Upstream

Global offshore projects to yield 8.1 mmbbl per day of crude by 2025, says GlobalData

offshore oil 18Globally, the total crude and condensate production from announced and planned global offshore projects is expected to be around 8.1 mmbbl per day of crude and about 47.3 bcf per day of natural gas by 2025, according to GlobalData, a leading data and analytics company

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Petronas makes an entry into Senegal’s oil and gas industry

petronas 21Malaysian oil and gas company Petronas, through its subsidiary PC Senegal Ltd, has signed a farm-in agreement with Total E&P Senegal SAS, a subsidiary of Total, to acquire a 30 per cent participating interest in the Rufisque Offshore Profond block

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Global upstream project delivery is hitting the mark: Wood Mackenzie

upstream woodThe successful execution of capital projects across global oil and gas industry has become of crucial importance to an upstream industry adapting to lower prices, according to a new Wood Mackenzie report

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Nigeria and Mozambique dominate capex outlook in Sub-Saharan Africa

glo 10 2

In Sub-Saharan Africa, Nigeria leads with 10 planned oil and gas projects that are expected to start operations between 2018 and 2025, followed by Mozambique with two projects, according to GlobalData, a leading data and analytics company

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GlobalData: Nigeria will spend more than US$25bn on upstream capex by 2020

nig nigNigeria will spend an average capital expenditure (capex) of US$8.4bn each year on 249 oil and gas fields between 2018 and 2020, said GlobalData

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