Eco (Atlantic) Oil & Gas Ltd, an oil exploration-focused company with licences in offshore Guyana and Namibia, has been granted a one-year extension to the first renewal exploration period on all of its Namibia Licenses to March 2019 by the Namibian Ministry of Mines and Energy
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Global FID volumes from new oil and gas projects set to triple in 2019
An increase in final investment decisions (FIDs) this year on new oil projects worldwide could see sanctioned volumes of oil and gas almost triple compared to last year’s tally, said business intelligence company Rystad Energy
‘Africa is the second highest in global CDU capacity addition by 2023’
Africa is expected to be the second highest in terms of capex as well as crude distillation unit (CDU) capacity additions during 2019–2023, according to GlobalData, a leading data and analytics company
Global decommissioning set to hit $36bn by 2021: Rystad Energy
Global decommissioning in the oil and gas industry is projected to hit an average of US$12bn per year from 2019 through 2021, according to Rystad Energy, an independent energy research company
Equatorial Guinea takes decisive step toward joining the EITI
Equatorial Guinea has made a decisive step toward joining the Extractive Industry Transparency Initiative (EITI) in Oslo, Norway, receiving the endorsement of the EITI International Secretariat and establishing positive bilateral relations between the two parties
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