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Russian thermal coal export prices could drop by 20% by 2028

Russian thermal coal export prices could decline by 10%–20% from June 2026 levels by the end of 2028, depending on the export route

Alaska wildcatter sets sights on Venezuela in new frontier oil bet

The Texan wildcatter behind Alaska’s Pikka oil discovery is preparing to explore for crude in Venezuela after agreeing a draft deal with authorities

Venezuela targets 1.4mn barrels a day of oil output by year-end

Venezuela expects crude production to approach 1.4mn barrels per day by the end of 2026, Acting President Delcy Rodríguez said, outlining an expansion plan as the government seeks to generate additional revenue for the country's reconstruction

ECOWAS countries sign intergovernmental accord for $25bn Nigeria–Morocco gas pipeline

Member countries of the Economic Community of West African States (ECOWAS) have signed an intergovernmental agreement governing the development of the 6,900km Nigeria–Morocco African Atlantic Gas Pipeline (AAGP)

Jade executes collaboration agreement with three Chinese partners for coal bed methane project at Red Lake, Mongolia

ade Gas Holdings (ASX: JGH), a gas developer focused on the coal bed methane (CBM) potential of Mongolia, said on July 20 in a press release that it has executed a non-binding collaboration agreement.

Mexican crude shipment reaches Japan for the first time since Iran war began

Japan’s Ministry of Economy, Trade and Industry said a tanker carrying 1mn barrels of Mexican Isthmus crude arrived in Japan on July 17, dropping off oil at Japan’s Yokkaichi and Chiba refineries in Mie and Chiba prefectures respectively.

Mexico regulator clears Paratus Energy's $400mn divestment of Fontis rig fleet to Borr Drilling JV

Bermuda-based Paratus Energy Services announced it has received approval from Mexico's competition regulator to proceed with the divestment of drilling operations and jack-up rigs belonging to Fontis Finance, an indirect subsidiary.

Pemex scraps four major offshore oil contracts in Mexico

Petróleos Mexicanos (Pemex), Mexico's state oil company, has cancelled four mixed contracts related to some of the country’s most closely watched offshore prospects, invoking force majeure after failing to resolve investor concerns.

Carlos Slim's Grupo Carso to buy out TotalEnergies stake in Gulf of Mexico oil field

A securities filing published on July 16 shows Grupo Carso SAB, the conglomerate controlled by Carlos Slim, Mexican billionaire and Latin America’s richest man, has agreed to acquire a stake in an offshore field in the Gulf of Mexico.

Serbia's Vučić unsure US will extend NIS sanctions waiver beyond July 31

Serbia’s President is uncertain whether the United States will extend a sanctions waiver allowing oil company NIS to continue operating beyond July 31, casting doubt on the future of talks to remove Russian ownership of the company.

Iraq's SOMO seeks to buy gasoil cargoes in first tender since 2025

Iraq's State Oil Marketing Organisation (SOMO) has issued a tender to purchase gasoil cargoes for delivery in August and September, marking its first buying tender since January 2025.

Tajikistan faces another winter of potential power rationing despite falling grid losses

Vietnam businesses struggle to prepare for mandatory emissions reporting

Vietnamese businesses are facing growing challenges in preparing mandatory greenhouse gas (GHG) inventories as fragmented data, shortages of skilled personnel and rising compliance costs complicate efforts ahead of stricter reporting requirements.

Nigeria's Dangote refinery raises $2.5bn ahead of planned IPO

Nigeria's Dangote Petroleum Refinery has secured $2.5bn through a private placement ahead of a planned initial public offering later this year, providing fresh funding to support the next phase of expansion at Africa's largest refinery

Latin America electricity output rises 4.5% in April, renewables hit 67%

Latin America and the Caribbean generated 164 TWh of electricity in April, a 4.5% rise from the same month a year earlier, with renewable sources accounting for 67% of the total, the Latin American and Caribbean Energy Organisation (OLACDE) said

Renewables, grids and regional links drive Africa’s power sector forward

Africa's power generation sector recorded several notable developments last week, highlighting the continent’s growing focus on renewable energy, grid expansion and regional electricity trade.

Myanmar targets higher solar share in national electricity supply

Solar power contributes just 4% of Myanmar’s electricity generation, highlighting the country’s continued dependence on hydropower and natural gas despite efforts to expand renewable energy.

Vietnam faces nuclear skills shortage as energy plans advance

Vietnam will need tens of thousands of skilled workers over the next decade to support its expanding atomic energy programme, with nearly 4,000 personnel required to operate its first two planned nuclear power plants alone.

Czechia ends regulation of fuel prices

Regulation of fuel prices came to an end in Czechia on July 20, which is likely to lead to a renewed spike in fuel prices across the country.

Colombia's Ecopetrol says cyberattack hits 15 group companies, 3,300 accounts

Colombia's state oil company Ecopetrol confirmed that an unidentified external threat actor had gained unauthorised access to its cloud storage environments, extracting data linked to approximately 3,300 user accounts across roughly 15 companies

Rosatom financial woes threaten Central Asia’s nuclear energy ambitions

Budget cuts call projects in Kazakhstan, Uzbekistan into question.

Canadian firm ReconAfrica reports first onshore hydrocarbon flow in Namibia

Reconnaissance Energy Africa has produced hydrocarbons to the surface during production testing at its Kavango West 1X discovery well, marking what the company described as the first successful onshore hydrocarbon flow in Namibia.

UK guarantees $400mn AfDB loan for South Africa municipal utility reforms

The African Development Bank has approved a UK-guaranteed $400mn loan to improve water and electricity services in four municipalities in South Africa’s Mpumalanga province.

Australian firm Deep Yellow awards construction contracts ahead of Namibia uranium project decision

Deep Yellow (ASX: DYL) has awarded two major civil and concrete construction contracts for its flagship Tumas uranium project in Namibia as it advances preparations for a final investment decision expected in the fourth quarter of 2026.

US opens probe into Ethiopian solar imports over alleged China tariff circumvention

The US Department of Commerce has opened a countrywide investigation into whether Ethiopian solar cells and modules made with Chinese components are circumventing US antidumping and countervailing duties.