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Serbia’s NIS seeks new US waiver to continue operations
Serbia’s oil company NIS has applied for a new special licence from the US Treasury’s Office of Foreign Assets Control (OFAC) to allow it to continue operating beyond June 16, when its current waiver expires.
Kyrgyzstan’s energy minister of four years fired
Kyrgyzstan’s President Sadyr Japarov has dismissed Energy Minister Taalaibek Ibrayev.
Hormuz disruptions push Iraq and UAE to prioritise alternative export routes
Iraq and the UAE are accelerating plans to expand alternative oil export corridors amid ongoing disruptions to the Strait of Hormuz, which threatens one of the world's most critical energy chokepoints.
Iran eyes 1bcm gas savings through ESCO scheme to partially offset war damage
Iran hopes to save around 1bn cubic metres of natural gas during the current Persian calendar year (March 21-March 20, 2027) through a major energy-saving programme involving private-sector efficiency firms, a senior official said.
Colombia EV sales surge as Tesla, BYD gain ground in market shift
Electric vehicle registrations in Colombia jumped 252% from a year earlier to 5,001 units in May, accounting for 17.8% of all new vehicle registrations, according to data released by industry groups Fenalco and Andi
US fuel shipment to Cuba could be largest since 1960 trade rupture
A Florida-based energy trader is preparing what could become the largest shipment of US fuel to Cuba since Washington severed most commercial energy ties with the island in 1960, as Havana struggles with a worsening energy crisis
Mexican aid ship arrives in Cuba as fuel crunch deepens
Humanitarian aid from Mexico arrived in Cuba on June 7 aboard the cargo vessel Asian Katra, marking the sixth such shipment since February as the Caribbean nation grapples with a worsening economic and energy crisis following tighter US restrictions
Libya's NOC signs unified operating agreement for Murzuq Basin oil field
Libya's state-run energy utility, the National Oil Corporation (NOC), has signed a unified operating agreement for the I/R field within the concession areas NC 115 and NC 186 in the Murzuq Basin
GEF supports Uzbekistan renewable energy investment facility set to unlock major private capital
Global environmental policymakers have approved $77.6mn in new financing for climate and biodiversity projects, including support for a renewable energy investment facility in Uzbekistan expected to unlock at least $1bn in private capital.
Acciona Energía doubles Chile battery storage footprint with new 1GWh Atacama Desert project
Spanish renewable energy company Acciona Energía is doubling its planned energy storage capacity in Chile after announcing a second 1GWh battery energy storage system (BESS).
Grenergy inaugurates Americas' largest battery plant in Chile
Spanish independent power producer Grenergy has inaugurated Elena, a 3.5GWh battery energy storage facility in Chile's Antofagasta region, which the company describes as the largest battery plant in the Americas.
Moldovan regular extends mandate of Russian-controlled Moldovagaz to supply gas to Transnistria
ANRE said the decision was taken to ensure uninterrupted gas supply and improve supply reliability in the region.
BP announces corporate overhaul under new CEO
The move comes after Meg O’Neill, former boss of Australia’s Woodside Energy, became the company’s new CEO at the start of April.
Ukraine's Naftogaz strikes first long-term LNG contract
The agreement comes as Ukraine seeks to bolster its energy security ahead of next winter.
Russia in talks to acquire Arc7 LNG carriers ahead of further sanctions
Negotiations are being conducted by Singapore-based Novatek Gas & Power Asia, a Novatek subsidiary, with representatives from Mitsui O.S.K. Lines and Hanwha Ocean.
US EIA predicts gaping deficit in oil supply for full year
Supply will fall 7mn bpd, and demand by only 1mn bpd.
Italy set to spend $67bn on imported energy in 2026
Italy’s energy import bill is expected to rise sharply this year because of higher oil prices linked to the Middle East conflict.
EU proposes further sanctions on Russian energy and banking sectors
The proposed 21st sanctions package would pause adjustments to the G7 oil price cap mechanism until January next year to avoid market disruption following tensions in the Middle East and the temporary closure of the Strait of Hormuz.
Creditors take control of Brazil’s Raízen as Mercuria acquires Argentina assets in $1.42bn deal
Creditors are set to take control of Brazilian energy and biofuels company Raízen after securing support from around 75% of lenders for a restructuring plan, while the company advances a major asset sale in Argentina to Mercuria Energy Group.
Guyana's oil fund has received $9.7bn since first deposits in 2020 as revenues accelerate
Brazil’s Petrobras acquires 50% stake in Equinor's Itaimbezinho block in Campos Basin
Petrobras has agreed to acquire a 50% interest in the Itaimbezinho exploration block in the offshore Campos Basin from Equinor.
QatarEnergy reports fourth oil discovery in prolific Orange Basin offshore Namibia
QatarEnergy has discovered oil in an offshore field in Namibia following the successful drilling of the Merlin-1X exploration well in Petroleum Exploration Licence 39 (PEL 39).
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