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Iranian deputy oil minister urges faster field development to meet output goals
Iran’s oil industry needs to speed up field development projects, clear financial and contractual bottlenecks and expand crude production capacity as the country seeks to restore output following months of war and export disruptions.
UAE’s ADNOC expands fleet with 4 new LNG carriers
The Abu Dhabi National Oil Company is increasing the size of its LNG fleet with an order made for four next-generation LNG carries from China’s Jiangnan Shipyard.
Central Asia battles to stop fuel squeeze turning into supply shock
Sustained Ukrainian attacks on Russia’s refineries increasingly hitting motorists across region.
Libya’s NOC upgrades production measurement systems at Sarir oil fields
The General Directorate of Inspection and Measurement at Libya's National Oil Corporation (NOC) is supervising the upgrade and replacement of crude oil, gas, and condensate custody transfer measurement systems for Sarir Oil Operations
Europe is heading for gas volume crunch this winter, Eni chief warns
Europe is heading towards a shortage of physical gas supplies rather than another spike in prices, according to the head of Italy's energy major Eni, who warned that the continent faces its tightest supply buffer since the 2022 energy crisis.
Iran-Oman Hormuz talks overtaken by escalation as Tehran closes strait
Iran and Oman discussed Hormuz shipping security in Muscat hours before Iran closed the strait and struck US bases and Gulf states, after CENTCOM said the US hit around 140 targets in Iran.
Indonesia tightens oversight on domestic coal quotas
Of the total allocation, 154mn tonnes have been reserved for coal-fired power plants operated by state utility PT PLN.
India’s Rajesh Power wins PGVCL Contract
The turnkey contracts cover the conversion of the existing 11kV high-tension and low-tension overhead distribution network into an underground cable network with a ring main system.
China’s SGCC starts Xinjiang grid project
State Grid Corporation of China, the country's largest state-owned transmission company, has started construction of the 750kV Changbei transmission and transformation project in Xinjiang Province.
Uzbekistan, Belarus sign strategic partnership as Minsk lands a nuclear role
Uzbekistan and Belarus seal a strategic partnership declaration in Minsk — and turn nuclear small talk into a deal, with Belarusian know-how from Astravets enlisted for Tashkent's first Rosatom-built power plant.
Venezuela faces pressure to fast-track landmark debt overhaul after earthquakes
The government aims to complete the initial stages of restructuring sovereign and PDVSA debt, launched in May, by November to unlock foreign investment in sectors including oil and power
Wildcatters rush into Venezuela oil bet despite earthquake fallout
Independent oil investors are pressing ahead with plans to re-enter Venezuela following the US capture of Nicolás Maduro, betting they can revive the country's struggling energy sector despite the disruption caused by earthquakes
Venezuela uses oil windfall and tight liquidity to bring exchange rates closer
Venezuela has reduced the difference between its official exchange rate and the parallel market by combining larger dollar sales with tighter monetary policy, easing pressure on prices even as the economy faces fresh disruption from two earthquakes
Karoon lifts Brazil oil output after well restart
Equinor advances Brazil gas project
Brazil’s PetroReconcavo June output edges higher
PetroReconcavo produced 24,000 barrels of oil equivalent per day (boe/d) in June, up 0.8% from the previous month but 10.4% below the level recorded a year earlier, the Brazilian independent oil producer said.
Russia diesel ban poses limited near-term risk for Brazil
Russia's temporary ban on diesel exports has raised concerns for Brazil, one of Moscow's largest overseas buyers, but the immediate impact is expected to be limited.
China pullback hits Brazil oil prices
Weaker Chinese demand for Brazilian crude and rising output from Brazil have pushed cargo prices to their lowest levels in more than six years, according to traders and refining sources cited by Platts, part of S&P Global Commodity Insights.
Qatar’s plans to restart full output of LNG stifled by Iranian attack on vessel
With passage through the Strait of Hormuz uncertain, Qatar must now delay its ramp-up of LNG production.
Venezuela sets oil tax framework under new hydrocarbons regulations
Venezuela's new regulations implementing the reformed Organic Hydrocarbons Law have taken effect following their publication in Extraordinary Official Gazette No. 7.052
Venezuela oil rules remove PDVSA from industry framework
Venezuela's interim government has unveiled sweeping oil regulations that dismantle the long-standing dominance of Petróleos de Venezuela SA over the country's energy industry, opening every stage of the business to private operators
Bolivia's YPFB targets month-end fix for fuel shortage as drivers threaten renewed protests
Bolivia's state oil company YPFB expects to resolve the country's latest fuel supply crisis by the end of July, according to deputy chief Víctor Hugo Blacud.
Bolivia opens talks with Petrobras to expand Brazilian firm's role in gas sector
Bolivia's government has launched technical negotiations with Petrobras aimed at expanding the Brazilian oil major's participation in the country's hydrocarbons sector, which has been hit by years of declining natural gas production.
Bolivia to hold technical talks with Petrobras on production return, YPFB restructuring
Bolivia will launch technical talks next week with Brazil's state-run oil firm Petrobras on a possible return to exploration and production in the country, Energy Minister Marcelo Blanco said on July 9.
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