OPEC maintaining its role as a major oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030, said global natural resources consultancy firm Wood Mackenzie
Downstream
‘China and Indonesia to lead global oil storage capacity growth’
China and Indonesia will be the major contributors for the growth of the global oil storage industry, as they are set to add the most planned storage capacity among all countries from 2018–2022, according to GlobalData, a leading data and analytics firm
Almansoori delivers facilities for Kenya’s first oil wells
Abu Dhabi-based AlMansoori Specialised Engineering has announced to deliver facilities for the Early Oil Pilot Scheme (EOPS) launch in Kenya
Nigeria and Norway seek further cooperation to develop economies
The Norwegian Ambassador to Nigeria, Jens-Petter Kjemprud, has outlined potentials for further cooperation between the two countries
Mozambique’s Rovuma LNG Phase 1 development plan submitted
Mozambique Rovuma Venture has submitted the development plan to the government for the first phase of the Rovuma LNG project, which will produce, liquefy and market natural gas from the Mamba fields located in the Area 4 block offshore Mozambique