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TECHNIPFMC SCORES WORK ON EXXONMOBIL’S SEVENTH OIL CHAPTER IN GUYANA
TechnipFMC has secured a $250-$500 million subsea contract to support ExxonMobil Guyana’s Hammerhead offshore oil project in the Stabroek block. The work includes project management, engineering, and manufacturing of subsea production systems using TechnipFMC’s Subsea 2.0 technology. Hammerhead, ExxonMobil’s seventh development in the region, is expected to add up to 180,000 barrels per day, increasing Guyana’s total oil production to nearly 1.5 million barrels per day by 2029. MODEC and Saipem are also involved in the project’s FPSO and installation activities.
- 1 year, 1 month
PUMA ENERGY DRIVES CLEAN ENERGY WITH NEW CNG STATION.
Puma Energy has launched a new hybrid Compressed Natural Gas (CNG) station at Tangi Bovu, raising Dar es Salaam’s total to 12 and reinforcing Tanzania’s shift toward cleaner fuels. The facility, built to world-class standards, can serve up to 50 vehicles per hour and marks a major step in reducing carbon emissions while enhancing energy infrastructure.
- 1 year, 1 month
PURA INVITES CHEVRON TO INVEST IN TANZANIA’S PETROLEUM SECTOR.
PURA has invited Chevron Corporation to invest in Tanzania’s upstream petroleum sector, highlighting opportunities in unexplored sedimentary basins and upcoming licensing rounds. Chevron expressed strong interest, noting Tanzania’s existing gas fields and infrastructure make it an attractive investment destination.
- 1 year, 1 month
OIL LITTLE CHANGED AS LOWER US STOCKPILES OFFSET DEMAND WORRIES.
Oil prices held largely steady on Wednesday, supported by tighter U.S. crude stockpiles and ongoing supply disruptions, though gains were capped by uncertainty over U.S. interest rate policy. Brent hovered near $67 a barrel while U.S. crude futures edged slightly higher, as markets weighed fresh inventory data, stalled Kurdish exports, and reduced Venezuelan shipments against broader economic headwinds. Analysts suggest prices may remain range-bound in the near term as supply concerns clash with demand-side risks.
- 1 year, 1 month
UGANDA’S FOREIGN DEPLOYMENTS STIR QUESTIONS OVER COSTS AND OIL INTERESTS
Uganda’s vast foreign troop deployments, costing taxpayers up to $1 million a day, are raising questions over hidden budgets, casualties, and unclear missions. Analysts argue the operations are aimed at safeguarding Uganda’s $20 billion oil infrastructure and future revenues, making the ventures as much economic as security-driven.
- 1 year, 1 month
UGANDA TO DRIVE AFRICA’S OIL STORAGE GROWTH WITH MAJOR PROJECTS BY 2030.
Uganda is projected to lead Africa’s oil storage growth by 2030, driven by major projects like the $5 billion EACOP and the Hoima refinery. With expanded storage capacity, the country aims to secure up to $2.5 billion in annual revenues and rival regional oil hubs in Kenya and Tanzania.
- 1 year, 1 month
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