Nigerian National Petroleum Corporation’s (NNPC) decision to seek alternative financing models for funding its joint venture (JV) obligations has continued to restore confidence among investors, stimulating further Foreign Direct Investments (FDI) in Nigeria’s oil and gas industry

South Africa based international certification agency Bureau Veritas has issued new FSU notations and guidance to support the construction and operation of Floating Storage and Regasification Units (FSRUs) and Floating Storage Units (FSUs)

OPEC oil production fell by 420,000 bpd from January to May 2018 as the continued political disruption in Venezuela and decline in Angolan oilfields resulted in significant output losses

Saipem has received a new front end engineering design (FEED) contract to build and develop a new refinery in Hoima, Uganda