Blog
EACOP PROJECT 65% COMPLETE AS TANZANIA REAPS JOBS AND REVENUE GAINS.
The EACOP project has reached 65% completion, with full funding secured and over 9,000 local jobs created—75% of which have benefited Tanzanians. The pipeline is expected to be completed by July 2026 and will significantly boost government revenue and industrial growth.
- 1 year
EU TO PROBE ADNOC’S COVESTRO DEAL FOR SUBSIDIES.
The European Commission has initiated an in-depth investigation into Emirati oil giant Abu Dhabi National Oil Company’s €14.7 billion ($16.4 billion) takeover of German chemicals maker Covestro, citing possible market distortions caused by foreign financial support.
- 1 year
OPEC: LPG IS KEY TO DELIVERING CLEAN COOKING FOR 2.1 BILLION PEOPLE .
OPEC Secretary General Haitham Al Ghais highlights the urgent need to expand access to clean cooking fuels, emphasising the critical role of LPG in improving health, reducing emissions, and achieving sustainable development goals.
- 1 year
CLOUDERA AND ARAMCO SIGN MOU FOR AI AND DATA INNOVATION.
Cloudera and Aramco have signed a Memorandum of Understanding to leverage AI-powered solutions for the digital oil and gas sector in Saudi Arabia, focusing on local talent upskilling and data-driven growth.
- 1 year
NORWAY’S JUNE OIL AND GAS PRODUCTION BEATS EXPECTATIONS, STRENGTHENING EUROPE’S ENERGY SECURITY AMID SUPPLY CHALLENGES.
Norway’s energy sector delivered a crucial boost to Europe’s fragile energy landscape as the country’s oil and gas production for June outperformed expectations, despite modest declines compared to last year. With gas output averaging 292.3 million cubic meters per day and crude oil at 1.68 million barrels per day, Norway has once again proven itself as Europe’s most reliable energy partner. These figures not only support Norway’s own economic resilience by securing vital export revenues but also play a strategic geopolitical role in reducing the continent’s dependency on Russian energy. As the EU accelerates its diversification away from Russian gas, Norway’s consistent output reinforces its position as a key stabilizer in global energy markets, offering both security of supply and fiscal strength amid an era of heightened uncertainty.
- 1 year
KENYA TO LIST STATE-OWNED PIPELINE FIRM KPC ON NSE BEFORE SEPTEMBER.
Kenya will list its state-owned pipeline firm, Kenya Pipeline Company (KPC), on the Nairobi Securities Exchange before September, President William Ruto announced. The move is part of a broader plan to privatize key state enterprises and attract private investment.
- 1 year
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