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TANZANIA UNVEILS STRATEGIC PROJECTS TO GAIN FROM THE EACOP PROJECT.
Tanzania is implementing seven major energy projects, including the East African Crude Oil Pipeline (EACOP), the Julius Nyerere Hydropower Project, and the Liquefied Natural Gas (LNG) project, to boost power generation and economic growth. The government has invested over 1.12 trillion shillings in EACOP, with more than 200 local companies benefiting from contracts worth 1.325 trillion shillings.
- 1 year, 1 month
U.S. DOE CHAMPIONS LPG SOLUTIONS FOR GLOBAL CLEAN COOKING.
While more than one billion people have recently gained access to clean cooking, mainly through LPG, close to two billion still rely on polluting fuels.
- 1 year, 1 month
RISING ENERGY DEMAND AND INFRASTRUCTURE PROJECTS FUEL CABLE GLANDS MARKET EXPANSION.
The global cable glands market is poised to reach $4.5 billion by 2032, up from $2.4 billion in 2022, growing at a robust CAGR of 6.8% from 2023 to 2032, according to Allied Market Research. This growth is driven by the rising demand across the oil & gas, construction, and IT sectors.
- 1 year, 1 month
OIL SLIPS AS MARKETS WEIGH PROSPECT OF RUSSIA-UKRAINE PEACE TALKS.
Oil prices slipped on Tuesday as markets weighed the possibility of U.S.-brokered peace talks between Moscow, Kyiv, and Washington, a move that could reshape global energy flows and ease geopolitical tensions. Brent crude fell 0.5% to $66.28 a barrel while U.S. West Texas Intermediate futures dropped to $63.10, reversing part of the previous session’s gains. Traders see any breakthrough toward peace potentially leading to a rollback of sanctions on Russian crude, reducing supply risks and pulling prices lower. Analysts noted that U.S. President Donald Trump’s softened stance on secondary sanctions against Russian oil importers signals a temporary easing of geopolitical risks, though concerns remain that Kyiv could be pressured into an unfavorable settlement. With India already hit by new U.S. tariffs over its Russian oil purchases and Europe cautious about concessions to Moscow, the stakes stretch far beyond the oil market linking business, the global economy, and geopolitics in a high-stakes test of energy security and diplomatic leverage.
- 1 year, 1 month
TRUMP’S FOCUS ON LOW OIL PRICE PLAYS INTO OPEC’S HANDS.
Even as complaints from the US shale industry grow louder about low oil prices undercutting production, President Donald Trump seems committed to keeping crude as cheap as possible.
- 1 year, 2 months
IRAQ SIGNS DEAL WITH CHEVRON TO RAISE OIL OUTPUT.
Iraq’s oil ministry has signed an agreement with US oil major Chevron for the development of the Nassiriya oil field, comprising four exploration blocks.
- 1 year, 2 months
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