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Colombia restarts power exports to Ecuador after diplomatic rift eases
Colombia will resume electricity exports to Ecuador after suspending sales earlier this year amid a diplomatic dispute, easing concerns over power supplies as both countries prepare for a potentially severe El Niño weather event
Michigan regulators reissue permits for Line 5 tunnel
The Michigan Department of Environment, Great Lakes, and Energy has reissued the permit for Enbridge's Great Lakes Tunnel Project.
Russia's gas queues start to ease, but the fuel crisis is far from over
Ukraine's drone campaign against Russian refineries has made the country's refining sector a strategic liability for the Kremlin, and the resulting fuel crisis has pushed Russian refining to record lows even as LNG exports to Europe hit record highs.
Myanmar’s Kanyin hydropower project to power 10,000 homes
Myanmar's 10.5-megawatt Kanyin Hydropower Project in Ingapu Township, Ayeyawady Region, is expected to provide electricity to more than 10,000 households while improving irrigation and agricultural productivity.
North Macedonia’s ESM launches tender for environmental study on Bitola gas CHP project
Russia restores under half of drone-hit refining capacity
Russian oil companies have brought back less than half of the refining capacity knocked out by Ukrainian long-range drone strikes, leaving facilities with a combined capacity of about 45mn tonnes a year still offline, industry data showed this week.
Jordan's crude oil imports rise 41.9% in first five months of 2026
Jordan's imports of crude oil and petroleum products rose 41.9% in the first five months of 2026 compared with the same period a year earlier.
SABIC signs project development agreement with Rongsheng Petrochemical
Saudi Basic Industries Co. (SABIC) revealed this week that it had signed a Project Development Agreement (PDA) with Rongsheng Petrochemical Co. Ltd. (Rongsheng) and its subsidiary, Rongsheng New Materials (Zhoushan) Co. Ltd.
Vietnam Hai Phong Thermal Power beats annual profit target
Hai Phong Thermal Power JSC (UPCoM: HND) has exceeded its full-year pre-tax profit target in the first six months of 2026, despite a recent change in senior management following the detention of its chief executive
Low Danube levels threaten Serbia’s river traffic, disrupt fuel imports
Exceptionally low water levels on the Danube are threatening to disrupt river navigation in Serbia and have slowed imports of petroleum products, adding pressure to fuel supplies amid high demand and elevated global oil prices.
Nigerian police recover 285 vandalised NNPCL pipelines, arrest seven suspects
The Nigeria Police Force (NPF) has arrested seven suspects that were part of a pipeline vandalism syndicate in Adamawa State while also recovering 285 pieces of vandalised pipelines belonging to the Nigerian National Petroleum Co. Ltd. (NNPCL).
Nigeria may need to increase fuel imports as Dangote sells petrol abroad
Nigerian imports of petrol have tripled since June as the country’s 700,000 barrels per day (bpd) Dangote refinery moved to limit domestic supply and instead focus on increasing exports to maximise foreign currency income.
Yemenis vow to extend Saudi blockade to Jeddah, Yanbu
A senior Houthi adviser said the movement's naval blockade of Saudi Arabia will expand from Jizan to Jeddah and Yanbu, the Red Sea terminal Riyadh has used to bypass the closed Strait of Hormuz, after Trump threatened military retaliation.
Riyadh's Red Sea lifeline comes under fire
Confronted with a Houthi naval blockade and burning tankers off Yanbu, Saudi Arabia's carefully engineered workaround to Hormuz is unravelling just as Asian refiners scramble for alternatives.
Chevron, BP evacuate some Gulf workers ahead of Tropical Storm Bertha
Chevron and BP evacuated some of their staff from platforms in the US Gulf of Mexico this week as Tropical Storm Bertha approached the region, but the disruption ultimately proved minor.
Brent tops $100 as Houthi strikes on Saudi tankers threaten Red Sea route
Brent crude broke $100 a barrel on July 23 for the first time since May 26 after Houthi forces struck two Saudi tankers in the Red Sea, threatening the export route Riyadh has used to bypass the closed Strait of Hormuz.
UniCredit Serbia, KfW launch €43mn green financing scheme
UniCredit Bank Serbia has launched a €43mn KfW-backed credit line for energy efficiency and renewable energy projects, part of a €47.3mn package expected to reach 300 companies and cut 24,000 tonnes of CO2 a year by 2028.
IFC, Proparco acquire minority stakes in Turkish electricity grid operator Uludag
Uludag Enerji serves Uludag region, one of Turkey’s leading industrial centres, taking in Bursa, Balikesir, Canakkale and Yalova provinces.
Magnolia to buy WildFire in $4.1bn Eagle Ford-focused deal
Magnolia Oil & Gas has agreed to acquire WildFire Energy for around $4.06bn.
Spain's MASPV signs 15-year power deals for Guatemala's largest solar-storage plant
Renewables developer MASPV has finalised the contractual terms for its Estanzuela solar and battery storage project in Guatemala, signing 15-year electricity supply contracts with two local distributors and posting the required financial guarantees.
Houthis strike Saudi tankers as Red Sea route unravels
Yemen said on July 23 it had struck two Saudi oil tankers in the Red Sea, opening a second front against global crude flows.
Oman urges restraint as Red Sea tensions threaten regional stability
Oman has expressed concern over the latest developments in the Red Sea, warning that further escalation could undermine regional security and threaten freedom of navigation along one of the world’s most important maritime trade routes.
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