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Over 30 Russian regions restrict fuel sales amid ongoing Ukrainian drone siege
Ukraine has brought the war to Russia’s fuel supply, intensifying almost daily drone attacks on the country’s refineries over the past two months.
Ukraine enters Europe’s top five BESS markets as energy storage boom accelerates
Ukraine has entered the top five largest battery energy storage system (BESS) markets in Europe for the first time, commissioning nearly 3 gigawatt-hours (GWh) of new capacity over the past year.
Lukoil's refinery in Nizhny Novgorod shuts down after reported drone strike
The Kstovo refinery, one of Russia’s largest oil-processing plants, suspended operations on June 24 after a Ukrainian drone attack damaged a key unit.
Bolivia's fuel suppliers Vitol, Trafigura owed nearly $500mn, minister admits
Bolivia owes close to $500mn to fuel suppliers Vitol and Trafigura, hydrocarbons and energy minister Marcelo Blanco acknowledged in an interview with Radio Fides on June 24.
Seneca, Evolution partner on electric fracturing in Appalachian Basin
Seneca Resources, the exploration and production unit of National Fuel Gas, is partnering with Evolution Well Services to deploy electric fracturing technology across its operations in the US’ Appalachian Basin.
South Africa's Naos-1 selects China's Envision Energy BESS for 660MWh hybrid power project
Chinese renewable technology company Envision Energy will supply a 660MWh battery energy storage system for South Africa's Naos-1 hybrid renewable energy project, supporting one of the country's largest privately contracted clean power developments.
Tower Resources secures Namibian approval for PEL96 farm-out deal
Tower Resources (AIM: TRP) has received formal approval from Namibia’s government for the farm-out of its offshore PEL96 licence to Prime Global Energies, clearing the final outstanding condition required for completion of the transaction.
Midstream players pursue Permian oil, gas pipeline capacity increases
Midstream companies are in the process of building or planning for more capacity in the Permian Basin, especially for natural gas.
IFC invests in WeLight to scale African mini-grids under Mission 300 initiative
WeLight has secured €27mn ($31mn), including an IFC investment, to expand solar-powered mini-grids into Nigeria and the DRC while growing operations in Madagascar and Mali.
Brazil delays vote on higher ethanol blend in gasoline
Brazil has postponed a meeting of the National Energy Policy Council (CNPE) that was due to consider raising the mandatory share of anhydrous ethanol in gasoline from 30% to 32%, the Ministry of Mines and Energy said.
Iraq denies plans to leave OPEC as quota debate continues
Iraq’s Ministry of Oil has denied reports that the country is considering withdrawing from OPEC, confirming that such claims do not express the official position of the Iraqi government.
Nigeria unveils measures to boost LPG supply and curb cooking gas prices
Nigeria’s government has announced a package of measures aimed at increasing liquefied petroleum gas (LPG) supply and easing rising cooking gas prices following a sharp increase in costs across the country
Shipping through Strait of Hormuz increases, but Iran remains in control
The Strait of Hormuz has seen shipping increase by around 20% of its pre-war levels since the signing of a US-Iran memorandum on 17 June.
US temporarily lifts sanctions on Iran
The US has now temporarily lifted its sanctions on Iran as part of peace negotiations, allowing the country to produce, deliver, and sell its crude oil, petrochemical, and petroleum products.
Nigerian fuel prices remain high despite Iran talks
Nigerian fuel prices have remained unchanged despite a drop in global fuel prices, with consumers in the country becoming increasingly worried about the impact it will have on purchasing power and inflation.
Israel's Kedma Capital planning 900MW natural gas-fired power plant
Israeli private equity fund Kedma Capital is advancing plans to build a 900MW natural gas-fired power plant in the Nesharim Industrial Zone in Ramla.
Dangote denies claims of Nigeria fuel re-imports through Lomé
Dangote Petroleum Refinery has rejected claims that fuel exported from its facility is being re-imported into Nigeria through the offshore ship-to-ship trading hub in Lomé, Togo, describing the allegation as false and commercially illogical
Mongolia's risky fuel strategy gamble
Country’s dependence on Russian gasoline gives it short-term supply stability but leaves it structurally exposed.
Brazil eyes end to fuel subsidies as falling oil prices erode rationale for price intervention
Brazil's government is preparing to wind down its fuel subsidy programme as oil prices retreat toward $80 per barrel following the US-Iran peace agreement, with officials signalling the measures could be scrapped as early as this month.
Brazil companies rush into Venezuela as Eneva eyes gas power deals in reopening market
Brazilian energy company Eneva is exploring potential deals in Venezuela's gas-fired power sector while a delegation of around 30 Brazilian companies descended on Caracas earlier in June for meetings with senior Venezuelan officials.
Mozambique's Coral North FLNG advances, awards Japanese group MODEC mooring system contract
MODEC said it will work with the Technip Energies-JGC joint venture to support the integration and delivery of the project, which is being developed by Eni.
France intercepts suspected Russian shadow fleet oil tanker
France has intercepted a tanker linked to Russia’s so-called shadow fleet off the coast of Sicily, President Emmanuel Macron said on June 25, after the UK carried out a similar operation against another vessel earlier this month.
Russia hit by double whammy of forced crude exports as Ukraine drone strikes reduce refining throughput
Russia is exporting crude oil at its fastest pace this year as repeated Ukrainian drone strikes on domestic refineries leave Moscow increasingly unable to process its own production.
Korea’s Samchully broadens portfolio beyond core energy business
South Korea’s Samchully Group is expanding into energy, environmental services, lifestyle-related businesses and finance as it seeks to strengthen its long-term growth prospects.
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