Blog
OIL PRICES SURGE $1 AS U.S. TARIFF RULING, RUSSIANS SANCTION FEARS AND SUPLLY DISRUPTIONS STIR MARKETS.
Oil markets saw a notable uptick as Brent and WTI crude prices jumped over $1 per barrel following a U.S. court decision to block most of Trump-era tariffs, easing global trade tension and boosting investor confidence. However, the market remains alert to looming risks, including possible new sanctions on Russian crude, Chevron’s exit from Venezuela, and wildfire-related supply disruptions in Canada. With OPEC+ considering a July output hike, all eyes are on how production dynamics and geopolitical tensions will shape oil’s next move.
- 1 year
CHINA'S $690 MILION HYDROGEN FUND SIGNALS BOLD GEOPOLITICAL AND ECONOMIC SHIFT TOWARDS CLEAN ENERGY LEADERSHIP.
In a major push toward clean energy leadership, China’s state-owned oil and gas giant Sinopec has unveiled a $690 million venture capital fund the largest hydrogen focused investment vehicle in the country to date. This strategic fund aims to accelerate innovation across the entire hydrogen energy value chain, from advanced materials and proprietary technologies to infrastructure development and fuel cell systems. Managed by Sinopec’s private equity arm, and backed by key external partners, the fund is a clear signal of China’s long-term commitment to transitioning away from fossil fuels. With significant geopolitical, economic, and business implications, Sinopec’s move could solidify China’s position in the global hydrogen race, unlock new markets, and drive job creation while contributing to national and international carbon neutrality goals.
- 1 year
TANZANIA URGES PUMA ENERGY TO EXPAND INVESTMENT IN CLEAN ENERGY INFRASTRUCTURE.
Deputy Prime Minister Dr. Doto Biteko has called on Puma Energy to increase its investment in compressed natural gas (CNG) and clean cooking energy solutions. The government praised Puma’s ongoing efforts and reaffirmed its commitment to strengthening public-private collaboration for nationwide energy access.
- 1 year
TANZANIA LEVERAGES TECHNOLOGY TO UNLOCK OIL AND GAS POTENTIAL.
Tanzania is actively embracing advanced technology and global partnerships to boost exploration and efficiency in its oil and gas sector. The country aims to attract investment in its 23 open exploration blocks while empowering local talent and ensuring sustainable energy growth.
- 1 year
SITRA REFINERY IN BAHRAIN NEARS FULL OPERATION.
The Sitra refinery modernization project in Bahrain, led by Bapco Energy, is nearing full completion and is expected to significantly boost the country’s oil refining capacity.
- 1 year
NIGERIA: WARTSILA SELECTED TO DEVELOP 30 MW POWER PLANT PROJECT IN LAGOS.
Technology group Wärtsilä has been selected to supply power generation equipment for a new 30 MW power plant being set up on Victoria Island in Lagos by a Nigerian independent power producer (IPP), Victoria Island Power Ltd.
- 1 year
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