The government has launched a major project to connect Kagera Region to the national grid through a new 220kV transmission line and substation, ending reliance on power from Uganda. President Samia’s administration is also rolling out multiple large-scale energy projects nationwide to boost reliable electricity access.
Aminex is set for a major revival in Tanzania, with first gas production from the Ntorya project expected in 2026 after years of financial struggle. The company’s turnaround marks a fresh boost for Tanzania’s natural gas sector and future investment opportunities.
Australian gas producer Santos on Monday agreed to further extend the exclusivity period for an $18.7 billion takeover bid from a group led by Abu Dhabi National Oil Co (Adnoc).
Billion-dollar gas deals, stalled takeovers, and new growth ambitions are reshaping the energy map this week.
Oil prices steadied after last week’s rally as traders weighed supply risks against the broader economic outlook, with Brent holding near $68 a barrel and WTI above $63, supported by hopes of looser U.S. monetary policy after the Federal Reserve signaled potential rate cuts. While the Fed’s dovish tone has buoyed risk assets and fueled optimism for stronger global demand, geopolitical friction remains at the forefront, with Washington threatening to double tariffs on all Indian imports to 50% in response to New Delhi’s continued reliance on discounted Russian crude—an escalation that could ripple through global trade and energy markets. At the same time, uncertainty lingers over OPEC+ output, Russian export resilience, and faltering peace efforts in Ukraine, where U.S. President Donald Trump has oscillated between promises of “massive sanctions” on Moscow and suggestions that Washington may ultimately hold back, leaving markets to navigate a delicate balance between short-term boosts from economic stimulus and longer-term headwinds tied to geopolitics and oversupply fears.
Oman is reportedly planning to award the exploration and development rights to four oil and gas blocks by early next year.