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Oil & Gas

UGANDA, TANZANIA NEAR CRUDE EXPORT MILESTONE.

Uganda and Tanzania are set to export crude oil through EACOP in October 2026, nearing a major regional milestone. The project promises significant economic benefits, including jobs, skills development, and regional trade, while addressing environmental concerns.

10 months

Oil & Gas

EAST AFRICA’S EACOP SHAPES REGIONAL ECONOMY.

EACOP is set to be a game-changer for Uganda and Tanzania, creating jobs, skills, and trade opportunities while supporting Uganda’s economic transformation. The pipeline also reinforces Tanzania’s role as a strategic energy hub, with environmental safeguards in place to ensure responsible development.

10 months

Oil & Gas

UGANDA PRESIDENTIAL HOPEFUL TO REVIEW OIL CONTRACTS IF ELECTED.

Bobi Wine plans to review Uganda’s oil contracts to ensure they favor the country, challenging Museveni in the upcoming elections. Uganda is close to starting oil exports, with EACOP nearly completed and new oil deposits identified, making the sector politically and economically critical.

10 months

Oil & Gas

IRAQ NATIONALISES OPERATIONS OF WEST QURNA-2 OILFIELD.

Iraqi Prime Minister Mohammed Shia Al-Sudani has overseen a cabinet decision to appoint the state-run Basra Oil Company as the operator of petroleum activities at West Qurna-2, one of the largest oilfields globally.

10 months

Oil & Gas

SHELL TO ACQUIRE STAKES FROM CHEVRON IN ANGOLA.

Shell is weighing a potential agreement with Chevron that would see the European energy major acquire stakes in two undeveloped ultra-deepwater offshore blocks in Angola.