Time to stop suggesting AI is conscious?, Riyadh Calling

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-18 • Permanent link

Riyadh's diplomatic efforts are intensifying as Saudi Arabia seeks support from its key allies amidst the escalating tensions with Iran-backed Houthi rebels in Yemen. The situation has reached a boiling point, with the rebels tightening their grip on the Red Sea coast and the strategic Bab el Mandeb shipping choke point. The situation has led to a surge in drone attacks, resulting in significant damage to critical infrastructure.

Diversification of energy assets is a vital strategy for TotalEnergies and BlackRock's Global Infrastructure Partners, and their $1.8 billion investment in African oil and gas assets marks a significant milestone in the company's expansion efforts. The move is expected to bolster TotalEnergies' presence in the region and provide a strong foundation for long-term growth. Investors are closely watching the development, as it underscores the company's commitment to diversifying its portfolio and mitigating risks.

The partnership between TotalEnergies and BlackRock's Global Infrastructure Partners is reminiscent of the landmark agreements between Western oil majors and African governments in the 1970s, when the discovery of major oil reserves led to a surge in international investment. However, the current investment is notable for its scale and strategic focus, as both parties aim to capitalize on the vast potential of Africa's energy sector. Industry experts praise the move, citing the significant potential for growth and the need for diversified energy sources.

The future of the partnership and its impact on the energy sector will be shaped by various factors, including the stability of the region and the ability of TotalEnergies and BlackRock's Global Infrastructure Partners to navigate the complexities of African energy politics. Risks include the potential for regional instability and the need for effective governance and management of the assets. However, the partnership also presents opportunities for growth and innovation, as both parties work to unlock the vast potential of Africa's energy sector.