Panoro Energy, the Africa-focused exploration and production company, recorded its highest-ever production levels in 2025, marking a significant operational milestone.
The Philippines has announced its first natural gas discovery in more than ten years, marking a major boost for the country’s energy security as it works to reduce reliance on coal and imported fuels. The find, located near the existing Malampaya gas field offshore Palawan, could extend the life of the country’s only indigenous gas source and support growing electricity demand.
New 3D seismic data indicates that Tanzania’s Ruvuma basin may hold nearly twice as much gas as previously thought, boosting confidence in future discoveries. Planned exploration and testing in 2026 aim to confirm commercial viability, supporting long-term energy and industrial plans in the region.
Falling global oil prices linked to the Venezuela crisis could eventually ease fuel costs in Kenya, though regulatory timing means relief may appear with a lag. Lower import costs also help support currency stability and reduce broader economic pressures.
Murban crude oil prices have dropped slightly, easing some pressure on Kenya’s upcoming fuel price review by EPRA. Current pump prices remain stable, and global oil market conditions suggest continued predictability for consumers in the near term.
Oil prices fell sharply on Thursday, dropping more than 3% after U.S. President Donald Trump said that killings in Iran’s nationwide protests were subsiding and there was no immediate plan for large-scale executions, which eased fears of a U.S. military strike and potential supply disruption. Brent and U.S. crude erased much of this week’s gains as markets reassessed geopolitical risk, while rising U.S. inventories and resumed Venezuelan exports added bearish pressure. The pullback reflects a swift market shift from geopolitical fear to risk repricing amid global oversupply concerns.