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Nigeria and Mozambique dominate capex outlook in Sub-Saharan Africa

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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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‘More than US$9.1bn will be spent on Mozambique’s upstream capex by 2020’

Mozam GloAn average capex of US$3bn per year would be spent on eight oil and gas fields in Mozambique between 2018 and 2020, according to GlobalData, a leading data and analytics company

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Total acquires Engie’s upstream LNG business

totallngpicTotal has signed an agreement with Engie to acquire its portfolio of upstream liquefied natural gas (LNG) assets, which is set to make it the second largest global LNG player

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‘Liquidity still tight for small upstream EMEA oil firms’

Seven EnergyFitch Ratings has described the risks faced by the EMEA small oil and gas exploration and production companies, noting that the sustained fall in global oil price has deteriorated the liquidity positions of small upstream companies in the region

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