Canada's oil industry is exploring new shipping routes to lessen its dependence on the United States following threats from U.S. President Donald Trump to impose tariffs on Canadian energy imports.
India Energy Week 2025, set for February 11-14 in Delhi, will bring together energy ministers from over 20 countries, top executives from Fortune 500 companies, and global industry leaders to discuss key energy challenges and innovations. Hosted at Yashobhoomi, the event will feature country pavilions, thematic zones on renewables and hydrogen, and high-level discussions shaping the future of global energy.
Tanzania is leveraging its abundant uranium reserves to develop nuclear energy as a sustainable and reliable power source, aiming to boost energy security and industrial growth. With government commitment, international partnerships, and capacity-building initiatives, the country is positioning itself as a leader in Africa’s clean energy transition.
TotalEnergies reported a 15% decline in its fourth-quarter profit due to weak oil demand and lower crude prices. However, higher electricity sales and strong liquefied natural gas (LNG) trading helped offset some of the losses.
The UK government is reconsidering its $1.15 billion financing for the Mozambique LNG project, seeking legal advice on whether it is still obligated to support it. The project, led by TotalEnergies, has faced delays due to security risks and political instability. The Labour government is cautious about withdrawing support due to potential legal consequences. Meanwhile, TotalEnergies has postponed the project restart amid ongoing violence and election-related disputes in Mozambique, further threatening the 2029 production timeline.
African governments are promoting compressed natural gas (CNG) as a more affordable and lower-emission alternative to petrol and diesel, offering incentives for vehicle conversions. However, critics argue that relying on CNG still ties countries to fossil fuels, delaying the transition to fully electric transportation.