Uganda has signed an agreement with international companies to construct a US$4bn oil refinery in the country’s Hoima district, thus developing oil and gas opportunities in the East African nation
Downstream
Sonardyne to supply SPRINT-Nav subsea navigation systems to Ashtead Technology
Ashtead Technology, the international subsea equipment specialist, has selected SPRINT-Nav systems from Sonardyne International Ltd, a move that aims to support Ashtead’s offshore oil and gas projects using ROVs and AUVs in water depths down to 4,000 metres
Hyundai wins US$58mn contract to build LPG tanks for Dangote Refinery
South Korea-based Hyundai Heavy Industries (HHI) has received an order worth US$58mn from Dangote Oil Refining Company to build 15 bullet tanks that will store 75,000 cu/m of liquefied petroleum gas (LPG)
US$194bn to be spent on upcoming oil and gas fields in Africa by 2025: GlobalData
Capital expenditure (capex) into conventional, unconventional and heavy oil projects would form US$88.9bn, US$3bn and US$1.9bn of Africa’s capital spend respectively over the eight-year period, according to GlobalData, a leading data and analytics company
Archer’s VIVIDTM acoustic listening platform to provide well integrity and performance evaluation
Archer, a global oil services company and well integrity specialist, has launched the VIVIDTM acoustic listening platform to detect, investigate and locate leaks in real-time, verify cement barrier seals and characterise downhole events with precision