Data and analytics company, GlobalData, has found a significant decline of 22% in disclosed oil and gas contract volume from 7,550 contracts in 2022 to 5,915 in 2023
Exploration
Liberty Petroleum signs production sharing agreements with Somalia
Liberty Petroleum Corporation has signed three production sharing agreements (PSAs) between the Federal Government of Somalia and Liberty’s affiliated company, Petro Quest Africa Corporation
SGS to offer specialised services in Uganda
The Petroleum Authority of Uganda (PAU) has approved SGS, a leading testing, inspection and certification company, to provide pre-export verification of conformity (PVoC) services to exporters of specialist oil and gas materials equipment
Galp makes light oil discovery offshore Namibia
Following significant discoveries from Mopane-1X well, Galp, along with partners NAMCOR and Custos, has also finished drilling the Mopane-2X well to its designed depth, in block PEL83
Maintaining climate policies and pledges can impact emissions reduction, finds IEA
The International Energy Agency's Global Methane Tracker has found that newly adopted policies and regulations, and reaffirmation of climate commitments at COP28 is paving the ground for emissions reduction