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WORLD OIL AND GAS DEMAND COULD GROW UNTIL 2050, IEA SAYS.
Global demand for oil and gas is projected to keep rising until 2050, according to a new forecast from the International Energy Agency (IEA). The agency’s latest report marks a major shift from its earlier outlooks, which predicted a near-term peak driven by cleaner energy adoption. Instead, the IEA now warns that the world’s transition to renewables is moving too slowly to meet climate targets signaling a longer future for fossil fuels and a tougher road toward net zero.
- 12 months
TANZANIA’S IMPORTS GROW MODESTLY AS OIL PRICES DECLINE.
Tanzania’s imports rose slightly by 4.5% to USD 17.42 billion, mainly due to reduced oil import costs following lower global prices. While industrial and infrastructure-related imports grew, service payments also increased over the year. The country’s primary income deficit widened due to higher payments abroad, and the secondary income surplus shrank because of fewer personal transfers. Overall, the economy benefited from reduced fuel costs but faced challenges from rising external financial obligations.
- 12 months
KENYA MOVES TOWARD COMMERCIAL OIL PRODUCTION IN TURKANA.
Kenya is on the verge of launching commercial oil production in Turkana after the government approved and forwarded the Field Development Plan by Gulf Energy E&P B.V. for parliamentary ratification. This milestone, following Tullow Oil’s exit, is expected to accelerate energy development, boost exports, and position Turkana as a key player in Kenya’s petroleum sector.
- 12 months
TOTALENERGIES E&P UGANDA: SUSTAINABLE ENERGY DEVELOPMENT.
TotalEnergies combines sustainability and innovation in projects like Tilenga to balance current energy needs with future environmental protection.
- 12 months
UGANDA’S FIRST OIL EXPECTED IN JULY 2026 AS KINGFISHER REACHES PRODUCTION THRESHOLD
Uganda is on track to produce its first barrel of oil by July 2026 after the Kingfisher Development Project successfully reached the required production threshold. The milestone marks a major step toward the country’s long-awaited entry into oil production.
- 1 year
EXCLUSIVE: SELLERS CANCEL OIL DEALS WITH CHINA’S YULONG AFTER UK SANCTIONS.
A new wave of sanctions is shaking up global oil flows as suppliers pull out of deals with China’s Yulong Petrochemical. The British government’s latest sanctions on the refiner have forced major producers and traders to cancel contracts, creating a ripple effect that may deepen China’s reliance on discounted Russian crude. With payments frozen and banks avoiding risk, the decision marks a fresh test of how Western measures against Moscow are reshaping global energy trade and how far Beijing is willing to go to keep its refineries running.
- 1 year
Africa Energy Insights (AEI) is an African platform with latest news, insights and investment report of Energy Sectors. We bridging the gap and mobilizes investment in Energy resources for Sustainable and reliable Energy supply.