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AFRICA’S OIL AND GAS LICENSING SURGE: UNLOCKING ENERGY POTENTIAL.
Africa is poised for a major wave of investment in its oil and gas sectors, driven by a series of licensing rounds scheduled for 2024 and 2025. These initiatives, detailed in the African Energy Chamber’s State of African Energy 2025 Outlook Report.
- 10 months, 2 weeks
OIL PRICES RISE AS MARKETS ANTICIPATE TRUMP’S RUSSIA STATEMENT AMID SUPPLY AND DEMAND UNCERTAINTIES.
Oil prices nudged upward on Monday, continuing last week’s gains as markets anticipated key geopolitical developments, especially a forthcoming statement from U.S. President Donald Trump regarding Russia. Traders are weighing the potential impact of fresh U.S. and EU sanctions on Russian oil exports, which could tighten global supplies just as summer demand surges. Meanwhile, Saudi Arabia’s unexpected increase in crude output has added uncertainty to the supply side, raising questions about OPEC+ unity and compliance. China’s strong import numbers signal resilient demand from Asia’s largest economy, but high storage levels may eventually push excess supply into Western markets, softening prices. In the background, global investors are also watching U.S. tariff talks that could influence broader economic momentum and energy consumption trends. This mix of political maneuvering, shifting production strategies, and demand signals from major economies is setting the stage for heightened volatility in oil markets.
- 10 months, 2 weeks
EWURA AND PAU INSPECT EACOP INFRASTRUCTURE IN IGUNGA AND NZEGA.
EWURA and PAU conducted a joint inspection of EACOP infrastructure in Igunga and Nzega, confirming that the project is progressing well and in line with international standards. They emphasized strict regulatory oversight to ensure environmental protection and national benefit.
- 10 months, 3 weeks
LOCAL PARTICIPATION IN OIL AND GAS SECTOR HITS 85%, PURA REPORTS.
Tanzania has reached 85% local participation in its oil and gas sector, driven by government policies, education investments, and strategic partnerships to empower local professionals. PURA says this shift marks a move toward a sustainable, inclusive energy industry where Tanzanians are central to developing the country’s natural gas resources.
- 10 months, 3 weeks
EACOP PIPELINE HITS 62% COMPLETION AS UGANDA SETS SIGHTS ON FIRST OIL BY END OF 2026.
The East African Crude Oil Pipeline (EACOP) has reached 62% completion, with Uganda on track to begin oil production by the end of 2026. Key infrastructure like Pump Station One and feeder pipelines are progressing steadily, driven largely by Ugandan engineers and technicians.
- 10 months, 3 weeks
EQUINOR’S NEW BARRENTS SEA GAS DISCOVERY BOOSTS NORWAY’S ENERGY STRATEGY AND EUROPEAN SUPPLY SECURITY.
Norway's Equinor has announced a significant natural gas discovery in the Skred prospect near the Johan Castberg field in the Barents Sea, marking another step in the country's efforts to bolster its energy exports amid Europe's ongoing energy diversification. According to the Norwegian Offshore Directorate, the estimated recoverable volumes range between 0.3 and 0.5 billion standard cubic meters of gas, equivalent to 1.9–3.1 million barrels of oil. As geopolitical pressures continue to reshape Europe's energy landscape especially following the continent’s pivot away from Russian energy this new find adds to Norway’s strategic positioning as a reliable energy supplier. From a business perspective, the potential tie-in to existing infrastructure at the Johan Castberg field enhances the economic viability of the project, reinforcing Equinor’s and its partners’ commitment to maximizing value from the region. With Equinor owning 46.3% of the permit, alongside Vår Energi and Petoro, the discovery also strengthens collaboration between public and private stakeholders in Norway’s energy sector.
- 10 months, 3 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.