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Bulgaria, Litasco edge toward settlement in Lukoil refinery dispute
The Bulgarian government and Litasco have taken initial steps toward an out-of-court settlement over a dispute linked to Lukoil’s Bulgarian operations.
PDVSA rig blast leaves one dead, 16 injured
Vietnam doubles rooftop solar export limit
Vietnam has doubled the amount of electricity self-consumption rooftop solar systems can feed into the national grid, in a move aimed at encouraging greater investment in renewable energy.
Thai farmers fear LNG plant will worsen water shortages
Farmers in eastern Thailand fear a planned liquefied natural gas (LNG) power plant will deepen water shortages and threaten their livelihoods.
Neste announces nine weeks of maintenance at Finland's Porvoo oil refinery
The Finnish refiner said fuel deliveries to customers would continue as normal during the shutdown, with supply secured by preparing products in storage ahead of the work
Malawi's Escom launches $6.3mn power grid upgrade project
Malawi's Electricity Supply Corporation of Malawi (Escom) has launched a $6.3mn project to replace ageing wooden transmission poles with prestressed concrete structures, as the utility seeks to improve grid reliability and reduce power outages.
Equinor gets greenlight for Norwegian North Sea wildcat well
The Norwegian Offshore Directorate has granted Equinor a drilling permit for a wildcat well in the North Sea.
London-listed Sunda mulls options for gas-targeting well off Timor-Leste
Sunda Energy is evaluating options for the planned Chuditch-2 appraisal well offshore Timor-Leste after holding talks with the country’s upstream regulator and its state-owned joint venture partner.
UK oil and gas industry makes renewed call for energy policy change
OEUK CEO David Whitehouse wrote to all 403 Labour MPs on June 29, arguing that the UK had suffered 50 years of industrial erosion, growing reliance on imported energy and the offshoring of its carbon emissions.
TotalEnergies, Petronas kick off $100-200m oil and gas exploration campaign in Papua New Guinea
France’s TotalEnergies and Malaysia’s Petronas have started a $100-200mn offshore oil and gas exploration campaign in Papua New Guinea, marking the country’s first ultra-deepwater exploration well.
Norwegian producers Equinor and Var Energi agree oil and gas asset swap
Norwegian oil producers Equinor and Vår Energi have agreed an asset swap on the Norwegian Continental Shelf aimed at accelerating development of the Peon gas discovery and strengthening Equinor’s position in the Troll-Fram area.
QatarEnergy, ExxonMobil, Cyprus strike deal to exploit gas discovery off Cypriot coast
QatarEnergy, ExxonMobil and Cyprus have signed a commercial discovery declaration for the Glaucus and Pegasus gas fields in Block 10 offshore Cyprus, advancing plans to exploit the country’s offshore gas resources.
Energy statistics show we remain an overwhelmingly fossil fuel-based world
Renewables are growing fast, but oil and gas by far still dominate the global energy system.
Shell predicts 65% surge in LNG demand by 2050
Global LNG trade reached 422mn tonnes in 2025 and had been expected to rise significantly this year.
Nigerian oil marketer Conoil profit falls 75% in 2025 amid soaring borrowing costs
Conoil's 2025 net profit fell 75% as finance costs nearly tripled amid Nigeria's high interest rates, overshadowing resilient revenue and continued investment.
Russia arms an LNG tanker
Russia appears to have armed a civilian LNG vessel operating in the Baltic Sea, in a sign of Moscow’s increasingly assertive efforts to protect its oil and gas tanker fleet against the risk of interceptions.
Europe braces for Super El Niño as scientists warn extreme weather could intensify
Europe is enduring its most intense early summer heatwave on record, with temperatures exceeding 40°C in several countries and breaking local June records across southern and western Europe. Next up is a super El Nino that is appearning now.
Iraq seeks new Kirkuk-Ceyhan deal as it advances Syria oil route
Iraq has dispatched a high-level ministerial delegation to Ankara to negotiate an extension of the agreement governing the Iraq–Turkey oil pipeline, while pursuing parallel discussions with Syria on reopening alternative export routes.
Shell reportedly nears $1bn sale of South Africa fuel stations to Adnoc Distribution
The deal would give UAE-based Adnoc Distribution control of about 600 service stations, representing around 10% of South Africa's retail fuel market.
Argentina's energy inflows ease pressure on agriculture as profit remittances rise
Argentina’s energy and mining sectors are playing an increasingly important role in generating foreign currency inflows, reducing the economy’s dependence on agricultural exports.
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