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UGANDA, TANZANIA, ZANZIBAR PARTNER TO PROMOTE OIL AND GAS SECTOR’S GROWTH.
Ms Biribonwa said the MoU will help formalise collaboration in specific priority areas, including health, safety and environment, cost management and monitoring, national content promotion, and capacity building.
- 11 months, 2 weeks
KENYA BLOCKS ENTRY OF TANZANIAN BILLIONAIRE'S COOKING GAS OVER SAFETY STANDARDS: "UNFIT FOR USE.
Kenya blocked Lake Oil Ltd’s gas consignment due to missing odorant, declaring it unfits for use. The company has complied with KEBS’ demands and awaits final testing before market approval.
- 11 months, 2 weeks
SLOVAKIA THREATENS TO BLOCK NEW EU SANCTIONS WITHOUT ENERGY SECURITY GUARANTEES
As the EU pushes ahead with its toughest sanctions yet against Russia, deep cracks are emerging within the bloc, with Slovakia vowing to block the 18th sanctions package unless urgent energy guarantees are put in place. Prime Minister Robert Fico’s warning exposes the raw tension between geopolitical ambition and economic survival, as smaller, energy-dependent nations like Slovakia and Hungary resist what they see as reckless policy moves that could cripple their economies. The European Commission’s bid to cut Moscow’s revenue streams through financial sanctions, trade restrictions, and a proposed drop in the G7 oil price cap aims to pressure the Kremlin’s war machine. But with no clear alternatives to Russian gas, oil, and nuclear fuel, countries on the economic frontlines fear industrial disruption, business losses, and a blow to their energy security. As European unity is put to the test, the clash between political ideals and economic pragmatism could shape the future of both the EU’s foreign policy and internal cohesion.
- 11 months, 3 weeks
ORYX GAS PUSHES CLEAN COOKING TO SAVE TANZANIA’S FORESTS.
Oryx Gas Tanzania marked World Environment Day by urging Tanzanians to adopt clean cooking energy and protect forests from deforestation. The company organized a school clean-up at Kisiwani Primary School, using the event to educate students on the importance of clean energy and environmental conservation.
- 11 months, 3 weeks
USTR BACKTRACKS ON LNG AND VEHICLE CARRIER PENALTIES IN BID TO BALANCE TRADE, SECURITY, AND INDUSTRY PRESSURES.
In a significant shift that intertwines geopolitical strategy, economic pragmatism, and business interests, the United States Trade Representative (USTR) has revised its earlier hardline stance on penalties targeting non-U.S.-built LNG tankers and vehicle carriers. Originally intended to curb China's dominance in global shipping and reinvigorate U.S. shipbuilding, the proposed rules drew sharp backlash from both the liquefied natural gas (LNG) and automotive shipping industries for threatening to raise costs and disrupt trade. The softened measures now remove penalties linked to LNG exports on non-U.S. vessels and reduce steep port fees for foreign-built car carriers, particularly those supporting military operations. These adjustments come amid mounting concern that overly aggressive trade restrictions could hurt U.S. energy exports and global competitiveness. As global economic uncertainty persists and maritime logistics remain a battleground for strategic influence, the USTR’s course correction illustrates how the U.S. is trying to strike a delicate balance between protecting national interests and maintaining strong trade flows in a highly interconnected world.
- 11 months, 3 weeks
OIL PRICES CLIMB TO MULTI-WEEK HIGHS AMID US-CHINA TRADE OPTIMISM.
Oil prices surged to multi-week highs on Monday, underpinned by a complex mix of geopolitical developments, economic signals, and market sentiment. At the heart of the rally is renewed hope surrounding U.S.-China trade talks taking place in London, a diplomatic engagement that investors view as a potential turning point in strained relations between the world's two largest economies. A successful negotiation could ease global trade tensions, boost cross-border investments, and revive economic activity, particularly in energy-intensive sectors. On the business front, a weaker U.S. dollar has made oil cheaper for international buyers, spurring demand and lifting prices, while expectations of tighter market conditions have fueled speculative interest. Meanwhile, China's latest economic data has raised red flags exports have slowed, factory-gate deflation has deepened, and crude oil imports have declined signaling growing stress within its domestic economy. Yet, optimism about a trade deal continues to overshadow these concerns, with markets betting that improved diplomatic ties and coordinated global economic recovery efforts will help stabilize oil demand. As OPEC+ cautiously ramps up production, the energy sector is closely watching both political and economic shifts, which now hold the key to sustaining momentum in global oil markets.
- 11 months, 3 weeks
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