Global Upstream Investments Set For 15-year Low, Falling to USD383 billion in 2020 – Rystad Energy

Following the publication of the upstream industry’s first quarter results, a Rystad Energy analysis reveals a gloomier investment-budget picture than previously thought. Global spending is now forecasted to reach $383 … Read More

MOZAMBIQUE: Local Enterprises Lead at Mozambique Gas and Power Event, to Launch in March 2021

Africa Oil & Power has announced the launch of the Mozambique Gas & Power 2021 event, scheduled for March 2021.  Africa Oil & Power says it will work closely with … Read More

TUNISIA: Zenith Energy Makes First Payment to KUFPEC for Sidi El Kilani

Zenith Energy has announced that it has made payment for a total of US$250,000 to Kuwait Foreign Petroleum Exploration Company K.S.C.C (KUFPEC), a subsidiary of the State of Kuwait’s national … Read More

What it takes to get a Marginal Oil and Gas Field in Nigeria

Following its marginal fields licensing rounds in 2001 and 2013, the Nigerian Department of Petroleum Resources (DPR) recently released guidelines on the 2020 licensing round. Under the 2020 licencing round, … Read More

ALGERIA: SONATRACH, PTTEP, PVEP & MAIRE Tecnimont Sign Contract For The Creation of a 2nd Oil Treatment Train at Bir Sebaa

The Bir Sebaa Group, made up of SONATRACH and its two partners PTTEP and PVEP, on the one hand, and the Italian company specialized in Engineering Mayor Tecnimont, on the … Read More

LIBYA: NOC Declares Force Majeure on Sharara Oilfield Crude Exports after Armed Attack

Libya’s National Oil Corporation (NOC)’s  has condemned the crime committed by an armed group on the evening of Monday, June 8, 2020 which stormed the Sharara oilfield and pulled their … Read More

Ghana: Aker Energy on course to finding a solution for Pecan field development

Aker Energy  reaffirms its commitment to finding a solution that will allow for the commencement of a phased development of the Pecan field offshore Ghana. “In a time when most … Read More