Upstream

‘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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Upstream capex spend cut by US$100 bn in Sub-Saharan Africa

Chevron Oil Refinery 017Over the next five years, capital expenditure is to be cut by US$100 bn in Sub-Saharan Africa, including exploration cuts will contribute to 46% oil production decline by 2030

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Chevron to spend $22.6bn upstream in 2011

CHEVRON PLANS TO spend US$22.6bn on upstream oil and gas exploration and production projects worldwide in 2011.

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