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Oil & Gas

TANGA TO HOST PETREDEC, ASAS VAST LPG TERMINAL.

Petredec and ASAS have launched a $100 million LPG terminal in Tanga, Tanzania, aimed at transforming clean energy access across East Africa. The project will enhance supply, affordability, and availability of LPG, support government clean cooking goals and generating thousands of local jobs.

  • 11 months, 3 weeks
Oil & Gas

NIGERIA ISSUES UPSTREAM EXECUTIVE ORDER, PRIORITIZING HIGH RETURNS FOR OIL & GAS OPERATORS.

Nigerian President Bola Ahmed Tinubu has signed an executive order designed to lower project costs for investors while enhancing revenue from oil and gas projects.

  • 11 months, 3 weeks
Oil & Gas

OIL PRICES WAVER AS CHINA’S ECONOMIC SLOWDOWN WEIGHS ON DEMAND WHILE TRADE DEAL HOPES OFFER SUPPORT.

Global oil markets are at a pivotal crossroads as geopolitical pressures, economic uncertainty, and evolving business strategies converge with growing intensity. Fresh U.S. Senate sanctions aimed at imposing 500% tariffs on Russian oil and gas could significantly upend global energy flows, potentially triggering supply shocks and inflationary ripple effects worldwide with American households and European allies bracing for higher costs. Simultaneously, weak economic data from China, including slowing exports and reduced crude imports, has cast a shadow over global demand prospects, just as Beijing and Washington prepare for crucial trade talks that could either revive or further dampen market optimism. On the business front, oil producers face a delicate balancing act: OPEC+ is accelerating output hikes into late 2025, while U.S. producers pull back amid wildfire-related disruptions and falling rig counts. Together, these developments reflect a market navigating fragile diplomacy, uneven recovery, and strategic recalibration all within an energy landscape that remains highly sensitive to political moves and economic signals.

  • 11 months, 3 weeks
Oil & Gas

U.S. SENATE ENERGY TARIFF BILL TARGETS RUSSIA, RISK GLOBAL SHOCK.

A bold new U.S. Senate bill the Sanctioning Russia Act of 2025 is sending ripples through global energy markets, threatening to reshape geopolitical alliances, disrupt international trade, and spike energy costs for consumers. With a proposed 500% tariff on all Russian origin oil, gas, uranium, and petrochemicals and punitive measures for nations like China and India that continue doing business with Russia the legislation could destabilize existing energy supply chains and strain diplomatic ties. While aimed at choking off revenue for Russia’s war in Ukraine, the bill risks triggering economic blowback by jacking up prices at the pump and on utility bills, even in the U.S. Energy companies face mounting uncertainty as the prospect of restricted access to Russian supplies clashes with already fragile post-pandemic demand patterns. The result is a high-stakes gamble that blends hardline foreign policy with economic risk and could reconfigure global energy trade as both governments and businesses brace for impact.

  • 11 months, 3 weeks
Oil & Gas

EACOP PROJECT REACHES 60 PERCENT COMPLETION.

The East African Crude Oil Pipeline (EACOP) has reached 60% completion, creating over 6,000 jobs—70% of which have gone to locals near the project. With a $4 billion investment, the pipeline is set to boost infrastructure, trade, and economic growth across Uganda and Tanzania.

  • 11 months, 4 weeks
Oil & Gas

FUEL PRICES RISE IN UGANDA AS UNOC BLAMES LOGISTIC SNAGS.

Uganda is facing a temporary spike in fuel prices due to logistical disruptions in deliveries through Kenya, causing gasoline prices to rise to 5,000 shillings per liter. UNOC has responded by importing fuel via Tanzania and expects supply and prices to stabilize soon as more shipments arrive.

  • 11 months, 4 weeks