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Monday, 13 July 2026

77 briefs so farlast update 17:39 UTC

Key points

  • OPEC+ Group Adds 188,000 bpd for August, Splitting Bulk Between Saudi Arabia and Russia.
  • DOE Reports Four Advanced Reactors Reach Criticality Around July 4 Deadline.
  • Ukraine Strikes Three Russian Refineries, Including Omsk, the Country's Largest.
  • Oil Slides to Five-Month Low After Record Saudi Price Cut.
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Markets

Dangote Plans Ports, Power, and Roads Investment in Tanzania

Aliko Dangote plans to make a major investment in ports, power, and roads in Tanzania, according to Semafor Net Zero. The Nigerian billionaire held talks with Tanzania's president last week, and formal talks to finalize a deal are to be held soon, Semafor reported.

Both parties agreed on sectors that can "deliver significant value," according to Semafor.

The move fits a broader regional push. Dangote has announced plans to set up a second oil plant in Kenya to serve the East Africa region and invited Tanzania to participate in the investment, Semafor reported.

His existing oil refinery in Nigeria is the largest in Africa, and a project to double its capacity to 1.4 million barrels per day is now underway, according to Semafor.

Source: semafor.com (opens in a new tab)1 sourcePermalink

Markets

Superior Energy Services to Acquire Permian Producer Sonic Holdings

Superior Energy Services has signed a definitive agreement to acquire Sonic Holdings, LLC, a provider of proprietary electric feed through technologies, production equipment, drilling wellheads and associated aftermarket services, according to a GlobeNewswire release.

Sonic was founded in 2017 and has built a position in the Permian Basin through its technology portfolio and direct-to-operator business model, according to the release. Superior plans to fold Sonic into its Wellsite Solutions segment, extending its products and services across all phases of the well lifecycle.

Dave Lesar, Chairman and Chief Executive Officer of Superior Energy Services, described the deal as the company's initial expansion into a production-driven product line, adding that it grows Superior's exposure to the less cyclical side of the oil and gas business.

The transaction is expected to close in the third quarter of 2026, according to the release.

Superior engaged J.P. Morgan Securities LLC as financial advisor and Baker Botts L.L.P. as legal counsel, according to the release. TPH & Co., the energy business of Perella Weinberg Partners, advised Sonic on the financial side, while Winston Taylor LLP acted as Sonic's legal counsel.

Superior operates in over 55 countries internationally, in addition to onshore and offshore operations in North America, according to the release.

Source: globenewswire.com (opens in a new tab)1 sourcePermalink

Markets

JERA Nex bp Buys Out Sumitomo in Two Belgian Wind Farms

JERA Nex bp has closed a deal for Sumitomo's holdings in two Belgian offshore wind sites that together run to 384 MW, according to Rigzone. The buyer is the 50:50 offshore wind venture formed by JERA and BP.

The purchase raises the venture's stake in Northwester 2 to 100 percent and in Nobelwind to 80.1 percent, Rigzone reported. It picked up 30 percent of Northwester 2 and 39.02 percent of Nobelwind from Sumitomo.

Northwester 2, which came online in 2020, produces up to 219 MW, according to Rigzone. Nobelwind, built in 2017 as the second phase of the Belwind farm, carries a capacity of 165 MW.

Zlati Christov, chief investment officer at JERA Nex bp, said the deal increases the venture's stake in assets it already runs and that it will keep delivering renewable output from the projects, according to Rigzone.

BP and JERA set up JERA Nex bp in 2024 with roughly one GW of net installed capacity, a development pipeline of 7.5 GW and secured leases totaling 4.5 GW, Rigzone reported.

Source: rigzone.com (opens in a new tab)1 sourcePermalink

A row of large white offshore wind turbines in gray North Sea waters under an overcast sky.
Photo: Suzy Hazelwood / Pexels (opens in a new tab)

Markets

Worley Wins Place Among 11 Contractors on Aramco Five-Year Consultancy Program

Aramco has named Worley among 11 contractors on a five-year project management consultancy agreement, World Oil reported, tying the firm to engineering and project delivery work under the Saudi producer's capital investment program.

The framework covers Aramco projects in Saudi Arabia spanning energy, chemicals and resources, and reaches infrastructure that serves domestic and international markets, according to World Oil.

Worley plans to run the work mainly out of its Saudi Arabia and United Kingdom offices, drawing extra capacity from its Global Integrated Delivery network, World Oil reported.

Under the terms, Worley will apply digital and automation tools, among them artificial intelligence, digital twins and robotics, to lift engineering delivery while satisfying Aramco's engineering and cybersecurity requirements.

Worley chief executive Chris Ashton said the deal extends a relationship with Aramco spanning more than 50 years.

Source: worldoil.com (opens in a new tab)1 sourcePermalink