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Norway's Equinor strikes oil near Johan Castberg
The discovery was made at the Skrugard North Tubåen prospect, around 6 km north of Johan Castberg and 240 km northwest of Hammerfest.
Moody’s downgrades Istanbul-listed Zorlu Enerji’s outlook to negative
The change in outlook reflects Zorlu Enerji's rising financial leverage and weak cash flow generation, which are balanced against management's commitment to improving liquidity through further disposals.
Sandawana lithium resource estimate strengthens Zimbabwe’s battery minerals ambitions
Zimbabwe’s state-controlled Mutapa Energy Resources has confirmed a JORC-compliant lithium resource of 39.9mn tonnes at its Sandawana mine, based on exploration covering only 30% of the project’s mining concession.
Japan doubles oil imports in June
Middle Eastern deliveries rose to around 1.2mn bpd from just over 800,000 bpd in May, but remained 40.6% lower year on year.
EU backs 21th sanctions package on Russia, targeting banks, oil trading and cryptocurrency
EU ambassadors agreed a 21st sanctions package against Russia on July 23, targeting more banks, oil trading and cryptocurrency networks and vessels supporting Moscow’s oil exports.
Former Uzbekneftegaz boss goes on trial as billionaire Fazylov's energy empire unravels
The trial of former Uzbekneftegaz chairman Bahodir Siddiqov deepens scrutiny of state energy contracting as Bakhtiyor Fazylov’s once-dominant business empire continues to unravel.
D3 Energy starts two-well helium drilling programme in South Africa
Australian helium and natural gas explorer D3 Energy (ASX:D3E) has started a two-well drilling programme at the Nooitgedacht area of its wholly owned ER315 permit in South Africa’s Free State province.
Russia's Rosneft unsurprisingly bullish on global oil and gas demand growth
Global oil demand will rise by 16% and natural gas consumption by 37% between 2023 and 2050 under the base-case outlook of Russian oil giant Rosneft. Growing energy use in developing economies more than offsetting declines in advanced countries.
Iran brings first geothermal power plant online after two-decade build
Iran brought its first geothermal power plant online, adding 5MW to the national grid. The €10mn Meshginshahr pilot project could pave the way for larger geothermal developments.
TGS, Ghana launch seismic imaging project for underexplored Keta Basin
Norwegian energy data group TGS (OSE:TGS) has signed an agreement with Ghana’s Petroleum Commission to create a unified 3D seismic volume over the offshore Keta Basin, as the country seeks to revive exploration and reverse declining oil production.
Saipem wins $260m Eni drilling contract in Côte d’Ivoire
Saipem has secured a contract worth about $260m from Eni (BIT: ENI) to provide offshore drilling services in Ivory Coast, with operations expected to begin in early 2027
Madagascar fuel import reform raises Russian oil sanctions concerns
Fuel distributors warn that Madagascar’s proposed expansion of state control over petroleum imports could expose companies and customers to products supplied by sanctioned entities, particularly if the country deepens energy ties with Russia.
Aminex seeks resolution after operator proposes work programme changes to Tanzania gas project
Tanzania-focused upstream oil and gas company Aminex is in talks with its partners to resolve a dispute over the development of Tanzania’s Ntorya gas field after the project’s operator proposed cutting this year’s work programme.
Afreximbank digital platform supports $5.3mn Zimbabwe fuel import deal
Witeva Trading sourced the fuel from an unidentified commodity trader in Switzerland, with InnBucks MicroBank acting as the local issuing financial institution and Afreximbank providing confirmation support under the agreed trade-finance structure.
McGill and GIB launch renewable energy insurance facility in South Africa
Independent global specialty insurance and reinsurance broker McGill and Partners and South African insurance broker GIB have launched Protea Green, an insurance facility covering risks associated with renewable energy infrastructure in South Africa.
LatAm state oil companies face policy risks despite higher crude prices, Moody’s says
Higher global oil prices are unlikely to translate into stronger credit profiles or proportionally larger financial gains for several of Latin America's state-backed oil companies, Moody's says.
Argentina streamlines oil export rules amid record crude shipments
Argentina has introduced a new regulatory framework to simplify crude oil and refined product exports, as the country experiences a surge in overseas energy sales driven by rising production from the Vaca Muerta shale formation.
South Africa’s Eskom to outline post-2030 coal plant closure plan in September
Eskom will outline its proposed approach to closing coal-fired power stations beyond 2030 in September, as it weighs emissions commitments against the need to maintain electricity supply.
Nofar Energy in talks to acquire Phoenix Insurance's $497mn stake in Israeli natural gas plant
Nofar Energy is in talks to acquire Phoenix Insurance's entire 39.5% stake in the Reindeer natural gas power plant project for ILS 1.8bn.
Tanzania’s Taifa Gas nears completion of $124mn Mombasa LPG terminal to challenge Kenya import duopoly
Taifa Gas, Tanzania's largest LPG distributor, controlled by billionaire Rostam Aziz, is nearing completion of a $124mn import and storage terminal in Kenya's port city of Mombasa, a project that will introduce a third major
Paladin sets FY2027 production guidance for Namibia’s Langer Heinrich uranium mine
Paladin Energy expects its Langer Heinrich uranium mine in Namibia to produce between 5.1mn and 5.6mn pounds of triuranium octoxide (U3O8) in the financial year ending June 30, 2027 following completion of the operation’s ramp-up.
Gabon, EDF advance estimated 400-MW Booué hydropower project
Gabon has taken a further step towards developing the estimated 400-MW Booué hydropower project after the government, EDF Power Solutions and Gabon Power Company signed a mutual commitment protocol in Paris.
Azerbaijan's crude oil exports to Italy and Germany fall in H1 2026
Azerbaijan exported 5.92mn tonnes of crude oil to Italy in the first six months of 2026, worth $3.5bn, while shipments to Germany totalled 360,299 tonnes worth $210.86mn, according to the State Customs Committee.
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