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Thailand, Singapore deepen energy ties through ASEAN Power Grid
Thai Prime Minister Anutin Charnvirakul and Singapore Foreign Minister Vivian Balakrishnan have pledged to strengthen economic and energy cooperation, placing the ASEAN Power Grid at the centre of efforts to improve regional connectivity
Carlos Slim expresses strong optimism for the future of Mexican oil
Carlos Slim, chairman of Grupo Carso and Latin America's richest man, said on July 8 he expected Mexico's oil production to recover to between 2mn and 2.5mn barrels per day (MMb/d) in the coming years, a reversal from remarks he made five weeks ago.
Pumpco-Bonatti consortium wins $1.2bn Argentina's Vaca Muerta LNG pipeline contract
A consortium led by US-based Pumpco and Italy's Bonatti has been awarded the contract to build Argentina's largest-ever gas pipeline, a $1.2bn project that will link the Vaca Muerta shale formation to an LNG export terminal in Sierra Grande.
Tajikistan targets grid losses and glacier retreat as EU, World Bank, EBRD back water-energy overhaul
Tajikistan is pursuing a broad overhaul of its power distribution network and water management systems through a cluster of international financing packages, as the country's near-total dependence on hydropower collides with climate issues.
Argentina awards 700.5 MW of battery storage projects in national grid tender
Argentina has awarded 700.5 MW of battery energy storage projects under its Alma SADI tender, selecting 20 projects across seven regions as part of a government plan to strengthen the national electricity grid and reduce the risk of power outages.
S&P upgrades Uzbekistan's state uranium producer Navoiyuran to 'BB'
S&P Global Ratings has upgraded Uzbekistan's state-owned uranium producer Navoiyuran to 'BB' from 'BB-' and affirmed the company's stable outlook. It cited a stronger operating track record following rapid production growth.
Argentina posts record first-half energy trade surplus as exports surge
Argentina recorded its largest-ever energy trade surplus for a first half, reaching more than $6.98bn between January and June 2026, as higher hydrocarbon production and rising exports drove the sector's strongest performance on record.
Elsewedy Electric secures three major wind power grid contracts in Egyptian Gulf of Suez
Mauritius’ fuel fund deficit widens to $69mn on Middle East crisis
Mauritius' State Trading Corporation (STC) has accumulated a Rs3.28bn ($69mn) deficit in its Price Stabilisation Account as the conflict in the Middle East continues to drive fuel market volatility, Defi Media reported on July 11.
Galp Energia takes Mozambique tax dispute to ICSID arbitration
Portuguese energy company Galp Energia (ELI:GALP) has launched arbitration proceedings against Mozambique over a capital gains tax dispute arising from the sale of its stake in the country’s Area 4 offshore gas concession
African governments remain focused on strengthening electricity systems
Africa's power generation sector saw steady progress last week, with governments focusing on new investment, grid expansion and renewable energy rather than announcing major new power plants.
Brazil hosts global rescue pact
Saipem-Subsea 7 merger to face EU probe
Italian energy services group Saipem's proposed merger with Norway's Subsea 7 is expected to face a full European Union antitrust investigation over competition concerns.
Trump reinstates Hormuz blockade on Iranian shipping, imposes 20% transit levy on all cargo
Washington will bar Iranian vessels and their customers from the Strait of Hormuz and charge a 20% levy on all other cargo transiting the chokepoint, which carries a fifth of global oil, in a sharp escalation of the US-Iran conflict.
Colombia's outgoing government to submit fracking ban bill ahead of transition
Colombia's Ministries of Mines and Energy and of Environment will submit a bill to Congress on July 20 seeking a definitive ban on hydraulic fracturing, or fracking, in the country, Mines and Energy Minister Edwin Palma said.
Acquittal of five defendants in Argentina's Plaza Huincul refinery explosion case becomes final
A court ruling acquitting five defendants charged over the 2022 explosion at the New American Oil refinery in Plaza Huincul has become final after neither prosecutors nor private plaintiffs filed appeals within the legal deadline.
War in Iran set to weigh on Latin America throughout 2026, ECLAC warns
The war between the US, Israel and Iran will continue to weigh on Latin American and Caribbean economies for the rest of 2026, even if last month's fragile ceasefire holds, the UN's regional economic body has warned.
Abu Dhabi Future Energy Company funds largest renewable project to date
Abu Dhabi Future Energy Company (Masdar) has reached financial close on its largest renewable energy project to date, a $6.1bn solar and battery storage development in Abu Dhabi.
Egypt revives drilling programme for southern Al-Baraka oil field
Egyptian Ganoub El Wadi Petroleum Holding Company (GANOPE) has launched a comprehensive redevelopment programme to reactivate production wells at the Al-Baraka oil field in the Kom Ombo concession
Russia pledges backing for Mozambique's fight against terrorism
Russia is ready to support Mozambique's efforts to eliminate terrorism and restore stability in the country's insurgency-hit north while expanding trade and investment ties, Russian Foreign Minister Sergey Lavrov said on July 9.
US trade agency eyes SMR nuclear power projects in Turkey
The US Trade and Development Agency (USTDA) is exploring investment cooperation opportunities with Turkey in the small modular reactor (SMR) nuclear energy segment, its deputy director Thomas Hardy was last week reported as saying.
Argentina's Neuquén enacts law backing YPF LNG project with 30-year fiscal stability
Argentina's Neuquén Province has enacted legislation approving an agreement with state-controlled energy company YPF to support the development of a liquefied natural gas (LNG) project linked to the Vaca Muerta shale formation.
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