Iran’s Revolutionary Guards said they targeted infrastructure belonging to US company Amazon in Bahrain, according to a statement published by state media on Tuesday.

The army said it launched a wave of drone strikes at the base, which it claimed was being used as a launchpad for attacks against Tehran.

Iranian President Masoud Pezeshkian said Monday that his country was in a ‘full-scale war’ with the US, as Donald Trump unleashed a tenth successive night of strikes against Iran. The escalation has pushed oil prices higher in recent weeks.. Related News

In four days, four tankers meant to transport crude oil produced in Kazakhstan were attacked by drones while loading at the Caspian Pipeline Consortium (CPC) marine terminal in the Black Sea.

The foreign and energy ministries of Kazakhstan condemned the attacks, stating that they undermined global energy security and the economic interests of CPC member countries. . Related News

The UK government has quietly revealed when plug-in solar panels will become legal to buy in the country — and the magic date is August 27.

The date (spotted by Engadget) is hidden away in these amended ‘Plugs and Sockets’ regulations for the UK. These are “coming into force” from August 27 and effectively legalise plug-in solar panels, which currently exist in a legal grey area.. Related News

Incoming UK Prime Minister to support renewed North Sea oil and gas drilling according to various news reports. It is expected that he would fast-track approvals for existing or licensed North Sea oil and gas projects, including subsea tiebacks, to help boost domestic energy production and support offshore investment.Multiple reports from major outlets, including the BBC and Bloomberg, confirm that Burnham’s team has directed civil servants to prepare announcements on energy policy, potentially as soon as next week. These measures aim to boost domestic production, enhance energy security, and support jobs in regions like Aberdeen, amid pressures from industry, unions, and shifting global conditions. Related News

More than seven out of ten people think the UK should produce oil and gas in its own waters rather than rely on imports from abroad, according to independent polling published today.

The survey from Opinium found that 71% of people backed domestic production of oil and gas compared to just 8% who thought it did not matter where oil and gas comes from.

There was also strong support for the government to scrap its current ban on new North Sea exploration. Over twice as many people (49% to 24%) thought the UK should follow Norway’s Labour government in allowing new licences for exploration rather than continuing the current ban.

Labour voters also rejected the centrepiece of the UK government’s energy policy, with 42% saying Britain should follow Norway in allowing new licences compared with 35% of those who voted Labour at the 2024 general election, who said the UK should continue the ban on exploration. . Related News

Saab and Embraer strengthen partnership with agreement to expand Gripen production capacity
The Heads of Agreement (HoA) provides a framework for the potential production of 20 additional Gripen aircraft in partnership with Embraer, with both companies intending to conclude the corresponding agreement in 2026.

Saab and Embraer today announced the signing of a Heads of Agreement (HoA) that provides a framework for the potential production of 20 additional Gripen aircraft at Embraer’s industrial complex in Gavião Peixoto, the state of São Paulo, Brazil. Embraer will take responsibility for assembling the aircraft, serving as a complement to Saab’s final assembly line located in Linköping, Sweden, to meet global demand for the Swedish fighter.

The agreement marks another milestone in the decade-long partnership between the two companies, increasing delivery capacity within a globally integrated manufacturing model while providing greater flexibility to meet future customer requirements. Related News

Dana Incorporated announced today that its board of directors has declared a dividend on its common stock. The board declared a quarterly dividend of $0.12 per share, payable August 28, 2026, to holders of Dana common stock as of August 7. .. Related News

Japan Petroleum Exploration (JAPEX) updated its management plan to reflect the growing importance of energy security in the current geopolitical landscape.

While decarbonisation technologies such as CCUS will continue to be developed, a more realistic transition strategy focused on gas production was deemed necessary by the firm.

“Globally, a realistic transition is now regarded as using a combination of different primary energy sources, including fossil fuel with CCUS, synthetic fuels, renewables and nuclear power,” said Dr Tomomi Yamada, president of JAPEX’s Overseas Business Division. By committing to a ¥1.5t ($10b) growth blueprint, the firm is positioning itself for the future by quadrupling its daily production from 45,000 to 180,000boe/d by 2035, while aiming for a 12% return on equity. To achieve this fourfold production increase, JAPEX has concentrated its capital on three geopolitically independent, high-yield regions besides Japan: the US, Norway and Southeast Asia. Related News

Future Energy Networks (FEN) welcomes new Energy Secretary, Miatta Fahnbulleh MP
Following the appointment of Miatta Fahnbulleh as Secretary of State for Energy Security and Net Zero, Future Energy Networks CEO, James Earl, said: “FEN and its members warmly welcome Miatta Fahnbulleh as the new Secretary of State for Energy Security and Net Zero, and congratulate her on this appointment.

“The UK’s gas networks remain critical to the successful transition to a low-carbon energy system while delivering flexibility, security and resilience. With targeted government support, our world-class gas network can play an even greater role in the energy transition as part of a whole systems approach.

“Our industry looks forward to working constructively with the new Secretary of State to help deliver practical solutions to the energy challenges facing the country. We wish her every success in this immensely important role.” Related News

Reference is made to the stock exchange announcement published by BW Energy on 29 June 2026 regarding the exercise of options under the Company’s Long Term Incentive Program (LTIP) and the resolution by the Board of Directors to issue up to 175,000 new shares in the Company to settle the options exercised under the LTIP.

64,094 shares of the total 175,000 new shares have now been validly issued and fully paid. The remaining 110,906 shares are expected to be issued at a later date.
Following this issuance, BW Energy has a total of 5,855,505 outstanding options and 258,333,418 validly issued and fully paid shares. Related News

CME Group announced plans to launch Sorghum basis futures. Trading is expected to start on August 24, 2026, pending regulatory review. Sorghum is a versatile commodity uniquely positioned to meet global demand from the domestic feed industry, the international export market and, more recently, biofuels.

The new basis contract reflects the price difference between sorghum and corn, two types of grain used in animal feed as well as ethanol feedstock. Sorghum’s premium over corn usually signals international demand driving values higher. A deep discount compels domestic buyers to shift feed rations toward cheaper sorghum.
“While sorghum prices tend to track corn closely over extended macroeconomic cycles, geopolitical events and regional supply shifts can disrupt that relationship,” said John Ricci, Managing Director and Global Head of Agricultural Products, CME Group. “In recent years, the sorghum-to-corn cash spread has experienced considerable volatility, swinging from sharp premiums to steep discounts. The Sorghum futures contract will provide market participants a precise instrument to hedge that basis risk.”

The contracts will be physically delivered, with grain being loaded out by truck or rail from a network of elevators in Kansas, the nation’s largest sorghum-producing state, by using the established Kansas City Hard Red Winter Wheat delivery network. CME Group achieved record quarterly volume of 2.1 million contracts for Agricultural products in Q2 2026. Corn futures and options reached record open interest of 4.1 million contracts in Q2 2026, with the second highest quarterly volumes on record at 695,000 contracts traded. . Related News

HIRE360, an Illinois-based workforce development nonprofit, in partnership with Pivot Energy, a national renewable energy independent producer, recently celebrated the graduation of Pivot Program Cohort 1, a workforce development initiative that helps people prepare for construction careers on clean energy projects. Pivot donated $180,000 for this training program and partnered with HIRE360 to co-design a 240-hour Solar Workforce Bootcamp Training Program in Chicago for 10 participants, which concluded July 9.

HIRE360 has a strong track record of connecting individuals from underrepresented communities to careers in the union construction and clean energy trades through workforce training, pre-apprenticeship programs, and employer partnerships.

The program combined a 160-hour comprehensive pre-apprenticeship curriculum approved by North America’s Building Trades Unions (NABTU) with an 80-hour PV Associate Boot Camp developed and delivered by the Midwest Renewable Energy Association (MREA), a NABCEP Registered PV Associate training provider. Pivot Energy and HIRE360 plan to continue this workforce training partnership into 2027, with another 10-person cohort planned.

The graduation ceremony, held at the HIRE360 Training Center on Chicago’s South Side, recognized the accomplishments of 10 graduates who completed the program and are pursuing careers in the skilled trades. Family members, community and corporate partners, and industry leaders gathered to honor the graduates and celebrate the partnership that made the program possible. Related News

The American Red Cross of Illinois recognizes Pivot Energy, a national renewable energy independent power producer, headquartered in Denver, Colo, for its $8,000 donation help fund relief and recovery efforts for Illinois residents that were impacted by the Kankakee and Aroma Park Tornadoes, which occurred March 10, 2026.

Donations to Red Cross Disaster Relief are used to prepare for, respond to and help people recover from disasters big and small. This includes providing food, shelter, relief supplies, emotional support, health services, spiritual care and financial assistance, as well as supporting the vehicles, warehouses, and people who make that help possible.

For nine seemingly uninterrupted minutes, an EF3 tornado unleashed 150 mile-per-hour winds, carving a half-mile-wide path of destruction through the community. In those moments, entire neighborhoods were torn apart. Towering trees were uprooted or snapped like twigs, while others were stripped bare, leaving behind a jagged skyline where vibrant green spaces once stood. Related News

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OilandGasPress Energy Newsbites and Analysis Roundup |Compiled by: OGP Staff, Submit your Releases or contact us now!, victor@oilandgaspress.com

OilandGasPress.com is a website that provides news, updates, and information related to the oil and gas industry. It covers a wide range of topics, including exploration, production, refining, transportation, distribution, and automotive market trends within the global energy sector. Visitors to the site can find articles, press releases, reports, and other resources relevant to professionals and enthusiasts interested in the energy, oil and gas industry.

Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases

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The AAGP is a transformative regional infrastructure project designed to unlock West Africa’s vast natural gas resources, connect them to major demand centres, integrate African energy markets, and establish a strategic development corridor linking West Africa, the Sahel, Morocco, and Europe.

Designed to deliver 30 billion cubic metres of gas per year, the project has sovereign backing from Nigeria, Morocco, ECOWAS member countries, and Mauritania, and spans nearly 6,900 kilometres along the West African Atlantic coast.

Jointly led by NNPC Ltd and Morocco’s Office National des Hydrocarbures et des Mines (ONHYM), the project is intended to strengthen energy access, drive industrialisation, and deepen regional integration across the continent.

The latest signing by the ECOWAS member states gives practical effect to the approval granted at the 66th Ordinary Session of the ECOWAS Summit in Abuja in December 2024. It also concludes the institutional process coordinated by ECOWAS following the 2022 Memorandum of Understanding between Nigeria and Morocco and reaffirms the strong commitment of the participating States to the project.

A subsequent ceremony will complete the intergovernmental framework with signatures by the Kingdom of Morocco and the Islamic Republic of Mauritania.

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John Cleworth has more than twenty years of experience in the automotive industry, gained within Renault Group. A graduate of ESSEC Business School, he has held senior leadership positions across product management, marketing, sales, and revenue management.

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Umm Shaif is Abu Dhabi’s oldest offshore field, producing since 1962. The project will unlock by 2030 more than 600 million cubic feet per day of gas production while maximizing condensate recovery, through the development of the gas cap resources located above the field’s oil reservoirs. By leveraging synergies with existing offshore facilities and clean power from the UAE grid, Umm Shaif Gas Cap is designed to minimize costs and limit emissions. Furthermore, the project has the potential to increase gas production to up to 1.5 billion cubic feet per day in the future, further supporting the UAE’s long-term gas growth strategy.

Building on the successful award of the Umm Shaif and Nasr concession in 2018 for a 40-year term, this development further illustrates TotalEnergies’ contribution as Asset Lead, alongside ADNOC and its partners, to unlocking additional value from the existing concession while advancing Abu Dhabi’s gas resources and strengthening the UAE’s integrated gas value chain.

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The partnership, to be signed as part of the official visit of Iraqi Prime Minister Ali Al-Zaidi to Washington DC, brings together complementary capabilities and expertise, while reflecting bp’s disciplined approach to capital allocation.

The Development and Production Contract covers an initial phase of oil and gas production of more than 3 billion barrels of oil equivalent from the Baba and Avanah domes of the Kirkuk oil field and the adjacent Bai Hassan, Jambur and Khabbaz fields in Federal Iraq, all currently operated by the Northern Oil Company (NOC). The contract area also includes additional exploration potential.

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This transaction supports bp’s plan to become a simpler, stronger and more valuable company, and reflects its continued focus on disciplined capital allocation.

Richard Harding, interim EVP Downstream at bp, said: “By concentrating our capital on the assets and markets where bp can be most competitive and best serve customers, we are strengthening our balance sheet and creating a stronger downstream portfolio.”

Melanie Milchram-Pinter, head of country Austria at bp, added: “bp has built a strong mobility and convenience business in Austria over many decades and we believe volenergy AG is well placed to take it forward. Our priority now is to support our people, keep serving customers safely and reliably, and manage the transition well.”

The deal includes 250 bp branded retail sites, of which around 115 are company owned and franchise operated, as well as electric vehicle charging infrastructure and the associated fleet business. Retail sites in Austria will continue to operate under the bp brand through a brand license agreement following completion which is expected at the end of 2026, subject to regulatory approvals.

The transaction will be carried out as a share sale, with bp selling 100% of its shares in bp Retail Austria GmbH, subject to regulatory approvals.

It includes the associated Austrian fleet business and bp’s shares in three non-operated joint ventures (NOJVs): Erdöl-Lagergesellschaft m.b.H., Autobahn – Betriebe Gesellschaft m.b.H., TLM Tanklager Management GmbH, Linz

The terms of the sale are confidential.

Of the 250 bp branded retail sites included in the transaction, around 115 are company owned and franchise operated, meaning bp owns the site while a franchisee runs day-to-day operations. The remainder operate under other models, including dealer owned, dealer operated and unstaffed company owned sites.

The agreement follows the sales of bp’s mobility and convenience businesses in the Netherlands (2025), Türkiye (2024) and Switzerland (2022).

bp’s aviation business (Air bp) in Austria and Castrol are not part of the sales agreement.

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The transaction forms part of BP’s broader strategy to focus investment on markets and businesses where it believes it can generate stronger long-term returns.The sale covers 250 BP-branded retail locations across Austria, including around 115 company-owned and franchise-operated sites. It also includes the company’s electric vehicle charging network and its associated fleet business.

Although ownership will transfer to volenergy AG, the sites will continue operating under the BP brand through a licensing agreement once the transaction has been completed. . Related News

The agreement was signed during the 69th Ordinary Session of the Authority of Heads of State and Government of ECOWAS in Lungi, Sierra Leone.

The African Atlantic Gas Pipeline is a proposed 6,900-kilometre offshore and onshore pipeline designed to transport up to 30 billion cubic metres of natural gas yearly from Nigeria through 13 West African countries to Morocco. It has an onward connection to Europe.

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The boards of directors of both Vår Energi and BlueNord have approved the proposed transaction and consider it to be in the best interests of each company and their respective shareholders.

The transaction will be executed by Vår Energi establishing a new subsidiary which will be merged with BlueNord ASA. BlueNord shareholders will as a merger consideration, receive 248.4 million new Vår Energi shares and NOK 1,964 million (USD 204 million) in cash; equating to 9.7153 shares in Vår Energi and NOK 76.83 in cash as consideration for each share held in BlueNord.

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Iran’s Revolutionary Guards said on Tuesday they hit US military targets including air defence systems and a radar installation in Bahrain and Kuwait, state news agency IRNA reported. The US earlier said it had struck Iranian military command centres overnight. Related News

ADNOC is accelerating its integrated global gas growth strategy with a $6.2 billion (AED22.6 billion) final investment decision (FID) to develop the Umm Shaif Gas Cap in Abu Dhabi alongside its international partners TotalEnergies, Eni and China National Petroleum Corporation (CNPC).

The UAE holds the seventh-largest gas reserves in the world. As global demand for reliable, lower-carbon energy continues to grow, ADNOC is unlocking more of the nation’s gas resources and expanding its liquefied natural gas (LNG) portfolio to meet the needs of its domestic and international customers and power industrial and artificial intelligence (AI) infrastructure growth.

The FID for Umm Shaif Gas Cap is the latest milestone in the company’s gas growth strategy and will unlock more than 600 million standard cubic feet per day (scfd) of natural gas and associated gas liquids, equivalent to almost 10% of the UAE’s current daily gas consumption. The investment will reinforce the UAE’s energy security and its role as a reliable global energy supplier. Production from the development is expected by 2030.. Related News

Ukrainian drones struck seven Russian shadow fleet vessels, seven energy facilities in occupied Crimea, among other military targets, overnight on July 20, Unmanned Systems Forces Commander Robert “Madyar” Brovdi said. Three tankers and four dry cargo ships were hit in the Black and Azov seas as part of Operation “MoLoCHKa,” according to Brovdi. He did not identify the vessels or specify the extent of the damage.

The operation, whose acronym translates from Ukrainian as “Moscow will fall because of Crimea,” began on July 6 and aims to disrupt Russia’s shadow fleet and logistics.

Brovdi claimed that Ukrainian forces had struck 183 vessels between July 1 and 20, including 119 in the Azov Sea and 64 in the Black Sea.. Related News

UK energy industry leaders are calling on newly appointed UK Prime Minister Andy Burnham to overhaul North Sea oil and gas policy, arguing his new government has an opportunity to improve investment conditions while maintaining the country’s energy transition. Responding to the leadership change, Aberdeen & Grampian Chamber of Commerce (AGCC) urged the new government to prioritize policies that support continued North Sea investment.The business group also called for faster approvals for renewable energy projects, expanded electricity transmission infrastructure and greater support for emerging energy technologies, arguing the UK must balance its energy transition with continued investment in domestic oil and gas production. Related News

More Energy, Oil & Gas Stories !!! �News straight from the source �

OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Submit your Releases or contact us now!, victor@oilandgaspress.com

OilandGasPress.com is a website that provides news, updates, and information related to the oil and gas industry. It covers a wide range of topics, including exploration, production, refining, transportation, distribution, and automotive market trends within the global energy sector. Visitors to the site can find articles, press releases, reports, and other resources relevant to professionals and enthusiasts interested in the energy, oil and gas industry.

Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases

“Stay informed with Oilandgaspress.com—your independent source for global energy, oil, gas, EV, and automotive industry news and analysis.”

Follow us: on Twitter | Instagram

Your Daily Source for Oil, Gas, Renewables & EV Market Insights :

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