Guyana, Mauritania and Russia led global resource discoveries in 2019 – GlobalData

In 2019, offshore discoveries accounted for more than 60% of global discoveries, up significantly on previous years, says GlobalData, a leading data, and analytics company. The company’s report,  reveals that … Read More

5th Gas Summit of the Gas Exporting Countries Forum (GECF) Summit Confirms Africa’s Potential as Future Global Gas Investment Hub

The 5th Gas Summit of the Gas Exporting Countries Forum (GECF) is convening in Malabo, Equatorial Guinea this week, attended by heads of state of GECF Member Countries and hundreds … Read More

World’s Largest Oil Expo cippe to Open Beijing this week

China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe) will be held on March 26th to 29th in Beijing in an event expected to attract many well-known enterprises at … Read More

LNG from East Africa – how the odds are stacked

Story by How much gas? Vast amounts. Mozambique alone is estimated to have gas reserves of up to 150 trillion cubic feet  (TCF) and Tanzania potentially as much as 50 … Read More

From Oil Field to Football Field: Why Are So Many World Cup Contenders Resource-Dependent?

Source: Qatar’s alleged plot to “buy” the 2022 World Cup has been making global news recently, with salacious stories of bribes paid to African and South American FIFA officials and deals to exchange natural … Read More

Statoil , ExxonMobil CNOOC fight for Tanzania’s Block 4/3A

[twitter-follow screen_name=’oilnewskenya’] China National Offshore Oil Corporation (CNOOC)  Statoil  and ExxonMobil will have to wait and see who gets the offshore block 4/3A after the three companies submitted bids for … Read More