenia eye increased gas trade

Iran currently supplies Armenia under a gas-for-power barter arrangement, with Yerevan returning electricity generated from Iranian gas.

Uzbekneftegaz, CNPC kick off 30-well campaign on Uzbekistan's Ustyurt Plateau

Uzbek national oil company Uzbekneftegaz and China’s CNPC XIBU Drilling Engineering are starting a 30-well deep exploration campaign on Uzbekistan’s Ustyurt Plateau.

Ukraine mulls lifting ban on gas exports amid spike in European prices

Ukraine is considering partially lifting its ban on exports of domestically produced natural gas, allowing selected producers to sell up to 15% of their output abroad after more than four years of restrictions.

Kazakhstan freezes Kashagan oil consortium's assets over $4.8bn environmental fine

The record does not identify the assets or vehicles affected, and there has been no indication that Kashagan’s operations have been disrupted.

KMG and Chinese partner complete drilling campaign at mature Karazhanbas field in Kazakhstan

Operator Karazhanbasmunai – owned by KMG and China’s CITIC Group in a 50:50 split – has drilled eight appraisal and 12 production wells in the area.

Russian fuel output drops 22% in June as national industrial growth stalls

Russian production of coke and refined petroleum products fell by 21.7% year on year in June, highlighting the impact of refinery outages and continuing strain in the country’s fuel market.