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GUPCO raises Egypt’s North Safa field production with new Gulf of Suez well
Egyptian Gulf of Suez Petroleum Company (GUPCO) is preparing to bring a new well online in the coming days, injecting an additional 2,500 barrels per day (bpd) into its production scale
Brazil to unwind diesel subsidy more gradually than petrol benefit, minister says
Brazil's government will take longer to remove its diesel subsidy than the one applied to petrol, given the need to avoid sudden price increases or supply shortages even as global oil prices have fallen.
Brazilian firms unveil $1.5bn plan for 2,000-truck LNG heavy transport fleet
Nimofast, Edge and Green Cargo are coordinating a BRL8bn ($1.5bn) project to deploy 2,000 liquefied natural gas (LNG) powered trucks, targetting the country's largest long-distance road transport network running on the fuel.
Brazil antitrust body clears Petrobras' entry into Campos Basin gas block from Equinor
Brazil's antitrust regulator Cade has approved without restrictions the acquisition by state-owned oil company Petrobras of a 50% stake in the Itaimbezinho exploration block from Norway's Equinor.
MODEC's Brazil-bound FPSO hull departs Japan for integration in China
MODEC said that the forward hull section of a FPSO vessel destined for a Shell-operated field offshore Brazil had left Japan and was en route to China for integration with the vessel's aft hull section.
South Africa can learn from Angola’s upstream sector revival, says AEC
South Africa has laid much of the legal and institutional groundwork needed to develop its oil and gas sector, but the real challenge is turning those reforms into sustained investment.
Nigeria to spend $261.6mn on electricity subsidies in first quarter of 2026
Nigeria will spend NGN358.32bn ($261.6mn) on electricity subsidies in the first quarter of 2026 after keeping consumer tariffs at July 2024 levels
Nigeria deploys 23 solar mini-grids to strengthen food security
Nigeria's Rural Electrification Agency (REA) says 23 newly deployed solar-powered mini-grids are helping improve food security by providing reliable electricity to underserved rural communities and agricultural clusters
Hungarian government unveils major wind power expansion plan after decade-long pause
The Tisza-government has introduced new regulations aimed at accelerating wind power development by easing long-standing restrictions on new projects financed from the EU's RRF scheme.
Canada pledges to accelerate four LNG projects
Canada and the provincial government of British Columbia inked a cooperation agreement to speed up development of four large LNG projects.
UAE’s XRG buys stake in Trains 4 and 5 of Rio Grande LNG
XRG, a wholly-owned subsidiary of the Abu Dhabi National Oil Company (ADNOC), has acquired an interest in Trains 4 and 5 of the Rio Grande LNG plant owned by NextDecade
Glenfarne issues Limited Notice to Proceed to Kiewit for Texas LNG
US LNG developer Glenfarne Group has granted Limited Notice to Proceed to American contractor Kiewit for its Texas LNG export terminal located at the port of Brownsville.
Pakistan raises LNG prices by up to 16%
Pakistan has increased the notified prices of liquefied natural gas (LNG) by up to 16.17%, raising the cost of gas supplied through the country's two state-run distribution networks.
NTPC Renewable signs PPA with PTC India for 1,200-MW solar power supply
NTPC Renewable Energy Limited (NREL), a wholly owned subsidiary of NTPC Green Energy Limited (NSE: NGEL), has signed a Power Purchase Agreement (PPA) with PTC India Limited (NSE: PTC) for the supply of 1,200MW of solar power.
Tata Power Renewable commissions 100-MW wind project in India's Maharashtra
Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has commissioned its 100.8-MW Jewali wind project in Maharashtra’s Dharashiv district.
Typhoon Bavi threatens northern Philippine coastlines
A temporary pause in seasonal rain patterns is occurring as a tropical storm, known globally as Bavi, approaches the Philippines, according to the national weather bureau.
B2Gold injects $14mn into Philippine gold venture
Canada-based B2Gold Corp plans to invest $14mn in its Philippine operations to expand a solar power facility and fund geological exploration at the Masbate Gold Project, the Presidential Communications Office (PCO) announced.
OPEC+ members stick together with latest output raise
OPEC+’s seven core producers have agreed a modest easing of voluntary supply curbs from August, signalling a cautious, coordinated shift in strategy rather than a wholesale change of direction.
Samsung expands renewable energy with Vietnam rooftop solar project
Samsung Electronics has launched a nearly 28-megawatt rooftop solar power system at its Samsung Electronics HCMC CE Complex in Ho Chi Minh City's High-Tech Park, marking a step forward in its renewable energy ambitions in Vietnam.
Thai oil focuses on refining amid energy transition challenges
Thai Oil PCL is banking on its core refining business and long-term energy strategy as investors weigh the company's future prospects amid an evolving regional energy market.
Thailand attracts $4.1bn in EV investments
Thailand has secured more than $4.1bn in investment commitments for its electric vehicle industry, reinforcing its position as Southeast Asia's leading automotive manufacturing centre.
Iraq’s US‑led energy realignment shapes production, exports and power
Iraq is deepening ties with US energy firms to reshape crude output, export routes and electricity supply, concentrating influence over future incremental barrels and grid resilience
Istanbul-listed Aksa Enerji secures $124mn 12-year loan for wind project via BBVA and Sinosure
Russian motorists switch vehicles to LPG amid gasoline shortage
Demand for LPG conversion equipment rose by 35% compared with March-April, Reuters reported on July 2, citing the National Gas Motor Association.
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