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
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 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 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 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
