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Gazprom Export wins Russian court case against Austrian gas pipeline operator TAG
Gazprom Export has won a Russian court case against Austrian pipeline operator TAG over 12 disputed invoices, in one of dozens of legal proceedings spawned by the collapse of Russia’s once-vast pipeline gas trade with Europe.
Syria-Iraq pipeline revival seeks to restore Mediterranean oil exports
A memorandum of understanding (MoU) between Syria and Iraq to rehabilitate the Haditha-Baniyas oil pipeline has revived plans to restore a strategic export corridor linking Iraqi crude to the Mediterranean.
Russia extends "import damper" subsidies to diesel to attract more overseas supplies amid fuel crisis
The Russian government approved proposals on July 17 to extend its “import damper” subsidy mechanism to diesel, as refinery outages and peak seasonal demand place growing pressure on domestic fuel supplies.
Ukraine seeks long-term US LNG partnership to bolster winter gas supplies
Ukraine's state energy company Naftogaz has agreed to pursue a long-term partnership with US-based Argent LNG to supply American liquefied natural gas LNG, as Kyiv seeks to strengthen energy security and secure fuel supplies ahead of winter.
Drones strike tankers at CPC oil terminal in Russia
The Caspian Pipeline Consortium suspended crude loadings at its Russian Black Sea terminal on July 19 after drones struck two tankers during loading operations, marking the third attack on a CPC-linked vessel in two days.
Iraqi North Oil finalises preparations to resume Kirkuk-Ceyhan crude pumping
Iraq's state-run North Oil Company (NOC) announced on July 18 that it has completed all technical and engineering work required to receive and pump crude oil from Kirkuk through the strategic pipeline to the Turkish port of Ceyhan.
Iraq loses 302mn barrels of crude oil as regional conflicts escalate
Iraq extracted nearly 440.3mn barrels of oil during H1 2026, though production losses reached around 302.8mn barrels compared to normal levels due to regional war disruptions.
Glut of LNG supply pushed back to 2028
Damage to Qatar’s Ras Laffan Industrial Complex and the blocking of the Strait of Hormuz by Iran has delayed the oversupply of LNG to the market.
Turkey’s BOTAS increases LNG storage capacity at Marmaraereglisi Terminal
Turkey’s state-run energy firm BOTAS has begun construction of a fourth storage tank at the company’s Marmaraereglisi Terminal in the country’s northwest.
Iraq activates Hamrin field contract with HKN
Iraq's oil ministry has formally activated a development contract with US-based HKN Energy for the Hamrin oilfield, targeting a plateau of 140,000 barrels per day
Kuwait’s KPC reports damage, injuries from Iranian attacks
Kuwait Petroleum Corporation (KPC) has said that one of its oil facilities was hit on Saturday by “repeated Iranian attacks”, resulting in significant material damage and some injuries
Halliburton wins multi-year Jafurah stimulation deal
Saudi Aramco has awarded Halliburton a multi-year contract for integrated stimulation and completion services across its unconventional gas acreage
Argentina launches offshore exploration tender off Atlantic coast
Argentina's government has launched an international tender process for offshore oil and gas exploration in the Argentine Sea off the coast of Buenos Aires Province after a Canadian energy company expressed interest in the block.
Uzbekistan capitalising on abundant sunshine, favourable winds in renewables energy transition, says Montfort report
Uzbekistan is accelerating one of Central Asia's most ambitious energy transitions as it seeks to meet rapidly rising electricity demand through renewable energy investment, grid modernisation and market reforms, according to an analysis.
OPEC reflects on its superpower era
War‑time disruption, sanctions and the UAE’s exit have exposed the limits of OPEC’s market power, leaving the cartel more constrained, more reactive and less central to price formation
Iran hits targets in three Gulf countries and Jordan as seventh night amid American strikes
Iran struck US military targets in four countries, hitting a fuel pier in Kuwait and an air base in Bahrain, as a seventh night of American strikes on Iran's Gulf coast cut water supplies and destroyed bridges.
ConocoPhillips takes 42% stake in bp’s Kirkuk venture
ConocoPhillips has agreed to acquire a 42% interest in BP Energy Company of Kirkuk Limited (BP ECKL), joining bp in redeveloping four northern Iraqi oilfields
Libya approves development of 195mn-barrel Cyclone Oil Field in Sirte Basin
Libya’s National Oil Corporation (NOC) has declared the commercial viability of the Cyclone Oil discovery in Concession 103 within the Sirte Basin, clearing it for immediate development
Algeria’s energy major Sonatrach signs gas supply deal with Germany’s VNG
Algeria’s state-owned energy major Sonatrach and German energy firm VNG have signed a new natural gas supply agreement to expand gas volumes and secure energy infrastructure ties
North Macedonia extends oil supply crisis period until October amid energy market uncertainty
Slovenia's GEN-I reports strong first-half 2026 profit as electricity trading jumps 19%
Brazil regulator rules in favour of Ecopetrol unit in tender offer appeal
Brazil's securities regulator has ruled in favour of a subsidiary of Colombian state-controlled energy group Ecopetrol in an administrative appeal, lifting a suspension on a public tender offer for shares.
Brazil delays Búzios FPSO tender
Petrobras has postponed the deadline for bids to build the Búzios 12 floating production, storage and offloading (FPSO) vessel by 180 days.
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