Offshore project sanctions in 2019 to surpass 2014 numbers: Rystad
The offshore industry has turned a corner and can reach a potential project commitment total of US$123bn in 2019, surpassing commitments in 2014 of US$78bn
E&P
Petrofac inaugurates construction skills training centre in Algeria
Oilfield services company Petrofac has inaugurated its construction skills training centre in Hassi Messaoud, Southern Algeria, following the completion of a programme to upgrade the centre’s facilities
AFC provides US$100mn to Aker Energy’s deepwater oil project in Ghana
Africa Finance Corporation (AFC), an infrastructure solutions provider in Africa, has announced that it has financed Aker Energy A.S., a subsidiary of Aker ASA
Africa Energy signs rig contract offshore South Africa
Africa Energy Corp has announced that the joint venture partnership for Block 11B/12B offshore South Africa has entered into a multi-well drilling contract with Odfjell Drilling for the Deepsea Stavanger semisubmersible rig
Deepwater leads the way in oil, gas discoveries in 2019: Rystad
Global discoveries of conventional oil and gas totalled 6.7bn boe in the first half of 2019, according to Norwegian energy research and consultancy Rystad Energy
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