Saudi Aramco has recently awarded four major contracts worth approximately $5 billion for the expansion of the Zuluf offshore field, the world’s third-largest oil field.
The planned return of Koeberg Nuclear Power Station’s Unit 1 has been delayed by one month, shifting its expected restart from July to the end of August 2025.
Uganda’s local governments are being sidelined in petroleum development despite policy mandates for their involvement, as no budget allocation has been made to support their participation. Without integrating petroleum activities into district programs, local engagement remains minimal, risking the long-term sustainability and community ownership of oil and gas projects.
The EACOP project has reached 65% completion, with full funding secured and over 9,000 local jobs created—75% of which have benefited Tanzanians. The pipeline is expected to be completed by July 2026 and will significantly boost government revenue and industrial growth.
The European Commission has initiated an in-depth investigation into Emirati oil giant Abu Dhabi National Oil Company’s €14.7 billion ($16.4 billion) takeover of German chemicals maker Covestro, citing possible market distortions caused by foreign financial support.
OPEC Secretary General Haitham Al Ghais highlights the urgent need to expand access to clean cooking fuels, emphasising the critical role of LPG in improving health, reducing emissions, and achieving sustainable development goals.