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Cameroon's Socadel mandates General Bank to raise $105mn for power network upgrade
Cameroon's state-owned utility Socadel has appointed General Bank of Cameroon to raise $105mn to finance electricity infrastructure upgrades as it begins restructuring after taking over Eneo.
Japan’s JERA creates LNG trading arm
Japan’s largest power producer JERA has established JERA Global Energy Solutions, which will manage the company’s LNG, upstream, lower-carbon fuels and shipping portfolio.
Mongolia awards first renewable energy auction contracts for solar and battery projects
Mongolia has concluded its first competitive auction in the renewable energy sector, awarding contracts for solar power plants and battery storage systems across five provinces, the government said on July 1.
Heirs Energies JV launches digital operations centre for Nigeria’s OML 17
Nigeria’s Heirs Energies OML 17 Joint Venture (JV) has launched an Integrated Operations Monitoring Centre (IOMC), a digital control centre developed with Redtech, the technology arm of Heirs Holdings.
Kovachki-linked trader buy ContourGlobal's coal assets in Bulgaria
Bulgarian electricity trader Nomad Energy Company, which is widely associated with businessman Hristo Kovachki, has reached a preliminary agreement to acquire the coal-fired assets of ContourGlobal's Maritsa East 3 power plant.
US extends sanctions waiver for Serbia's NIS until July 31
The United States has extended a sanctions waiver allowing Serbia's sole oil refiner NIS to continue operating until July 31, giving the company another month to secure a deal to remove Russian ownership that triggered US sanctions.
Italy’s Eni and UAE’s XRG acquire upstream assets of Argentina LNG
Italian energy firm and United Arab Emirates’ energy company XRG have acquired stakes in the upstream assets of Argentina LNG.
Zambia slashes fuel prices by 17% as Middle East crisis eases
Zambia has reduced the retail price of fuel by between 3% and 17%, citing an easing of oil costs on the global market and a strengthening local currency, the kwacha.
Turkey's Karpowership starts building new Sea Lion class powerships
Turkey's Karpowership has started building its new 300 MW Sea Lion class floating power plants in South Korea, with delivery due in 2028. Find out how the vessels expand the company's 8,000 MW global fleet and where they could deploy.
Iraq, Chevron sign confidentiality agreement for West Qurna 2 oilfield
Iraq's state-run Basra Oil Company signed a confidentiality agreement with US energy major Chevron to facilitate the exchange of technical information to evaluate the West Qurna 2 oilfield.
Turkey’s Dalaman becomes first airport terminal in world powered entirely by rooftop solar
TotalEnergies to commence new drilling offshore Suriname
TotalEnergies confirmed that it is expanding its exploration footprint offshore Suriname with a multi-well drilling campaign that could unlock additional discoveries alongside its $10.5bn Gran Morgu project.
Petronas confirms new gas discovery offshore Suriname
Petronas has found a new gas discovery at Suriname's offshore Block 52, marking the Malaysian national oil company's eighth successful exploration well in the acreage.
TotalEnergies begins training for Suriname's GranMorgu development
TotalEnergies is sending Surinamese engineers to train overseas producing assets in preparation for the upcoming GranMorgu development in 2028, Artur Nunes da Silva, General Manager of TotalEnergies Suriname confirmed.
Exxon-led LNG project could add $11bn a year to Mozambique economy, report says
A Conningarth Economists study estimates Mozambique's Exxon-led Rovuma LNG project could add $11bn annually to the economy and generate $4bn in tax revenue.
Ukraine's Naftogaz holds US LNG talks
Naftogaz said the meetings took place with representatives of the US Department of State, the Department of Energy, the US International Development Finance Corp. and the US EXIM Bank.
Italy's Edison says QatarEnergy has extended force majeure on LNG cargoes
The additional notice means QatarEnergy will be unable to deliver a further four LNG cargoes scheduled to arrive at Italy’s Adriatic LNG terminal by early September, Edison said.
Iran’s twin oilfields ramp up crude output 35% to record high
Crude oil production at Iran’s twin Sepehr and Jofeir oilfields has surged by more than 35% to its highest level since production began, driven by new wells and expanded processing capacity, the head of the development project said.
China remains sole buyer of Iranian crude, US Treasury says
US Treasury Secretary Scott Bessent said that China was the only buyer of Iranian crude oil, with other countries holding back because of concerns that Washington could reimpose sanctions.
US imports of Iraqi oil fall to 4.029mn barrels in April 2026
US imports of crude oil and petroleum products from Iraq fell sharply in April 2026, declining to 4.029mn barrels from 7.943mn barrels in March.
Panama pulls the plug on regional power exports as El Niño drains reservoirs
Panama cuts 200MW of power exports to Central America as El Niño drains major hydro reservoirs, leaving neighbors exposed to soaring energy prices that could double or triple.
Russia considers further lowing fuel quality standards to reduce shortages
The government could allow the production and circulation of Euro-2, Euro-3 and Euro-4 gasoline and diesel until July 2027.
SBM Offshore locks in $465mn financing for Mexico's Trion FSO
Deepwater financial engineering: SBM Offshore locks in a unique $465mn hybrid package for Mexico's Trion field, blending commercial debt, institutional capital, and Chinese export credit insurance to slice sovereign risk thin.
TCHAKAROV: New shade of success? Think Uzbek green!
The government's objective of lifting clean energy to more than half of installed capacity by 2030 looks increasingly realistic.
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