Europe’s LNG imports soared to an 11-month high in December 2024, driven by early winter cold snaps and depleted gas storage levels. U.S. LNG played a crucial role, accounting for half of the imports, as Europe prepared for ongoing energy demand and future storage replenishment.
A Saudi-based drilling company has secured its first contract in West Africa, marking a significant milestone in expanding its operational footprint across global markets.
BP has safely begun flowing gas from Greater Tortue Ahmeyim (GTA) Phase 1, one of the deepest, most complex gas developments in Africa. The 2.3 million tonnes per annum (mtpa) LNG project is expected to contribute to meeting global energy needs.
A Chinese company, Windey Energy, has announced plans to develop the world’s most powerful onshore wind turbine, marking a significant milestone in the global energy transition.
President Biden announced a permanent ban on oil and gas drilling across 625 million acres of U.S. coastal waters, citing environmental and economic risks. Biden’s executive order blocks new drilling along the Eastern Seaboard, the Pacific Coast, the eastern Gulf of Mexico, and the Northern Bering Sea in Alaska.
Tanzania is co-organizing the Mission 300 Africa Energy Summit on January 27-28, aimed at accelerating energy access for 300 million Africans by 2030, with over 1,500 delegates expected to participate. The summit will focus on initiatives like the Africa Energy Compact and highlight Tanzania's energy advancements, including the Julius Nyerere Hydroelectric Power Project and investments in alternative energy sources.