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TANZANIA: PURA BOARD OF DIRECTORS VISITS SONGO SONGO, HIGHLIGHTS CSR PROJECT IMPLEMENTATION.
The PURA Board of Directors visited Songo Songo to assess natural gas infrastructure and CSR project implementation by energy companies. They expressed satisfaction with improved community projects and emphasized the importance of continued oversight in the gas sector.
- 1 week, 5 days
OIL PRICES RISE ON STRONG DEMAND OUTLOOK, WEAKER US DOLLAR.
Oil prices rose due to strong U.S. demand and a weaker dollar, with Brent crude reaching $71.12 per barrel and WTI at $67.58. While geopolitical tensions and economic uncertainties may cause volatility, analysts expect a gradual upward trend in oil prices.
- 1 week, 5 days
AFRICA’S OIL AND GAS INVESTMENT TO HIT $43 BILLION IN 2025.
Africa’s oil and gas sector is set to attract $43 billion in investments in 2025, with projections reaching $54 billion by 2030, driven by major players in West and North Africa. While liquid hydrocarbons will continue to dominate, natural gas investments are steadily increasing, positioning Africa as a key player in the global energy market.
- 1 week, 5 days
THE MOST POWERFUL TIDAL TURBINES IN THE WORLD.
The world's most powerful tidal turbine project is nearing the start of its construction phase, thanks to financial backing from the European Union.
- 2 weeks
ISRAEL AWARDS NATURAL GAS EXPLORATION LICENCES TO BP, SOCAR AND NEWMED.
Israel has awarded exploration licenses to BP, Socar, and NewMed Energy to explore natural gas in Israeli waters, aiming to boost domestic reserves and expand exports. This partnership supports Israel's goal to position itself as a regional energy hub, with a focus on supplying gas to Europe and neighboring countries.
- 2 weeks
TANZANIA: NEXT ROUND OF OIL, GAS EXPLORATION BLOCKS LICENSING SET FOR MAY 2025.
Tanzania is set to launch a licensing round for oil and gas exploration blocks in May 2025, offering significant opportunities with 57 trillion cubic feet of natural gas reserves. This move aims to attract investment in oil, gas, and renewable energy while continuing efforts to develop its energy sector, including a $42 billion liquefied natural gas facility.
- 2 weeks
Africa Energy Insights (AEI) is an African platform with latest news, insights and investment report of Energy Sectors. We bridging the gap and mobilizes investment in Energy resources for Sustainable and reliable Energy supply.