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Aluar to invest $50mn in battery storage after winning two Argentine energy projects
Argentine aluminium producer Aluar will invest around $50mn in two battery energy storage projects after securing contracts under the government's AlmaGBA and AlmaSADI tenders, expanding its presence in the country's electricity sector.
Tanzania delays $420mn Canadian-backed gas-to-liquids plant pending gas supply assurance
Tanzania has delayed signing a gas supply agreement needed to advance a planned $420mn gas-to-liquids (GTL) plant, with state-owned Tanzania Petroleum Development Corporation saying natural gas will remain prioritised for electricity generation
Ukraine seeks €7bn for power recovery as allies expand air-defence cooperation
Ukraine has lost about half of its electricity generation capacity since the war began in February 2022, with flexible generating facilities among the hardest hit.
SLB OneSubsea wins major contract for Côte d’Ivoire’s Baleine Phase 3
US energy technology company SLB (NYSE:SLB) said its OneSubsea joint venture had secured a major EPC contract from Italian energy group Eni (BIT:ENI) for Phase 3 of the Baleine oil and gas development.
Shell delivers US LNG cargo to Bulgargaz for winter storage
UK-based energy company Shell has delivered a cargo of US LNG to Bulgaria's state-owned gas supplier Bulgargaz via the Alexandroupolis LNG terminal in Greece.
Senegal utility Senelec lists $192mn sustainability-linked bonds in Luxembourg
Senegal’s state-owned utility Senelec has admitted XOF108bn ($192mn) of sustainability-linked bonds to the Luxembourg Stock Exchange, supporting renewable energy investment, electricity access and investor diversification.
Kenya’s Ruto says Dangote-backed Lamu refinery could create 60,000 jobs
Kenyan President William Ruto says the proposed Dangote-backed Lamu oil refinery will create at least 60,000 jobs and process 700,000 barrels of crude per day.
Noble Corporation locks in $136mn Brunei drillship deal
Signaling a multi-year capital commitment to deepwater oil and gas exploration across Southeast Asia, offshore drilling titan Noble Corporation has finalised a high-value contract for its ultra-deepwater asset
Thailand-Cambodia energy dispute leaves up to $300bn in resources untapped
The disagreement centres on an overlapping maritime claims area covering about 26,000 sq km of what is today called the Gulf of Thailand. Successive governments have failed to agree where each country's maritime boundary should lie.
Indonesia’s Karimun emerges as Asian hub for Russian oil
Russian businesspeople have begun staying at the island's leading hotel, where rooms cost about $40 a night the report adds. Their destination is almost always the local oil terminal, which changed ownership in mid-2024.
Aditya Birla Renewables to acquire Shell's India renewable energy platform for $1.8bn
Grasim Industries has announced that its subsidiary, Aditya Birla Renewables Limited (ABReN), has agreed to an all-cash deal to acquire Solenergi Power Private Limited (SPPL), the holding company of Sprng Energy, from Shell Overseas.
Bangladesh to roll out 60-MW rooftop solar programme across public universities
Bangladesh's University Grants Commission (UGC) is set to launch a privately financed rooftop solar programme across public universities that is expected to deliver electricity at less than half the prevailing market tariff.
Bangladesh should strengthen nuclear expertise before investing in SMRs
As Bangladesh gets close to attaining the status of a nuclear power-generating country, policymakers have begun weighing the option of setting up Small Modular Reactors (SMRs) or adding two more large reactors to the energy portfolio.
The super El Nino is here
The planet’s seas are on their way to being as warm as bath water as the predicted super El Niño arrives. It is already clear that this year’s oceanic heating event will be the most powerful on record.
Poland's Tauron plans 767 MW, PLN7bn pumped-storage plant at Rożnów in large-scale storage push
The Ministry of Energy and one of Poland's biggest power groups Tauron signed on July 13 a letter of intent regarding support for the construction of a nearly PLN7bn (€1.6bn) pumped-storage power station at Rożnów.
Persian Gulf Star boosts petrol supply after wartime damage
The Persian Gulf Star Oil Co. (PGSOC), Iran’s largest fuel producer, has raised its contribution to the country’s petrol supply to about 45% since the outbreak of the joint US-Israeli war on the country, its main shareholder said.
Iran, Russia close in on final gas trade deal, oil minister says
Iran and Russia are close to finalising a long-term gas trade agreement after resolving most of the contract’s key provisions, Iranian Oil Minister Mohsen Paknejad said following talks in Tehran with Russian Energy Minister Sergei Tsivilev.
Iranian firms to bid for development of Ab Teymour oilfield
Two Iranian companies have emerged as the frontrunners to develop Iran’s Abteymour oilfield after a Turkish bidder was eliminated from the selection process over a lack of upstream technical expertise.
OPEC’s leverage narrows as war and exits reshape supply
Sanctions on Iran, war‑time disruptions and the UAE’s departure from OPEC have eroded the cartel’s capacity to shape prices, leaving it increasingly reactive and internally constrained
Vietnam advances green hydrogen research with German development partnership
BSR is exploring the future of low-carbon fuels through a new partnership with Germany’s development agency, GIZ, as Vietnam accelerates efforts to cut emissions across its aviation and maritime sectors.
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