Global oil demand to decline in 2020 as coronavirus weighs heavily on markets – IEA

Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International … Read More

The Mozambican Gas Promise and Why It Epitomizes the African Dream

It has been almost exactly ten years since Anadarko drilled the well that would give Mozambique its first major gas find in over sixty years of mostly disappointing oil and … Read More

Toshiba Wins Order in Ethiopia for Small Scale Geothermal Power Generation System for Wellhead

Toshiba Energy Systems & Solutions Corporation (Toshiba ESS)  has announced that the company, Toyota Tsusho Corporation and Turkish engineering company Egesim Energy Electro-Mechanic Construction Contracting Co., Ltd. have received an … Read More

Coronavirus to delay most of 2020’s FPSO deliveries and postpone USD30 billion of E&P investments

Out of a global total of 28 floating production, storage and offloading (FPSO) vessels that are under construction, 22 are being built at shipyards in China, South Korea and Singapore. Rystad … Read More

TGS welcomes Somalia’s ratification of the Petroleum Law

The Federal Republic of Somalia has confirmed that the country’s Petroleum Law has been ratified by His Excellency, President Mohamed Abdullahi Farmajo. The Presidential Ratification is a landmark moment in the development of Somalia’s natural resources, … Read More