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Brazil offshore output gets lift
Karoon Energy has restored production from the PRA-2 well at its Baúna field offshore Brazil, lifting total output to about 22,000 barrels of oil per day.
OPEC takes aim at the IEA over oil and gas forecasts
OPEC warns that pessimistic demand forecasts and financing restrictions risk deterring oil and gas investment.
Iran puts payback on household solar plants at under five years
Rooftop solar plants in Iran pay for themselves within five years, a SATBA official says, with a five-kilowatt system costing IRR3.5bn to IRR4bn and earning owners net income from grid sales thereafter.
Oman-based fertiliser producer inks long-term urea supply deal with India
Oman India Fertiliser Company (OMIFCO) announced on July 16 that its principal trading partner, OQ Trading Limited, has signed a long-term back-to-back agreement with the Government of India for the supply of urea.
Shell gives go-ahead to Caribbean LNG regasification plant in Bahamas
Shell has approved an investment in a small LNG receiving terminal in the Bahamas and begun construction at the project site.
Kazakhstan, China sign $15bn worth of deals as Tokayev visits Shanghai
Agreements range across AI, digital infrastructure, corridor freight, manufacturing, energy and critical minerals.
South Korea approves Wolseong Unit 3 reactor restart
South Korea's Nuclear Safety and Security Commission approved the restart of the Wolseong Unit 3 nuclear reactor.
EIB approves €800mn loan for refurbishment of Romania's Cernavodă nuclear unit
EU's development bank gives a major financing boost for one of Romania's largest strategic energy projects, with an estimated cost of approximately €1.9bn.
Indonesia breaks ground on $21bn Abadi Masela LNG megaproject
Unlocking one of the largest offshore gas reserves in the Asia-Pacific region, Indonesia has launched an upstream megaproject of the Abadi Masela LNG Block National Strategic Project.
Indonesian sovereign fund selects eight consortia for waste-to-energy phase II
Accelerating the integration of green municipal infrastructure with the domestic capital market to advance the circular economy mandates, Indonesia's sovereign investment fund Danantara has finalised its latest environmental technology matrix.
India's energy storage capacity to reach 174 GW by 2036
India's energy storage capacity is expected to expand rapidly over the next decade, with installed Battery Energy Storage System (BESS) capacity projected to reach 80 GW and Pumped Storage Plant (PSP) capacity 94 GW by 2035-36.
Substandard coal costs Sri Lanka almost $14mn
Sri Lanka incurred additional electricity generation costs exceeding LKR4.5bn ($14mn) over four months after substandard coal reduced output at the Norochcholai Coal Power Plant, a Presidential Commission of Inquiry was told.
Bangladesh to add 5 MW of grid-connected rooftop solar capacity by September
Bangladesh plans to connect nearly 5 MW of electricity generated from rooftop solar installations to the national grid by September as part of its strategy to expand renewable energy and diversify the country's power mix.
Czech Republic cuts renewable energy acceleration zones from 110 to 61
The Czech Ministry of Environment reduced the number of sites designated for the swift development of wind and solar energy plants, so-called acceleration zones, from 110 to 61.
Iran’s NIDC logs 1,900 drilling operations in nearly 4 months
The Iranian state driller carried out 1,900 drilling operations during the first 110 days of the current Persian calendar year which began on March 21.
Iraq hands Muthanna seismic work to two Chinese contractors
Iraq’s Oil Exploration Co. (OEC) has awarded back-to-back seismic survey contracts to two Chinese state-linked firms
Turkey unveils tenders for 2.4 GW of wind, solar capacity
Turkey has announced a round of renewable energy auctions under its Renewable Energy Resource Area (YEKA) programme, offering 2,400 MW of capacity through 21 separate tenders.
Serbia, Romania sign agreement on Đerdap 3 reversible hydropower project
Đerdap 3 is expected to become Serbia's largest energy investment and one of Europe's largest pumped-storage hydropower facilities.
Turkey to supply natural gas to Northern Cyprus through 100-km subsea pipeline
Turkey and the internationally unrecognised Turkish Republic of Northern Cyprus (TRNC) have signed an agreement to develop a 101-kilometre (63-mile) subsea natural gas pipeline that will boost the de facto state’s energy security and generation.
Croatia caps fuel price rise as oil market volatility persists
Croatia's government has again intervened to limit increases in fuel prices, Prime Minister Andrej Plenković said on July 16, citing rising global oil prices linked to tensions affecting shipping through the Strait of Hormuz.
Thailand launches green power scheme with World Bank support
Thailand is expanding its clean energy drive by launching a new green electricity scheme while securing $200mn in World Bank financing to support the country's transition towards a low-carbon economy.
Vietnam's E10 fuel shift boosts US ethanol export opportunities
Vietnam's nationwide adoption of E10 petrol is expected to push ethanol demand to almost 11bn litres this year, creating fresh export opportunities for the United States, according to the US Department of Agriculture (USDA).
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