Blog
BLACKROCK-LED GROUP TO INVEST $10BN IN ARAMCO GAS PROJECT.
A group led by U.S. asset manager BlackRock is reportedly in talks to invest around $10 billion in infrastructure tied to Saudi Aramco’s $100 billion Jafurah shale gas project.
- 1 year
AMINEX ANNOUNCES MAJOR MILESTONE IN NTORYA GAS PROJECT IN TANZANIA.
Aminex has announced that construction of the pipeline from the Ntorya gas field to Madimba will begin in July 2025 and be completed by July 2026. The project is expected to be a gamechanger for Tanzania’s energy sector, bringing gas to power homes, industry, and reduce dependence on dirty fuels.
- 1 year
TANZANIA GAINS BILLIONS FROM EACOP PROGRESS.
Tanzania has earned over TSh 50 billion from the EACOP project, which is now 64.5% complete with 1,147 km of the pipeline running through the country. The government has already invested TSh 1.3 trillion, creating over 1,200 local jobs, and expects more economic benefits as the USD 5 billion project nears completion.
- 1 year
OIL PRICES CLIMB AMID IRAQI SUPPLY DISRUPTIONS AND STRONG SUMMER DEMAND.
A surge in oil prices continues as drone attacks severely disrupt production in Iraq's semi-autonomous Kurdistan region, halving the area's oil output and heightening global supply concerns. This supply shock comes amid an already tight market supported by strong seasonal demand in the U.S. and Asia, with global oil consumption averaging over 105 million barrels per day this July. Analysts note that despite increased output from OPEC+ members and looming uncertainties around U.S. tariff policies, near-term fundamentals remain bullish—further reinforced by a notable drawdown in U.S. crude inventories and the return of Asian refineries from maintenance. While officials suspect Iran-backed militias behind the attacks, no group has claimed responsibility. As geopolitical risks mount and infrastructure remains vulnerable, investors are bracing for continued price volatility in the oil market through the remainder of the quarter.
- 1 year
GORDON MACKIE JOINS VICI ENERGY TO ENHANCE TRADING AND FINANCE OPERATIONS.
Vici Energy is poised for growth with the appointment of Gordon Mackie as Director of Trading and Finance.
- 1 year
MP NYORO SAYS EXPLANATION ON FUEL PRICE INCREASE MISLEADING, INCOMPLETE.
MP Ndindi Nyoro has slammed the government's fuel price hike explanation, saying high taxes and secretive off-book borrowing—not global prices—are to blame. He’s demanding a public audit and urgent fiscal reforms to protect Kenya’s financial sovereignty.
- 1 year
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