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US OIL DRILLERS SEE INCREASED ACTIVITY.
The total number of active oil and gas drilling rigs in the United States increased by three this week, according to Baker Hughes data released on Tuesday.
- 10 months, 2 weeks
NTORYA PARTNERS ADVANCING TANZANIA NATURAL GAS PROJECT.
The Ntorya gas project is progressing steadily, with pipeline construction, drilling preparations, and field development activities aligned toward production by 2026. Significant gas reserves and ongoing infrastructure investments position the project as an important contributor to Tanzania’s natural gas sector.
- 10 months, 2 weeks
CHINA OVERTAKES OPEC+ AS THE WORLD’S MAIN OIL PRICE MAKER.
China has quietly emerged as the most powerful force shaping global oil prices, overtaking traditional producers such as OPEC+. Rather than adjusting output, Beijing has used its position as the world’s largest crude importer to influence prices by ramping oil purchases into storage when prices fall and cutting back when prices rise. As OPEC+ holds production steady amid fears of an oil glut, markets are increasingly looking to China’s stockpiling behavior as the key factor determining where crude prices settle in 2026 and beyond.
- 10 months, 3 weeks
UGANDA SEEKS STAKE IN KENYA OIL PIPELINE VIA $2 BILLION VITOL-BACKED LOAN.
Uganda plans to use part of a $2 billion Vitol-backed loan to acquire a stake in the Kenya Pipeline Company as Kenya prepares to privatise up to 60% of the operator through an IPO. The move aims to secure Uganda’s fuel supply and strengthen regional energy cooperation, with KPC currently handling about 90% of Uganda’s petroleum imports.
- 10 months, 3 weeks
TANZANIA ENVISIONS GENERATING 8,000 MW OF ELECTRICITY BY 2030.
Tanzania plans to generate 8,000 MW of electricity by 2030 through new and diversified power generation projects aimed at ensuring energy reliability. The government is also prioritizing clean cooking energy adoption and ethical public service to support sustainable economic development.
- 10 months, 3 weeks
VITOL DEAL REVIVES UGANDA’S $4 BILLION REFINERY AMBITIONS.
Vitol’s $2 billion loan provides Uganda with a crucial financing boost for its oil refinery and related energy infrastructure, reviving a project that previously struggled to secure funding. The deal strengthens progress on the EACOP project, positioning Uganda to advance toward large-scale oil production and export.
- 10 months, 3 weeks
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