Africa Oil & Gas: Majors Seek to Tap Africa’s Vast Resources

Africa Oil & Gas: Majors Seek to Tap Africa’s Vast Resources

(Bloomberg) — Africa is entering the oil-hunt spotlight as drillers, flush with cash after crude’s recovery, are turning their attention back to the continent’s potentially vast resources.

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Global Industry: “Oil, Gas Majors to Boost Renewable Spend” – Rigzone

Oil and gas majors will continue to strengthen investment into renewable energy and low carbon technology through 2018, although capital allocated in this area will still be significantly below volumes committed to conventional business activity.

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