France’s Total and partners will resume drilling at the Brulpadda prospect offshore South Africa in December, a minority partner in the field said on Wednesday.
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An analyst at British consultancy Risk Advisory has told Lusa that it is not clear that the attacks in northern Mozambique which killed one person on Thursday were aimed at the oil company Andarko.
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Senegal government has hired Doris Engineering to provide advisory services to Senegalese Ministry of Petroleum and Energies for the development for the development of oil & gas projects offshore Senegal.
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Mozambique has granted ExxonMobil the right to drill for oil and natural gas in the country’s central and northern regions. ExxonMobil will build the world’s biggest liquefaction units (outside Qatar). Under the new development plans approved by the government Exxon’s first two liquefaction units should start producing in 2024.
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The global floating production market has stirred back to life after enduring a couple of years in virtual hibernation during the downturn.
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It is quite rare for African national oil companies (NOCs) to liberalize, especially in countries that are heavily dependent on oil revenues. Yet Angola, whose stability was sent reeling by the oil price crash of 2015-2016, is making great strides in transforming the national champion Sonangol into a more accountable and competitive business entity.
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Global Petroleum has announced its Quarterly Report for the period ending 30 September 2018, and provided an update on its operations in Namibia and in Italy.
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Global oil and gas development spend needs to increase by around 20 percent, to about $600 billion, to meet future demand growth and ensure companies sustain production next decade.
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The evolution of the global natural gas market, which has been driven by the growth in liquefied natural gas (LNG) demand, continues to change the relationship between buyers and sellers, and raises new challenges for the global security of energy supplies.
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Mozambique is poised to become the next big thing in liquefied natural gas. If it fails to settle its security situation in the Cabo Delgado province, it could also become the next big thing in African insurgencies.
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