Industry

MODEC awarded operations and maintenance contract for Sangomar field FPSO

sangomarMODEC Senegal S.A.S.U. (MOSEN) has signed a contract with Woodside Energy for the operations and maintenance of a Floating Production Storage and Offloading (FPSO) vessel for the Sangomar Field Development Phase 1 project offshore Senegal

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GlobalData: African midstream operators withdraw investment plans amid COVID-19 turmoil

AdobeStock 354654424 1The COVID-19 pandemic and weak global economic outlook, coupled with fragile energy demand has resulted in a decline in oil and gas prices

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COVID crisis deepens energy efficiency slowdown

energy efficiency goalsThe already sluggish pace of global progress on energy efficiency is set to slow further this year as a result of the economic impacts of the COVID-19 crisis, deepening the challenge of reaching international energy and climate goals and making stronger government action critical, according to the International Energy Agency (IEA)

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OPEC+ agrees to increase output by 500,000 b/d in January

OPEC ORA ORMEDespite concerns on oversupply for Q1 2021, the group agreed to increase output by 500,000 b/d in January. Production restraint is set at minus 7.2 mmbbl per day instead of the Q4 2020 level of minus 7.7 mmbbl per day

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West Africa oil and gas midstream market to register 1.54% growth

Vaalco GabonThe West Africa oil and gas midstream market is expected to register a CAGR of more than 1.54% during the forecast period of 2020-2025, according to ResearchAndMarkets

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