Reprioritize Contracts After South Africa Wild Coast Permit Loss

Home Fossil Energy Shell loses five-year legal fight as South Africa’s court sets aside Wild Coast exploration permit August 14, 2026, by UK-headquartered energy giant Shell has hit a dead end in its plans for oil and gas exploration off South Africa’s Wild Coast, after the Constitutional Court overturned a Supreme Court of Appeal (SCA) order that had kept the project alive, delivering a major victory for environmental groups and local communities. Illustration; Source: Shell South Africa’s Constitutional Court

This content is available after accepting the cookies. The majority judgment, written by Kollapen J, found that the case raised important constitutional questions concerning meaningful public consultation, environmental and community rights, administrative justice, and the requirements for a “just and equitable” remedy when government decisions are found unlawful

Home Fossil Energy Shell loses five-year legal fight as South Africa’s court sets aside Wild Coast exploration permit August 14, 2026, by UK-headquartered energy giant Shell has hit a dead end in its plans for oil and gas exploration off South Africa’s Wild Coast, after the Constitutional Court overturned a Supreme Court of Appeal (SCA) order that had kept the project alive, delivering a major victory for environmental groups and local communities

Home Fossil Energy 73 years in the making: Petrobras’ oil field exceeds 4 billion barrels as Brazil’s pre-salt turns 20 August 14, 2026, by Brazil’s state-owned energy giant Petrobras has notched a new production milestone, with one of its oil fields surpassing 4 billion barrels of cumulative output as the pre-salt, now entering its third decade, cements its status as the company’s production powerhouse in Brazilian waters. FPSO P-67 operates on the Tupi field within the ultra-deep pre-salt layer of the Santos

When the field entered commercial production in 2010, it required the development of a new exploration model and technologies to operate in the pre-salt layer; thus, the operator had to overcome technological challenges in ultra-deep waters, which positioned it as a benchmark in global oil and gas production, including in terms of lower carbon intensity

The pre-salt layer is currently Petrobras’ main source of production

Home Subsea Investment approval request submitted for Cyprus-Israel interconnector, project viable in all scenarios August 14, 2026, by Greece’s transmission system operator (TSO) Independent Power Transmission Operator (IPTO), as the project promoter of the Great Sea Interconnector (GSI) that will connect Cyprus and Israel, has submitted an investment approval request to the regulatory authorities of both countries. Source: IPTO This is the necessary next step under the European framework toward project implem

The submission of the investment request is a prerequisite for launching the evaluation process by the competent regulatory authorities of Cyprus and Israel, leading to a joint decision regarding the cost allocation between the two, which will be recovered through the project’s regulated revenues

Source: IPTO This is the necessary next step under the European framework toward project implementation, following the completion of the required cost-benefit analysis (CBA) studies and the proposal for the cross-border cost allocation (CBCA)

Home Fossil Energy MOL puts bow on six-vessel newbuilding program with final LNG carrier delivery August 13, 2026, by Japan’s shipping giant Mitsui O

Greenergy Cloud LNG carrier; Source: MOL Greenergy Cloud, as the sixth LNG carrier in the CNOOC series, was named on June 17, 2026, bringing the construction program to a close. The vessel is one of six LNG carriers covered by a long-term charter agreement that MOL signed with CNOOC Gas & Power Singapore Trading & Marketing in January 2022

As the first vessel, Greenergy Ocean, was delivered in 2024, the completion of the program caps more than four years of work since the signing of the original charter agreement, strengthening MOL’s long-term LNG shipping relationship with CNOOC and expanding its portfolio of large LNG carriers