Tanzania is positioning itself as one of Africa's most promising energy destinations as new exploration campaigns, major gas field developments and large-scale infrastructure projects gather momentum. Backed by more than 57 trillion cubic feet of proven natural gas reserves, expanding production capacity and ambitious plans for LNG exports, the country is laying the foundation for long-term energy security, industrial growth and increased foreign investment. From the world-class Ntorya gas project to new offshore licensing rounds and strengthened local content participation, Tanzania's oil and gas sector is increasingly becoming a strategic pillar of national economic development under President Samia Suluhu Hassan's administration.
The Philippines has lowered its 2026 economic growth forecast as the country continues to face significant challenges stemming from an ongoing energy crisis.
A Ukrainian drone strike on an oil refinery in southeastern Moscow triggered a major fire on Thursday, marking the second attack on the facility within three days.
London's High Court has upheld an injunction obtained by BB Energy, preventing the Republic of South Sudan from entering into new oil prepayment agreements.
Oil shipments through the Strait of Hormuz are gradually recovering following the signing of an interim ceasefire agreement between the United States and Iran, allowing tankers carrying crude oil, refined products and liquefied petroleum gas to resume movement through one of the world's most strategically important energy corridors. The return of shipping activity is providing relief to global energy markets after months of disruption caused by the conflict. However, fresh concerns are emerging as Iran signals tighter control over vessel movements through the waterway, including possible permit requirements, insurance obligations and transit fees. The developments are creating uncertainty for shipowners, oil traders and major energy-consuming nations that depend on uninterrupted flows from the Gulf region.
Ukraine has brought the war closer to the heart of Russia after launching another major drone strike on a strategic oil refinery in Moscow, causing a powerful explosion, a large fire and widespread disruption across the capital. The attack, which targeted critical energy infrastructure located just 16 kilometres from the Kremlin, is part of Kyiv's growing campaign to weaken Russia's oil industry, disrupt revenues used to finance the war and demonstrate its ability to strike deep inside Russian territory. The incident has also raised concerns about fuel supplies, transportation disruptions and the broader economic consequences of continued attacks on Russia's energy sector as the conflict enters a new and increasingly complex phase.